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Capital One Savor Rewards Credit Card Review

overall rating

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The Capital One Savor Rewards is a card designed with foodies in mind. It offers unlimited 4% cash back on dining and entertainment, 3% back at grocery stores, and 1% back on all other purchases.

Capital One Savor Cash Rewards Credit Card

Overall Rating
Capital One Savor Cash Rewards Credit Card
On Capital One's Secured Site.
Current Offer

$300 Cash Back after you spend $3,000 on purchases within 3 months from account opening.

Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 17.49% - 25.49% variable
Annual Fee $95
Rewards Earning Rate Earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
Balance Transfer Fee 3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR.
Foreign transaction fee (%) 0%
how this card stacks up
When compared among all rewards cards in our database:
Low Fees
Security/Customer Experience
Low Interest
worst best

The Capital One Savor Rewards Card is not one of our top-rated cash back credit cards. You can review our list of the best cash back credit cards for what we think are better options.

Full Review of Capital One Savor Rewards Credit Card

  • Ample cash back rewards on food and entertainment

  • Solid cash back bonus offer

  • Exclusive opportunities to earn even more cash back

  • No 0% introductory APR for purchases or balance transfers

  • Excellent credit may be required for approval

Pros Explained

  • Ample Cash-Back Rewards on Food and Entertainment: This card's best rates are reserved for food-related categories. Members earn unlimited 3% cash back on eligible dining and entertainment purchases, including purchases made at restaurants, cafes, bars, lounges, fast-food chains, bakeries, movie theaters, aquariums, zoos, and tourist attractions. You also earn 2%, the card's second-best rate, on grocery spending. No spending cap kicks in to limit the amount of cash back you can earn in these categories. 
  • Generous Cash Bonus: The Capital One Savor offers a one-time cash bonus offer of $300. To qualify for the $300, you'll need to spend $3,000 on qualifying purchases within three months of opening your account, where competitors can require $1,000 in spending to earn their bonuses. 
  • Exclusive Opportunities to Earn Even More Cash Back: In addition to the regular cash back rewards rate on dining and entertainment, Capital One also offers additional ways to earn cash back bonuses from time to time.

Cons Explained

  • No 0% Introductory APR for Purchases or Balance Transfers: The Capital One Savor Rewards doesn't offer an introductory 0% APR on balance transfers or purchases, although there’s at least no fee imposed for transfers to the card. The regular variable APR of 17.49% to 25.49% applies, making this card a less than ideal choice for transferring a balance or making a large purchase that you plan to pay off over time. 
  • Excellent Credit Recommended for Approval: Capital One assigns each of its cards a credit level that's recommended for approval to help applicants gauge how likely they are to be approved. This card suggests a credit level of "Excellent," which could make it harder to qualify if you have fair or good credit. It may be worthwhile to check your credit report and score before applying to determine if your score lands in the "Excellent" range.

This Card is Best For

  • Avatar for Cash Back Strategist Persona
    Seeks to maximize cash back earnings across spending categories
    Cash Back Strategist
  • Avatar for Frequent Diner Persona
    Dines out regularly while traveling or in home city
    Frequent Diner
  • Avatar for Head of Household Persona
    Primarily responsible for household grocery and other major purchases
    Head of Household

With generous and unlimited 4% cash back on dining out and entertainment, the Capital One Savor Rewards card is best-suited to someone who regularly enjoys nights on the town. The fairly high minimum spending requirement for the bonus makes this card most appropriate for someone who charges at least $1,000 in purchases each month. 

You might also consider the Capital One Savor Rewards even if you mostly cook your meals at home, since you can earn unlimited 3% cash back at grocery stores. If you’re a typical household, spending about $4,900 a year on groceries, food spending alone would yield $147 a year in cash back earned at the 3% rate, which more than covers the annual fee. The 4% cash back earnings from dining, entertainment, and streaming services, along with the 1% rewards on all other spending, should then place the cardholder firmly into the black for the year.   

Capital One Savor Credit Card Bonus

The $300 cash bonus is available to eligible cardmembers who meet the minimum spending requirement. Again, this breaks down to spending $100 per month during the first three months after opening a new account. This bonus is available on top of the regular cash back rewards you're already earning for the qualifying purchases.


All About Rewards Credit Cards

Rewards Earning Details

This card has three tiers for earning rewards. The first is a 4% cash back rate for dining, entertainment, and certain streaming services. Generally, you can earn 4% cash back rewards on just about anything from fast food to fine dining to concert tickets. There are, however, some disqualifications, including purchases from food trucks, meals bought at hotels, and the food counters at grocery stores (unless the store classifies itself as primarily a dining merchant.) 

The 3% cash back rewards rate is good on purchases made at grocery stores. Capital One categorizes supermarkets, meat lockers, freezers, dairy-product stores, and specialty markets as grocery stores. It's worth noting that grocery purchases made at superstores like Walmart or Target don't qualify for the 3% rewards rate. Those purchases qualify only for the 1% cash back rate, along with all other purchases that aren't categorized as dining, entertainment, groceries.

Through Capital One's partnership with Vivid Seats, cardmembers earn 8% cash back on ticket purchases through the site. This offer is good through January 31, 2023. As long as your account remains open and in good standing, any rewards you earn never expire.

Rewards Redemption Details

Cash back rewards can be redeemed for a statement credit, check, or as a gift card. You can set up an automatic redemption to redeem rewards on a recurring date or once your rewards balance reaches a dollar amount you specify. There's no minimum amount of cash back required for a redemption, and you can redeem rewards at any time, as you see fit. 

Gift cards are sold on a 1:1 basis—that is, you receive a card with the same value as the rewards you used to buy it. Partners range from Target, Walmart, and Sam's Club through Amazon and Macy’s to Subway, Cracker Barrel, Panera, and Outback Steakhouse. Cards are issued only as physical cards that are mailed to you. 

How to Maximize Your Rewards

Maximizing rewards with this card begins with qualifying for its $300 introductory cash back bonus. That might be easy to do if you have a purchase of $3,000 or more to make upon opening the account. If not, be vigilant about charging to the card all purchases until you reach the limit—not, say, only those like dining and entertainment that earn the highest cash back rates. Just be careful not to spend beyond your means.

You can continue to maximize your cash back earnings by using your card widely, and especially for dining, entertainment and grocery store purchases, and on any streaming services you subscribe to. Let's assume you go out more than most people and spend $750 per month on dining and entertainment (which is 25% above the norm, according to the Bureau of Labor Statistics) and $400 on groceries (about the average). On an annual basis, you'd earn $360 in cash back on the former and $144 on the latter, for a total of $504. 

Then keep track of any current special promotions that might suit your spending. For example, if you’re in the market for resale tickets for sports and entertainment, you can take advantage of 8% cash back on purchases from Vivid Seats until at least January 2023.

Capital One Savor Credit Card's Outstanding Benefits

  • Exclusive access to culinary experiences
  • Save money instantly with Paribus
  • Find the best price on online purchases with Capital One Shopping
  • Complimentary 24/7 concierge service

Standard Benefits

  • Extended warranty protection
  • Travel accident insurance
  • 24-hour travel assistance services
  • Access to exclusive tickets for entertainment and sporting events

Cardholder Experience

Capital One earned a rating of 815 in J.D. Power's 2021 Credit Card Satisfaction Study. This rating puts it third, behind Discover and American Express, for overall customer satisfaction with credit cards. 

This card comes with a number of fairly standard features that help make managing your account easier, including Autopay, 24/7 customer service access and online and mobile banking access. You can also text Eno, the Capital One Assistant, to get your account balance or pay bills using your card on the go. 

CreditWise is Capital One's credit monitoring service, which is free to use. You can get regular credit updates based on information in your TransUnion and Experian credit reports. 

If you have questions, you can tweet @AskCapitalOne or call customer service at 1-800-CAPITAL (1-800-227-4825). The company, however, has no chat or email options for customer service, at least as available through its website.

Security Features

Capital One offers a number of standard security services on its cards, including:

  • Credit fraud alerts, via text, email, and phone
  • Virtual card numbers for online shopping
  • Ability to lock your card if it's lost or stolen
  • $0 fraud liability protection in the event that your card is used to make unauthorized purchases

Our Verdict

In contrast to cards whose best rates are on everyday essentials such as gas and groceries, the Capital One Savor Rewards credit card emphasizes less-humdrum spending on dining and entertainment. Its 4% cash back on these categories, with no cap on earning it, makes it one of the more lucrative cards for those who often enjoy a night on the town. 

Its $95 annual fee, while a potential drawback for casual diners, should be worth it for those who spend more than most on eating out, and on tickets to sports and other events and attractions. Further adding to its appeal is a very solid 3% cash back for groceries, although other cards might be better bets, including some that have no annual fee, if your primary interest is to earn grocery rewards. 

The introductory cash back bonus is another nice incentive to open an account, since the bonus is quite a bit higher than what some other cards offer. But so is the required spending—of $3,000 within three months—which further underlines that this is a card for relatively high rollers. 

If you're more typical in how often you go out, and how much you spend when you do, you other cards allow you to earn dining and entertainment rewards without the annual fee. An example is the Capital One SavorOne credit card, which lacks an annual fee and offers 3% on the same dining and entertainment purchases as this card—and has an introductory bonus that requires a fraction of the spending.

Next Steps
For Capital One Savor Cash Rewards Credit Card
on Capital One's Secured Site.
Compare This Card
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Capital One Savor Cash Rewards Credit Card
overall rating
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 17.49% - 25.49% variable
Annual Fee $95
Rewards Earning Rate Earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.