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Capital One Savor® Cash Rewards Credit Card review: A card for foodies everywhere

Foodies rejoice! Finally a card that rewards you both for dining out and for experimenting in your own kitchen. This card offers an unlimited 4% cash back on your dining and entertainment purchases, 2% back on grocery purchases and 1% on your other purchases.
 CardRatings Senior Manager  | Updated

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Capital One® Savor® Cash Rewards Credit Card

This card is no longer available.
Our Rating:   
Excellent, Good

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.

CAPITAL ONE® SAVOR® CARD REWARDS

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. Plus, you can earn 5% cash back on Uber Eats until January 31, 2021.

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.

Top Features

 Cash Back on Gas
1%
 Cash Back on Groceries
2% at grocery stores
 Cash Back on Other
1%

CAPITAL ONE® SAVOR® CARD BENEFITS

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.

CAPITAL ONE® SAVOR® ANNUAL FEE

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...

CAPITAL ONE® SAVOR® CREDIT SCORE

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.

HOW THE CAPITAL ONE® SAVOR® CARD COMPARES TO OTHER CREDIT CARDS

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 3 points for every dollar spent on dining and travel (after earning your annual travel reimbursement) and 1 point per $1 spent on all other purchases.

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 50,000 bonus points after you spend $4,000 on purchases in the first three months from account opening (worth $750 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 Pre✔®; access to 1,000+ 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 50,000 miles offered (equal to $500 in travel) once you spend $3,000 on purchases within the first three months or a total of 100,000. miles if you spend $20,000 with your card in the first 12 months (worth $1,000 in travel). The Savor card only offers a $300 cash-back bonus after $3,000 on purchases within three months of account opening.

IS CAPITAL ONE® SAVOR® A GOOD CARD?

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.

Capital One® Savor® Cash Rewards Credit Card Compared to Other Cash back Cards

Cash Back on Gas
1% 
Cash Back on Gas
3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). 
Cash Back on Gas
1.5% 
Cash Back on Gas
1% when you buy plus 1% as you pay 
Cash Back on Gas
1.5% 
Cash Back on Groceries
2% at grocery stores 
Cash Back on Groceries
6% at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) 
Cash Back on Groceries
5% cash back on grocery store purchases (not including Target(R) or Walmart(R) purchases) on up to $12,000 spent in the first year. 
Cash Back on Groceries
1% when you buy plus 1% as you pay 
Cash Back on Groceries
1.5% 
Cash Back on other
1% 
Cash Back on other
1% cash back on other purchases 
Cash Back on other
1.5% 
Cash Back on other
1% when you buy plus 1% as you pay 
Cash Back on other
1.5% 

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