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Capital One Savor Serves Up a Smaller Sign-Up Bonus

Feb. 25, 2020
Cash Back Credit Cards, Credit Cards, Promos
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  • Capital One® Savor® Cash Rewards Credit Card
  • Capital One® SavorOne® Cash Rewards Credit Card

As a result, offers described on this page may be out of date. See our best credit cards page for updated offers.

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 after you spend $3,000 on purchases within the first 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: $0 intro for the first year, then $95.

» MORE: Full review of the Capital One® Savor® Cash Rewards Credit Card

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 $150 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.

» MORE: NerdWallet’s best cash-back credit cards

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