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Capital One has updated its Capital One® Savor® Cash Rewards Credit Card, which gives cards from other issuers some serious competition. The key to the Capital One Savor is its unlimited 4X earning on dining and entertainment. The card does not just stop there but has a host of other attractive features and benefits.
Key Features
- Earn a one-time $300 cash bonus after you spend $3000 on purchases within 3 months from account opening
- Earn unlimited 4% 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
- No foreign transaction fees
- Access to premium experiences in dining, entertainment and more
- $0 intro annual fee for the first year, $95 after that
4X Back On Dining And Entertainment
The jewel in the crown of the Capital One Savor is the unlimited 4X back on dining and entertainment. This places the card as the new king of the hill, since it is now one of the best cards to use for dining and entertainment. While most other cards only include dining as a bonus category, the Capital One Savor adds entertainment as well which massively expands your options for earning 4X.
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Welcome Bonus
The Capital One Savor comes with a generous bonus of $300 cash back after you spend $3000 on purchases within 3 months from account opening. This is a great rate of return, amounting to 16.6% back on everyday spending, which is pretty attractive.
Our Take
If you prefer cash back to travel rewards, then the Capital One Savor offers a pretty attractive all-around package, especially if you have large expenditure on dining and entertainment.
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It ties the Bank of America Premium Rewards card’s $500 bonus. Although, if you have the preferred status, the Bank Of America card seems th be better overall.
Never been a cash back guy but that’s a decent deal.
Same here; I much prefer redeeming points for premium travel experiences. Still, $500 for singing up is a great bonus…and that could be as much as $620 if all of one’s qualifying spend was on dining.
Looks like a good card if you eat out a lot.
Can you get the bonus if you have another Capital One credit card?
Yes, but be sure to review the rules: https://awardwallet.com/blog/understanding-rewards-credit-card-application-rules-restrictions/
Maybe if this was a no annual fee card. I’d rather stick with the Uber card. The bonus is fine, but I’d rather focus my efforts on other cards.
I was thinking the same thing. The Uber card also gives a high yield on restaurant purchases but without an AF
Wow 4x points on dining is very good.
I shall seriously consider this card now.
If cash is your preference, 4% is a great return for dining and entertainment. Does Capitol 1 still pull from all three bureaus? If yes, I’d have to reconsider, as it wouldn’t be worth the inquiry on Experian for me, which has more than double the inquiries of Transunion and Equifax combined (8 EX, 1 TU, 2 EQ). Could be a function of where I live and which banks pull which bureau here.
Yes, they do.
The bonus itself is worth it to me.
I am thinking about obtaining this card and running the 4% category for a year. It will get me away from Chase and Citi for a year.
If I were ever in a situation where I travel less, I would definitely consider this card. I don’t really mind that Capital One pulls from all 3 credit bureaus, (the credit score bounces back from that very quickly) but I must be doing something wrong as they won’t approve me for a card –despite my having a decent amount of money in the bank with them. Oh well, I guess it’s Chase and Amex rewards for me.
I like Capital One credit cards in general. This is going to be my go to card for going out to eat I think. I wonder if there are any foreign transaction fees.
There are no foreign transaction fees on Capital One cards.
I got denied for this card even though I have 800+ credit score. The reason Cap1 gave was that there are too many accounts opened recently… anyway to have them reconsider this?
Sure, you can call/write and ask them to reconsider. That said, if you’ve been hunting and picking up new credit recently, they probably won’t want to take you on as a risk.
Same here with too many recent accounts opened. I’m guessing maybe just keep it cool for 6 months and try again.
Very good deal if you like the Cash Back cards
I never thought too much about Capital One and cash back cards, but this offer has me interested. Even with points and miles, you still need a little spending money. This would actually go a long way to achieving a true cost free vacation especially if my wife applies for the same card.
Looks perfect for someone who doesn’t want to deal with transfer partners and just wants simplicity… I’ll
Stick with CSR this time around
This is a good initial bonus for the card and should be the go to card for dining.
Yes I can see this working well for my family, however, we value travel rewards more. I love that it has no cap on earning and they don’t force you to redeem at a certain level. Thank you for reviewing this. It’s good to be reminded that there are other cards out there that would be a good option outside the realm of travel.
I like the simplicity of cashback and this is a good return at 4% but the annual fee negates any benefit with the 4% for me. I don’t think I’d recoup my annual fee. Pass for now.
I haven’t heard about this card before – will need to check it out.