This Underrated Card Earns 3X on Dining With No Annual Fee

My family eats out more than we probably should. I hate to admit it but with two little kids my wife and I are giving in to the "we're too tired to cook" splurge more often than not. And all that dining spending adds up fast.

For households that spend a lot on food, a card like the Capital One Savor Cash Rewards Credit Card (see rates and fees) can help out big time. It earns unlimited 3% cash back on dining, including restaurants, takeout, and food delivery -- all with no annual fee.

For people who love food, it's an underrated gem.

This card was made for foodies

The Capital One Savor card has a reward system centered around food and fun.

Whether you're into local restaurants, sushi nights, food trucks, or streaming a show while eating leftovers, this card rewards you for all of it.

Here's what it offers:

• 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®)
• 1% cash back on all other purchases
• $0 annual fee (see rates and fees)
• Earn a $200 cash bonus after you spend $500 on purchases within 3 months from account opening
• 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel
• 8% cash back on Capital One Entertainment purchases
• Intro APR offer: Get 0% intro APR for 12 months on purchases and balance transfers; a regular ongoing 18.49% - 28.49% (Variable) APR applies after

It's a card that fits naturally into most food budgets, even if most of those meals are made at home.

Earn $800+ a year on food spending

Food is one of the biggest monthly expenses for many households. When you combine groceries, dining out, and the occasional delivery order, it's not hard for a large family to spend around $2,000 per month on food-related stuff.

With a card like the Capital One Savor, that kind of spending could earn around $720 a year in cash back, just from food (calculated as $2,000 in monthly dining × 3% cash back × 12 months). Throw in another $1,000 a month in everyday spending at a 1% cash back rate, and that's another $120 back annually ($10 per month).

That means a total $840 in rewards a year, without doing anything extra. And that's not even counting the welcome bonus, which is super easy to hit.

For a no-annual-fee card, that's a pretty sweet deal.

How to earn the welcome bonus

Right now, new cardholders can earn a $200 cash bonus after spending just $500 in the first 3 months.

That's a very low spending hurdle, especially if you're using the card for dining. Two dinners out and a grocery run, and you're basically there.

Turn everyday food spending into cash back

If you're like my family and food is one of your biggest monthly expenses, this card gives you a simple way to earn something back.

You're already spending the money. With the Capital One Savor (see rates and fees), you can start turning those everyday food purchases into cash rewards, all without paying an annual fee or changing how you live.

Check out our full Capital One Savor Cash Rewards Credit Card review to see if it fits your spending style.