The U.S. Bank Altitude® Go Visa Signature® Card and the Capital One® Savor® Cash Rewards Credit Card are both great cards for foodies, with each boasting an outstanding 4X back on dining purchases, along with solid rates at grocery stores to boot.
But unless you're also big on painting the town several nights a week, the U.S. Bank Altitude® Go Visa Signature® Card comes out on top, thanks to its annual fee of $0*. By comparison, the Capital One® Savor® Cash Rewards Credit Card charges an annual fee of $95. If you're a fee-averse foodie, the choice is clear.
Of course, the annual fee alone is not the only consideration, and in some areas the Capital One® Savor® Cash Rewards Credit Card still has an edge, including its rewards on eligible entertainment purchases and its bonus, which is among the richest you'll find among cash-back credit cards.
Here's how to decide which is right for you.
Nerdy tip: Through Jan. 31, 2021, Savor cards will also earn 5X back on delivery orders placed through Uber Eats. Since it is a temporary and highly specific dining-related benefit, it isn't factored into our comparison.
How they compare at a glance
The main value proposition for both cards is a huge rewards rate on dining. The Capital One® Savor® Cash Rewards Credit Card earns straight-up cash back. The U.S. Bank Altitude® Go Visa Signature® Card earns points that can be redeemed for, among other things, cash back at a value of a penny each. So either way, the 4X rate on dining is the same.
But there are differences in annual fees and other details, all of which may play into your decision.
Here's how the cards stack up:
Capital One® Savor® Cash Rewards Credit Card
U.S. Bank Altitude® Go Visa Signature® Card
Earn a one-time $300 cash bonus after you spend $3,000 on purchases within the first 3 months from account opening.
Earn 20,000 bonus points when you spend $1,000 in eligible purchases within the first 90 days of account opening.
• 4% on dining and entertainment. • 2% at grocery stores. • 1% on all other spending.
• 4 points per $1 spent on dining. • 2 points per $1 at grocery stores, gas stations and on eligible streaming services. • 1 point per $1 on all other spending.
The ongoing APR is 15.99% - 24.99% Variable APR.
0%* intro APR on Purchases for 12 billing cycles* and 0% intro APR on Balance Transfers for 12 Billing cycles, and then the ongoing APR of 14.99% - 23.99%* Variable APR
Balance transfer fee
Either 3% of the amount of each transfer or $5 minimum, whichever is greater.
Foreign transaction fee
Annual streaming credit
Why the U.S. Bank Altitude® Go Visa Signature® Card is better for most
There's no annual fee
This is the starkest different between these products: You can either earn 4X back on dining while paying nothing to hold the card, or 4X back on dining for a $95 annual fee.
In the first year, that can be less of an issue, because the Capital One® Savor® Cash Rewards Credit Card offers a bonus that's $50 richer (though the spending requirement to get it is also higher). But let's walk through an example for the second year and beyond:
Say you spend $3,500 a year on dining out, which is around what the average U.S. household spends. With either card, you'd earn $140 in rewards on that spending, not factoring in any other reward categories. But with the Capital One® Savor® Cash Rewards Credit Card, you'll also owe the annual fee, meaning your net dining rewards are $45.
You'll get a 0% intro APR period
If you’re looking to finance a big purchase, the U.S. Bank Altitude® Go Visa Signature® Card also has the edge. You’ll get a low introductory APR on purchases and balance transfers: 0%* intro APR on Purchases for 12 billing cycles* and 0% intro APR on Balance Transfers for 12 Billing cycles, and then the ongoing APR of 14.99% - 23.99%* Variable APR.
The Capital One® Savor® Cash Rewards Credit Card has no such intro APR offer.
You'll get bonus earnings on gas and streaming, too
The cards both offer 2X back at grocery stores, but beyond that, the U.S. Bank Altitude® Go Visa Signature® Card features two other categories that earn double points: gas stations and eligible streaming services. What's more, when it comes to streaming, the card also offers a $15 annual credit for such purchases.
The Capital One® Savor® Cash Rewards Credit Card offers no credits, and it earns only 1X back on gas. And while you'll get 2X back on "entertainment" purchases, it's notable that streaming services don't fall under that category, so they, too, generally earn only 1X back.
Nerdy tip: Streaming traditionally doesn't qualify as an "entertainment" purchase with the Savor, but through Dec. 31, 2020, the card is offering 4X back on some eligible subscriptions.
Where does the Capital One® Savor® Cash Rewards Credit Card shine?
In a word? Fun. If you enjoy frequent nights out on the town, the Capital One® Savor® Cash Rewards Credit Card probably has the edge. It earns a stellar 4% cash back on entertainment, including ticket purchases made at:
Professional and semi-professional live sporting events.
Amusement parks and tourist attractions.
Aquariums and zoos.
Exclusions apply, including golf courses, collegiate sporting events and streaming services. But the point is that the U.S. Bank Altitude® Go Visa Signature® Card doesn't feature "entertainment purchases" as a bonus rewards category, so you'll earn only 1X back with it on these kinds of transactions.
In order for the Capital One® Savor® Cash Rewards Credit Card to be the better choice, you'd need to spend more than $2,375 per year on entertainment — about $198 per month — to offset the card's annual fee.