Credit Cards » Credit Card Reviews » Capital One Savor Rewards Card: 2024 Review
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Capital One Savor Rewards Card: 2024 Review

The Capital One Savor Cash Back rewards credit card is an ideal option for someone who wants to earn 4% cash back on everyday expenses like dining out, groceries, and entertainment.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Baruch Mann (Silvermann)

Writer, Contributor

Experience

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
Interest Rates Last Update: April 15, 2024

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

Capital One Savor Rewards Card

Rewards Plan

1% – 4% unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.

Sign up Bonus

$300 $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening

Our Rating

4.5
4.5/5

0% Intro

None

Annual Fee

$95

APR

19.99% – 29.99% Variable
Capital One Savor Rewards Card

Rewards Plan

1% – 4%


unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.

Sign up Bonus

$300 $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening

Our Rating

4.5
4.5/5

PROS

CONS

APR

19.99% - 29.99% Variable

Annual Fee

$95

0% Intro

None

Credit Requirements

Good – Excellent

The Capital One Savor Cash Rewards Credit Card stands out as a top choice for individuals who prioritize rewards on groceries, dining, and entertainment. Its rewards structure is impressive, providing unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases..

In addition, there is a significant sign up bonus of one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening cash bonus once you spend , as well as $0 intro fee for the first year and no foreign transaction fee. 

Redemption options include cash back in the form of a check or statement credit, gift cards, or covering past purchases. Cardhlders perks extend to exclusive experiences, security features like virtual card numbers for online transactions, and online shopping tools like Paribus and Capital One Shopping.

Additional perks include a concierge service, security features like virtual card numbers, exclusive dining and entertainment experiences, and online shopping tools like Paribus and Capital One Shopping.

However, if you don’t spend enough on these types of activities then you won’t get ahead much on the rewards due to the annual $95 fee. 

Is there a limit to cashback rewards on the Capital One Savor card?

There is no sort of limit in place as to how many rewards you are able to get when using the Capital One Savor card to make purchases.

What is the initial credit limit of card Capital One Savor Card?

The minimum credit limit is set at least $1,000 usually for the Capital One Savor card. The exact limit depends on your personal financial situation.

What purchases don't earn cash back with the Capital One Savor Card?

All types of purchases are eligible for cashback when you are using the Capital One Savor card to pay for them, so there are no excluded categories.

Should You Move to Capital One Savor Card?

If you spend enough on the premium cashback categories to justify the annual fee then the Capital One Savor card could be an ideal fit for your needs.

How to Use Capital One Savor Card Benefits?

Make the most out of the signup offer and use this card for the premium cashback categories to get the best bang for your buck.

 

In This Review..

Pros & Cons

Let’s take a look at the benefits and drawbacks of the Capital One Savor card and see if it’s the right one for your wallet or not.

Pros
Cons
Cash Back Rewards
No 0% Intro
No Foreign Transaction Fee
Annual Fee
Solid Shopping and Travel Protections
Limited Valuable Perks
Sign Up Bonus
Simple Redemption Process

Earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.

If you're traveling abroad, you can take the Savor Rewards Card with you – you won't need to pay foreign transaction fee.

The card comes with robust shopping and travel protections, providing added security and benefits for cardholders.

Once your account is approved you are eligible to earn a one time $300 cash bonus once you spend $3,000 on purchases within 3 months from account openingsign up bonus once you spend at least .

Capital One's straightforward redemption process allows users to easily redeem rewards as cash back, gift cards, or for covering past purchases.

The Capital One Savor Reward doesn't offer any kind of APR introductory rate, a feature that appear in many other credit cards and can be relevant for many customers who would like to balance their transfers and earn a fresh start.

One of the main drawbacks of the Capital One cash back card is it does have an annual fee. As an intro bonus, Capital one will waive the $95 fee for your first year but after that you’ll be billed annually for it. The downside of annual fees is they cancel out cash back rewards you earn with the card throughout the year. 

For example, someone who spends $20,000 on their credit card each year could earn between $200-$300 on cash back rewards which then gets reduced when you factor the $95 fee in.

The lack of particularly valuable perks to offset the annual fee, such as annual credits or bonus features, may make the card less appealing compared to competitors.

Top Offers

Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

Rewards Simulation: How Much You Can Earn?

The best way to see if the  Savor Card is the right choice for your needs, is to calculate the amount of rewards and benefits you suppose to earn. 

Keep in mind that this is a general breakdown of expenses, so make sure to adjust it to your own consumer preferences and spending habits.

Capital-One-Savor-One

Spend Per Category
Capital One SavorOne
Capital One Savor
$15,000 – U.S Supermarkets
$450
$450
$5,000 – Restaurants
$150
$200
$4,000 – Hotels
$40
$40
$3,000 – Airline
$30
$30
$4,000 – Gas
$40
$40
Estimated Annual Value
$710
$760

How to Redeem Your Rewards?

With the Capital One Savor card you can earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases..

If you would like to redeem your rewards, Capital One offers various ways to redeem your rewards. These include:

  • Cash: You can request a check or apply your rewards as statement credit for the highest cash back redemption.
  • Coverage for recent purchases. You can apply your rewards to directly cover one of your recent purchases.
  • Gift cards: Like Discover, Capital One also has a selection of gift card options that you can use at popular retailers.
  • Amazon and PayPal purchases: You can use your rewards for purchases at Amazon.com or link your card to your PayPal account to pay for purchases.
Top Offers

Amex gold

Rewards Plan:
1X – 4X 4X points at restaurants (including Uber Eats purchases in the U.S.) and U.S. supermarkets (up to $25,000 per year in purchases, then 1X points), 3X points on flights booked directly with airlines or on amextravel.com, 2X points on rental cars through amextravel.com and 1X points on all other purchases
Welcome Bonus:
60,000 points 60,000 Membership Rewards® Points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership

upgrade cash rewards

Rewards Plan:
1.5% 1.5% cash back on payments
Welcome Bonus:
$200 Earn a $200 bonus after you open & fund a Rewards Checking Plus account & make 3 debit card transactions within 60 days. If you previously opened a checking account through Upgrade or do not do so as part of this process, you are not eligible. Payout made within 60 days of meeting the conditions.

AMEX Blue Cash Preferred Card review

Rewards Plan:
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
Welcome Bonus:
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

Make The Most of Your Card

If you want to make the best use of your Capital One SavorOne card, there are some tips to help you:

  • Use the Sign-up Bonus: You can earn $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.

  • Calculate your rewards: in order to maximize rewards benefit, make sure you spend your money in the right places where you can the higher tier of rewards. For example, dining out and grocery stores.

  • Keep an Eye on Special Promotions: From time to time, there will be special promotions from Capital One that will allow you to get a boost on cashback rewards for certain segments.

  • Use Capital One Travel – Capital One travel offers some great benefits as well as special deals and redemption options.

How To Apply For Capital One Savor Rewards Card?

Visit the Capital One Savor Rewards home page, and click on “Apply now”.

The next page comes up where you can fill in your “Personal Information” like your names, date of birth etc. 

Then, you fill in your contact and financial information. Lastly, read through the important disclosure page properly to know your eligibility, fees, costs, rates, etc. Then click on “continue” to complete the process. 

How It Compared To Other Capital One Cards?

Within the same issuer, the Capital One Savor faces internal competition from the Capital One SavorOne Cash Rewards Credit Card.

The SavorOne card offers a no-annual-fee alternative with slightly lower cash back rates, making it an appealing option for those who want to enjoy rewards without the burden of an annual fee.

The Savor's higher annual fee might be justified for avid diners and entertainment seekers, but for average spenders, the SavorOne may provide a more cost-effective choice.

The Capital One Venture Rewards Credit Card, a travel-focused option, offers a different set of benefits with miles that can be redeemed for travel expenses. For those who prioritize travel over dining and entertainment, the Venture card may be a more suitable choice.

How It Compared To Other Cash Back Rewards Cards?

The Capital One Savor Cash Rewards Credit Card distinguishes itself among other cash back rewards cards with its emphasis on dining, entertainment, and groceries.

When compared to the Blue Cash Preferred Card from American Express, the Savor competes favorably in the dining and entertainment categories, but the Blue Cash Preferred offers higher cash back rates for U.S. supermarkets.

The Savor also faces competition from the Discover it Cash Back, which features rotating quarterly bonus categories, including dining, and offers a unique first-year cash back match.

Is the Capital One Savor Rewards Card Right for You?

This credit card could be for you if you like lucrative $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening sign up bonuses and you like to spend money outside the home frequently on dining and entertainment.

The applies to things like restaurants, fast-food places, coffee shops, cafés, lounges, bakeries, bars, nightclubs and more. It also applies to entertainment options like tickets at movie theatres, concerts, plays, theme park, aquarium, zoo, bowling alley, and more.

However, if you don’t spend enough on these types of activities then you won’t get ahead much on the rewards due to the annual $95 fee. You could be better off finding an alternative card with no annual fee that offers cash back on dining and entertainment.

Compare The Alternatives

There are several other great options out there for cash back rewards credit cards that offer lucrative sign up bonuses, competitive cash back rates, and attractive intro APR periods. 

Let’s review a few of our top choices as alternative options to the Capital One Savor credit card:

AMEX Blue Cash Preferred Card review

chase_sapphire_preffered

Capital One Quicksilver Cash Rewards Credit Card
Blue Cash Preferred® Card from American Express
Chase Sapphire Preferred® Card
Annual Fee
$0
$95 ($0 intro for the first year)
$95
Rewards
1.5% – 5% 5% percent cash back on hotels and rental cars booked through Capital One Travel and 1.5% cash back on all purchases everyday.
1-6% 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases, then 1%) and selected U.S. streaming subscriptions, 3% cash back on transit and U.S. gas stations, 1% cash back on other purchases
2X – 5X 5x total points on travel purchased through Chase Travel, 3x points on dining, online grocery purchases and select streaming services. 2x on other travel purchases. Plus, earn 1 point per dollar spent on all other purchases.
Welcome bonus
$200 $200 cash bonus once you spend $500 on purchases within 3 months from account opening
$250 $250 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months
60,000 points 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
Foreign Transaction Fee
$0
2.70%
$0
Purchase APR
19.99% – 29.99% variable
19.24% – 29.99% Variable
21.24%–28.24% variable APR

FAQ

Yes, once you refuse the insurance offered by the rental company you will automatically get coverage if you fund the entire purchase through the Capital One Savor. Please review the terms and conditions before to make sure you're covered.

No out and out request for proof of income and no transparent income requirements is usually a part of the Capital One Savor card application process.

You can get the cash back rewards sent to you in the form of a check, as a statement credit, or get them given to you through gift cards.

It is not too hard to get one of the Capital One Savor card if you manage to meet the straightforward requirements that are in place for it.

If you will not reap enough rewards to justify the annual fee then the Capital One Savor card might not be for you and it could be worthwhile looking at other options.

Compare Capital One Savor

While the Amex Gold Card offer better rewards than the Savor card, its annual fee is much higher. Is it worth it?

Here are our thoughts: American Express® Gold Card vs Capital One Savor.

Higher Cash back and better sign up bonus, or no annual fee with lower rewards ratios?

Capital One Savor vs SavorOne Card: Which Is Better?

The Capital One Venture is designed for avid travelers, while the Savor card caters to foodies and entertainment lovers.

How do they compare? Capital One Venture vs. Capital One Savor

The Savor card is ideal for dining out and entertainment, while the Freedom Unlimited is best for travelers and those who need 0% intro APR

Capital One Savor vs. Chase Freedom Unlimited: Side By Side Comparison

The Capital One Savor is better for everyday spending, but the Chase Preferred card is the winner when it comes to travel and protection.

Capital One Savor vs. Chase Sapphire Preferred: Comparison

The Savor card is ideal for dining out and entertainment while the Quicksilver is a simple card with a flat rate cashback.

How They Compare? Capital One Savor vs. Capital One Quicksilver

Review Capital One Credit Cards

Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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Welcome Bonus:
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Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
Top Offers From Our Partners

amex platinum

Rewards Plan:
1X – 5X 5X points on up to $500,000 spent on directly-booked airfare and flights and prepaid hotels booked through American Express Travel (per calendar year), 2X points on prepaid car rentals through American Express Travel and 1X points on all other purchases
Welcome Bonus:
80,000 points 80,000 Membership Rewards® points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership

amex brilliant

Rewards Plan:
2X – 6X 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in the Marriott Bonvoy™ program, 3 points at Worldwide restaurants and on flights booked directly with airlines and 2 points on all other eligible purchases
Welcome Bonus:
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Amex Delta SkyMiles Platinum card

Rewards Plan:
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Welcome Bonus:
60,000 miles 60,000 bonus miles + 500 Premier qualifying points (PQP) after you spend $4,000 on purchases in the first 3 months your account is open.
Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.

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Editorial Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Credit Card Reviews Methodology

In order to determine the best possible credit cards, we look at things like fees, interest rates and rewards. We do this with companies that are associated with us as partners as well as other offerings. From there, we make a decision about what the best card is related to different categories and needs. We focus on interest rate cost & fees, especially the cost of carrying a balance, rewards – cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely usability – cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting. We also consider customer reviews.

We look at cards related to good or excellent credit ratings that will then provide a range of different benefits and improvements for someone who has these scores. We also look at low fees when it comes to those who have lower credit scores.