The Capital One Savor Cash Rewards Credit Card is a premium credit card designed for those who love to earn cash back on dining, entertainment, and everyday purchases.
With its generous rewards program and no annual fee for the first year, this card offers excellent value for foodies, entertainment enthusiasts, and anyone looking to earn rewards on their purchases.
The Capital One Savor Cash Rewards card is particularly appealing to individuals who frequently dine out or go to the movies and concerts, as it offers 5% cash back on dining, 4% cash back on entertainment, and 2% cash back on groceries.
About Capital One
Capital One Financial Corporation is one of the leading financial institutions in the United States, offering a wide range of banking products such as credit cards, auto loans, savings accounts, and mortgages.
Known for its innovative approach to banking and finance, Capital One offers customer-friendly services with a strong focus on digital banking, user experience, and security.
Who Is This Card For?
The Capital One Savor Cash Rewards Credit Card is perfect for:
- Food lovers and restaurant-goers: With 5% cash back on dining, including restaurants, takeout, and even bars, this card is ideal for people who frequently eat out.
- Entertainment enthusiasts: Offering 4% cash back on entertainment, such as movies, concerts, and live performances, this card is a great option for those who love experiencing different forms of entertainment.
- Grocery shoppers: You will earn 2% cash back on grocery store purchases, making it a great card for people who want to earn rewards on their everyday grocery runs.
- Consumers who prefer cash rewards: If you’re someone who values simple cash-back rewards instead of points or miles, this card is an excellent choice for you.
- Families: Since the card earns rewards in multiple categories, it’s also a great option for families who spend on food, groceries, and entertainment.
This card is particularly beneficial for those who spend frequently on dining and entertainment and want to earn cash-back rewards that are easy to redeem.
Card Benefits
The Capital One Savor Cash Rewards Credit Card comes with several attractive benefits that can help users make the most of their spending. Here are the main features and advantages:
- 5% Cash Back on Dining: One of the standout benefits of the Savor Cash Rewards Card is its 5% cash back on dining purchases, which includes restaurants, bars, cafes, and takeout. This is an excellent benefit for people who frequently eat out or enjoy ordering in.
- 4% Cash Back on Entertainment: The card offers 4% cash back on entertainment, which includes activities such as going to the movies, concerts, streaming services, theme parks, and more. This is perfect for individuals who enjoy spending time on entertainment and leisure activities.
- 2% Cash Back on Groceries: The 2% cash back on grocery store purchases is another solid benefit of the card, making it a good choice for those who frequently shop for food and household items.
- $300 Cash Bonus: As part of the welcome offer, you can earn a $300 cash bonus after you spend $3,000 in the first 3 months from account opening. This is a great way to earn some extra cash back when you first get the card.
- No Annual Fee for the First Year: The Capital One Savor Cash Rewards Card has no annual fee for the first year, making it a cost-effective option for those who are new to rewards credit cards or want to save money during the initial period.
- No Foreign Transaction Fees: This card comes with no foreign transaction fees, which makes it an excellent choice for international travelers who want to avoid additional costs when making purchases abroad.
Additional Benefits
In addition to the main benefits, the Capital One Savor Cash Rewards Credit Card also includes several extra perks:
- Extended Warranty Protection: Purchases made with the Savor Cash Rewards Card are eligible for extended warranty protection on eligible items, giving you added security for your purchases.
- Purchase Security: The card provides purchase security, which protects eligible purchases against theft or damage for a limited time after the purchase.
- 24/7 Customer Support: Capital One offers 24/7 customer support, ensuring that cardholders can get help whenever needed, whether it’s assistance with making a payment or resolving a fraud issue.
- Roadside Assistance: The card also includes roadside assistance for emergencies like flat tires, lockouts, or running out of gas, offering support in those unexpected situations.
Fees and charges
Late Payment: Up to $40;
â—Ź Introductory APR: 0% for 15 billing cycles;
â—Ź Standard APR: 19.24% - 29.24%;
â—Ź Cash Advance: Either $5 or 5% of the amount of each cash advance.
Expert review
The SavorOne Rewards from Capital One is an excellent choice for those who dine out frequently.
It offers 3% cash back on dining, entertainment, and popular streaming services, plus 1% on all other purchases.
With no annual fee and no foreign transaction fees, it’s a great value for everyday spending and travel.
However, its rewards rate is capped at 3% in certain categories, and it doesn’t offer premium benefits like airport lounge access, which some higher-end cards provide.
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+Positive points
- 3% cash back: Earn 3% cash back on dining, entertainment, and popular streaming services.
- No annual fee: Enjoy rewards without paying an annual fee.
- No foreign transaction fees: Ideal for international travel with no additional costs.
- 1% on all other purchases: Earn 1% cash back on every other purchase.
- Flexible redemption: Redeem your cash back as a statement credit, check, or gift cards.
- Negative points
- 3% category cap: The 3% cash back is limited to specific categories and may not suit all spending habits.
- No premium perks: It lacks high-end benefits like airport lounge access or travel insurance.
- Requires good credit: Approval typically requires a good to excellent credit score.