The Capital One Savor Card Is Making A Big Splash

We Unpack The Rewards On This New Card From Capital One

Creditcards.org Team

| January 15, 2019

Cash In When Going Out With The Savor Card

The Capital One Savor card is a new contender in the premium credit card space and it is quickly gaining popularity. The card has been upgraded from its previous offer and is arguably the best dining, entertainment, and going-out card on the market today.

First, let’s talk about the biggest sell point: a huge $500 cash rewards sign up bonus. This is earned when you use your new Savor card on $3,000 of purchases in the first 3 months of opening the account. Once that threshold is met, that bonus will be credited to your account.

Capital One® Savor® Cash Rewards Credit Card

Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening

Apply Now

Excellent/Good Credit Needed

Benefits & KEY FEATURES

    • Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
    • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
    • Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
    • 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
    • $0 intro annual fee for the first year, $95 after that

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Rewards

The rewards rate is very generous with unlimited 4% cash back on dining and entertainment, 2% cash back at grocery stores, and 1% on all other purchases. If you frequently go out to restaurants, cafes, bars, movie theaters, concerts and more, this card was specifically designed for you.

Additionally, Capital One has recently partnered with Postmates to offer Savor cardholders a compelling reward. Use your Savor card to sign up for monthly Postmates Unlimited and get your membership fee covered through December 2019. That means $0 delivery fees on orders over $15 and never pay for blitz pricing or minimum basket fees.

There is an annual fee of $95 for the Savor card, but it is waived for the first year. If you spend more than $200 a month on dining and entertainment alone, your rewards will cover the annual fee. Any spending above $200 coupled with the additional rewards tiers will be cash back savings in your pocket just for using the Savor card.

 

Bottom Line

If you’re a frequent spender on dining and entertainment, this card is unbeatable. The huge $500 sign up bonus coupled with the 4% cash back rewards category make this card a must have for those looking to cash in on going out.

 

Looking for a no annual fee cash back card with an easy to achieve sign up bonus? Consider the Bank of America® Cash Rewards® credit card:

Bank of America® Cash Rewards credit card - $150 Cash Rewards Offer

No annual fee

Apply Now

Excellent/Good Credit Needed

Benefits & KEY FEATURES

    • No annual fee
    • $150 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening
    • NEW OFFER: Maximize your cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement /furnishings
    • Now earn 3% cash back in your choice category and 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and unlimited 1% on all other purchases
    • You can update your choice category for future purchases once each calendar month using the Mobile banking app or Online banking, or do nothing and it stays the same.
    • No expiration on rewards
    • 0% Introductory APR for 12 billing cycles for purchases AND for any balance transfers made in the first 60 days, then, 16.24% - 26.24% Variable APR. 3% fee (min $10) applies to balance transfers
    • If you're a Preferred Rewards client, you can get a 25% - 75% rewards bonus on every purchase

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Photo ©iStockphoto.com/andresr

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