Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
» This article is out of date
In August 2018, the Capital One Savor Cash Rewards Credit Card was overhauled with new benefits, so the details in this story are no longer current. See our story about the revamped Capital One Savor Cash Rewards Credit Card for updated information.
Capital One’s newest credit card is serving up a large helping of dining rewards — hold the annual fee.
Today, the issuer launched the Capital One Savor Cash Rewards Credit Card, a $95-annual-fee card that offers generous ongoing rewards for people who like to dine out or in:
3% unlimited cash back on dining
2% unlimited cash back at grocery stores
1% unlimited cash on all other purchases
If those reward rates sound familiar, that's because they're the same as on the Capital One® Premier Dining Rewards Credit Card, which launched in March. Mark Mattern, vice president of U.S. cards at Capital One, says the Capital One Savor Cash Rewards Credit Card represents the next evolution of the Capital One® Premier Dining Rewards Credit Card.
In addition to the clever new name — it sounds like "saver" — the new product offers benefits that the earlier card lacked:
An introductory 0% APR period. You get The ongoing APR is 20.24%, 25.24% or 28.24%, Variable APR. The Capital One® Premier Dining Rewards Credit Card didn’t have a 0% period.
A larger sign-up bonus. And one that's fairly easy to claim: Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening.. The sign-up bonus on the Capital One® Premier Dining Rewards Credit Card was worth $100.
Contactless technology. This feature, which is also available on some of Capital One’s other cards, allows you to pay just by tapping your card on the card reader — no dipping or swiping required. The Capital One® Premier Dining Rewards Credit Card didn’t offer this.
"We’re really excited about the product,” Mattern says. “We listen to our customers and what they’re passionate about, and the concept of food as a vehicle for shared experiences came up repeatedly."
If you currently have the Capital One Premier Dining Rewards credit card, he notes, you’ll eventually be switched over to the Capital One Savor Cash Rewards Credit Card — although not right away.
It’s devilishly hard to find a card that comes with robust dining rewards, no annual fee and no spending caps. If you dine out on the regular and want to earn more rewards without paying extra, the Capital One Savor Cash Rewards Credit Card is one of your best options.
Information related to the Capital One Savor Cash Rewards Credit Card has been collected by NerdWallet and has not been reviewed or provided by the issuer of this card.