Capital One Savor Cash Rewards Credit Card review

Be rewarded for dining out AND shopping at eligible grocery stores. With a sweet bonus opportunity and top-shelf rewards, this no-annual-fee card is designed with foodies in mind so you can try out that new restaurant in town.

Written by
Brooklyn Lowery
Edited by
Jennifer Doss
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Key Features

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Editor Analysis:

Pros
  • Not only is there no annual fee and no foreign transaction fees, but there is an introductory 0% interest rate on purchases and balance transfers for the first 15 months (then, RegAPR; balance transfer fee applies).
  • The cash-back rewards can add up fairly quickly without too much effort. The rewards won't expire for the life of the account, and there is no cap on how much you can earn.
  • You can earn a tasty one-time $250 cash bonus after spending just $500 in the first three months after opening your account.
Cons
  • This is an excellent no-annual-fee card for people whose spending is largely on food, whether dining out or shopping at eligible grocery stores. If that isn't you, you'll want to search for a cash-back card with higher earn rates in other categories. See Rates and Fees
ALTERNATE CARD TO CONSIDER

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If you love food (and admit it, you know you do), the card_name is a card you could really sink your teeth into. This card was designed with foodies and people with hefty grocery bills in mind with rewards earned on dining out, entertainment, and grocery purchases (excluding at superstores like Target and Walmart).

There are no rotating categories or sign-ups needed to earn cash rewards, cash back won’t expire for the life of the account, and there’s no limit to how much you can earn.

Plus, this card also offers 0% introductory APR for purchases and balance transfers made in the first 15 months (then, RegAPR; balance transfer fee applies), so it’s a great option if you’ve got a large purchase on the horizon, or an existing credit card balance, and need a bit of extra time to pay it off. See Rates and Fees

Capital One Savor rewards

With the card_name 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; and 1% Cash Back on all other purchases. (terms apply). 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 CardName even offers an appetizer in the form of $250 cash-back bonus when you spend $500 in the first three months after you open your account. Anyone with children, in particular, knows how quickly you can spend $500 at grocery stores or on restaurant outings alone. Or if you just 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 CardName 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). Or just redeem your rewards on a whim in any amount you’d like as a statement credit or check.

Capital One Savor annual fee

Have we mentioned the card_name annual fee yet? No? That’s because there isn’t one (See Rates and Fees). That’s right. Unlike other rewards cards which charge annual fees for the privilege of being a cardholder, Capital One isn’t going to make you pay just to have this card in your wallet.

Capital One Savor foreign transaction fee

One valuable perk of the card_name is that it doesn’t charge foreign transaction fees. Other cards may assess a fee that can tack on as much as 3% to your total bill if you pay in a foreign currency. However, foreign transactions come at no additional cost with this card.

While you can find plenty of other cards offering this benefit, many of those charge annual fees. The Capital One Savor card is notable because it doesn’t charge an annual fee and still allows customers to make foreign transactions without it costing extra. That means foodie travelers can enjoy biryani in India, pastries in France and kimchi in Korea without supplemental fees. Plus, with the card’s rewards program, there’s cash back earned on every meal. See Rates and Fees

Potential downsides of the Capital One Savor card

If you are a person who tends to carry a substantial balance on your card, remember that the APR will jump to RegAPR after the 15-month 0% interest intro period; paying interest at that rate will dull the flavor of your cash-back rewards for sure. See Rates and Fees

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

How do cardholders rate the Capital One Savor card?

CardRatings conducts a survey annually to learn what actual cardholders think of their cards. Here are the results for the Capital One Savor card:

  Current Scores Past Scores
Overall Score 79.2 84.5
Features Satisfaction 8 8.4
Customer Service 7.5 8.4
Website/App Usability 8.8 9
Likelihood of Continuing to Use 8.7 8.5
Recommend to a Friend/Colleague 7.5 8.4
Scores above reflect the results of surveys with actual cardholders. Full methodology below.

How does the Capital One Savor card compare to other cards?

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CardName vs. CardName

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If straightforward rewards earning is your forte, the CardName is worth your consideration. This card earns 5% cash back on travel purchased through Chase Travel℠, Chase’s premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service; and 1.5% on all other purchases. Plus, you can earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That’s 6.5% on travel purchased through Chase Travel, 4.5% on dining and drugstores, and 3% on all other purchases.

This card is able to provide all of this value with no annual fee.

CardName vs. card_name

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If you are looking for a more premium option, this could be a good card to consider. Though it charges a annual_fees annual fee, the card_name offers a lot for that cost. See Rates and Fees; American Express is a CardRatings advertiser.

The card_name offers 4X points per dollar spent on purchases at restaurants worldwide (on up to $50,000 in purchases per calendar year), then 1X point; 4X points per dollar spent at U.S. supermarkets (on up to $25,000 in purchases per calendar year) then 1X point; 3X points per dollar spent on flights booked directly with airlines or on AmexTravel.com; 2X points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com; and 1X point per dollar spent on all other eligible purchases. Additionally, for a limited time, new cardholders can earn 60,000 points once spending $6,000 on eligible purchases in the first six months of card membership.

Finally, you can’t overlook the card’s dining credit perk. This card comes with a $120 dining credit— a total of $10 in statement credits monthly when you pay with your card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys (enrollment required). If you regularly dine at any of these establishments, the annual fee could be worth it.

Is the Capital One Savor a good credit card?

The card_name is designed for people who spend a good deal of money on food, either dining out or at eligible grocery stores. If you dine out frequently, have a big family or enjoy gourmet foods, this is the card for you. If you’re looking for a great no-annual-fee option and 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 $250 cash bonus. See Rates and Fees

The CardName 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.

Frequently asked questions

According to Capital One, you'll need excellent credit to be approved for the card_name. Definitions of excellent credit can vary, but credit agency Experian says those with excellent credit usually have FICO scores of at least 800. Please note that this number can vary between different bureaus. However, your credit score isn't necessarily the only thing being considered during an application review. Capital One may look at other factors from your credit history in determining your eligibility.
Yes, if you spend a good deal of money on food, either dining out or at eligible grocery stores, the Capital One Savor credit card is a good card. If you dine out frequently, have a big family or enjoy gourmet foods, this is a great card option to consider.

Our Methodology

Survey methodology: CardRatings commissioned Op4G in September 2023 to conduct surveys among 1,869 cardholders nationwide. CardRatings website analytics from Jan. 1, 2023-Aug. 31, 2023 were used to determine a selection of the most popular cards and additional cards were included 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. Current Scores reflect scores from the most recent survey (2023); “Past Scores” reflect scores from the 2022 survey.

Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.


This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.


For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

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