For many credit cards, dining rewards are an afterthought. Sure, you might earn bonus points, but you still earn more points on other purchases. The Capital One Savor Cash Rewards Credit Card prioritizes dining, entertainment, at grocery stores (excluding superstores like Walmart® and Target®), and select streaming service purchases. If you want to earn cash back on your daily purchases, you might want to add this $0 annual fee credit card to your wallet.

$200 Cash Bonus: Capital One Savor Cash Rewards Credit Card

Lobster roll at the Sand Bar.

Capital One Savor Cash Rewards Credit Card Review 

There are three reasons why you should consider the Capital One Savor Cash Rewards Credit Card:

  • Want maximum dining and entertainment rewards
  • Prefer cash rewards
  • $0 annual fee

There is also a $0 foreign transaction fee. 

With the Savor credit card, you can earn 8%, 5%, 3%, or 1% back, depending on the purchase.

8% Cash Back at Capital One Entertainment

Capital One Entertainment purchases earn 8% cash back. This includes tickets purchased through the Capital One Entertainment ticketing platform with your Savor Cash Rewards Card.

However, cardholders won’t earn 8% on tickets purchased through the Capital One cardholder exclusive pre-sales page, and tickets purchased directly through the Capital One Hall or Capital One Arena ticketing services, and dining reservations or purchases through Capital One Dining.

5% Cash Back on Hotels and Rental Cars Booked Through Capital One Travel

Cardholders can enjoy 5% Cash Back on hotels and rental cars booked through Capital One Travel (terms apply). Considering that this card isn’t a travel card, getting 5% cash back on select travel purchases is a sweet deal. 

Get 3% Cash Back on Dining, Entertainment, Select Grocery Stores, and Streaming Services

The main reason to get the Capital One Savor Cash Rewards Credit Card is for dining, entertainment, select grocery stores, and select streaming services. If you find yourself ordering in and streaming movies on weekends, you’re a prime candidate for this card.

What Are Dining Rewards?

Capital One defines the following purchases as dining rewards:

  • Restaurants
  • Cafes
  • Bars
  • Lounges
  • Fast Food Chains
  • Bakeries

These purchases earn 3% cash back. 

What Are Entertainment Rewards?

In a nutshell, entertainment rewards are things you do outside the home:

  • Movie theaters
  • Sports promoters
  • Theatrical promoters
  • Amusement parks
  • Aquariums
  • Zoos
  • Dance halls
  • Record stores
  • Pool halls
  • Bowling alleys
  • Tourist attractions

Golf courses, collegiate sporting events, and non-industry entertainment merchant codes like cable, digital streaming, and membership services are not included.

This bonus category is pretty broad. If you like having fun around town, you won’t have a problem getting 3% back. 

Streaming Services

The streaming services category is a Capital One Savor Card perk added in 2021. Eligible music and video streaming services, including Netflix®, Hulu®, and Disney+, are purchases that earn an unlimited 3% back. 

Some services, such as Prime Video, AT&T TV, and Verizon FIOS On Demand, are excluded, as well as audiobook subscription services and fitness programming.

Grocery Purchases

When you’re hungry, you have two options. First, you can go to a restaurant. Second, you go to the grocery store and cook your own meal.

The Capital One Savor Cash Rewards Credit Card covers both of these options with bonus points. We already know about the 3% back on dining. Now, you get 3% back at the grocery store. It’s nice to know you earn bonus cash on food purchases. Earn unlimited 3% back at:

  • Supermarkets
  • Meat lockers, freezers, and dairy product stores
  • Specialty markets.

This excludes superstores like Walmart® and Target®. The reason why you must go to a supermarket to get 3% back is that these stores’ primary focus is selling food. Other grocery credit cards have the same policy as the Savor credit card on this topic.

Signup Bonus

New Capital One Savor Cash Rewards Credit Card cardholders can earn a one-time $200 cash bonus after spending $500 on purchases within the first 3 months from account opening.

Note that this bonus can only be earned once. 

Redeeming Your Rewards Points

Your only redemption option is cash back. Unlike many other cash back credit cards, there isn’t a redemption minimum. This means you can redeem your balance when it’s only $1.

Additional Capital One Savor Cash Rewards Credit Card Benefits

Cash rewards credit cards usually don’t have the most lavish additional card benefits. It’s a tradeoff for earning larger purchase rewards. But, you can still enjoy some of these additional card benefits.

Price Protection

If you buy an item and the price drops with 120 days of purchase, Capital One can refund you the difference. This is a benefit that other rewards cards have been removing. It’s something to keep in mind with your big-ticket purchases.

Extended Warranty

On select purchases, Capital One extends your purchase warranty when the original warranty ends.

No Foreign Transaction Fee

When you travel abroad, you won’t lose your bonus rewards to foreign transaction fees.

Also, you can use Capital One’s complimentary travel concierge service. With this service, they help you research and book dining, entertainment, and travel.

Capital One Savor Cash Rewards Credit Card: Is It Worth It?

The Savor credit card is worth it if you spend a lot of money on dining and entertainment each year. Plus, having $0 annual fee makes this card even more enticing. 

With travel rewards cards, you have the potential to make your points worth more. But, the bonus rewards have to match your most common purchases.

Pros of the Capital One Savor

  • Unlimited bonus rewards on dining, entertainment, select streaming services, and groceries
  • No foreign transaction fee
  • Discount access to Capital One dining, sports, and entertainment events
  • No redemption minimum for cash rewards
  • $0 annual fee

Cons of the Capital One Savor

  • Only good if you spend a lot on dining and entertainment
  • Can’t transfer rewards for travel miles
  • Good to excellent credit is needed for this card

Summary

As explained, the Capital One Savor Cash Rewards Credit Card is a good choice if you are looking to earn cash rewards for large or frequent dining, entertainment, and grocery purchases. However, if you are looking for more than cash rewards or don’t spend enough to earn much back, perhaps you might consider alternatives.

$200 Cash Bonus: Capital One Savor Cash Rewards Credit Card

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