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One of the things I like about Capital One is how many new partnerships they’ve had over the past few years, which adds value for cardmembers. Over the past couple of years we’ve seen valuable partnerships with Uber, Spotify, and hotels.com.
Now Capital One has announced a useful partnership on one of their great cards.
Basics of the Capital One Savor
The card offers a welcome bonus of $500 cash back after spending $3,000 on purchases within the first three months. The $95 annual fee is even waived for the first year.
The Savor has some great bonus categories, especially for those who dine out a lot. The card earns unlimited 4% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases
Capital One Savor & Postmates partnership
Beginning today (December 11, 2018), Capital One Savor cardholders receive a complimentary monthly Postmates Unlimited membership through December 2019. You simply have to pay with the Savor Card and then you’ll get a statement credit for the $9.99 monthly fee.
The card already earns 4% back in dining, which includes Postmates, so this is an opportunity to earn 4% back and get a further awesome benefit.
For those of you not familiar, Postmates Unlimited is a monthly membership that offers free delivery from more than 200,000 merchants. With Postmates Unlimited, customers get $0 delivery fees on orders over $15. They also never pay blitz pricing or get hit with minimum basket fees.
As I’ve written about in the past, I’m a huge fan of Postmates, and use it all the time. I’m a Postmates Unlimited subscriber, and find it to be well worth it. So personally I’d consider this to be a ~$120 value over the next year, which more than covers the annual fee on the card even after the first year.
What do you make of the new Capital One Savor Postmates partnership?