The Capital One® SavorSM Cash Rewards Credit Card offers an impressive and unlimited 4% cash back on dining and entertainment, 2% back at grocery stores, and 1% back on everything else, for an annual fee of $95 (waived the first year).
New applicants can earn a one-time $300 cash bonus after spending $3000 on purchases within the first 3 months from account opening.
Transferable point currencies, such as American Express Membership Rewards and Chase Ultimate Rewards, are still the best way to get the best value out of your credit card rewards. However, there’s an increase in cash back rewards cards offering more competitive bonus categories. The Capital One Savor is one of them. This card is best for those who want to increase rewards earned on categories they use the most but don’t want to put a lot of time into maximizing redemptions.
The 4% cash back is the one of the highest cash back amounts currently offered on dining and entertainment. Plus, it just so happens to be the two categories many spend a significant amount on. If the Capital One Savor card can help you save a little more out of those purchases, it may be best to hop on it.
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Capital One Savor Rewards Credit Card Summary
With the Capital One® SavorSM Cash Rewards Credit Card:
• Earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
• Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
• No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
• No foreign transaction fees
• Capital One cardholders get access to premium experiences in dining, entertainment and more
• $0 intro annual fee for the first year, $95 after that
Earn 4% Cash Back on Dining & Entertainment
The Capital One Savor aims to appeal to consumers by offering unlimited cash back. Cardholders can earn 4% back on dining, 4% back on entertainment, and 2% back at grocery store. All other purchases earn 1% back.
The most noteworthy bonus is the 4% back on dining and entertainment.
Generally, dining includes purchases at restaurants, fast-food places, coffee shops, cafes, lounges, bakeries, bars, nightclubs and more.
Entertainment includes tickets purchased for a movie, play, concert, sporting event, tourist attraction, theme park, aquarium, zoo, dance club, pool hall or bowling alley. Purchases at record store and video rental locations also count in this category. However, non-industry entertainment like cable, digital streaming and subscription services are excluded. The Wells Fargo Propel American Express® Card would be better for those who enjoy Spotify or Netflix.
With the Capital One Savor, cash back rewards are easy to redeem. One dollar is always worth one dollar, and there’s no minimum redemption amount.
Redeem your cash back for statement credit, check or for gift cards and charitable donations. It’s best to redeem for a check or statement credit to get the maximum worth out of your rewards.
If you want to purchase gift cards or donate to charity, you should put those purchases on your credit card to earn more points. Then, use the cash back rewards to pay your bills.
The Capital One® SavorSM Cash Rewards Credit Card is one of the best cards for dining and entertainment spending. Cardholders receive 4% cash back on dining, essentially anywhere that serves food. Plus, earn 4% cash back on the broad category of entertainment. And, just about any grocery store or supermarket except Walmart and Target earns 2% cash back at grocery stores.
If you don’t enjoy the $95 annual fee that’s waived the first year or you have other spending needs, check out our list of Credit Card Promotions to find the card that best suits you.
Learn more about this card and find out how you can apply here.