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How Does LendingTree Get Paid?

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Capital One® Savor® Cash Rewards Credit Card

Capital One® Savor® Cash Rewards Credit Card

Rewards Rate
Earn unlimited 4% cash back on dining, entertainment & popular streaming services, plus 3% at grocery stores.
Sign-up Bonus
Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening
Cash Back Details
No minimums for redeeming and cash back won't expire for the life of the account
Edited by
Julie Sherrier
Reviewed by
Glen Luke Flanagan
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who's the Capital One® Savor® Cash Rewards Credit Card best for?

The Capital One® Savor® Cash Rewards Credit Card is geared toward consumers with excellent/good credit, and who are looking for a card with robust rewards on dining and entertainment purchases. It does have a $95 annual fee, however, so you’ll need to make sure you reap enough in rewards to justify the fee.

We look at what the card offers and present an alternative card that offers a similar cashback rewards program for dining, but for no annual fee, and that has a very generous intro APR on purchases, which the Capital One® Savor® Cash Rewards Credit Card does not offer.

Capital One® Savor® Cash Rewards Credit Card overview

    • 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 January 2022.
    • 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
  • Credit needed:
    680 850
    Excellent/Good
  • Extended warranty
  • Travel accident insurance
  • Special access to culinary, music and sporting events
  • Complimentary concierge service for dining, entertainment and travel

Intro Purchase APR

N/A

Intro BT APR

N/A

Annual Fee

$95

Regular Purchase APR

15.99% - 24.99% (Variable)

Cash Advance Fee

3% of the amount of the cash advance, but not less than $10

Foreign Transaction Fee

0%

Balance Transfer Fee

$0

Pros and cons of the Capital One® Savor® Cash Rewards Credit Card

Pros

  • Sign-up bonus
  • Generous rewards rate on dining/entertainment
  • 0% foreign transaction fee

Cons

  • Annual fee
  • High minimum spend requirement to earn sign-up bonus
  • No intro APR

What we like about the Capital One® Savor® Cash Rewards Credit Card

  • Cashback rewards rate on dining/entertainment

    The Capital One® Savor® Cash Rewards Credit Card offers a very generous cashback rate on dining and entertainment purchases, with no limits on how much you can earn. Earn unlimited 4% cash back on dining, entertainment & popular streaming services, plus 3% at grocery stores.

    Here are the types of dining establishments where you can earn the higher rewards rate with the Capital One® Savor® Cash Rewards Credit Card: Restaurants, cafes, bar, lounges, fast-food chains and bakeries.

    For the entertainment category, these types of purchases also qualify for the higher rewards rate: Movie tickets, sports events, theater tickets, amusement parks, tourist attractions, aquariums, dance halls, record stores, pool halls and bowling alleys. Plus, Capital One® Savor® Cash Rewards Credit Card cardholders can earn 8% cash back on all Vivid Seats ticket purchases through January 31, 2022.

    Grocery purchases at these types of establishments also earn a higher rewards rate: supermarkets, meat lockers, dairy products stores, specialty markets.

    Your cash back doesn’t expire as long as your account is open, and can be redeemed in any amount.

  • Sign-up bonus

    New Capital One® Savor® Cash Rewards Credit Card cardholders can earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening. While generous, this is a high spending requirement, so make sure you’ll be able to meet that before applying.

What to watch out for with the Capital One® Savor® Cash Rewards Credit Card

  • Annual fee

    The annual fee for the Capital One® Savor® Cash Rewards Credit Card is $95. You’ll have to spend $2,375 a year on purchases earning 4% cash back to recoup the amount of the fee.

    A no-annual-fee credit card earning 3% cash back on the same purchases would net $71.25 in cash back.

    The tipping point for where you start earning more despite the annual fee is at around $10,000 spent on purchases that earn 4%. After subtracting the annual fee, the Capital One® Savor® Cash Rewards Credit Card nets $305 in cash back, while a card earning 3% with no annual fee would net $300.

  • No intro APR

    Some competing cashback cards, such as the Chase Freedom Flex℠, offer an introductory 0% APR for over a year to new cardholders. The Capital One® Savor® Cash Rewards Credit Card does not currently offer an intro APR for purchases or balance transfers.

Alternate cashback card to the Capital One® Savor® Cash Rewards Credit Card

Compare it to the Chase Freedom Flex℠

Disclosures |
Chase Freedom Flex℠
Chase Freedom Flex℠
on Chase's secure site
0% Intro APR on Purchases for 15 months
14.99% - 23.74% Variable
$0
Earn 5% cash back on eligible purchases in rotating categories, 5% on
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Earn 5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.
  • No annual fee.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 - 23.74%.
  • No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open.
680 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

If you’d rather avoid an annual fee, but still earn a generous cashback rate on dining out, it may be worth checking out the Chase Freedom Flex℠.

The Chase Freedom Flex℠ has a $0 annual fee that allows you to earn 5% cash back on eligible purchases in rotating categories, 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases.. Plus, the sign-up bonus spending requirement is really low: earn a $200 bonus after you spend $500 on purchases in your first 3 months from account opening. and earn 5% cash back on grocery store purchases (not including target® or walmart® purchases) on up to $12,000 spent in the first year.

In addition, Chase Freedom Flex℠ cardholders are treated to a long intro APR on purchases: 0% Intro APR on Purchases for 15 months, after which an APR of 14.99% - 23.74% variable will apply.

Other nice perks of the Chase Freedom Flex℠ include:

  • Rewards can be redeemed for travel via Chase Ultimate Rewards
  • Cell phone insurance
  • Rental car insurance
  • Earn 5% back on Lyft rides through March 2022
  • Complimentary DashPass subscription for 3 months

Compare the Capital One® Savor® Cash Rewards Credit Card to similar cards

Comparison of four different credit cards
Capital One<sup>®</sup> Savor<sup>®</sup> Cash Rewards Credit Card Capital One SavorOne Cash Rewards Credit Card Chase Freedom Flex℠ Capital One Quicksilver Cash Rewards Credit Card
Capital One® Savor® Cash Rewards Credit Card Capital One SavorOne Cash Rewards Credit Card Chase Freedom Flex℠ Capital One Quicksilver Cash Rewards Credit Card
Read Review
Apply Now
on Capital One's secure site
Apply Now
on Chase's secure site
Apply Now
on Capital One's secure site
Welcome Offer
Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year. One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
Rewards Rate
Earn unlimited 4% cash back on dining, entertainment & popular streaming services, plus 3% at grocery stores. 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. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023 Earn 5% cash back on eligible purchases in rotating categories, 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases. 1.5% Cash Back on every purchase, every day
Annual Fee
$95 $0 $0 $0
Intro Purchase APR
N/A 0% intro on purchases for 15 months 0% Intro APR on Purchases for 15 months 0% intro on purchases for 15 months
Regular APR
15.99% - 24.99% (Variable) 14.99% - 24.99% (Variable) 14.99% - 23.74% Variable 14.99% - 24.99% (Variable)
Recommended Credit
Excellent/Good Excellent/Good Excellent/Good Excellent/Good
Card Details
Capital One® Savor® Cash Rewards Credit Card Capital One SavorOne Cash Rewards Credit Card Chase Freedom Flex℠ Capital One Quicksilver Cash Rewards Credit Card

Is the Capital One® Savor® Cash Rewards Credit Card right for you?

Whether or not the Capital One® Savor® Cash Rewards Credit Card is the right card for your wallet depends on your spending habits. If you frequently dine out, order in, and hit up entertainment events (such as movies and sporting events), the Capital One® Savor® Cash Rewards Credit Card can reward you handsomely. If you spend in those categories but not enough to recoup the annual fee, however, you might prefer the Capital One SavorOne Cash Rewards Credit Card or the Chase Freedom Flex℠.

To put things simply, the Capital One® Savor® Cash Rewards Credit Card is only worth it if you spend $10,000 or more per year on dining and entertainment. Those who spend less than that can actually net more cash back with a card that earns 3% and charges no annual fee.

The information related to the Capital One® Savor® Cash Rewards Credit Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.