Capital One Savor Rewards review: a cashback credit card!
The Capital One Savor Rewards credit card gives you an excellent cash-back earning rate and an amazing welcome bonus.
Capitalize on your spending at a high rate with this card
The Capital One Savor Rewards credit card earns 4% cash back on dining and a broad range of entertainment. It also earns 3% on grocery store purchases. You can check this and much more in this Capital One Savor Rewards review.
- Credit Score: Excellent
- APR: 17.49%, 22.49% or 25.49% variable APR
- Annual Fee: $95
- Fees: N/A
- Welcome bonus: $300 after spending $3,000 within the first 3 months from account opening
- Rewards: 4% cash back on dining, entertainment, and popular streaming services, 3% on grocery purchases, 1% on all other purchases, and up to 8% on tickets purchased through Vivid Seats
This card is an especially good choice if you are big into nights out. Frequent restaurants, movies, and show goers are going to love it.
Plus, it offers an amazing welcome bonus, in fact, one of the biggest among cash-back credit cards.
Capital One Savor Rewards credit card: how does it work?
The Capital One Savor Rewards offers a one-time $300 cash bonus after you spend $3,000 on purchases within the first 3 months from account opening.
This credit card defines dining, entertainment and groceries as it follows.
In the category of dining are restaurant purchases, coffee shops, fast-food places, lounges, bars, bakeries, nightclubs and more.
In the category of entertainment, you will find movie tickets, as well as plays, concerts and sporting events tickets.
There are also tourist attractions, theme parks, zoos, pool halls, aquariums, dance clubs and bowling alleys.
Entertainment does not include subscription services like digital streaming, cable TV.
But do not worry, for streaming is a category of its own and earns you a 4% bonus. Eligible streaming services include Netflix, Hulu and Disney+.
Grocery purchases include specialty markets, meat lockers and supermarkets. However, it does not cover superstores like Walmart and Target.
To make your Capital One Savor Rewards credit card pay for itself you should be spending at least $2,375 a year in combined purchases in the categories above.
It may seem like a lot, but if you are out on the town several nights a week, this is really not a very high bar.
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Significant benefits and disadvantages of the Capital One Savor Rewards
Now that you know some of the bonuses this credit card has to offer, how about a comparison?
Let’s put the pros and cons side by side in this Capital One Savor Rewards review and see if this card is what you have been looking for.
- Generous welcome bonus
- Excellent rates on dining and entertainment
- Broad entertainment category
- No foreign transaction fee
- High annual fee
- No intro 0% APR
- The annual fee is hard to offset
- Only a slight upgrade from the SavorOne
Is a good credit score required for applicants?
The Capital One Savor Rewards credit card requires excellent credit to qualify. Applicants must have a credit score of 720 or better to be eligible.
Learn how to apply and get a Capital One Savor Rewards credit card
Applying for the Capital One Savor Rewards credit card is a very straightforward process. You will be doing everything online, and the whole thing should not take more than a few minutes.
If you would like to apply, we have prepared a complete walkthrough of the process.
So have your personal information at hand, click the link below, and we will show you how to do it.
About the author / Danilo Pereira
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