Capital One Savor Cash Rewards Credit Card
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Key Benefits of the Capital One Savor Cash Rewards Card
Earn Cash Back on Everyday Purchases
3% Cash Back on eligible grocery store purchases (excluding superstores like Walmart® and Target®), dining, entertainment, and popular streaming services.
5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply).
8% Cash Back on Capital One Entertainment purchases.
1% Cash Back on all other transactions.
Sign-Up Bonus
$250 Cash Back when you spend $500 on purchases within the first 3 months of opening your account.
Annual Fee
$0 – No annual fee, keeping your costs low.
Highlighted Features
Limited-Time $250 Bonus – Spend $500 within the first 3 months and receive a $250 cash bonus.
Unlimited 3% Cash Back – On purchases made at grocery stores (excluding Walmart® and Target®), dining, entertainment, and streaming services.
8% Cash Back – On purchases made through Capital One Entertainment.
Unlimited 5% Cash Back – On hotel stays and rental cars booked through Capital One Travel.
No Limits or Expiration – Your cash back never expires, and there’s no cap on how much you can earn.
Introductory 0% APR – For purchases and balance transfers for the first 15 months; after that, a variable APR of 19.74% - 29.74%. Balance transfer fees apply.
No Fees on Foreign Transactions – Use your card abroad without worrying about additional charges.
No Annual Fee – Save more with no yearly cost.
Editor’s Review
Advantages
No Annual Fee – Keep more of your rewards with no annual cost.
Introductory 0% APR – 0% APR for the first 15 months on purchases and balance transfers, then a variable APR of 19.74% - 29.74%.
Great Cash Back Potential – Earn cash back on a wide range of purchases with no expiration or earning limit.
Generous Bonus – Get a $250 cash bonus after spending $500 within the first 3 months.
Disadvantages
Ideal for Food & Entertainment Spending – This card is a great option for those who spend heavily on groceries or dining out. If your spending doesn’t align with these categories, you may want to consider a card that offers higher rewards in other areas.
Final Thoughts
The Capital One Savor Cash Rewards Card stands out for its high rewards rate on everyday purchases like groceries, dining, and entertainment, along with a generous welcome offer and no annual fee. It's especially beneficial for those who frequently spend in these categories, making it a solid choice for cash-back earners. However, if your spending habits differ, you may want to explore other options that provide higher rewards in areas that match your lifestyle. Overall, this card offers great value, especially for those looking for an easy, no-fuss rewards program.
