Capital One Savor Cash Rewards Credit Card Has a Great New Offer Capital One Savor Cash Rewards Credit Card Has a Great New Offer

Capital One Savor Cash Rewards Credit Card Has a Great New Offer

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The Capital One Savor Cash Rewards Credit Card has a new welcome offer — and for a no-annual-fee card, it's stellar. With a valuable signup bonus, some high-quality earning categories, and a growing list of additional perks, this card is worth considering for your wallet.

Here's all you need to know about the Capital One Savor Cash and its brand-new offer.

Capital One Savor Cash Signup Bonus: $200 Cash Back

Applicants for the Capital One Savor Cash can earn $200 Cash Back after you spend $500 on purchases within 3 months from account opening. This bonus effectively provides a 40% return on the first $500 you put on the card.

The spending requirement is now half of what it used to be. Through July 2023, the welcome bonus on the Capital One Savor Cash required $1,000 of spending to earn the same cash bonus.

Capital One Savor Cash Rewards Credit Card
Capital One Savor Cash Rewards Credit Card
Annual Fee$0
New Cardmember Bonus $200 Cash Back after you spend $500 on purchases within 3 months from account opening
Tailored for cardmembers who enjoy dining and entertainment, the Capital One Savor Cash Rewards Credit Card offers unlimited 3% cash back on dining, entertainment, popular streaming services, and at grocery stores, and 1% cash back on all other purchases. The card charges no foreign transaction fees, and rewards don't expire for the life of the account.
  • $200 Cash Back after you spend $500 on purchases within 3 months from account opening
  • 3% cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®)
  • 1% on all other purchases
  • No foreign transaction fees
  • $0 annual fee
  • 8% cash back on purchases made via the Capital One Entertainment ticketing platform
  • 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply)
  • 3% cash back on dining and entertainment
  • 3% at grocery stores (excluding superstores like Walmart® and Target®)
  • 3% on popular streaming services
  • 1% on all other purchases

Earn Unlimited 3% Cash Back on Select Spending Categories

Capital One Savor Cash cardholders earn 3% cash back on dining, entertainment, popular streaming services, and at grocery stores. Note that “grocery stores” excludes superstores like Walmart and Target. You'll also earn 5% cash back on hotels and rental cars booked with Capital One Travel, and 8% back with Capital One Entertainment (think exclusive events, presale concert tickets, and Capital One Dining).

For other spending, you will earn 1% cash back.

an unseen person gives their credit card to a cashier at a supermarket
Earn 3% back at grocery stores with your card. Credit: Adobe Stock

You can redeem the card's cash-back rewards online at the Capital One website or through its mobile app. Redemption options include a statement credit or a check, but you also can use your earnings to make payments with PayPal or Amazon. Capital One specifies on its website that “rewards don't expire for the life of the account, and you can redeem cash back for any amount.”

Combine Cash Back With Capital One Miles

If you have a credit card that earns Capital One miles (from Venture or Spark Miles cards), you can convert your cash-back rewards into Capital One miles. This is beneficial as Miles can be transferred to CapitalOne's growing list of airline and hotel partners. Partners include Turkish Airlines Miles & Smiles program, Air France–KLM Flying Blue, British Airways Executive Club, and many more.

inside a KLM business class cabin
Flying Blue is a Capital One transfer partner. Credit: KLM

This unique benefit for the Savor and Spark Cash cards lets you maximize the spending categories of multiple credit cards, such as with the Capital One Venture Rewards Credit Card, Capital One Venture X Rewards Credit Card, or Capital One VentureOne Rewards Credit Card. Pairing the Capital One Savor Cash with another Capital One product could net a great return on every purchase.

Valuable Benefits for a No-Annual-Fee Card

The Capital One Savor Cash has no annual fee, which makes the long list of perks even more valuable than they appear. Cardholders can start enjoying the following benefits upon account approval:

Capital One Entertainment

Capital One Savor Cash cardholders will earn 8% cash back on Capital One Entertainment purchases.

Access to Capital One Travel

Through Capital One Travel, cardholders will earn unlimited 5% cash back on prepaid hotel and rental car bookings.

0% Introductory APR

Enjoy an introductory 0% APR offer for 15 months on purchases and 15 months on balance transfers, then a
Variable APR of 19.24% - 29.24%. Balance transfer fee applies.

Travel accident insurance

Use your card to pay for travel and get automatic coverage to insure you against covered losses.

Extended warranty coverage

Get time added to eligible warranties on purchases made with your card.

No foreign transaction fees

If you make purchases outside the U.S., you won't pay an extra fee. This can be as much as 3% or 5% on other cards, which stings.

Bottom Line

For a no-annual-fee product, the Capital One Savor Cash makes a compelling case for earning a spot in wallets everywhere. A solid signup bonus and quality earning categories make the card worth holding for the long term — and even more so when paired with other Capital One cards that have access to valuable Capital One miles.

Capital One Savor Cash Rewards Credit Card
Capital One Savor Cash Rewards Credit Card
Annual Fee$0
New Cardmember Bonus $200 Cash Back after you spend $500 on purchases within 3 months from account opening
Tailored for cardmembers who enjoy dining and entertainment, the Capital One Savor Cash Rewards Credit Card offers unlimited 3% cash back on dining, entertainment, popular streaming services, and at grocery stores, and 1% cash back on all other purchases. The card charges no foreign transaction fees, and rewards don't expire for the life of the account.
  • $200 Cash Back after you spend $500 on purchases within 3 months from account opening
  • 3% cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®)
  • 1% on all other purchases
  • No foreign transaction fees
  • $0 annual fee
  • 8% cash back on purchases made via the Capital One Entertainment ticketing platform
  • 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply)
  • 3% cash back on dining and entertainment
  • 3% at grocery stores (excluding superstores like Walmart® and Target®)
  • 3% on popular streaming services
  • 1% on all other purchases

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