Capital One Savor card review: a strong option for cash back on dining and entertainment

capital one savor

  • An industry-high 4% cash back on dining and
    entertainment makes the
    Capital One Savor Cash Rewards Credit Card
     one of the highest
    earning cards for those who spend a lot on food.
  • Benefits are redeemable in cash, giving greater
    flexibility over point systems.
  • New card members get a $300 sign-up bonus after
    spending $3,000 in the first three months, and $0 annual fee for
    the first year.  
  • Read on for the full Savor card review and to see how
    much the average American saves using this card.

There’s a general rule when evaluating which rewards credit
cards are right for you, and that’s how do you earn rewards and how
do you “burn,” or spend, them. While some rewards cards benefit
travelers or small business owners, the
Capital One Savor
benefits virtually anyone who goes out to eat
— with a whopping 4% back on dining and entertainment, earned in
straight cash.

Capital One Savor Cash Rewards Card details

Annual fee: $95 (waived the first year)

Sign-up bonus: $300 back after you spend $3,000
on purchases in the first three months

Cash-back earning: 4% back on dining and
entertainment, 2% at grocery stores, and 1% back on all other

Foreign transaction fee: None

How much will I save?

When looking for credit card rewards programs, many people have
a deserved skepticism when it comes vague terms — as often times
deals can sound much better in theory than their restrictions make
them in actuality. However in the case of the
Capital One Savor
, the 4% earned at “dining” truly means
anywhere you’d go out to eat — restaurants, cafes, bars, lounges,
fast-food chains, and bakeries.

In the same vein, virtually anything you’d consider as
entertainment outside your house — including movies, plays,
concerts, sporting events, tourist attractions, or theme parks —
all qualify for the high 4% cash-back bracket. Additionally, the
card earns 2% at grocery stores and 1% on everything else, making
it an excellent all-around spending card.

Based on
existing data
, by using this card the average 35- to
54-year-old American would be earning $168 a year back on dining,
$101 for groceries — and for those who go to sports games and
concerts, and additional $108 on venue admissions.The
combined $377 a year in cash back
is absolutely worth it
in the first year when there is no annual fee, and still worth $282
after the fee kicks in.

Sign-up bonus

In addition to the cash back on spending, the Capital One Savor
has a nice $300 sign-up bonus when you spend $3,000 or more in the
first three months from opening the card. The cash doesn’t expire
for the life of the account, and there’s no limit on how much you
can earn.

Get access to even more events

Capital One Savor Rewards
card also offers exclusive premium
access to a variety of events, including VIP packages to sports
games and concerts, and access to curate chef collaborations.

These aren’t just vague small name events either. A list of
previous and upcoming experiences include discounts of up to 10%
for Washington Capitals and Wizards games, presales to the
iHeartRadio Jingle Ball festival, and exclusive access to the Food
Channel’s Wine and Food Festival.

Additional Savor card benefits

In addition to cash back, the
Capital One Savor
 card has many of the travel and warranty
services associated with all Capital One cards, including:

  • Extended warranty — The Capital One Savor
    extends warranties for many items with manufacturer warranties of
    less than three years, and for less than $10,000.
  • Auto rental collision damage waiver — Get
    automatic collision damage on rental cars when making the entire
    booking on your Savor card.
  • Travel accident insurance — Get coverage up
    to $100,000 on medical expenses in the case of accidents that occur
    while on a trip booked through your Savor card.
  • 24-hour travel assistance — If you lose
    your card while traveling, Capital One will immediately send you an
    emergency card with a cash advance.

The bottom line

Capital One Savor Cash Rewards Credit Card
card is a simple and
straightforward card, ideal for those who enjoy spending while out,
and having their rewards in the form of cash, instead of travel or
hotel points.

The 4% cash back on dining and events is as high as we’ve seen,
and Capital One has very fair interpretations as to what constitute
those categories. Even average American spending habits justify the
$95 annual fee, and the waived annual fee in the first year along
with a $300 sign-up bonus make it an enticing card to open.

here to learn more about the Capital One Savor Cash Rewards card
from our partner The Points Guy

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Source: FS – All – Economy – News
Capital One Savor card review: a strong option for cash back on dining and entertainment