That would be a pretty good deal, probably worth hanging on to. The Points Guy will not sell your email. It earns rewards at a good rate for dining, and has some other attractive features as well. DISCLAIMER: All information posted to this site was accurate at the time of its initial publication. If you spend enough in those categories to offset the card’s modest $95 annual fee, the Savor card can be a great addition to your wallet. Travel purchased through Chase Ultimate Rewards One drawback is you’ll have to activate your categories every quarter by a deadline, and there is a foreign transaction fee, so you’ll probably want to pair this card with one without foreign transaction fees if you’re leaving the country. With the Capital One SavorOne Cash Rewards Credit Card, new cardmembers can receive a generous one-time $200 cash bonus if they spend $500 … The Capital One Savor Cash Rewards Card is a strong option in the world of cash-back cards. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. (It previously offered 3% just for dining.). New to credit cards? Spending Rewards5% cash back on: But it doesn’t have an … With most cash-back cards today, the name of the game is simple, uncapped bonus categories that reward you where you spend the most. Please view our advertising policy page for more information. The Savor card is currently offering a sign-up bonus of $300 after you spend $3,000 in the first three months. 5% cash back in rotating categories, up to $1,500 in spending each quarter, then 1%3% cash back at: One of the biggest benefits of cash-back rewards is that there’s no “analysis paralysis” where you have to agonize over getting the best possible redemption value. The Capital One Savor Card immediately became one of the best credit cards for bonus rewards on dining and entertainment when it hit the market because it gives unlimited 4% cash back in those spending categories, to go along with 2% cash back at … Featured image by John Gribben/The Points Guy. One of the best things about Capital One Savor is that it gives 4% cash back on dining and entertainment purchases, along with 2% back at grocery stores and 1% on all other purchases. The Savor Card offers 4% cash back in those purchase categories, to go along with 2% cash back at grocery stores and 1% back on everything else. Capital One advertises this card as needing “Excellent” credit so you know that your score needs to be in decent shape before applying. The Capital One SavorOne Cash Rewards Credit Card offers bonus rewards on dining and entertainment, but doesn’t have an annual fee like its sister card. So SavorOne plays its part exceptionally well, but it may not be right for the lead role as your wallet’s everyday workhorse. Capital One Savor Overview The Capital One® Savor® Cash Rewards Credit Card offers strong cash-back earning rates on popular and often overlooked categories, including 4% back on dining and entertainment. Please view our advertising policy page for more information. The Capital One SavorOne Cash Rewards Credit Card, on the other hand, has slightly lower rewards rates … The Capital One Savor Cash Rewards Credit Card is not the worst choice if you want a card for food spending. The Savor card’s 8% cash back with Vivid Seats offers a good return on spend, but this highly specific category doesn’t seem likely to be as much of a selling point as its general dining and entertainment rewards. The Capital One Savor card rewards you for things you already love to do—like spending time with people you love and making memories over food and fun. Other than that these cards are pretty similar. Disclaimer: The responses below are not provided or commissioned by the bank advertiser. It’s always exciting to see a new and/or improved credit card become available. The Chase Freedom Flex℠ (Review) is another good option if you prefer rotating reward categories over the fixed structure. Want to know how you can redeem your cash back? Curious about the difference between Visa and Mastercard? The Capital One SavorOne Cash Rewards Credit Card (Review) is a toned-down version of the Savor card. For rates and fees of the American Express Gold, please click, I would like to subscribe to The Points Guy newsletters and special email promotions. For you to have good credit, your credit scores would need to be within the ranges of 670–739 for FICO and 700–749 for VantageScore. To receive a statement credit, you must use your Venture card to either complete the Global Entry application and pay the $100 application fee, or complete the TSA Pre ® application and pay the $85 application fee. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. Many people have come to associate credit cards rewards with the world of frequent flyer miles or transferable bank points, but every time an airline devalues its award chart (or removes it entirely in favor of more expensive dynamic pricing), fixed value and cash-back credit cards start to look more attractive by comparison. For an explanation of our Advertising Policy, visit this page. The information related to Capital One Savor Cash Rewards Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product. Read full review. Check out our other alternatives below for more options. © 2021 THE POINTS GUY, LLC. If you like the idea of the Capital One Savor card but aren’t sold on the $95 annual fee, then consider getting the Capital One SavorOne Cash Rewards Credit Card instead. With elevated bonus rates on dining and entertainment, you’ll get a lot of cash back on some of the pricier expenses you incur. This post contains references to products from one or more of our advertisers. The Savor card has a welcome bonus of $300 cash bonus once you spend $1,000 on purchases within 3 months from opening your account. This 4% is the highest cash-back amount currently offered across all credit cards for both dining and entertainment, which happen to be two categories that many people spend significant money on. It doesn’t, however, offer a 0% introductory APR period like the SavorOne does. EDITORIAL DISCLOSURE: The editorial content on this site is not provided by the companies whose products are featured. That means you won’t have to worry about a balance transfer fee here. You can earn unlimited cash back, and your rewards never expire. The Capital One® Savor® Cash Rewards Credit Card has an excellent sign-up bonus for a consumer cash-back card: Earn a one-time $300 cash … The benefits are identical, but there is a 0% intro APR offer for purchases. New all-inclusive Hyatt Ziva Riviera Cancun opening Sept. 1, You can now redeem points for crypto — but you may not want to, The Business Platinum Card® from American Express. Capital One has some interesting application rules to be aware of that might restrict your eligibility for this card. All Capital One cards have no foreign transaction fees, a nice feature to have in case you plan to travel outside the country. How Do I Apply for the Capital One Savor Cash Rewards? The Chase Sapphire Preferred offers 2x points on travel and dining which, at TPG’s valuation of 2 cents per point, comes out to a 4% return. Another Disneyland ride is testing out virtual queues — will this be the new norm? After that, Capital One redesigned the Savor card to offer 4% back for restaurants and entertainment, but with a $95 annual fee. If you had the original Savor card with no annual fee, you’ll be grandfathered in to the new rewards program but you won’t have to pay the new annual fee. Advertising partners do not edit or endorse our editorial content. Capital One will often provide an instant decision, but in some cases it may request more information to process the application. This card offers less for the spending rewards and welcome bonus, but also has no annual fee to pay. First off, you can only have two personal Capital One cards at a time, so if you currently have the Capital One Venture Rewards Credit Card and the Capital One Quicksilver Cash Rewards Credit Card, for example, you won’t be eligible to apply for the Savor. If there is one thing I enjoy most when signing up for a new credit card it's the Welcome Bonus. 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