5 Reasons To Get The Capital One® Savor® Cash Rewards Credit Card

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If you spend a lot on dining and entertainment and are looking to earn cash back rewards, then the Savor® Rewards from Capital One® is one of the best cards to consider.

In this post I wanted to share five reasons you should consider getting this card. In no particular order:

A sign-up bonus of $500 cash back

The Savor Rewards Card offers a welcome bonus of $500 cash back after spending $3,000 within three months. That’s a very nice incentive to get an all around very lucrative card.

This is also a card that I know many people haven’t had before, so if you’re someone who has had a lot of the other major credit cards, this is another card to consider.

Note that while my affiliate links in this post continue to show a $500 welcome bonus, I’m not sure how long that will stick around. For example, if I go to the Capital One website I see the card is only offering a $300 bonus there.

Annual fee waived the first year

Long term this card has a reasonable $95 annual fee, though the annual fee is even waived for the first 12 months. I’m a big fan of being able to try a card before I have to “buy it,” so to speak, so I appreciate the waived annual fee combined with the bonus.

4% cash back on dining

This card offers a flat 4% cash back on dining globally, with no caps. The card has no foreign transaction fees either, making this a great card to use for dining both in the US and abroad.

This bonus category doesn’t just include sit-down restaurants, but also includes bars and taverns, fast food restaurants, cafes, bakeries, and more. So this is really quite a broad category.

This is an industry leading cash back offering on dining, along with the Uber Visa Card, which also offers 4% back on dining.

However, I should also mention that if you want to earn points instead, there are several cards that potentially offer a more valuable return. This includes the:

  • Citi Prestige Card ($450 annual fee), which offers 5x ThankYou points on dining globally
  • American Express® Gold Card ($250 annual fee) (Rates & Fees), which offers 4x Membership Rewards points on U.S. dining
  • Chase Sapphire Reserve® ($450 annual fee), which offers 3x Ultimate Rewards points on dining globally
  • Chase Sapphire Preferred® Card ($95 annual fee), which offers 2x Ultimate Rewards points on dining globally
  • Citi Premier℠ Card ($95 annual fee, waived the first year), which offers 2x ThankYou points on dining globally and 2x ThankYou points on entertainment globally

4% cash back on entertainment

One of the unique bonus categories on the Savor Rewards Card is that it offers 4% cash back on entertainment as well.

This includes things like movie theaters, plays, concerts, sporting events, tourist attractions and theme parks, aquariums and zoos, dance clubs, and more.

Free Postmates Unlimited

Since I don’t know how to cook (well, or at least don’t often cook), Postmates is a service that I use an alarming amount.

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.

Through December 2019, those with the Savor Rewards Card get a complimentary Postmates Unlimited membership. Just pay with the Savor Card and you’ll receive a statement credit for the $9.99 monthly fee.

Bottom line

The Savor Rewards Card offers a good welcome bonus, annual fee waived the first year, and strong 4% cash back on dining and entertainment.

Is this card for everyone? No. I’d say there are better options for those who are big into miles & points. However, for someone who spends a lot on dining and entertainment, and who wants to earn cash back, this is an excellent card.

The following links will direct you to the rates and fees for mentioned American Express Cards. These include: American Express® Gold Card (Rates & Fees).

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Comments

  1. This card would be much more appealing if the cashback earned would pool with the “miles” earned via the Venture and Spark cards, allowing for transfers to various airline loyalty programs…

  2. Also 2x on a broad groceries cat: “A supermarket, meat locker, freezer, dairy product store and specialty market. Excludes superstores like Walmart® and Target®.”

    I enjoy using this card! Something different & looks different.

  3. Got my Capital One Master Card. Can’t do much with 300 credit limit. Does not help with your credit score, my score has not moved since I have my card. I always pay my balance in full. No credit limit increase and no positive change in my credit score. Maybe others will have better luck.

  4. Thank you for the tip about the reduced sign on bonus! I have been eyeing this card for a while and was waiting to drop below 5/24. That happened last month and I was waiting until next month to apply. I figured I would rather try now with your link than risk waiting and only have the $300 bonus available.

  5. @DNN If you’re paying interest, you’re doing it wrong. The CC industry has a name for people who pay off their balances each month and never pay interest: Deadbeats

    Be a deadbeat.

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