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Capital One Savor Card Review: Everything You Need to Know

Cash Back Credit Cards, Credit Cards
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A good dining rewards credit card is hard to find. That’s why the Capital One® Savor℠ Cash Rewards Credit Card is so valuable: It offers strong rewards on dining for an annual fee of $0.

Unlike its competitors, the Capital One® Savor℠ Cash Rewards Credit Card treats dining rewards as the main event, not an afterthought. It skips the steep annual fees and cumbersome coupon-esque rewards that cardholders have come to expect from dining rewards programs, and focuses on what’s important: pure, unlimited dining rewards.

If your recycling bin runneth over with takeout containers, the Capital One® Savor℠ Cash Rewards Credit Card is an obvious choice.

Capital One® Savor℠ Cash Rewards Credit Card

Capital One® Savor℠ Cash Rewards Credit Card

Apply Now on Capital One's secure site
  • Recommended Credit Score
  • 690
    850
    Good - Excellent
  • Card Details
  • Pros

    • Bonus cash back categories
    • No annual fee
    • 0% on Purchases and Balance Transfers for 9 months
    • No foreign transaction fee

    Annual Fees

    $0

    APR

    • APR: 15.49% - 24.49% Variable APR
    • Cash Advance APR: 24.49%, Variable

    Bonus Offers

    Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening

    Intro APR

    • 0% on Purchases and Balance Transfers for 9 months
  • Additional Information
    • Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
    • Earn unlimited 3% cash back on dining, 2% on groceries and 1% on all other purchases
    • 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 for 9 months; 15.49%-24.49% variable APR after that
    • 0% intro APR on balance transfers for 9 months; 15.49%-24.49% variable APR after that; 3% fee on the amounts transferred within the first 9 months
    • No annual fee
    • No foreign transaction fees

Did you know?

The Capital One® Savor℠ Cash Rewards Credit Card launched in October 2017, replacing the Capital One® Premier Dining Rewards Credit Card. Though it offers the same core rewards, it also comes with more features than the previous version, including a bigger sign-up bonus, an introductory 0% APR period and contactless technology.

Key features

Here are some fast facts about the Capital One® Savor℠ Cash Rewards Credit Card:

Annual fee: $0

Sign-up bonus: Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening

Introductory 0% APR: 0% on Purchases and Balance Transfers for 9 months, and then the ongoing APR of 15.49% - 24.49% Variable APR

Rewards:

  • 3% cash back on dining
  • 2% cash back at grocery stores
  • 1% cash back on all other purchases

Foreign transaction fees: None

Minimum redemption requirement: None

Other features: Contactless technology

» MORE: Capital One credit cards mobile app review

Why you might want the Capital One® Savor℠ Cash Rewards Credit Card

EASY-to-earn rewards for frequent diners

You can get plenty of value out of the Capital One® Savor℠ Cash Rewards Credit Card, even if you don’t dine exclusively at three-star Michelin restaurants. That’s because the card has a generous definition of “dining.” Aside from sit-down restaurants, you can also earn 3% rewards at bars, coffee shops, nightclubs, fast-food joints and other eateries. You also get bonus rewards for dining in: The card offers 2% cash back at grocery stores.

Unlike some of its competitors, this card doesn’t impose minimum redemption requirements or limit your rewards after you spend a certain amount.

Solid side Benefits

The most valuable feature on the Capital One® Savor℠ Cash Rewards Credit Card is its ongoing rewards rate on dining. But the card also comes with a slew of other goodies that make it a more appealing option for some, such as the:

  • Sign-up bonus: Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Introductory 0% APR: 0% on Purchases and Balance Transfers for 9 months, and then the ongoing APR of 15.49% - 24.49% Variable APR
  • Contactless technology: Like some of Capital One’s other cards, you can make a purchase on this card by tapping your card against a contactless-enabled card reader, rather than swiping or dipping

If you’re debating between this card and another, these extras could be deciding factors for you.

No ANNUAL FEE

Most cards that offer bonus rewards for dining are also fancy travel cards — with steep annual fees. That’s a pain if you aren’t spending thousands of dollars in the card’s bonus categories.

The Capital One® Savor℠ Cash Rewards Credit Card offers more breathing room with its annual fee of $0. There’s no need to worry about spending a certain amount before breaking even on rewards.

Why another card might be better

YOU SHOP AT COSTCO

We would be remiss if we talked about no-annual-fee dining credit cards from major issuers without mentioning Costco’s popular co-branded card, the Costco Anywhere Visa® Card by Citi. This card offers unlimited 3% cash back at restaurants, in addition to other bonus categories, making it a superb option for dining enthusiasts. It’s also a better choice if you do most of your shopping at Costco, since it offers an unlimited 2% back on Costco purchases. The Capital One® Savor℠ Cash Rewards Credit Card, by contrast, is a Mastercard and isn’t accepted at Costco.

The Costco Anywhere Visa® Card by Citi has an annual fee of $0, but, of course, you must be a Costco member, which has its own fee (at least $60 a year, as of this writing). If you’re going to pay that fee anyway, it’s an excellent pick.

YOU DON’T DINE OUT FREQUENTLY

The Capital One® Savor℠ Cash Rewards Credit Card offers decent rewards on groceries, but not extraordinary. If you buy almost all your food at a supermarket, a dining card isn’t the best choice. Go with one that focuses on grocery store purchases instead.

Try the Blue Cash Preferred® Card from American Express, which offers 6% cash back at U.S. supermarkets, up to the first $6,000 in spending each year and 1% after that. Terms apply. The card has an annual fee of $95. But if you spend at least $46 on groceries each week, it would be a better deal than the Capital One® Savor℠ Cash Rewards Credit Card.

You can also visit NerdWallet’s best credit cards page to see how these cards compare versus other cash-back alternatives.

Is the Capital One® Savor℠ Cash Rewards Credit Card right for you?

Foodies and takeout connoisseurs may want to clear a space in their wallets for the Capital One® Savor℠ Cash Rewards Credit Card. It’s one of the best $0-annual-fee dining credit cards available.

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