Capital One Savor Serves Up a Smaller Sign-Up Bonus

The Capital One Savor's decreased sign-up bonus is still relatively generous, but you'll have to factor in the annual fee.
May 21, 2019

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.

» Offer details have changed

Offer terms on the Capital One Savor Cash Rewards Credit Card have changed, so this article may be out of date. See our best new cardholder bonus offers for other options. 

The Capital One Savor Cash Rewards Credit Card has lost a bit of its kick.

As of May 21, the card is offering a smaller sign-up bonus for new cardholders: Earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening..

Previously, the offer was $500 for the same amount of spending in the same time frame, which was among the most lucrative sign-up bonuses available for a cash-back credit card. The new offer is still more than you'll find from most competitors, whose sign-up bonuses typically top out around $150 to $200. But unlike many of those cards, the Capital One Savor Cash Rewards Credit Card charges an annual fee that must be factored in: $95.

Still, foodies will earn top rewards in the same categories:

  • 4% cash back on dining and entertainment.

  • 2% cash back at grocery stores.

  • 1% cash back on all other purchases.

For those who can’t stomach an annual fee, the Capital One SavorOne Cash Rewards Credit Card may be a better choice. It has a $0 annual fee and a modest sign-up bonus: Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening.. It earns 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases.

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.

Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.