Updated May 22nd, 2018

The Capital One® Savor® Cash Rewards Credit Card is a great card for foodies. It offers 3% cash back when dining out and 2% back when shopping at grocery stores to re-create meals at home. Cardholders can feel free to explore the foods of the world with no foreign transaction fees. And on top of it all, there’s no annual fee for the Capital One® Savor® Cash Rewards Credit Card.

Capital One® Savor® Cash Rewards Credit Card
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  • $0 annual fee
  • 3% cash back on dining, 2% on groceries
  • 0% intro APR
  • $150 sign-up bonus
  • No foreign transaction fees


  • Short 0% APR offer period

What we like about Capital One® Savor® Cash Rewards Credit Card

  • Up to 3% cash back -- Cardholders can earn 3% cash back on dining, 2% on groceries, and 1% everywhere else. There are no limits to how much cash back you can earn from bonus categories.
  • No foreign transaction fees -- People usually spend more at restaurants while on vacation, but you don’t want your bonus cash back to get wiped out by a pesky foreign transaction fee. The card doesn’t charge a foreign transaction fee, so you can dine out worry-free.
  • $150 sign-up bonus -- Qualifying cardholders earn a sign-up bonus of $150 after spending $500 on purchases within three months of account opening.
  • Easy cash-back redemption -- There aren’t any hoops like minimum redemption values to jump through to get your cash-back rewards, and rewards never expire. Simply go online to request a check, or statement credit, whenever you want.
  • 0% intro APR -- Capital One® Savor® Cash Rewards Credit Card includes a 0% intro APR for 15 months, for both purchases and balance transfers. A standard 3% fee is charged for each transfer within the first 15 months.  

What could be improved for Capital One® Savor® Cash Rewards Credit Card

  • Longer 0% intro APR -- The 0% APR offer is competitive with other cash-back credit cards, but some offers stretch as long as 18 months. If paying down debt is a high priority and you have at least good credit, we suggest reviewing our picks for the best balance-transfer credit cards.

How to best use Capital One® Savor® Cash Rewards Credit Card

  • You will generally be better off paying balances by the due date every month to avoid interest charges. It’s a losing strategy to rack up debt for the sake of earning rewards at single-digit rates, only to watch as they get eaten up by far higher double-digit interest charges.
  • Transfer high-interest credit card debt to chip away at debt balances faster. We Fools always encourage smart use of debt, and transferring balances to a 0% intro APR card can help avoid costly interest charges. In fact, paying down a hypothetical $5,000 balance over 9 months will cost $343 in interest charges at an 18% APR.
  • Consider using a flat-rate cash-back credit card in tandem with this card to improve overall cash-back rewards. Capital One® Savor® Cash Rewards Credit Card earns just 1% on spending outside of dining and groceries. Pairing it with a card that earns more than 1% everywhere else will help you earn even greater rewards. Review our picks for the best cash-back credit cards for some cards offering 1.5% or more cash back everywhere.

Spend more on gasoline than take-out?

If you’d rather drive to a friend’s house for dinner than meet up at a restaurant, you might do better with Bank of America® Cash Rewards Credit Card: It earns 3% at gas stations, 2% at grocery stores and at wholesale clubs (on up to $2,500 of combined bonus-category spending each quarter). What’s more, cardholders banking with Bank of America can earn a 10% to 75% bonus on cash back through its Preferred Rewards program. Read our full Bank of America® Cash Rewards Credit Card review to learn more.

Earn up to 5% at restaurants

If you’re willing to confine your restaurant spending to one quarter and $1,500 per year, you can get up to 5% cash back with the Discover it® - Cashback Match™. The card offers rotating categories every quarter that earn 5% (cardholders must activate), and restaurants tend to make the list at least once per year. Previous categories have also included wholesale clubs and gas stations. On top of that, at the end of your first year of being a cardholder, Discover will double all the cash back you earned during the year. Read our full Discover it® -  Cashback Match™ review for more.

Final take

For consumers who love to dine out, 3% unlimited cash back on all restaurant spending is tough to beat, especially with no annual or foreign transaction fees. The flexibility of redeeming rewards with no minimums means you won’t have to jump through hoops to get your cash back, either. If you prioritize dining out in your budget, Capital One® Savor® Cash Rewards Credit Card might deserve a spot in your wallet.

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