Foodies rejoice! Capital One now offers the highest cash back on dining and entertainment of any credit card available. You can earn an unlimited 4% cash back on every dining and entertainment purchases that you make. The Capital One Savor credit card also offers one of the highest sign-up bonuses I’ve ever seen on a pure cash back credit card. Plus, the annual fee of $95 is waived the first year. This card is definitely on top of my list of best cashback credit cards.
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
- 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
The original Capital One Savor cash rewards credit card was released in October 2017 when it replaced the Capital One Premier Dining Rewards credit card. However, the Capital One Savor cash rewards credit card didn’t gain the traction with consumers that Capital One was looking for.
This article will cover:
- Capital One Savor Main Benefits
- How to Earn $1000 Cashback in 1 Year
- No Annual Fee Option
- How Capital One Savor Compare to Other Dining Cards
The marketing team regrouped and knew they had to make some changes. They added a massive $500 sign-up bonus and bumped up the earning power to 4% on dining and entertainment. Now the Capital One Savor Card offers the highest unlimited cash back rewards on food and fun that I’ve ever seen!
“…Capital One offers the highest unlimited cash back rewards on food and fun”
The good news is that, if you already have the original Capital One Savor cash rewards credit card card, you’ll receive all of the new benefits. Even better news is that you’ll remain as a no-fee card!
What are the Capital One Savor credit card benefits?
There are many Capital One perks loaded into this card. First off, the $500 sign-up bonus is greatly increased from the $150 bonus on the original Capital One Savor card. With a minimum spend requirement of $3,000 within three months, this is easy money for people who apply.
Earn extra cash back with Capital One Savor Card
As we mentioned, the Capital One Savor card is designed for foodies and people who spend a lot on entertainment. The 4% unlimited cash back is the highest of any credit card available.
Because we can’t go out to eat for every meal, the Capital One Savor card also earns 2% cash back at grocery stores and 1% on everything else. Your rewards never expire as long as your credit card is active, and you can redeem them for any amount.
If international travel is on your horizon, this is a great credit card to take with you because there are no foreign transaction fees to worry about. Here are four ways to save on foreign transaction fees.
The Capital One Savor card also comes with extended warranty and price protection at no charge. The extended warranty coverage doubles your warranty by extending the warranty by up to 24 months when you pay for the entire purchase with your Capital One Savor credit card.
The price protection is valid if you find the same item at a lower price within 120 days. Click here for complete details of these World Elite Mastercard benefits.
Read this article to get a better understanding of what is price protection and why is it important?.
Capital One Savor Card main benefits
To recap, here are the benefits of the Capital One Savor credit card:
- $500 cash sign-up bonus after spending $3,000 within three months
- Unlimited cash back on every category of spending
- 4% cash back on dining (including restaurants, fast food, food trucks, Starbucks, and bakeries)
- 4% cash back on entertainment (including movies, plays, concerts, and sporting events)
- 2% cash back at grocery stores
- 1% cash back on everything else
- No foreign transaction fees
- Annual fee is waived the first year
- Rewards never expire while card is open
- Extended warranty up to 2 years
- Purchase protection for 120 days
- Complimentary concierge service
- 24-hour travel assistance services
All in all, the Capital One Savor credit card offers a lot of value for a reasonable annual fee.
Access to premium experiences
This benefit hasn’t been defined, but Capital One has hinted that premium experiences are coming. These exclusive events centered around dining and entertainment that only available to cardholders of the Savor and SavorOne cards.
I could earn $1,000 this year with the Savor card
While researching the benefits of this card, I started doing a little math in my head. And I realized just how much I could earn with the Capital One Savor credit card.
Between my wife and me, we easily spend $150 a week dining out, either on dates or picking up takeout for family dinners, and for entertainment, like movies or concert tickets. And when you have a family of 4 like we do, groceries add at least another $150 per week to the household budget.
Spending $150 a week is over $7,500 per year! With a cash back rebate of 4% on dining and entertainment that earns $300. And the grocery store cash back rebate of 2% is another $150. I know that I’m underestimating how much we’re actually spending, so I’ll round up our cash back earnings to $500 between these three categories.
When you add in the $500 sign-up bonus, we could earn at least $1,000 over the next 12 months with the Capital One Savor card!
So, I have to ask… How much cash back would your family earn with a card like this?
Is there a no annual fee Capital One Savor option?
Remember, the Capital One Savor card waives the $95 annual fee during the first year. After that, the $95 annual fee will apply.
For consumers who dislike paying annual fees, the Capital One SavorOne is an excellent no annual fee option. You’ll earn 3% on dining and entertainment, 2% at grocery stores, and 1% cash back on everything else. The SavorOne also offers a $150 sign-up bonus after spending $500 within three months.
Capital One® SavorOne℠ Cash Rewards Credit Card
- Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
- Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
- 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
- 0% intro APR on purchases for 15 months; 16.24% - 26.24% variable APR after that
- 0% intro APR on balance transfers for 15 months; 16.24% - 26.24% variable APR after that; 3% fee on the amounts transferred within the first 15 months
- No foreign transaction fees
- No annual fee
The Capital One SavorOne doesn’t charge foreign transaction fees. And it offers 0% interest on purchases and fee transfers for the first 15 months. Click here for our full review of the Capital One SavorOne credit card.
We’ll write an in-depth post comparing the Capital One Savor and the Capital One SavorOne cards in the coming days to help you decide which version of this credit card is right for you.
How does the Capital One Savor Compare to Other Dining Credit Cards?
There are a few credit cards that focus on dining bonus rewards like the Capital One Savor credit card does.
The Chase Sapphire Reserve earns 3x points on dining, but it has a whopping $450 annual fee. The 3x Ultimate Reward points have a minimum value of 3% cash back or could be worth as much as 4.5% when used to purchase travel. But you still have the issue of the large $450 annual fee, which knocks this.
A more realistic comparison is the Uber Visa Card. It is a credit card with no annual fee that earns 4% cash back on dining, 3% on airfare and hotels, and 2% on online & mobile purchases. The biggest difference is that the Uber Visa Card only offers a $100 sign-up bonus, compared with $500 from the Capital One Savor Card.
Some credit cards like the Chase Freedom and Discover it offer 5% cash back on rotating bonus categories each quarter. You can check full list of 5% cash back cards here. In the past, at least one quarter each year has focused on dining or entertainment-related merchants, but there’s no guarantee what future bonus categories will be.
And, of course, as mentioned above, the no-annual-fee Capital One SavorOne is a worthy competitor to the $95 annual fee Capital One Savor credit card. The SavorOne card only earns 3% cash back on dining and entertainment purchases while offering a $150 sign-up bonus. We’ll share the link when we complete our comparison of these two Capital One cash back cards.
Click here for a complete list of cash back credit cards that are available to meet your needs.
Best Cashback Credit Cards
- The best cashback credit cards : April 2019
- View all of the current card offers on
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cash back, a sign-up bonus, 0% intro APRand other perks
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Earn the most cash back on dining and entertainment
If you’re someone that eats out often and likes to spend on entertainment, the Capital One Savor card is for you. You’ll earn an unlimited 4% cash back on dining and entertainment purchases while pocketing a cool $500 cash bonus when you spend $3,000 on the card within three months of opening your account. I love that the first year annual fee is waived and that there are no foreign transaction fees.
What’s your favorite credit card to use when going out to eat? Let us know in the comments.