The Capital One Savor Cash Rewards Card Is Making A Big Splash

We Unpack The Rewards On This New Card From Capital One

Creditcards.org Team

| July 12, 2019

Cash In When Going Out With The Savor Cash Rewards Card

The Capital One® Savor® Cash Rewards Credit Card card is a fairly new contender in the premium credit card space that is quickly gaining popularity. The card has been upgraded from its previous offer and is one of the best dining, entertainment, and going-out cards on the market today.

First, let’s talk about the biggest sell point: a huge $300 after spending $3000 on purchases in the first 3 months. Once that threshold is met, that bonus will be credited to your account.

Capital One® Savor® Cash Rewards Credit Card

Earn a one-time $300 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 $300 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. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
    • 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:

  • 4% - Earn unlimited 4% cash back on dining and entertainment
  • 2% - Earn 2% at grocery stores
  • 1% - Earn 1% on all other purchases
  • 8% - Earn 8% cash back on tickets at Vivid Seats through May 2020

If you frequently go out to restaurants, cafes, bars, movie theaters, concerts and more, this card was meant for you.

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.

The Capital One® Savor® Cash Rewards Credit Card has a low annual fee: $0 intro for first year; $95 after that. That’s right; despite all the benefits, including the generous sign-up bonus, the fee is waived for the first year. If you spend $200 a month on dining and entertainment alone, your rewards will cover the annual fee when it kicks in during year two. Any spending above $200 coupled with the additional rewards tiers will be cash back savings in your pocket just for using the Capital One® Savor® Cash Rewards Credit Card.

Bottom Line

If you’re a frequent spender on dining and entertainment, this card is unbeatable. The huge sign-up bonus — $300 after spending $3000 on purchases in the first 3 months —  coupled with the cash back rewards categories 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 - $200 Cash Rewards Offer:

Bank of America® Cash Rewards credit card - $200 Cash Rewards Offer

No annual fee

Apply Now

Excellent/Good Credit Needed

Benefits & KEY FEATURES

    • No annual fee
    • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
    • Earn 3% cash back on gas or your choice of one of five other popular categories, 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
    • 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
    • No expiration on rewards
    • If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase

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Photo ©iStockphoto.com/andresr

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