Skip to content
RATING
Reviews

2021 Review: Capital One Savor Cash Rewards Credit Card

Updated Oct 20, 2021 | Published Sep 03, 202010 min read

Advertiser Disclosure

Credit Card Insider is an independent, advertising supported website. Credit Card Insider receives compensation from some credit card issuers as advertisers. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. Credit Card Insider has not reviewed all available credit card offers in the marketplace. Content is not provided or commissioned by any credit card issuers. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. Credit Card Insider and CardRatings may receive a commission from card issuers. A list of these issuers can be found on our Editorial Guidelines.

Capital One Savor Cash Rewards Credit Card

Min Credit Level Good
Annual Fee $95
Regular APR 15.99% - 24.99% Variable
At a glance

The Capital One Savor Cash Rewards really has something for everyone. It earns on a wide variety of activities, from dining to entertainment and grocery shopping, on top of providing an eclectic selection of benefits geared mainly towards travel.

Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Advertiser relationships do not affect card evaluations. Advertising partners do not edit or endorse our editorial content. Content is accurate to the best of our knowledge when it's published. Learn more in our Editorial Guidelines.

The information related to Chase Freedom Flex℠ has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Our Rating: 4 Out of 5 Stars

We give the Capital One Savor Cash Rewards Credit Card 4 out of 5 Stars because it earns cash back at restaurants at a relatively high rate, and it has a good welcome bonus. But it also comes with an annual fee.

Why We Like It

  • Good cash back rate at restaurants, entertainment, and streaming services (4%)
  • Decent cash back rate for grocery store purchases (3%)
  • Welcome bonus of $300 cash bonus for spending $3,000 in the first 3 months
  • Mastercard benefits
  • No foreign transaction fees

Why It Could Be Better

  • $95 annual fee
  • No intro rate for purchases or balance transfers
Apply Now

securely on the issuer's website

Capital One Savor Cash Rewards Credit Card
Apply Now

securely on the issuer's website

  • Min. credit levelGood
  • Annual Fee$95
  • Purchase APR15.99% - 24.99% Variable

The information related to Capital One Savor Cash Rewards Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

The Capital One Savor Cash Rewards Credit Card has been redesigned, and is now more rewarding (and more expensive) than the original version.

This card now offers 4% cash back for dining, entertainment, and streaming service purchases, and 3% cash back at grocery stores. (It previously offered 3% just for dining.)

You’ll even get 8% cash back at Vivid Seats, an online ticket reseller.

The Savor originally had no annual fee, but the new version has a $95 annual fee.

As Capital One upgraded the Savor card, it also released the new SavorOne card, which is a lot like the original Savor. There are now two cards in the Savor lineup:

  • Capital One Savor Cash Rewards Card (this post): Annual fee of $95; 4% cash back for dining and entertainment; $300 cash bonus for spending $3,000 in the first 3 months
  • Capital One SavorOne Cash Rewards Credit Card (Review): No annual fee; 3% cash back for dining and entertainment; $200 cash bonus for spending $500 in the first 3 months

Is the Savor right for you? Depending on your shopping habits, the card with the best rewards won’t always be the most valuable. Keep reading to learn more.

Insider Advice: Getting the Most Out of Your Card

  • For food spending: Use this card to pay for meals from restaurants (4% cash back) and at grocery stores (3%).
  • And for fun: You’ll get 4% back for entertainment purchases, like the movies and sporting events, as well as 8% back on tickets purchased through Vivid Seats.
  • Get the welcome bonus: Spend $3,000 in the first 3 months to earn a $300 cash bonus.
  • Use your perks: This card comes with World Elite Mastercard benefits which can potentially be quite valuable, like a Concierge Service and the World Elite Hotels & Resorts Portfolio.
  • Redeem for statement credits: The easiest redemption method is for statement credits, which will simply reduce your account balance.
  • Don’t pay extra while traveling: The Savor card has no foreign transaction fees when making purchases in foreign currency, so you won’t be charged extra.
  • Offset the annual fee: You’ll need to spend a minimum of $2,375 with this card to earn $95 in cash back, which would offset the annual fee.

The Rewards

Earning

Spending Rewards
  • 8% cash back on tickets at Vivid Seats
  • 4% cash back on:
    • Dining
    • Entertainment
    • Streaming Services
  • 3% cash back at Grocery Stores
  • 1% cash back on all other purchases
Introductory Bonus
  • $300 cash bonus for spending $3,000 in the first 3 months

You can earn unlimited cash back, and your rewards never expire.

This card is meant to be your go-to option for food spending. Most cards don’t provide cash back categories for both restaurants and grocery stores, and 4% back for dining is pretty rare.

However, you can find some better offers, overall, with certain other cards. The 3% back for grocery store purchases isn’t really anything special, as some cards provide 2% back for every purchase (like the Citi® Double Cash Card – 18 month BT offer (Review), which provides 1% back for purchases and an additional 1% back for payments as long as you pay at least the minimum due on time). Check out our other alternatives below for more options.

The introductory offer is decent for a card like this, though the return on spend is pretty standard. In most cases, with cards at this level you’ll only see offers for $100 or $150, maybe $200.

Insider tip

There’s a bit of a story behind the Savor card. It originally offered 3% cash back for dining, and had no annual fee. But then Barclays’ Uber Credit Card (Review) came along, offering 4% back at restaurants with no annual fee (now 3%). After that, Capital One redesigned the Savor card to offer 4% back for restaurants and entertainment, but with a $95 annual fee. It also released the Capital One SavorOne Cash Rewards Credit Card (Review), which is more like the original Savor card. Try not to get confused!

Capital One’s reward categories include the following types of merchants. Take note that the entertainment category does not include cable, digital streaming, and subscription services.

Dining
Restaurants Fast-food Chains Cafes
Bars Bakeries Lounges
Entertainment
Movies Concerts Plays
Sporting Events Tourist Attractions Theme Parks
Aquariums Zoos Pool Halls
Dance Clubs Bowling Alleys Record/Video Rental Stores
Grocery Stores
Supermarkets Dairy Product Stores Specialty Markets Meat Lockers

Redeeming

You can redeem your cash back in three different ways:

  • Statement credits to reduce your account balance
  • Physical checks
  • Gift cards

We recommend that you always redeem your cash back as a statement credit because this is the easiest and most direct method. Physical checks will take several weeks to arrive.

Gift card redemption rates will vary, and you won’t always get the full value of your cash back so we recommend that you avoid this method.

You can set up automatic redemption preferences to make the process easier. You can either set it for certain dates throughout the year or when your cash back hits a specific threshold.

The Benefits

The Savor card comes with a surprisingly wide variety of potentially useful benefits, from both Capital One and Mastercard.

  • Complimentary travel planning: Call your concierge at 1-877-288-6784 any time for access to professional travel advisors.
  • World Elite Hotels & Resorts Portfolio: You’ll get complimentary discounts and benefits at over 900 hotel properties, including Marriott, Hyatt, InterContinental, and more.
  • Mastercard airport concierge: A 15% discount on a variety of airport meet & greet services. The basic concierge experience consists of an escort for expedited check-in and security screening, where available, assistance with visas or other documentation, inter-terminal transportation and other needs, and an escort to the curb or the aircraft gate, depending on where you’re going.
  • World Elite travel services: You’ll get a selection of upgrades and discounts at participating airlines, private jet providers, car rental dealerships, limousine services, chauffeur services, cruise programs, and vacation packages.
  • 24/7 concierge service: Call 1-877-288-6784 any time to talk to a personal assistant, who can help with all sorts of non-emergency tasks.
  • Capital One Events: The Savor card comes with access to three types of events, provided by Capital One: Premier Culinary Experiences, Big-time Sports Events, and Must-see Music Events.
  • Capital One CreditWise: Provides free access to your VantageScore 3.0 from your TransUnion credit report. You’ll also get access to aspects of your actual TransUnion report, which most cards don’t offer.
  • MasterTrip Travel Assistance: Help with travel, like information on regional requirements and medical referrals
  • Master RoadAssist Service: Call 1-800-MC-ASSIST for help with towing, tire changes, and other road services.
  • MasterRental Insurance: Coverage for rented vehicles against damage and theft, as long as you decline the rental company’s own insurance
  • Travel Accident Insurance: Available when traveling by common carrier, which covers you and your family against accidental injury or loss of life
  • Extended Warranty: Will extend an eligible manufacturer’s warranty

The Terms & Fees

Purchase APR Balance Transfer APR Cash Advance APR
15.99% - 24.99% Variable 15.99% - 24.99% Variable 24.99% Variable
Annual Fee Foreign Transaction Fee
$95 None
Balance Transfer Fee Cash Advance Fee
$0 3% of the amount of the cash advance, but not less than $10
Penalty APR Late Fee Returned Payment Fee
None Up to $39 See Terms

This card is a bit unusual, because it comes with no fee for balance transfers at the regular APR. However, if you’re offered a promotional APR at some point, like 0% for 6 months, you’ll need to pay a fee for that transfer.

All Capital One cards have no foreign transaction fees, a nice feature to have in case you plan to travel outside the country.

The Bottom Line

The Capital One Savor Cash Rewards Credit Card is not the worst choice if you want a card for food spending. But you may want to consider some other options too.

It offers rewards for dining and entertainment at a relatively high rate, of 4% cash back. But there’s also the Capital One SavorOne Cash Rewards Credit Card (Review), with 3% cash back for dining and no annual fee.

The Savor card’s 8% cash back with Vivid Seats offers a good return on spend, but this highly specific category doesn’t seem likely to be as much of a selling point as its general dining and entertainment rewards.

The Savor has a decent welcome bonus, at $300 cash bonus for spending $3,000 in the first 3 months, though the return on spend isn’t exceptional. It does come with some valuable World Elite Mastercard benefits, however, which are typically only found on the better travel cards.

If you had the original Savor card with no annual fee, you’ll be grandfathered in to the new rewards program but you won’t have to pay the new annual fee. So you’ll be earning 4% back at no cost whatsoever, as long as you avoid interest and fees. That would be a pretty good deal, probably worth hanging on to.

There are some other cards that could be more rewarding for restaurant purchases, especially if you would have to pay the annual fee for the Savor. Check out some of those alternatives below, one of which might be perfect for your shopping habits.

How Do I Apply for the Capital One Savor Cash Rewards?

You can apply now securely on Capital One’s website by following the link below. Capital One may check your credit reports from Equifax, Experian, TransUnion, and Innovis.

Capital One will often provide an instant decision, but in some cases it may request more information to process the application.

What Credit Scores Do I Need to Qualify for the Savor Cash Rewards?

It’s recommended you have good credit in order to qualify for the Capital One Savor Cash Rewards card.

For you to have good credit, your credit scores would need to be within the ranges of 670–739 for FICO and 700–749 for VantageScore.

But there are more factors credit card issuers take into account, such as income and monthly mortgage or rent payment. That means even if your scores are a bit lower than what’s recommended there’s a chance you’ll still be approved. However, that could also mean that even if you have high enough scores, you might not be approved.

Qualifications and Requirements

  • Must be 18 to apply
  • Personal identifying information: Name, Social Security number
  • Address and contact information: Email, phone number, address
  • Financial information: Total annual income, source of income, monthly mortgage/rent payment
  • Must not:
    • Have applied for a Capital One credit card two or more times in the last 30 days
    • Have five or more open credit card accounts with Capital One
    • Have a past due Capital One credit card account
    • Be over the credit line on a Capital One credit card
    • Have had a Capital One credit card that was charged off within the past year
    • Have an unresolved, non-discharged bankruptcy
Apply Now

securely on the issuer's website

Capital One Savor Cash Rewards Credit Card
Apply Now

securely on the issuer's website

  • Min. credit levelGood
  • Annual Fee$95
  • Purchase APR15.99% - 24.99% Variable

The information related to Capital One Savor Cash Rewards Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Frequently Asked Questions

What kind of credit card is the Savor Cash Rewards?

It’s a World Elite Mastercard, so you’ll be able to use it everywhere Mastercard credit cards are accepted.

Curious about the difference between Visa and Mastercard? We’ve got you covered.

What are the benefits attached?

You’ll get a wide variety of World Elite Mastercard benefits, including discounts and perks with a large swath of hotels and travel services like rental car providers, airlines, chauffeur services, cruise programs, and more.

There’s also a helpful collection of travel protections attached, including travel accident insurance and rental car insurance. Check out all the benefits you might expect with your card.

What’s considered entertainment for the Savor card?

Tickets purchased at movie theaters, sports events, theater shows, amusement parks, tourist attractions, aquariums, zoos, dance halls, record stores, music events, pool halls, and bowling alleys. So you’ll earn on quite a few activities.

Want to know how you can redeem your cash back?

Was this helpful?

Alternatives to the Capital One Savor Cash Rewards

Apply Now

securely on the issuer's website

Apply Now

securely on the issuer's website

  • Min. credit levelGood
  • Annual Fee$0
  • Purchase APR0% intro on purchases for 15 months, then 14.99% - 24.99% Variable
  • Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023
  • 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 and balance transfers for 15 months; 14.99% – 24.99% variable APR after that
  • No foreign transaction fee
  • No annual fee
Why We Picked It

The Capital One SavorOne Cash Rewards Credit Card (Review) is a toned-down version of the Savor card.

This card offers less for the spending rewards and welcome bonus, but also has no annual fee to pay. Other than that these cards are pretty similar, but there’s an intro APR offer for purchases and balance transfers.

You’ll have 0% interest for 15 months before the regular 14.99% - 24.99% Variable APR kicks in. That could give you quite a while to pay off any big expenses on the horizon.

Rewards

Spending Rewards
  • 8% cash back on tickets at Vivid Seats (through January 2023)
  • 3% cash back for:
    • Dining
    • Grocery stores
    • Streaming Services
    • Entertainment
  • 1% cash back on all other purchases
Introductory Bonus
  • $200 cash bonus for spending $500 in the first 3 months

Key Features
  • Premium Access with OpenTable: Get exclusive OpenTable reservations to hot restaurants, in a limited selection of cities.
  • Mastercard Concierge (Mastercard World Elite only): Call any time to talk to a personal assistant, who can help you in all sorts of non-emergency tasks.
  • Shopping and travel protections: Cell Phone Protection, Extended Warranty, Price Protection, MasterRental Coverage, Master RoadAssist Service
  • Purchase APR: 0% for 15 months, then 14.99% - 24.99% Variable
  • Balance Transfer APR: 0% for 15 months, then 14.99% - 24.99% Variable
  • Balance Transfer fee: 3%
  • No foreign transaction fee
  • Annual fee: $0
Apply Now

securely on the issuer's website

Apply Now

securely on the issuer's website

  • Min. credit levelGood
  • Annual Fee$95
  • Purchase APR15.99% - 22.99% Variable
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Backâ , your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Why We Picked It

The Chase Sapphire Preferred® Card (Review) is regarded as one of the best credit cards for travel, and it’s a bit different than the others in this post. It earns rewards at a good rate for dining, and has some other attractive features as well.

You’ll earn 5X Ultimate Rewards (UR) points per dollar on Lyft rides and travel purchased through Chase Ultimate Rewards, 3X points per dollar on dining, select streaming, and online grocery purchases. You’ll also get points on other travel, but the value you end up getting will depend on how you redeem those points.

The benefits will be pretty similar to the Savor, though you’ll get more travel protections with this card.

Overall, the main difference between these cards is that the Sapphire Preferred is designed for travelers. If you’re able to plan out redemptions, transferring your points for a high value, you’ll get a good return on both your restaurant and travel spending.

Rewards
Spending Rewards
  • 5X Ultimate Rewards points per dollar:
    • Travel purchased through Chase Ultimate Rewards
    • Lyft rides (through March 2022)
  • 3X Ultimate Rewards points per dollar:
    • Dining
    • Select streaming services
    • Online grocery purchases (excluding Target, Walmart, and wholesale clubs)
  • 2X Ultimate Rewards points per dollar for other Travel purchases
  • 1X Ultimate Rewards point per dollar on all other purchases
Introductory Bonus
  • 60,000 bonus points after spending $4,000 on purchases in the first 3 months

Chase Ultimate Rewards points can be redeemed in a number of ways. If you redeem through the Ultimate Rewards portal for travel expenses you’ll get a 25% bonus, which will give you 1.25 cents per point. That comes to a cash back equivalent of 3.75 for dining, 2.5% for other travel.

You can also transfer your UR points to a variety of airline and hotel loyalty partners, where you can find a better value. You may find deals that give you 2 cents per point or more, which would provide a cash back equivalent of at least 4% for other travel, 6% for dining. That would make it better than the Savor card for dining.

Key Features
  • DoorDash membership: You’ll get a free DoorDash membership for at least a year, known as a DashPass. This gives you free delivery and reduced service fees on orders over $12, which could help you save quite a bit if you tend to order out.
  • Luxury Hotel & Resort Collection: The Luxury Hotel & Resort Collection is provided by Chase, and includes benefits at a plethora of locations around the world.
  • Shop through Chase: Cardholders can get more points at select retailers with the Shop through Chase marketplace.
  • Chase Offers: Receive exclusive offers from a variety of different merchants through Chase.
  • Chase Preferred Experiences: As a Sapphire Preferred cardholder you’ll have access to exclusive events and experiences provided by Chase.
  • Visa Signature Concierge: You can call 1-800-953-7392 to speak with your Visa Signature Concierge, 24/7.
  • Travel protections: Trip delay reimbursement, trip cancellation/trip interruption insurance, baggage delay insurance, lost luggage reimbursement, travel and emergency assistance, travel accident insurance, rental car insurance, and roadside dispatch
  • Shopping protections: Purchase protection and extended warranty
  • Purchase and Balance Transfer APR: 15.99% - 22.99% Variable
  • No foreign transaction fee
  • Annual fee: $95
Apply Now

securely on the issuer's website

Apply Now

securely on the issuer's website

  • Min. credit levelGood
  • Annual Fee$0
  • Purchase APR0% Intro APR on Purchases for 15 months, then 14.99% - 23.74% Variable
  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
  • Earn 5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.
  • No annual fee.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 – 23.74%.
  • No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open.
Why We Picked It

The Chase Freedom Flex℠ (Review) is another good option if you prefer rotating reward categories over the fixed structure.

The Flex card provides 1% cash back less than the Savor card at restaurants, and it also doesn’t have the entertainment or consistent grocery store categories. But for no annual fee, you’re still earning 5% back on Lyft rides and travel through Chase Ultimate Rewards, along with the rotating rewards categories.

You’ll also get an introductory 0% rate for 15 months on purchases, then 14.99% - 23.74% Variable.

One drawback is you’ll have to activate your categories every quarter by a deadline, and there is a foreign transaction fee, so you’ll probably want to pair this card with one without foreign transaction fees if you’re leaving the country.

Rewards

Spending Rewards
  • 5% cash back on:
    • Travel purchased through Chase Ultimate Rewards
    • Lyft rides (through March 2022)
    • Grocery store purchases (not including Target or Walmart) up to $12,000 spent in the first year
  • 5% cash back in rotating categories, up to $1,500 spent per quarter, then 1%
  • 3% cash back at:
    • Restaurants
    • Drugstores
  • 1% cash back on all other purchases
Introductory Bonus
  • $200 bonus for spending $500 in the first 3 months

And the 5% bonus categories are:

Quarter 2021 Categories 2020 Categories
January – March
  • Wholesale Clubs
  • Internet
  • Cable/Phone Services
  • Select Streaming Services
  • Gas Stations
  • Select Streaming Services
  • Internet, Cable, Phone Services
April – June
  • Gas Stations
  • Home Improvement Stores
  • Grocery Stores
  • Fitness Club & Gym Memberships
  • Select Streaming Services
July – September
  • Grocery Stores (excluding Target and Walmart)
  • Select Streaming Services
  • Amazon
  • Whole Foods Market
October – December
  • Walmart
  • PayPal
  • Walmart
  • PayPal
Key Features
  • Three-month DoorDash membership: Subscribe for a free DashPass for three months, which provides free shipping and reduced service fees on orders over $12. You’ll be automatically enrolled in DashPass for 50% off for the next nine months.
  • Shop through Chase/Chase Offers: Earn extra cash back and find discounts with select retailers.
  • Chase Credit Journey: Monitor your credit with free access to your VantageScore 3.0, based on your TransUnion credit report, and receive helpful insight into the factors influencing the score.
  • Shopping and travel protections: Purchase protection, extended warranty protection, travel and emergency assistance services, roadside dispatch, auto rental collision damage waiver, and trip cancellation/interruption insurance
  • Purchase APR: 0% for 15 months, then 14.99% - 23.74% Variable
  • Balance Transfer APR: 14.99% - 23.74% Variable
  • Annual fee: $0

The information related to Chase Freedom Flex℠ has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

How do you like the Capital One Savor Cash Rewards? How do you like to redeem your cash back? Let us know in the comments below!

Apply Now

securely on the issuer's website

Capital One Savor Cash Rewards Credit Card
Apply Now

securely on the issuer's website

  • Min. credit levelGood
  • Annual Fee$95
  • Purchase APR15.99% - 24.99% Variable

The information related to Capital One Savor Cash Rewards Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Take a look at more Capital One cards designed for a variety of lifestyles Capital One Credit Cards
Written by

Brendan Harkness

Brendan has been writing about personal finance for over eight years, and is now taking on the challenge of bringing high-quality credit education to the masses. He makes sure that Credit Card Insider is covering the most important credit topics transparently and precisely, and that we have up-to-date reviews of credit cards so you can find cards that are right for you.

Do you have a correction, tip, or suggestion for a new post? Contact us here.

The responses below are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertisers' responsibility to ensure all posts are accurate and/or questions are answered.

Scroll to top