Capital One Savor® Cash Rewards Credit Card review: A card for foodies everywhere
Capital One® Savor® Cash Rewards Credit Card
CardRatings Editor's Analysis: Pros & Cons
- You'll be handsomely rewarded – to the tune of 4% cash back – on your dining out purchases (also your entertainment purchases). Perfect for on-the-go families and foodie singles alike.
- You also earn 2% back on your grocery store purchases and 1% on all your other purchases. There's no cap on what you can earn and rewards won't expire for the life of the account.
- Feel free to take this card on your next global food tour – you won't be charged foreign transaction fees.
- There's a lot to like about this card; but if food or entertainment aren't really top spending categories for you, you'll miss out on the top rewards.
TABLE OF CONTENTS
- Capital One® Savor® Card Rewards
- Capital One® Savor® Card Benefits
- Capital One® Savor® Annual Fee
- Capital One® Savor® Credit Score
- Capital One® Savor® Cardholder Scores
- How the Capital One® Savor® Card Compares to Other Credit Cards
- Is Capital One® Savor® a Good Card?
Did your tastebuds tingle when you heard the name of this credit card? If so, you're in the right review. The Capital One® Savor® Cash Rewards Credit Card is a dream come true for foodies and their comrades who enjoy a night out on the town.
Rewards are not limited to restaurants. Rather, dining and entertainment venues are included as well. This card even opens up opportunities for cardmember-only entertainment events such as concerts, meet-and-greets, and sporting events.
One of the biggest rewards of this card is the $300, one-time cash-back bonus the Capital One® Savor® Cash Rewards Credit Card offers after you spend $3,000 on purchases in the first three months of your account being open. That reward is enough to cover at least a few meals out with friends!
On top of that initial reward, Capital One® Savor® Cash Rewards Credit Card members earn 4% back on dining and entertainment, 2% back on grocery purchases, and 1% back on everything else.
Did we mention access to special events such as a family-style meal and mingling with Neil Patrick Harris and David Burtka? Use your Capital One® Savor® Cash Rewards Credit Card to purchase your tickets to this cardmember-only event and you can enjoy that evening knowing you're earning 4% cash back just to brush shoulders with an amazing couple and enjoy a delicious meal.
- No fees whatsoever. No late fee, foreign transaction fee, annual fee, or any-other-kind-of-fee, fee.
- Variable APRs range from 13.74% - 27.74%
- Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments.
- 1% cash back on eligible purchases right away
- 2% - 10% cash back at select merchants
- $300 - $10,000 credit limits
- No credit score? No problem. If eligible, we'll create your Cash Score instead.
- See if you're pre-approved within minutes without impacting your credit score.
- Build credit alongside hundreds of thousands of Petal card members.
- Petal reports to all 3 major credit bureaus.
- No deposits required
- Card issued by WebBank, Member FDIC
Simmering succotash, do we love this card! Not only do you earn $300 cold, hard cash back after spending just $3,000 in your first three months as a new cardholder, you also get rewarded for eating delicious food. It doesn't get much better than that.
So many cards these days are targeted toward traveling in general— hotel discounts, airfare discounts, rental car discounts— but what's the one thing everyone has to do every day to survive? Eat! With the Capital One® Savor® Cash Rewards Credit Card, cardmembers can enjoy meals at dining establishments, a night out of entertainment, or a smorgasbord in their own home— all with 4% or 2% cash back. There are no foreign transaction fees with this card either, so whether you want Chinese takeout from your favorite neighborhood joint, or authentic Chinese food in the streets of Beijing, this card is great for either option.
Oh, and did we mention the complimentary concierge service? Cardmembers get personalized assistance in dining, entertainment, and travel— 24 hours a day, 365 days a year. With service like this, how can you help but feel you're the creme de la creme?
And on top of all this, there are still the great benefits that you'll find with many Capital One cards, such as extended warranty, no foreign transaction fees, travel accident insurance, instant purchase notifications, and more.
The Capital One® Savor® Cash Rewards Credit Card, though chock-full of benefits and bonus rewards, might not be beneficial if you're not someone who plans their day and vacations around the best food and drink in the area. If you long for mouth-watering meals and an accompanying libation, you won't be disappointed with your return, and the fee is waived for the first year, so that definitely helps. If, however, eating out isn't something you do very often, the annual fee might not be worth it.
Let's not overlook the entertainment side of this card though. Maybe you don't eat out a ton, but you attend a lot of sporting events, go to the movie theater or to broadway shows often, spend significant time visiting amusement parks, museums, aquariums, zoos, etc.— these things earn 4% too. And then there's the 2% earned on grocery store purchases to think about as well...
Only you can determine if your lifestyle makes the fee worth it, but think of it this way: it takes just $2,400 spent each year on dining and entertainment purchases, or a tad less than $5,000 on groceries, to offset the annual fee. Say you spend $100 a month on dining out/entertainment, a price many spend on just one day/evening of fun, and $200 a month on groceries, which is well below the monthly grocery average for many households, you'll offset the annual fee. And that's not even including the 1% you'll earn on all "other" purchases...
You'll need excellent credit if you want to add the Capital One® Savor® Cash Rewards Credit Card to your wallet. Per Capital One guidelines, that means you've never declared bankruptcy or defaulted on a loan, haven't been more than 60 days late on a payment and have had a credit card or loan with at least a $5,000 limit for three years or more. Capital One also states that "these are only guidelines to help you narrow your selection, and additional factors from your application and credit history will also be considered. You may meet these criteria and still be declined."
In terms of actual numbers, the credit bureau Experian says those with excellent credit usually have FICO scores of at least 800. Please note, however, that this number can vary between different bureaus.
|Current Scores||Past Scores|
|Rewards Program Satisfaction||8.6||8.7|
|Likelihood of Continuing to Use||8.9||9.0|
|Recommend to a Friend/Colleague||8.6||8.5|
Capital One® Savor® vs. Chase Sapphire Reserve®
For those that enjoy dining out, both the Capital One® Savor® Cash Rewards Credit Card and Chase Sapphire Reserve® are great options for a rewards credit card. Both cards earn bonus rewards on restaurants with the Savor card earning 4% cash back on dining and entertainment, 2% cash back on grocery purchases, and 1% earned on all other purchases. The Chase Sapphire Reserve® card earns 3X points for every dollar spent on dining and travel (after earning your annual travel reimbursement) and 1X point per $1 spent on all other purchases. Additionally, Reserve cardholders can earn 5X total points on air travel and 10X total points on hotels and car rentals when booked through Chase Ultimate Rewards® (after earning your annual travel credit).
The annual fee on the Savor card is waived the first year and $95 thereafter while the Chase Sapphire Reserve® has a $550 annual fee. The Chase Sapphire Reserve®, as a premium travel rewards card, does provide some incredible perks that you won’t find in the Savor card though, including 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening (worth $900 when redeemed for travel through Chase Ultimate Rewards®); a $300 travel credit for travel purchases charged to your card each account anniversary year; a $100 application fee credit for Global Entry or TSA PreCheck®; access to 1,300+ airport lounges worldwide with Priority Pass Select; and more.
Capital One® Savor® vs. Capital One Quicksilver Cash Rewards Credit Card
The Capital One® Savor® Cash Rewards Credit Card and Capital One Quicksilver Cash Rewards Credit Card are both excellent rewards earning credit cards offered by Capital One. The Savor card’s tiered rewards allow for more cash back to be earned in specific categories with 4% cash back on dining and entertainment, 2% cash back on grocery purchases, and 1% earned on all other purchases. However, for straightforward uncapped rewards earning, it’s hard to beat the 1.5% cash back earned by the Quicksilver card.
While the fee is waived the first year, the $95 annual fee on the Savor card is worth considering when compared to the no annual fee Quicksilver card. Both cards offer stellar perks including no foreign transaction fees, $0 fraud liability protection for unauthorized charges if your card is lost or stolen, and card lock which allows you to effortlessly lock your card with a few taps if it has been misplaced, lost or stolen.
Capital One® Savor® vs. Capital One Venture Rewards Credit Card
The Capital One® Savor® Cash Rewards Credit Card and Capital One Venture Rewards Credit Card have key differences that are worth considering before deciding which card is for you. If you are more of a foodie, the Savor card is a great option with 4% cash back earned on dining and entertainment, 2% cash back on grocery purchases, and 1% earned on all other purchases. For the travel minded, the Venture card earns 2 miles on every purchase, not just travel purchases, and miles can be redeemed for a variety of travel expenses including hotel accommodations, auto rentals and airfare.
The welcome bonus for the Venture card is higher with a one-time bonus of 75,000 miles once you spend $4,000 on purchases within three months from account opening, equal to $750 in travel. The Savor card only offers a $300 cash-back bonus after $3,000 on purchases within three months of account opening.
If "foodie" is a term you use to describe yourself, then absolutely, the Capital One® Savor® Cash Rewards Credit Card is a great card.
The best applicant for this card is a person who loves a good night out with delicious food or constant entertainment. This person will also enjoy intimate nights in with family and friends, creating their own culinary masterpieces, thanks to awards on groceries as well.
International travelers who enjoy a variety of culinary delights and excursions will also benefit from this card because of its standard Capital One benefits, including no foreign transaction fees.
Survey Methodology: CardRatings commissioned Op4G in September and October 2020 to conduct surveys among 1,746 cardholders nationwide. CardRatings website analytics from Jan. 1, 2020-Aug. 31, 2020 were used to determine a selection of the most popular cards and additional cards were added to add survey breadth. Responses to each of nine questions were given on a scale of 1-10 and respondents' scores were then averaged under broad topics. To determine the overall score, responses from questions 1-8 were summed and the answer to "How likely are you to recommend this card to a friend, coworker or family member?" was double weighted.
Capital One® Savor® Cash Rewards Credit Card Compared to Other Cash back Cards
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