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Apply online for Capital One® Savor℠ Cash Rewards Credit Card
About Our Ratings
Credit Needed
Excellent, Good

Capital One® Savor℠ Cash Rewards Credit Card Review

Pros & Cons

  • Not only is there no annual fee and no foreign transaction fees, but there is an introductory 0 percent interest rate on all purchases and balance transfers for the first nine months.
  • The cash-back rewards can add up fairly quickly without too much effort. The rewards never expire for the life of the account, and there is no cap on how much you can earn.
  • You can earn a tasty $150 cash bonus after spending just $500 in the first three months after opening your account.
  • There's a lot to like about this card, but if food isn't really a top spending category for you, you'll miss out on the top rewards.

Top Features

Cash Back on Gas
1%
Cash Back on groceries
2%
Cash Back on other
1%
Annual Fee
$0

Full Review

Brooklyn Lowery Site Editor

Capital One® Savor℠ Cash Rewards Credit Card Essentials

If you love food (and admit it, you know you do), the Capital One® Savor℠ Cash Rewards Credit Card is a card you could really sink your teeth into.

This new card was designed with foodies and people with hefty grocery bills in mind. You earn 3 percent cash back on restaurant purchases, 2 percent on groceries and 1 percent on all other purchases. As an added sweetener, there is no expiration on your rewards as long as your account is open and there's no limit on how much you can earn!

The Capital One® Savor℠ Cash Rewards Credit Card even offers an appetizer in the form of a $150 cash-bank bonus when you spend just $500 in the first three months after you open your account. Anyone with children, in particular, knows how quickly you can spend $500 on groceries or restaurant outings.

If you love dining out or have a taste for gourmet foods, the cash-back rewards can add up in a hurry.

If you like your rewards in the form of merchandise or travel miles, you may want to look at other card options; however, if you like cold, hard cash, this is a nice addition to your wallet.

When it comes to redeeming your rewards, the Capital One® Savor℠ Cash Rewards Credit Card makes it mouthwateringly simple. There is no enrollment needed and no rotating categories to keep track of. Best of all, you can set your account so that you automatically redeem your cash reward once a year or when it hits a certain threshold (as low as $25).

The Capital One® Savor℠ Cash Rewards Credit Card has a $0 annual fee and 0 percent introductory APR for all purchases and balance transfers for the first nine months (keep in mind there is a 3 percent fee for all balance transfers).

What Our Editors Like Most about the Capital One® Savor℠ Cash Rewards Credit Card

The Capital One® Savor℠ Cash Rewards Credit Card rewards program is as user-friendly as any credit card rewards program on the market. You earn 3 percent cash back on restaurant charges, 2 percent on groceries and 1 percent on all other purchases. No rotating categories. The reward redemption process is equally simple – just set your account to automatically redeem your reward annually. Or, if you prefer more frequent rewards, set your account to redeem the reward when the amount reaches a certain threshold, as low as $25. You can also choose how you'd like to receive your reward – a statement credit, check or gift card.

In the rewards credit card world it's rare to find a card that offers bonus rewards on both restaurant AND grocery store purchases; it tends to be one or the other. The Capital One® Savor℠ Cash Rewards Credit Card checks both boxes, which definitely caught our attention.

Who doesn't like easy money? The Capital One® Savor℠ Cash Rewards Credit Card one-time $150 cash bonus is remarkably easy to attain. Just use your card to pay for at least $500 in purchases in the first three months after you open your account. Remember that you'll also earn from 1-3 percent on your purchases getting you to that $500 threshold.

While the Capital One® Savor℠ Cash Rewards Credit Card doesn't offer travel miles as a reward, it has plenty of attractive features for frequent travelers. There are no foreign transaction fees, so you are automatically saving the 2-3 percent charged by some other cards. The card also offers complimentary concierge service, roadside assistance, car rental insurance, extended warranty, price protection, ID theft services, contactless card technology and emergency card services. If you plan to dine out frequently during your vacation or business trip, the Capital One® Savor℠ Cash Rewards Credit Card becomes an essential item to pack.

Potential Downsides of the Capital One® Savor℠ Cash Rewards Credit Card

If you are a person who tends to carry a substantial balance on your card, remember that the APR will jump to 15.74% - 24.49% (Variable) after that nine-month 0 percent interest intro period; paying interest at that rate will dull the flavor of your cash-back rewards for sure.

Additionally, if you like to accumulate miles for free travel or like to redeem your rewards for merchandise, this is likely not the card for you. It's technicially possible to redeem your rewards for things like merchandise and gift cards, but it's really designed as a cash-back card and the value of redemption changes when you start looking at merchandise and other redemption options.

How the Capital One® Savor℠ Cash Rewards Credit Card Compares to Other Cash-Back Cards

Capital One® Savor℠ Cash Rewards Credit Card vs. Blue Cash Everyday® Card from American Express

The Blue Cash Everyday® Card from American Express also offers $150 as an introductory bonus, but it comes in the form of a statement credit and you have to make $1,000 in qualifying purchases in the first three months, rather than $500 to earn the bonus with the Capital One® Savor℠ Cash Rewards Credit Card, in order to earn it.

When it comes to grocery purchases, the Blue Cash Everyday® Card from American Express offers 3 percent cash back at U.S. supermarkets (up to $6,000 spent annually), compared to 2 percent for Capital One card; however, the Blue Cash Everyday® Card from American Express only offers 1 percent back on restaurant purchases, compared to 3 percent for the Capital One card.

The Blue Cash Everyday® Card from American Express does offer you the chance to earn 2 percent back at U.S. gas stations and select U.S. department stores.

While neither card charges an annual fee, you will pay 2.7 percent of every foreign transaction with the American Express card. Furthermore, you'll only earn bonus rewards (the 3 percent at supermarkets and 2 percent at gas stations and select department stores) on the American Express card for purchases made in the United States.

The choice between these two likely comes down to how much you spend at restaurants and how often you travel abroad.

Capital One® Savor℠ Cash Rewards Credit Card vs. HSBC Cash Rewards Mastercard® credit card

Neither card charges an annual fee and both offer a $150 cash bonus after spending $500 within the first three months after opening your account.

Both cards offer a 0 percent introductory rate on balance transfers. The HSBC Cash Rewards Mastercard® credit card offers that rate for 15 months, compared to nine months for the Capital One card, but the Capital One® Savor℠ Cash Rewards Credit Card also offers that 0 percent rate on all purchases for the first nine months.

The Capital One® Savor℠ Cash Rewards Credit Card gives 3 percent cash back on restaurant purchases, 2 percent on groceries and 1 percent on all other purchases. The HSBC Cash Rewards Mastercard® credit card gives a flat 1.5 percent back on all your purchases.

Additionally, with the HSBC Cash Rewards Mastercard® credit card the bonus rewards keep coming, in that you'll earn a 10 percent loyalty bonus on your rewards each year after your account anniversary.

Capital One® Savor℠ Cash Rewards Credit Card vs. Chase Sapphire Preferred® Card

While the Capital One® Savor℠ Cash Rewards Credit Card offers a straight cash-back rewards program, the Chase Sapphire Preferred® Card operates on the Chase Ultimate Rewards® system, an extremely popular and flexible rewards program – especially if travel rewards is what you're after.

The Capital One® Savor℠ Cash Rewards Credit Card offers that 3 percent cash back on restaurant purchases, 2 percent on groceries and 1 percent on all other purchases; whereas, the Chase Sapphire Preferred® Card offers two times the points on travel purchases and dining at restaurants worldwide as well as one point per $1 spent on all other purchases. At first glance it looks like a lower rewards possibility, but if you redeem your points for travel through Chase Ultimate Rewards® they're worth 25 percent more.

The Capital One® Savor℠ Cash Rewards Credit Card offers a $150 cash bonus after $500 in qualifying purchases within the first three months after opening your account. The Chase Sapphire Preferred® Card, however, offers 50,000 bonus points after you spend $4,000 on purchases in the first three months from account opening. That equals $625 toward travel when you redeem through Chase Ultimate Rewards® thanks to that 25 percent redemption bonus. You can also earn 5,000 bonus points after you add the first authorized user and make a purchase in the first three months from account opening.

The Capital One card comes with no annual fee while the Chase Sapphire Preferred® Card waives the annual fee for the first year but charges $95 annually after that.

Who Should Get the Capital One® Savor℠ Cash Rewards Credit Card?

The Capital One® Savor℠ Cash Rewards Credit Card is designed for people who spend a good deal of money on food, either in restaurants or at the grocery store. If you dine out frequently, have a big family or enjoy gourmet foods, this is the card for you.

If you can see yourself spending at least $500 in the first three months, you can start to think about how you'd like to spend your one-time $150 cash bonus.

The Capital One® Savor℠ Cash Rewards Credit Card is well suited for people who like their rewards programs to be as simple as possible. There is no enrollment process and no rotating categories or complicated redemption process. Just set your account to your desired redemption preferences and start earning your rewards with each purchase.

This page was last updated on January 23, 2018

This card compared to other cash back cards

Cash Back on Gas
1%
1-5%
1.5%
Cash Back on Groceries
2%
1-5%
1.5%
Cash Back on other
1%
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
1.5%
Purchase Intro
APR:
0% intro on purchases
Period:
for 9 months
APR:
0%
Period:
14 months
APR:
0% intro on purchases
Period:
for 9 months
Purchase APR
15.74% - 24.49% (Variable)
13.24% - 24.24% Variable 
14.24% - 24.24% (Variable) 
Rates and Fees
CardRatings.com Editorial Staff

Capital One® Savor℠ Cash Rewards Credit Card details

Cash Back on Gas
1%
Cash Back on groceries
2%
Cash Back on other
1%
Purchase Intro
APR:
0% intro on purchases
Period:
for 9 months
Purchase APR
15.74% - 24.49% (Variable)
Annual Fee
$0

What Capital One says about this card

  • Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, 2% on groceries and 1% on all other purchases
  • 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
  • 0% intro APR on purchases for 9 months; 15.74%-24.49% variable APR after that
  • 0% intro APR on balance transfers for 9 months; 15.74%-24.49% variable APR after that; 3% fee on the amounts transferred within the first 9 months
  • No annual fee
  • No foreign transaction fees

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Highlighted offers
Currently available on the Capital One® Savor℠ Cash Rewards Credit Card
$150 Cash Back
After you spend $500 on purchases within 3 months from account opening

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Apply online for Discover it® - Cashback Match™

Discover it® - Cashback Match™

  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
  • Earn 1% cash back on all other purchases.
  • INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • Use your rewards instantly at Amazon.com checkout.
  • No annual fee.
Credit Needed:
Excellent, Good
Apply online for Capital One® Quicksilver® Cash Rewards Credit Card

Capital One® Quicksilver® Cash Rewards Credit Card

  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • Use your Quicksilver card and get 50% back as a statement credit on your monthly Spotify Premium subscription, now through April 2018
  • 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
  • 0% intro APR on purchases for 9 months; 14.24%-24.24% variable APR after that
  • Balance transfers also have a 0% intro APR for 9 months; 14.24%-24.24% variable APR after that; a 3% fee applies to each balance transferred
  • Pay no annual fee or foreign transaction fees
Credit Needed:
Excellent, Good