Capital One Savor Cash Rewards Credit Card
Rating
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. 1% Cash Back on all other purchases.
The Capital One Savor Cash Rewards Credit Card offers an attractive cash back program with no annual fee, making it a popular choice for those who enjoy dining out, entertainment, and grocery shopping. This card combines generous rewards in popular spending categories with flexible redemption options.
Key Features
- Annual Fee: $0
- Welcome Bonus: $250 Cash Back after you spend $500 on purchases within 3 months from account opening
- Rewards Rate:
• 3% cash back on dining, entertainment, popular streaming services, and at grocery stores
• 5% cash back on hotels and rental cars booked through Capital One Travel
• 8% cash back on Capital One Entertainment purchases
• 1% cash back on all other purchases - Intro APR: 0% intro APR on purchases and balance transfers for 15 months (19.74% - 29.74% variable APR after that; balance transfer fee applies)
- Foreign Transaction Fees: None
Rewards and Redemption
The Savor card's rewards program is designed to cater to food and entertainment enthusiasts:
- Earning Cash Back: Cardholders earn 3% cash back on dining, entertainment, popular streaming services, and at grocery stores, with no caps or category restrictions
- Bonus Earning: 5% cash back on hotels and rental cars booked through Capital One Travel and 8% cash back on Capital One Entertainment purchases
- Redemption Options:
• Redeem for cash back as a statement credit or check
• Use rewards to cover recent purchases
• Redeem for gift cards or shop with rewards on Amazon.com
Cash back doesn't expire for the life of the account, and there's no minimum redemption amount.
Travel Benefits
While not primarily a travel card, the Savor offers some travel-friendly features:
- No foreign transaction fees, making it suitable for international use
- Travel accident insurance
- 24-hour travel assistance services
Additional Perks
The card also includes some valuable shopping protections:
- Extended warranty protection on eligible purchases
- Virtual card numbers for safer online shopping
Who Should Get This Card?
The Capital One Savor Cash Rewards Credit Card is ideal for:
- Those who frequently dine out or order in
- Entertainment enthusiasts who enjoy movies, concerts, and sporting events
- Consumers who spend significantly on grocery shopping and streaming services
- People who want to earn cash back without paying an annual fee
The Savor card offers a compelling rewards rate in popular spending categories without the burden of an annual fee. Its combination of dining, entertainment, and grocery rewards makes it a versatile choice for everyday use. The added travel benefits and shopping protections enhance its value, making it an attractive option for many consumers.
While it may not offer the highest overall cash back rate, its targeted bonus categories and user-friendly redemption options make it a strong contender in the cash back credit card space. It's particularly well-suited for those who want to maximize their rewards on food and entertainment expenses without the complexity of rotating categories or the cost of an annual fee.
Pros
Dining & entertainment rewards: Earn 3% cash back on dining, entertainment, popular streaming services, and grocery stores
No annual fee: Maximize your rewards earnings without an offsetting cost
Flexible redemption: Cash back can be redeemed as statement credits, checks, or to cover recent purchases with no minimum redemption amount.
Cons
Limited base rewards rate: Only 1% cash back on purchases outside of bonus categories
Potentially high APR: Variable APR can be high for those with a balance after the intro period
Requires good to excellent credit: May not be accessible to all applicants.
