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Capital One Savor Rewards Credit Card — Full Review [2023]

Name: Capital One Savor Rewards Credit Card — Full Review [2023]
Item: Capital One Savor Rewards Credit Card
Rating: 4.55
Author: Jarrod West

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"Cash-back king for food and entertainment lovers!"

An excellent cash-back card that offers rewards for categories like dining, entertainment, popular streaming services, and grocery stores.

Learn More (at Capital One's secure site)

Jarrod West

- Updated: May 18, 2023, 11:04am CDT

The information regarding the Capital One Savor Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

When it comes to rewards credit cards, you can break up most savvy consumers into 2 camps: those who prefer travel rewards and those who prefer cash-back.

Both options can be very lucrative to you and your wallet, especially if you’re using the right card. For those who fall in the “cash is king” camp, you’ll likely find the Capital One Savor card quite compelling.

Pros

10% cash-back on Uber and Uber Eats
8% cash-back on Capital One Entertainment
5% cash-back on hotels and rental cars booked through Capital One Travel
4% cash-back on dining, entertainment, and popular streaming services
3% cash-back at grocery stores
1% cash-back on all other purchases
Complimentary Uber One membership through November 14, 2024
Roadside assistance and rental car insurance
Purchase protection/price protection/extended warranty
No foreign transaction fees

Cons

$95 annual fee
This is strictly a cash-back card, so it features no travel rewards like other cards offer

Capital One Savor Card — Snapshot

Welcome Bonus & Info (Partner Content)
- Earn a one-time $300 cash bonus after you spend $3,000 on purchases within the first 3 months from account opening
- Earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
- Earn 8% cash back on Capital One Entertainment.
- 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.
Card Categories:
- Credit Card Reviews
- Best Cash Back Credit Cards

Great Card If

You prefer cash-back to travel rewards
You want a card with purchase protection and price protection
You spend a lot on dining, entertainment, and popular streaming services
You want a card with no foreign transaction fees

Don't Get If

You prefer travel rewards to cash-back
You want a card with no annual fee
You don’t spend much on dining or entertainment

Capital One Savor Card — Fees

Interest Rates
- 17.49%-25.49% Variable
Late fees
- Up to $40
Balance Transfers
- 17.49%-25.49% Variable
- Fee: 3% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer you. None for balances transferred at the Transfer APR.
Cash Advance APR
- 25.49% Variable
- Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater.

The Ideal Cardholder

If you’re someone who values cash-back rewards for the categories where you spend the most, then the Capital One Savor card may be a fantastic option for you.

With 4% cash-back on all dining, entertainment, and eligible streaming service purchases, this card is a great option for those who like to spend their Friday and Saturday nights trying out the newest restaurant before heading to see a show, or for those who want to grab takeout and head home to watch a movie on the couch.

The card also now comes with 10% cash-back on Uber and Uber Eats, as well as a complimentary Uber One membership through November 14, 2024.

Capital One also aims to help keep you covered when you need it most. So when you use your Capital One Savor card to purchase an item, you’ll get an extended warranty policy on that item for no additional charge.

In addition, if you’re ever in a bind and have some car trouble, you’ll receive complimentary roadside assistance, too.

How To Earn More Capital One Cash-back

Dining, Entertainment, and Popular Streaming Purchases

With the Capital One Savor card, you’re going to earn 4% back on all your dining, entertainment, and eligible streaming purchases. Naturally, you will want to make this your designated card for all purchases within those categories. Whether you’re someone who goes out frequently or prefers a good Netflix series on the sofa, this can really add up.

Hot Tip: Capital One categorizes dining as purchases as restaurants, cafes, bars, lounges, fast-food chains, and bakeries. Entertainment purchases can be movies, plays, concerts, sporting events, tourist attractions, theme parks, aquariums, zoos, dance clubs, pool halls, or bowling alleys. Eligible streaming services include Netflix, Hulu, and Disney+. You have plenty of options to maximize that 4% cash-back with each category!

Grocery Purchases

With the Capital One Savor card, you’ll earn 3% cash-back at supermarkets, meat lockers, freezers, dairy product stores, and specialty markets. This gives you plenty of opportunities to earn a solid return on all your grocery store runs.

Keep in mind that non-grocery superstores like Walmart and Target will not count toward this category.

Non-Bonused Purchases

This card earns 1% cash-back on all purchases that don’t fall within the dining, entertainment, or grocery store categories. If you don’t hold any other cards in your wallet that offer a higher return, then this card is certainly better than nothing.

After all, if you’re using the card for all of your purchases and paying your balance off in full each month, even the cash-back you earn from non-bonused purchases will start to add up.

How To Use Capital One Cash-back for Max Value

Cash-Back or Statement Credit

Unlike with travel rewards cards, there aren’t any strategic redemptions available to greatly increase the value of your cash-back.

However, the pro to this method is that there are no hoops to jump through, no transfer partners to worry about, and no award charts to fixate over either.

When you’re ready to redeem your cash-back, you have the option of receiving a statement credit to offset purchases you’ve made or you can take the pure cash-back option and receive a check in the mail.

One relatively unique positive with the Capital One Savor card is that there is no minimum redemption requirement. This gives you much more autonomy when deciding the amount and frequency with which you use your cash-back.

When your eligible card is linked to PayPal, you can also checkout with PayPal and redeem your cash-back at a rate of $1 to $1.

Gift Cards

Like many other rewards credit cards, Capital One also gives cardholders the option to redeem their cash-back for gift cards. While this may seem convenient if you have plans to make a purchase with a certain store, we recommend you just take the cash-back or statement credit instead.

This is because both cash-back and statement credits are more flexible and can be used to cover purchases made with any retailer (as opposed to just 1).

Alternatives to the Capital One Savor Card

Chase Sapphire Preferred® Card

While some may prefer the simplicity of cash-back rewards, if it’s the big value of travel rewards that you’re after, then the Chase Sapphire Preferred card might be right for you.

The Chase Sapphire Preferred card earns 5x Ultimate Reward points on all travel booked via the Chase Ultimate Rewards portal, 3x points on dining, online grocery purchases, and select streaming services, and 2x points on all other travel, which can be used to unlock huge value through Chase’s airline and hotel transfer partners.

Both cards feature a $95 annual fee, but the Chase Sapphire Preferred card comes with several additional perks that frequent travelers will love.

Capital One SavorOne Rewards Credit Card

If annual fees aren’t your thing, consider the Capital One SavorOne card. With it, you’ll earn:

8% cash-back on entertainment purchases booked through Capital One Entertainment
5% cash-back on hotels and rental cars booked through Capital One Travel
3% cash-back on dining, entertainment, popular streaming services, and at grocery stores
1% cash-back on all other purchases

With bonus categories like these, it’s easy to understand how the cash-back you earn could really add up.

Plus, it comes with a solid welcome offer for a no-annual-fee card.

We’ve compared the Capital One Savor card to other popular cards:

The information regarding the Capital One SavorOne Rewards Card and Capital One Venture Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Featured Image Credit: Capital One

Frequently asked questions

Is the Capital One Savor card a Visa or Mastercard?

The Capital One Savor card is a Mastercard.

Is the Capital One Savor card accepted everywhere?

The Capital One Savor card is accepted anywhere in the world that Mastercard is accepted.

Does the Capital One Savor card have an annual fee?

Yes, the Capital One Savor card has a $95 annual fee. There are plenty of benefits to help offset the annual fee, like great cash-back returns on dining and entertainment, roadside assistance, and an extended warranty on products purchased with the card.

Does the Capital One Savor card have foreign transaction fees?

The Capital One Savor card does not charge any foreign transaction fees. You can use your card anywhere in the world to take advantage of the 4% cash-back on dining, entertainment, and popular streaming services without needing to worry about any extra fees mounting up.

About Jarrod West

Jarrod has been writing about the ins and outs of credit cards and loyalty programs, along with airlines and hotels, for over 6 years. He is regularly called upon to share his expertise on the latest news within the space, and has been featured in publications such as The New York Times, RetailMeNot, and Yahoo! Finance. Jarrod has over 20 credit cards in his wallet and has tested out dozens more in order to vet the very best card options for readers. As he is constantly sampling new cards, Jarrod also earns (and redeems) over 1 million points and miles each year. This allows him to book luxury travel experiences the world over, and save tens of thousands of dollars in the process.

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