Capital One® Savor® Card Review

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Capital One® Savor® Card Review

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"Cash-back King for Food & Entertainment Lovers"

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.

Pro's

Con's

Card Snapshot

  • Welcome Bonus & Info (Partner Content)
    • 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. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
    • Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
    • 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
  • Card Type:
    Credit Card
  • Card Categories:
  • Card Focus:
    • Dining
    • Entertainment
    • Supermarkets
  • Typical Users
    Food Lovers

The Ideal Cardholder

Woman Using Credit Card on Laptop
Earn cash-back rewards on every purchase you make. Image courtesy of Shutterstock.

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 and entertainment 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 movie.

Capital One also aims to help keep you covered when you need it most. So when you use your 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.

Great Card If

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

Card Fees

  • Annual Fee
    • $0 for the intro year, then $95
  • Late fees
    • Up to $39

How to Earn More Points

Buying Coffee with Credit Card
Earn 4% cash-back on all your dining purchases, even your morning cup of coffee! Image courtesy of RawPixel via Shutterstock.

Dining and Entertainment Purchases

With the Capital One® Savor® Card, you’re going to earn 4% back on all your dining and entertainment purchases. Naturally, you will want to make this your designated card for all purchases within those categories. If you’re someone who goes out frequently, 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. You have plenty of options to maximize that 4% cash-back with both categories! 

Grocery Purchases

With the Capital One® Savor® Card, you’ll earn 2% 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 the 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 points you earn from non-bonused purchases will start to add up.

How to Use These Points for Max Value

Cash-Back or Statement Credit

When it comes to the Capital One® Savor® Card, your points are always worth a fixed 1 cent each toward cash-back. Unlike with travel rewards cards, there aren’t any strategic redemptions available to greatly increase the value of your points.

However, the pro to this method is that there are no hoops to jump through, no transfers partners to worry about, and no award charts to fixate over either. Each point with your Savor® Card will always be worth 1 cent in cold hard cash.

When you’re ready to redeem your points, you have the option of using them as 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 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 points.

Gift Cards

Like many other rewards credit cards, Capital One also gives cardholders the option to redeem their points for gift cards at a rate of 1 cent per point. 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 one).

Competitor Cards

Uber Visa Card

The Uber Visa Card is a cash-back card with no annual fee that offers 4% back on dining, 3% back on airfare and hotels, 2% back on online purchases, and 1% back everywhere else.

Aside from the annual fee, the major difference between these 2 cards is that the Savor® offers 4% back on entertainment, vs. 3% back on travel and hotels with the Uber card. So consider where you spend the most before deciding which is best for you.

Another thing to note is that the Uber card requires you to redeem at least 500 points for Uber purchases, and 2,500 points toward cash-back redemptions. Remember that the Savor® Card has no minimum point redemption requirements.

Chase Sapphire Preferred® Card

While some may prefer the simplicity of cash-back rewards, if its 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® earns 2x Ultimate Reward points per $1 spent on all travel and dining purchases, 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® comes with several additional perks that frequent travelers will love.

FAQ

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 will be 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 that is waived the first year of your card membership. There are plenty of benefits to help offset the annual fee, like great cash-back returns on dining and entertainment, roadside assistance, Postmates Unlimited membership, 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 and entertainment, without needing to worry about any extra fees mounting up.

Jarrod West

About Jarrod West

Born and raised just outside of Cincinnati, Jarrod became fascinated with using points and miles as the perfect way to visit dream destinations without breaking the bank. Thanks to points and miles, Jarrod was able to spend 3 months traveling Europe financed nearly entirely with points and miles; while flying in premium cabins and staying in 5-star hotels along the way. To date, Jarrod has traveled to 16 countries and 22 US states.

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