Is the Capital One Savor Cash Rewards Credit Card worth it?
The Capital One Savor Cash Rewards Credit Card can be worth it for people who spend big on dining and entertainment because it lets you Earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
New cardholders can also Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening .
With a $95 annual fee, you'll need to spend at least $9,500 per year in its 4% cash back categories to recoup the fee you’ll pay in exchange for the additional 1% cash back. Otherwise, you're better off with the no-annual-fee Capital One SavorOne Cash Rewards Credit Card, which earns a solid 3% on those categories.
Looking for a cashback travel card?
The Capital One Savor Cash Rewards Credit Card is a great alternative for those who want to travel with a card that earns cash back rather than points. Its bonus rewards on entertainment and dining are a good fit for those on vacation — plus, it doesn't charge foreign transaction fees on purchases made abroad.
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Earn a $300 cash back sign-up bonus
One of the major benefits of signing up for a new credit card is the opportunity to earn a welcome bonus. With the Capital One Savor Cash Rewards Credit Card, you can Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening .
This welcome bonus is fairly generous for cashback credit cards, though the minimum spend requirement may be a bit hefty for those on a limited budget.
Capital One Savor Cash Rewards Credit Card benefits: Earn up to 4% cash back
Earn 4% cash back on dining, entertainment and streaming services
Foodies will love the cashback rewards of the Capital One Savor Cash Rewards Credit Card.
You'll Earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
This is one of the highest bonuses on dining among rewards credit cards.
Whether you're having fun on vacation or just in your local community, you can earn bonus rewards on entertainment purchases. The following purchases count as "entertainment":
- Movie theaters
- Professional and semi-professional sporting events
- Theatrical performances
- Amusement parks
- Tourist attractions
- Aquariums
- Zoos
- Bowling alleys
Select streaming services also receive 4% cash back:
What's included?
What's not included?
- Netflix
- Hulu
- Disney+
- Other standalone video and music streaming services
- Netflix
- Hulu
- Disney+
- Other standalone video and music streaming services
- Amazon Prime Video
- AT&T
- FIOS on Demand
- Audiobook subscriptions
- Fitness programming
Earn 3% cash back on grocery stores
When you're not out eating with friends and family, you can still earn bonus cash back at grocery stores with the Capital One Savor Cash Rewards Credit Card.
What's included?
What's not included?
- Supermarkets
- Meat lockers
- Freezers
- Dairy stores
- Specialty markets
- Supermarkets
- Meat lockers
- Freezers
- Dairy stores
- Specialty markets
- Superstores like Walmart and Target
For all non-bonus purchases outside of these spend categories, you'll earn a flat 1%. There are no caps on how much cash back you can earn.
Earn 8% cash back at Vivid Seats (limited time offer)
For a limited time, your Capital One Savor Cash Rewards Credit Card also earns cash back on Vivid Seats purchases. Vivid Seats is an online ticket marketplace for sports, concerts and other event tickets. Through its partnership with Capital One, you'll earn an unlimited 8% cash back on your Vivid Seats purchases through Jan. 31, 2023. This bonus cash back is an excellent way to reduce the cost of buying tickets to your favorite events.
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How to redeem rewards
Capital One makes redeeming your rewards easy with multiple redemption options.
- Redeem as a statement credit or a check: Your cashback rewards can be used to lower your credit card balance or boost your bank account. Apply your rewards as a statement credit to reduce your balance or to cover specific purchases, or you can also request that Capital One mail you a check. However, statement credits do not cover minimum required payments — so if you need the money to make your minimum payments, transfer rewards to your bank account first and then make the payment from your bank account.
- Redeem rewards on Amazon.com: Link your Capital One Savor Cash Rewards Credit Card to your Amazon account. During checkout, you can redeem as many or as few rewards as you want and pay the rest with your Capital One card. For every $1 of Savor Rewards cash back redeemed, you'll receive $1 in Amazon credits.
- Redeem rewards on PayPal purchases: PayPal is accepted at millions of places online, and now you can use your Capital One cash back during checkout. Link your Capital One Savor Cash Rewards Credit Card to your PayPal account, and when you complete your order at a participating retailer, select PayPal Checkout. Find your Capital One Savor Cash Rewards Credit Card among your linked cards, then choose "Use Capital One Rewards" and apply as many of your rewards as you'd like. The rest of your purchase will be charged to your Capital One Savor Cash Rewards Credit Card.
- Purchase gift cards: From the Capital One website or mobile app, you can redeem your rewards for gift cards. Log in to your account and pick a gift card from your favorite restaurant, retailer or hotel brand — then, choose the amount and number of gift cards. Gift cards should arrive within two to three weeks at your account address.
Capital One allows cardholders to redeem rewards for any amount and at any time. Your earned rewards never expire as long as your account remains open.
What credit score do you need for the Capital One Savor Cash Rewards Credit Card?
To get approved for the Capital One Savor Cash Rewards Credit Card, you need a credit score of at least 660. If you're concerned about your credit score, follow these tips to improve your credit.
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Other Capital One Savor Cash Rewards Credit Card benefits
In addition to its cash back rewards, the Capital One Savor Cash Rewards Credit Card offers additional perks:
- 0% foreign transaction fees. Save as much as 3% on international purchases.
- Extended warranty. Extends the manufacturer's warranty on eligible items.
- Travel accident insurance. Provides a payout in case of an accident on plane tickets purchased with the card.
- Exclusive culinary, music and sporting event discounts, perks and invites.
- $0 fraud liability. You won’t have to pay for unauthorized purchases.
- Card Lock. Instantly lock lost, stolen or misplaced cards to prevent unauthorized purchases.
- Credit alerts from CreditWise. Track changes to your TransUnion and Experian credit reports with personalized alerts.
Drawbacks
- No 0% APR promotions. Many credit cards offer no-interest promotions for balance transfers or purchases when you first open the account.
- $95 annual fee. You’ll need to spend between $2,375 and $9,500 (depending on spending categories) in order to justify the annual fee.
- No potential for outsized value. As a straight cashback credit card, there are no transfer partners or other opportunities to exchange rewards for a higher value.
- Some purchases are excluded from bonus categories. Not all purchases count towards bonus categories, like Walmart or Target for groceries and Amazon Prime or Verizon FIOS On Demand for streaming.
How does the Capital One Savor Cash Rewards Credit Card compare to other cards?
The Capital One Savor Cash Rewards Credit Card offers valuable perks for certain consumers, but how does it stack up against other rewards credit cards? Let's compare it against other credit cards that you may be considering.
Capital One Savor Cash Rewards Credit Card
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Capital One Savor Cash Rewards Credit Card vs. Capital One Quicksilver Cash Rewards Credit Card
Verdict: A simpler card with $0 annual fee, for people on a modest budget
The Capital One Quicksilver Cash Rewards Credit Card is a better card for people who want to earn extra rewards on every purchase, but don't want to remember bonus categories and. It earns unlimited 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply). On the downside, the card's welcome bonus is smaller than the Capital One Savor Cash Rewards Credit Card’s, though at least the minimum spending requirement is much lower. Overall, the card is a better option for people with smaller budgets.
Highlights
- Annual fee: $0
- Welcome bonus: One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
- Cash back percent: 1.5% Cash Back on every purchase, every day; 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply)
- Other benefits: APR of 0% intro on purchases for 15 months (followed by a 17.99% - 27.99% (Variable) APR), foreign transaction fees: None
Capital One Savor Cash Rewards Credit Card vs. Capital One Venture Rewards Credit Card
Verdict: A higher bonus and valuable redemption options for frequent travelers
Frequent travelers will get better value from the Capital One Venture Rewards Credit Card. It earns an unlimited 2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023 and rewards can be used to book trips, "erase" travel purchases or transfer to over 15 airline and hotel partners. With the welcome bonus, you can Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel. That's more than double the bonus of the Capital One Savor Cash Rewards Credit Card. Plus, Capital One will pay for Global Entry or TSA Precheck® application fees once every four years.
Highlights
- Annual fee: $95
- Welcome bonus: Enjoy a one-time bonus of 75,000 miles once you spend $4,000 on purchases within 3 months from account opening, equal to $750 in travel
- Cash back percent: Unlimited 2 Miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel; 5 Miles per dollar when you book on Turo, the world’s largest car sharing marketplace, through May 16, 2023
- Other benefits: Foreign transaction fees: None , 15-plus transfer partners, Global Entry/TSA PreCheck reimbursement, rental car protection, travel accident insurance, extended warranty, exclusive events
Capital One Savor Cash Rewards Credit Card vs. Capital One SavorOne Cash Rewards Credit Card
Verdict: Better value for cardholders with more moderate food budgets
For casual spenders, Capital One's $0-annual-fee dining card, the Capital One SavorOne Cash Rewards Credit Card, makes more sense. Its benefits are almost exactly alike, but the big difference is that the Capital One Savor Cash Rewards Credit Card earns only 3% on dining, entertainment and streaming services.
This lower earning rate makes sense for those who don't spend significantly on food and entertainment, as Capital One Savor Cash Rewards Credit Cardholders would need to spend almost $800 per month on these categories to justify the $95 annual fee. Plus, the Capital One SavorOne Cash Rewards Credit Card also includes an APR of 0% intro on purchases for 15 months — this gives cardholders extra time to pay off their bill without any interest.
Highlights
- Annual fee: $0
- Welcome bonus: Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
- Cash back percent: Unlimited 3% Cash Back on dining and entertainment; 3% Cash Back on popular streaming services; 3% Cash Back at grocery stores; 1% Cash Back on all other purchases. Earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats
- Other benefits: Intro APR of 0% intro on purchases for 15 months (followed by an APR of 17.99% - 27.99% (Variable)), intro APR of 0% intro on balance transfers for 15 months (followed by an APR of 17.99% - 27.99% (Variable) with a balance transfer fee of 3%), foreign transaction fees: None
Should you apply for the Capital One Savor Cash Rewards Credit Card?
The Capital One Savor Cash Rewards Credit Card is designed to reward foodies and people who spend on entertainment. It offers up to 4% on your everyday purchases and a limited-time offer of 8% cash back on event tickets from Vivid Seats. Cashback rewards never expire and are easy to redeem for statement credits, gift cards or checks.
The only major downside is the card's $95 annual fee — for a cashback credit card, this may be a large hurdle to overcome for the average household. The Capital One Savor Cash Rewards Credit Card is best for people who spend at least $800 per month combined on dining, entertainment and streaming services; otherwise, you’re likely better off with the $0-annual-fee Capital One SavorOne Cash Rewards Credit Card.
If the Savor isn't right for you, review our list of the best cashback credit cards to find one that matches your spending habits.
Is the Capital One Savor Cash Rewards Credit Card hard to get?
This card won't be hard to get for people with 660 - 850 credit. As long as you have a regular paycheck, good credit and reasonable amounts of debt, you have a strong chance of getting approved for the Capital One Savor Cash Rewards Credit Card.
What type of credit card is the Capital One Savor Cash Rewards Credit Card?
The Capital One Savor Cash Rewards Credit Card is a cashback credit card that offers bonus rewards for spending on dining, entertainment, streaming services and groceries. While some cashback credit cards have higher earning rates on everyday purchases, the Capital One Savor Cash Rewards Credit Card has some of the highest bonuses on dining and entertainment purchases, with no caps on the rewards you can earn. Capital One also offers travel rewards cards that have attractive travel benefits and flexible rewards.
Is the Capital One Savor Cash Rewards Credit Card a good card?
Yes, the Capital One Savor Cash Rewards Credit Card is a good cashback credit card for people that spend heavily on dining and entertainment. You'll need to average approximately $800 per month in dining, entertainment and streaming purchases to make it worthwhile to pay the $95 annual fee versus applying for the no-annual-fee version of this card.
What is the minimum credit limit for a Capital One Savor Cash Rewards Credit Card?
Capital One doesn't publish minimum credit limits for the Capital One Savor Cash Rewards Credit Card. However, the card’s limit may be determined by its card network, Mastercard or Visa.
Is Capital One Savor Cash Rewards Credit Card a Visa or Mastercard?
Capital One issues credit cards from both Visa and Mastercard. The Capital One Savor Cash Rewards Credit Card can be a Visa or Mastercard, depending upon which card you are approved for. Based on your approved card, the actual credit card benefits may vary.
What credit score is required to get approved for a Capital One Savor Cash Rewards Credit Card?
To increase your chances of being approved for the Capital One Savor Cash Rewards Credit Card, you should have 660 - 850 credit. Good credit is defined as having a credit score of 660 or higher.
Is the Capital One Savor Cash Rewards Credit Card made of metal?
Yes, the Capital One Savor Cash Rewards Credit Card is one of the best metal credit cards for earning cashback rewards. It has a stainless steel veneer on the front half of the card, while the back half has a layer of plastic.
The information related to Capital One Savor Cash Rewards Credit Card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.