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Capital One Savor card Review: Big Cash Back for Foodies and Frequent Diners

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Offer status

Capital One® Savor® Cash Rewards Credit Card is temporarily unavailable on The Ascent. All information was collected independently from the issuer. Some items may be out of date.

With the introduction of the Capital One® Savor® Cash Rewards Credit Card, which offers one of the highest cash-back rates for dining and entertainment out there, Capital One brought to market a leading cash-back card for dining, and more. That, plus a generous cash bonus, makes it tempting -- but the card does come with an annual fee. Is it worth it? Find out below in our detailed Capital One® Savor® Cash Rewards Credit Card review.

Great for: Dining and entertainment rewards

  • Unlimited bonus scash back on dining and entertainment makes this the ideal option for spending nights out on the town. Pair that with the big sign-up bonus and bonus back at grocery stores and you’ve got the ingredients for a top-rated rewards card.

    • Big sign-up bonus
    • Dining rewards
    • Entertainment rewards
    • Streaming services rewards
    • No foreign transaction fee
    • Annual fee
    • No intro APR offer
    • Earn a one-time $300 cash bonus after you spend $3,000 on purchases within the first 3 months from account opening
    • Earn unlimited 4% cash back on dining, entertainment, and for popular streaming services, earn 3% at grocery stores and 1% on all other purchases.
    • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
    • No foreign transaction fees
    • Capital One cardholders get access to premium experiences in dining, entertainment and more

Full Capital One Savor card review

This credit card is a good fit for: Cardholders who like to go out and spend quite a bit on dining and entertainment.

Top perks

Unlimited 4% cash back on dining, entertainments and streaming services: This is one of the highest cash-back rates out there on dining and entertainment, and it's unlimited. This means that for every $1,000 you spend on restaurant bills, bar tabs, concerts, sporting events, theme parks, and more, you'll get $40 back.

3% cash back at grocery stores: You'll also get 3% cash back on any purchases you make at supermarkets. Superstores like Walmart and Target are excluded.

$300 welcome bonus: If you can spend $3,000 in the first three months, you'll get a $300 cash bonus.

Flexible rewards redemption: Redeeming your cash back with the Capital One® Savor® Cash Rewards Credit Card is simple, and you can redeem any amount at any time. Many other competing cash-back credit cards have minimum redemption requirements.

No foreign transaction fees: If you ever travel abroad, it's important to have a credit card that won't charge you fees on every transaction you make.

Alternatives to consider

If you want a cash back card with no annual fee: The Discover it® Cash Back card earns 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum of $1,500 on purchases and when you activate. All other purchases earn 1% cash back.

If you want a card that earns big on groceries: On the other hand, if you spend a lot on groceries, you might want to consider the Blue Cash Preferred® Card from American Express, which earns 6% cash back at U.S. supermarkets on up to $6,000 per year and 3% cash back at U.S. gas stations (terms apply).

As of May. 17, 2022
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Discover it® Cash Back Blue Cash Preferred® Card from American Express
Apply Now for Discover it® Cash Back

On Discover's Secure Website.

Apply Now for Blue Cash Preferred® Card from American Express

On American Express' Secure Website.

Terms apply

Rates & Fees Rates & Fees

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Credit Rating Requirement:

Good/Excellent (670-850) Info Icon Circle with letter I in it.

Welcome Offer: Info Icon Circle with letter I in it.

Cashback Match

Welcome Offer: Info Icon Circle with letter I in it.

$300 statement credit

Rewards Program: Info Icon Circle with letter I in it.

1% - 5% Cashback

Rewards Program: Info Icon Circle with letter I in it.

1% - 6% cash back

Intro APR:

Purchases: 0% Intro APR, 15 months

Balance Transfers: 0% Intro APR, 15 months

Intro APR:

Purchases: 0%, 12 months

Balance Transfers: N/A

Regular APR:

12.24% to 23.24% Variable APR

Regular APR:

14.74%-24.74% Variable

Annual Fee:

$0

Annual Fee: Info Icon Circle with letter I in it.

$0 introductory annual fee for the first year, then $95.

Highlights:

  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back in any amount, any time. Rewards never expire.
  • NEW Intro APR: Get a 0% intro APR for 15 months on purchases. Then 12.24% to 23.24% % Standard Variable Purchase APR applies, based on credit worthiness.
  • No annual fee.
  • Click "APPLY NOW" to see rewards, FICO® Credit Score terms, Cashback Match™ details & other information.

Highlights:

  • Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.
  • $0 intro annual fee for the first year, then $95.
  • Buy Now, Pay Later: Enjoy $0 intro plan fees when you use Plan It® to split up large purchases into monthly installments. Pay $0 plan fees on plans created during the first 12 months after account opening. Plans created after that will have a monthly plan fee up to 1.33% of each purchase amount moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase, and other factors.
  • Low intro APR: 0% for 12 months on purchases from the date of account opening, then a variable rate, 14.74% to 24.74%
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • 6% Cash Back on select U.S. streaming subscriptions.
  • 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
  • 1% Cash Back on other purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
  • Terms Apply.
Apply Now for Discover it® Cash Back

On Discover's Secure Website.

Apply Now for Blue Cash Preferred® Card from American Express

On American Express' Secure Website.

Terms apply

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What could be improved

Annual fee: The $95 annual fee is definitely something to take into account. If you can't spend enough to make more than $95 in cash back, the card may not be worth it. However, there is a no-annual-fee version of this card, the Capital One SavorOne Cash Rewards Credit Card, if you're interested.

No 0% introductory APR offer: It's hard to ask for more perks with such a generous rewards rate and sign-up bonus, but an 0% intro APR offer on new purchases or balance transfers would make this card even more useful.

Find the best credit card for your needs

Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.

Suggested credit score

You should have good credit to apply for the Capital One® Savor® Cash Rewards Credit Card. This means that a FICO® Score of at least 670 will get you a good chance of receiving approval. The lower your credit score, the harder it will be to receive approval for this card. It's worth noting that no credit score will guarantee approval.

Is the annual fee worth it?

Determining the value of any rewards credit card will always depend on your spending habits. The Capital One® Savor® Cash Rewards Credit Card offers fantastic rewards for those who spend heavily on dining and entertainment and average rewards for heavy spending on groceries. The table below gives you an example of how various spending profiles can profit off of this credit card each year.

Total monthly spending Dining and entertainment Groceries Other spending Total monthly rewards Total annual rewards
$500 $75 $300 $125 $10.25 $123
$1,000 $250 $500 $250 $22.50 $270
$2,000 $500 $1,000 $500 $45.00 $540
$4,000 $1,000 $1,500 $1,500 $85.00 $1,020

As you'll notice from the table, it's not overly difficult to recover the $95 annual fee on the Capital One® Savor® Cash Rewards Credit Card. By spending $500 per month -- at least $75 of it on dining and entertainment and $300 on groceries -- you'll make $123 in annual rewards, pocketing $28 per year after paying the annual fee.

If you were to use your Capital One® Savor® Cash Rewards Credit Card for dining and entertainment purchases, you'd need to average at least $198 per month on dining and entertainment to recoup the $95 annual fee.

This credit card is right for you if:

The Capital One® Savor® Cash Rewards Credit Card is best for people who spend a lot of money on dining and entertainment, as an unlimited 4% is one of the best rates around. The big bonus makes the offer that much more enticing. But you'll want to make sure you spend enough to justify the annual fee, which is justifiable for many who dine out at least occasionally.

While the return on grocery spending is decent, there may be other grocery credit cards that can get you a higher return on supermarkets.

FAQs

  • The minimum credit limit for the Capital One® Savor® Cash Rewards Credit Card tends to be around $2,000. Credit limits as high as $30,000 have been self-reported by cardholders.

  • This card seems to be moderately easy to get for applicants with good to excellent credit. Some reports suggest that having too many recently opened credit accounts can cause you to be denied. However, Capital One doesn't have a published policy on an acceptable number of new accounts.

  • Yes, anecdotal evidence suggests that you can have two Capital One Savor cards at the same time. However, many reports indicate that you can only have two Capital One credit cards in total. This rule seems to exclude secured, business, and co-branded credit cards.

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