The Capital One Savor Rewards Card requires excellent credit and provides equivalent rewards. There are no limits to the amount of cash back each account can earn and with 4% on dining and entertainment and 2% on groceries, this is an easy card to earn rewards with for most.
However, the Savor Rewards card does come with an annual fee and a few other sticking points. The good news is this fee is waived for the first year, there is a significant cash back bonus for using the card, and some promotional offers can earn far more cash back than the standard offer. You can learn more about these things and the basic stats of the Savor Rewards Card by reading the full review below.
Why Am I Identified for a Savor getmyoffer.capitalone.com Card?
The Savor Rewards Card is best for anyone that dines out a few times a week or that has a relatively high grocery bill. In terms of numbers, the Savor Rewards Card makes sense if you're spending more than $1,000 per year on restaurants and other dining expenses outside of supermarkets and fast-food restaurants.
If you are spending over $10,000 per year on dining expenses or qualifying entertainment, this card makes sense. If you don't spend quite that much, the zero-annual-fee SavorOne might be the better option.
The APR for purchases and balance transfers with the Savor Rewards Card comes in three tiers. For those with the best credit, you're looking at an APR around 15.99%. For those with credit that just barely qualifies as "excellent", you can expect APR closer to 24.99%. In the middle of these highs and lows is APR at 21.49%. Any of these numbers can be expected to change based on the Prime Rate as this is a variable rate credit card.
Cash advances have a single variable rate for all Savor Rewards Card cardmembers. At present, the APR for the cash advances made with the Savor Rewards Card is 24.99%. Again, this cash advance APR can vary with the Prime Rate.
- Annual Fee – The annual fee for the Savor Rewards Card is waived for the first year. After the first year, the annual fee for the Savor Rewards Card is $95.
- Cash Advance Fee – The cash advance fee for the Savor Rewards Card is the greater of $10 or 3% of the total amount of the cash advance.
- Foreign Transaction Fee – There is no foreign transaction fee for the Savor Rewards Card.
- Late Payment Fee – There is a late payment fee of $39 with the Savor Rewards Card.
- Return Payment Fee - The Capital One Savor Rewards Card at getmyoffer.capitalone.com has no stated return payment fee. However, a returned payment is likely to incur another type of fee.
- Authorized User Fees – There are no authorized user fees with the Savor Rewards Card.
- Balance Transfer Fee – There is no transfer fee for typical balance transfers with the Savor Rewards Card. However, if you receive an offer of low APR, 0% APR, or another type of promotional APR, there will be a 3% fee for each balance transfer up to your balance transfer limit.
The offer from getmyoffer.capitalone.com for Savor Rewards Cards offers unlimited 4% cash back on dining and entertainment expenses. This means you can get 4% back on your morning coffee as well as dinner out with your family. Qualifying entertainment expenses include aquariums, zoos, movie theaters, and theatrical events. Your cable bill will not qualify. Rotating and one-off promotions occasionally allow cardmembers to earn additional cash back up to 10%.
However, in addition to dining and entertainment, new getmyoffer.capitalone.com cards also earn bonus cash back at a rate of 2% at grocery stores and supermarkets. Superstores and department stores are excluded. All other qualifying purchases earn 1% cash back. There are no caps or limitations aside from qualifying merchant codes.
Pros – Advantages of the Capital One Savor Rewards Credit Card
The rewards program with the Capital One Savor Rewards Card is the biggest advantage of the card.
- 4% Back on Dining and Entertainment – The Savor Rewards Card offers more than the comparable SavorOne on dining and much more than non-dining rewards cards.
- Introductory Offer - $300 for spending $3,000 that you would have spent anyway isn't a terrible introductory offer.
- Promotional Bonuses – Savor Rewards Card members will, on occasion, be shown offers that allow them to make purchases in select entertainment categories or with select entertainment vendors that allow them to earn additional cash back.
- Annual Fee Waived for the First Year – There's no cost to try the Savor Rewards Card for a single year.
Cons – Disadvantages of the Capital One Savor Rewards Credit Card
The application and approval restrictions may be the Savor Rewards Card's biggest drawback.
- The Zero-Annual-Fee Option – The SavorOne is a credit card also offered by Capital One that has nearly every perk that the Savor Rewards Card does. The only difference is that the Savor Rewards card comes with an additional 1% back on dining. However, the Savor Card's annual fee means you have to spend over $9,500 on qualifying dining and entertainment for that 1% to make a difference.
- Average Beyond Rewards – The Capital One Savor Rewards Card has a very specific customer in mind. If you aren't likely to spend thousands on dining and qualifying entertainment, there may be a better rewards card out there geared toward your particular spending habits.
Intro for Pre-approved getmyoffer.capitalone.com Savor Notices
The Capital One Savor Rewards Card only has one primary welcome offer. This offer comes in the form of a statement credit. To earn the credit, a new cardmember will need to spend $3,000 in qualifying purchases within 3 months of their new Savor Rewards Card account opening. If the threshold is met or exceeding, qualifying cardmembers should see a $300 cash back bonus within 90 days.
If you spend more than $10,000 on qualifying dining or entertainment expenses every year, it makes sense to upgrade to the Savor Rewards Card. This card offers 1% more back on dining and entertainment expenses than the SavorOne and spending more than $10,000 will ensure that you make up more than the annual fee of $95.