Capital One Savor Cash Rewards for Good Credit Review: Great for Gourmets with Good Credit

The Capital One Savor Cash Rewards for Good Credit is worth it if you have good credit and want to earn a high rate of cash back on dining, groceries (excluding superstores like Walmart® and Target®), entertainment and streaming services. Your rewards don’t expire and can be redeemed for any amount. Plus, the card comes with a $0 annual fee, no foreign transaction fees and flexible redemption options.

But if you have good / excellent credit, you can apply for the higher-tier Capital One Savor Cash Rewards Credit Card. With this card, you’ll get the same great benefits and rewards, plus you can earn a valuable sign-up bonus and get an intro APR on purchases and balance transfers (see rates & fees). On the other hand, if you want something with more flexibility, a rotating or flat-rate cash back card might be a better option.

Not the right card for you? See the best cash back credit cards

• Generous cash back rewards

  With the Capital One Savor Cash Rewards for Good Credit, you’ll earn 3% Cash Back at grocery stores (excluding superstores like Walmart® and Target®), on dining, entertainment and popular streaming services, 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply), 8% Cash Back on Capital One Entertainment purchases, 1% Cash Back on all other purchases.

  These are very competitive earning rates on popular categories, making the Capital One Savor Cash Rewards for Good Credit one of the best cash back credit cards available. In the table below, you can see how it compares to other top picks:

  	Rewards earned per $1 spent*
  Capital One Savor Cash Rewards Credit Card	$0.023
  Capital One Savor Cash Rewards for Good Credit	$0.023
  Chase Freedom Flex℠	$0.022
  Wells Fargo Active Cash® Card	$0.020

  *Based on LendingTree’s value methodology

• Flexible redemption options

  The Capital One Savor Cash Rewards for Good Credit lets you redeem your rewards for any of the following:

  • Cash back (in the form of checks or statement credits)
  • Gift cards
  • Payment for PayPal or Amazon.com purchases
  • Tickets for sporting events, concerts and more through Capital One Entertainment
  • Travel through Capital One Travel

  And unlike some other rewards cards, the Capital One Savor Cash Rewards for Good Credit doesn’t have a minimum redemption amount for cash back. Further, your rewards won’t expire as long as your account is open and in good standing.

• No annual fee or foreign transaction fee

  The Capital One Savor Cash Rewards for Good Credit has a $0 annual fee, so you won’t have to pay to carry it. Plus, you won’t have to worry about a foreign transaction fee being tacked on each time you use the card abroad (see rates & fees).

• High interest rate

  The Capital One Savor Cash Rewards for Good Credit has a 29.99% (Variable) APR, which is well above the average credit card interest rate (see rates & fees). This means you could rack up some serious interest charges if you don’t pay your balance off each month.

  If you think you may carry a balance on your card, you should check out our list of the best low-interest credit cards.

• No intro APR

  Unlike its big sibling, the Capital One Savor Cash Rewards for Good Credit doesn’t offer an intro APR on purchases or balance transfers. The Capital One Savor Cash Rewards Credit Card, however, comes with a 15-month intro APR on both purchases and balance transfers (see rates & fees). This could net you over $1,200* in additional savings.

  *Based on LendingTree’s value methodology. Your savings will vary depending on account usage and behavior.
  A balance transfer fee applies for promotional rates that Capital One may offer.

• No sign-up bonus

  Unfortunately, the Capital One Savor Cash Rewards for Good Credit doesn’t come with a sign-up bonus. This brings down the card’s first-year value, which is notably lower than some of its competitors. For example, see how it compares to the Chase Freedom Flex℠:

  	Capital One Savor Cash Rewards for Good Credit	Chase Freedom Flex℠
  Annual rewards value*	$452	$441
  Sign-up bonus	None	Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
  Annual fee	$0 (see rates & fees)	$0
  First-year value*	$452	$641

  *Based on LendingTree’s value methodology

Capital One Savor Cash Rewards for Good Credit vs. Capital One Savor Cash Rewards Credit Card

If you have an excellent credit score, the Capital One Savor Cash Rewards Credit Card is a better option than the Capital One Savor Cash Rewards for Good Credit. You’ll get the same great rewards rate and benefits with the addition of the chance to earn a generous sign-up bonus and get a 15-month intro APR on purchases and balance transfers*. To top it off, the Capital One Savor Cash Rewards Credit Card comes with the same $0 annual fee as the stripped-down version (see rates & fees).

Capital One Savor Cash Rewards for Good Credit vs. Chase Freedom Flex℠

If you’re looking for a more flexible option, the aptly named Chase Freedom Flex℠ may be a better choice. This card pairs tiered rewards on everyday purchases with rotating 5% bonus categories. You’ll 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. Plus, earn 5% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases. You’ll also get a valuable sign-up bonus, an intro APR on purchases and balance transfers and solid purchase and travel protections — all for a $0 annual fee.

Capital One Savor Cash Rewards for Good Credit vs. Wells Fargo Active Cash^® Card

If the bonus categories for the Capital One Savor Cash Rewards for Good Credit don’t match up with your spending, you may want to consider a flat-rate cash back card. The Wells Fargo Active Cash^® Card could be a good option: It lets you earn unlimited 2% cash rewards on purchases, so you won’t have to worry about keeping track of categories or juggling multiple cards. It also comes with a $0 annual fee, an easy-to-earn sign-up bonus and intro APRs on purchases and balance transfers.

The Capital One Savor Cash Rewards for Good Credit is a great option for foodies and nightlifers with good — but not excellent — credit. It boasts a $0 annual fee and earns elevated rewards on dining, groceries and entertainment (see rates & fees). However, it lacks some of the valuable features found on other cash back cards, like a sign-up bonus and intro APR periods.

But if you have good / excellent credit, you should consider the more rewarding Capital One Savor Cash Rewards Credit Card. It comes with the same great rewards, the chance to earn a sign-up bonus, intro APR periods and a lower variable APR (see rates & fees). And if you’d like to earn bonus cash back on different categories, a rotating or flat-rate cash back card can offer even more value and flexibility.