What type of credit card is the Capital One® Savor® Cash Rewards Credit Card?
The Capital One® Savor® Cash Rewards Credit Card is a cash-back credit card that offers bonus rewards for spending on dining, entertainment, streaming services, and groceries. While some cash-back credit cards have higher earning rates on everyday purchases, the Capital One® Savor® Cash Rewards Credit Card has some of the highest bonuses on dining and entertainment purchases, with no caps on the rewards you can earn. Capital One also offers travel rewards cards with attractive travel benefits and flexible rewards.
Is the Capital One® Savor® Cash Rewards Credit Card good?
Yes, the Capital One® Savor® Cash Rewards Credit Card is a good cash-back credit card for people that spend heavily on dining and entertainment. You’ll need to average approximately $800 per month in dining, entertainment, and streaming purchases to make it worthwhile to pay the $95 annual fee versus applying for the no-annual-fee version of this card.
What is the minimum credit limit for a Capital One® Savor® Cash Rewards Credit Card?
Capital One doesn’t publish minimum credit limits for the Capital One® Savor® Cash Rewards Credit Card. However, the card’s limit may be determined by its card network, Mastercard or Visa.
Is Capital One® Savor® Cash Rewards Credit Card a Visa or Mastercard?
Capital One issues credit cards from both Visa and Mastercard. The Capital One® Savor® Cash Rewards Credit Card can be a Visa or Mastercard, depending on which card you are approved. Based on your approved card, the actual credit card benefits may vary.
What credit score is required to get approved for a Capital One® Savor® Cash Rewards Credit Card?
To increase your chances of being approved for the Capital One® Savor® Cash Rewards Credit Card, you should have Excellent/Good credit. Good credit is defined as having a credit score of 680 or higher.
Is the Capital One® Savor® Cash Rewards Credit Card made of metal?
The Capital One® Savor® Cash Rewards Credit Card is one of the best metal credit cards for earning cash-back rewards. It has a stainless-steel veneer on the front half of the card, while the back half has a layer of plastic.
Capital One Savor One Cash Rewards Credit Card earns 3% cash back at grocery stores (previously 2%). In addition, both cards got a boost in rewards for eligible streaming services, to 4% and 3%, respectively. Previously, streaming services did not count as entertainment and were classified with “everything else,” earning just 1% back.
Bonus cash back on dining and entertainment
On both Savor cards, food-centric ongoing cash-back rewards are the stars of the show:
The Capital One Savor Cash Rewards Credit Card earns 4% cash back on dining, entertainment, and streaming services, 3% cash back at grocery stores, and 1% on all other purchases.
The Capital One SavorOne Cash Rewards Credit Card earns 3% cash back on dining, entertainment, streaming services, and grocery stores and 1% on all other purchases.
These bonus categories are especially tantalizing because Capital One’s definitions of “dining and entertainment” are relatively broad. According to the issuer:
Dining includes purchases made at restaurants, cafes, bars, lounges, fast-food chains, and bakeries.
Entertainment includes purchases made at movie theaters, live sports events, theater productions, amusement parks, tourist attractions, aquariums, zoos, dance halls, record stores, pool halls, or bowling alleys.
The cards also don’t have any minimum redemption requirements. That means you can redeem cash back in any amount.
Sign-up offers
Both Savor cards start with decent sign-up bonuses. While they’re not the most valuable on the market, these boosts could potentially cover dinner and a movie a few times over. The $0-annual-fee card also comes with a 0% APR offer, giving you some extra time to pay down any major purchases interest-free. Here’s what you get on each card:
Capital One Savor Cash Rewards Credit Card
Sign-up bonus: Earn a one-time $300 cash bonus once you spend $3,000 on purchases within three months from account opening.
0% APR offer: None.
Capital One SavorOne Cash Rewards Credit Card
Sign-up bonus: Earn a one-time $200 cash bonus after spending $500 on purchases within the first three months from account opening.
0% APR offer: You get 0% intro APR for 15 months on purchases and balance transfers, and then the ongoing APR of 15.24%-25.24% Variable APR.
Travel- and shopping-friendly features
The Savor cards aren’t marketed as travel cards, but they can still help you when you do travel.
No foreign transaction fees
Like all Capital One credit card, these cards don’t charge foreign transaction fees. That means you won’t have to deal with any 3% charges while making international purchases.
Travel protection and assistance
Both cards also offer travel accident insurance and complimentary concierge service.
Shopping protections and assistance
You’ll also get an extended warranty perk on purchases with either card, plus access to comparison shopping tools for online purchases.
Other Nice benefits of Capital One Savor One Cash Reward Credit Card
Exclusive access
The Capital One Savor Cash Rewards Credit Card and the Capital One SavorOne Cash Rewards Credit Card can grant cardholder-only access to special dining experiences, music concerts, and sporting events.
Limited time offers
For a limited time, the Capital One Savor Cash Rewards Credit Card and Capital One SavorOne Cash Rewards Credit Card are offering:
Bonus cash back on Vivid Seat purchases: Earn 8% cash back on tickets at Vivid Seats through January 2023. (As of May 18, 2021, Capital One SavorOne Cash Rewards Credit Card also offers 8% cash back at Vivid Seats.) Vivid Seats is an online ticket marketplace where you can buy tickets to concerts, sporting events, and theater productions.
The Capital One® Savor® Cash Rewards Credit Card can be worth it for people who spend big on dining and entertainment because it lets you earn unlimited 4% cash back on dining, entertainment & popular streaming services, plus 3% at grocery stores and 1% on other purchases.
New cardholders can also earn a one-time $300 cash bonus once they spend $3,000 on purchases within three months from account opening.
With a $95 annual fee, you’ll need to spend at least $9,500 per year in its 4% cash back categories to recoup the fee you’ll pay in exchange for the additional 1% cash back. Otherwise, you’re better off with the no-annual-fee Capital One SavorOne Cash Rewards Credit Card, which earns a solid 3% on those categories.
Looking for a cash-back travel card?
The Capital One® Savor® Cash Rewards Credit Card is a great alternative for those who want to travel with a card that earns cash back rather than points. Its bonus rewards on entertainment and dining are a good fit for those on vacation — plus, it doesn’t charge foreign transaction fees on purchases made abroad.
Earn a $300 cash back sign-up bonus
One of the major benefits of signing up for a new credit card is the opportunity to earn a welcome bonus. With the Capital One® Savor® Cash Rewards Credit Card, you can earn a one-time $300 cash bonus once you spend $3,000 on purchases within three months from account opening.
This welcome bonus is generous for cash-back credit cards, though the minimum spend requirement may be a bit hefty for those on a limited budget.
Capital One® Savor® Cash Rewards Credit Card benefits: Earn up to 4% cash back
Earn 4% cash back on dining, entertainment, and streaming services
Foodies will love the cash-back rewards of the Capital One® Savor® Cash Rewards Credit Card.
You’ll earn unlimited 4% cash back on dining, entertainment & popular streaming services, plus 3% at grocery stores and 1% on other purchases.
This is one of the highest bonuses on dining among rewards credit cards.
Whether you’re having fun on vacation or just in your local community, you can earn bonus rewards on entertainment purchases. The following purchases count as “entertainment”:
Movie theaters
Professional and semi-professional sporting events
Theatrical performances
Amusement parks
Tourist attractions
Aquariums
Zoos
Bowling alleys
Select streaming services also receive 4% cash back:
What’s included?
Other standalone video and music streaming services
Earn 3% cash back on grocery stores
When you’re not out eating with friends and family, you can still earn bonus cash back at grocery stores with the Capital One® Savor® Cash Rewards Credit Card.
Specialty markets
For all non-bonus purchases outside of these spend categories, you’ll earn a flat 1%. There are no caps on how much cash back you can earn.
Earn 8% cash back at Vivid Seats (limited time offer)
For a limited time, your Capital One® Savor® Cash Rewards Credit Card also earns cash back on Vivid Seat purchases. Vivid Seats is an online ticket marketplace for sports, concerts, and other event tickets. Through its partnership with Capital One, you’ll earn an unlimited 8% cash back on your Vivid Seats purchases through January 31, 2023. This bonus cash back is an excellent way to reduce the cost of buying tickets to your favorite events.
How to redeem rewards
Capital One makes redeeming your rewards easy with multiple redemption options.
Redeem as a statement credit or a check: Your cash back rewards can be used to lower your credit card balance or boost your bank account. Apply your rewards as a statement credit to reduce your balance or to cover specific purchases, or you can also request that Capital One mail you a check. However, statement credits do not cover the minimum required payments — so if you need the money to make your minimum payments, transfer rewards to your bank account first and then make the payment from your bank account.
Redeem rewards on Amazon.com: Link your Capital One® Savor® Cash Rewards Credit Card to your Amazon account. During checkout, you can redeem as many or as few rewards as you want and pay the rest with your Capital One card. For every $1 of Savor Rewards cash back redeemed, you’ll receive $1 in Amazon credits.
Redeem rewards on PayPal purchases: PayPal is accepted at millions of places online, and now you can use your Capital One cash back during checkout. Link your Capital One® Savor® Cash Rewards Credit Card to your PayPal account, and when you complete your order at a participating retailer, select PayPal Checkout. Find your Capital One® Savor® Cash Rewards Credit Card among your linked cards, then choose “Use Capital One Rewards” and apply as many of your rewards as you’d like. The rest of your purchase will be charged to your Capital One® Savor® Cash Rewards Credit Card.
Purchase gift cards: From the Capital One website or mobile app, you can redeem your rewards for gift cards. Log in to your account and pick a gift card from your favorite restaurant, retailer, or hotel brand — then choose the amount and number of gift cards. Gift cards should arrive within two to three weeks at your account address.
Capital One allows cardholders to redeem rewards for any amount and at any time. Your earned rewards never expire if your account remains open.
What credit score do you need for the Capital One® Savor® Cash Rewards Credit Card?
To get approved for the Capital One® Savor® Cash Rewards Credit Card, you need a credit score of at least 680. If you’re concerned about your credit score, follow these tips to improve your credit.
Other Capital One® Savor® Cash Rewards Credit Card benefits
In addition to its cash back rewards, the Capital One® Savor® Cash Rewards Credit Card offers additional perks:
0% foreign transaction fees. Save as much as 3% on international purchases.
Extended Warranty. Extends the manufacturer’s Warranty on eligible items.
Travel accident insurance. Provides a payout in case of an accident on plane tickets purchased with the card.
Exclusive culinary, music, and sporting event discounts, perks, and invites.
Virtual card numbers from Eno. Protect your card information when shopping online or over the phone.
$0 fraud liability. You won’t have to pay for unauthorized purchases.
Card Lock. Instantly lock lost, stolen, or misplaced cards to prevent unauthorized purchases.
Credit alerts from CreditWise. Track changes to your TransUnion and Experian credit reports with personalized alerts.
Some purchases are excluded from bonus categories. Not all purchases count towards bonus categories, like Walmart or Target for groceries and Amazon Prime or Verizon FIOS On Demand for streaming.
How does the Capital One® Savor® Cash Rewards Credit Card compare to other cards?
The Capital One® Savor® Cash Rewards Credit Card offers valuable perks for certain consumers, but how does it stack up against other rewards credit cards? Let’s compare it against other credit cards that you may be considering.
The Capital One Quicksilver Cash Rewards Credit Card is a better card for people who want to earn extra rewards on every purchase but don’t want to remember bonus categories. It earns unlimited 1.5% Cash Back on every purchase, every day. On the downside, the card’s welcome bonus is smaller than the Capital One® Savor® Cash Rewards Credit Card’s, though at least the minimum spending requirement is much lower. Overall, the card is a better option for people with smaller budgets.
Frequent travelers will get better value from the Capital One Venture Rewards Credit Card. It earns an unlimited 2 miles per dollar on every purchase, every day; 5 Miles on hotels and rental cars booked through Capital One Travel, and rewards can be used to book trips, “erase” travel purchases or transfer to over 15 airlines and hotel partners. The welcome bonus of 60,000 miles is worth at least $600 in travel, three times the bonus of the Capital One® Savor® Cash Rewards Credit Card. Plus, Capital One will pay for Global Entry or TSA Precheck® application fees once every four years.
Annual Fee
Welcome bonus: Earn a one-time $200 cash bonus after you spend $500 on purchases within the first three months from account opening (Worse)
Cash-back percent: Unlimited 3% Cash Back on dining and entertainment; 3% cash back on popular streaming services; 3% cash back at grocery stores; 1% Cash Back on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023 (Worse)
Other benefits: Intro APR of 0% intro on purchases for 15 months (followed by an APR of 15.24% – 25.24% (Variable)), Intro APR of 0% intro on balance transfers for 15 months (followed by an APR of 15.24% – 25.24% (Variable) – Balance transfer fee applies with this offer 5% of each balance transfer; $5 minimum.), Nonforeign transaction fees, extended Warranty, travel accident insurance, exclusive events (Better)
Should you apply for the Capital One® Savor® Cash Rewards Credit Card?
The Capital One ® Savor® Cash Rewards Credit Card is designed to reward foodies and people who spend on entertainment. It offers up to 4% on your everyday purchases and a limited-time offer of 8% cash back on event tickets from Vivid Seats. Cash-back rewards never expire and are easy to redeem for statement credits, gift cards, or checks.
The only major downside is the card’s $95 annual fee — for a cash-back credit card, and this may be a large hurdle to overcome for the average household. The Capital One® Savor® Cash Rewards Credit Card is best for people who spend at least $800 per month combined on dining, entertainment, and streaming services; otherwise, you’re likely better off with the $0-annual-fee Capital One SavorOne Cash Rewards Credit Card.
If the Savor isn’t right for you, review our list of the best cash-back credit cards to find one that matches your spending habits.
Capital One® Savor® Cash Rewards Credit Card FAQs
Is the Capital One® Savor® Cash Rewards Credit Card hard to get?
This card won’t be hard to get for people with Excellent/Good credit. If you have a regular paycheck, good credit, and reasonable amounts of debt, you have a strong chance of getting approved for the Capital One® Savor® Cash Rewards Credit Card.
