Capital One Savor Rewards Credit Card Review

We publish unbiased reviews; our opinions are our own and are not influenced by payments we receive from our advertising partners. Learn about our independent review process and partners in our advertiser disclosure.

The Capital One Savor Rewards card is a good pick if you spend big on dining and entertainment. Its top-tier rewards rate for purchases in those categories could generate a lot of cash back—more than enough to make up for the annual fee. Plus, you’ll get decent cash back on groceries, too—so you benefit whether you go out or eat in.

Capital One Savor Cash Rewards Credit Card

Overall Rating
Capital One Savor Cash Rewards Credit Card
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.99% - 23.99% variable
Annual Fee $95
Rewards Earning Rate Earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
Foreign transaction fee (%) 0%
Ratings Breakdown
for Interest
for Fees
for Rewards
for Credit
Current Offer

$300 Cash Back after you spend $3,000 on purchases within 3 months from account opening.

Who Is This Credit Card Best For?

  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain See more cards
    Deal Seeker
  • Avatar for Savvy Saver Persona
    Prioritizes sticking to their budget while buying what they want and need See more cards
    Savvy Saver

The Capital One Savor Rewards card is best for someone with good or better credit who spends a fair amount on dining and entertainment. In fact, cardholders who spend the national average in those categories can earn significant cash back. Consumers who can meet the minimum spending requirement in the first three months to earn the new cardholder bonus will get even more value.

Opt for the Capital One Savor Rewards over its sister card, the Capital One SavorOne Rewards, if you spend more than $9,500 a year, or $792 a month, on dining and entertainment. At that point, you’ll earn more cash back thanks to the Savor Rewards’ higher rewards rate, even accounting for its annual fee.

  • High—and unlimited—rewards on dining and entertainment

  • No foreign transaction fee

  • Easy rewards redemption

  • Annual fee

  • Low rewards-earning rate on non-bonus spending categories

Pros Explained

  • High—and unlimited—rewards on dining and entertainment: The Capital One Savor Rewards’ most impressive feature is its 4% rewards rate for dining and entertainment purchases, as well as for popular streaming services. Only a few competing cards can meet or beat this rate in any category. Plus, earnings are not capped at annual or quarterly spending thresholds.
  • No foreign transaction fee: Using your credit card for international purchases won’t incur extra fees, which is a win for frequent travelers.
  • Easy rewards redemption: You can redeem cash back in any amount at any time. If you don’t want to think about redeeming your rewards, you can set up automatic redemption, and Capital One will do the work for you.

Cons Explained

  • Annual fee: You’ll need to spend at least $2,375 on dining and entertainment each year to earn enough cash back to make up for the annual fee. If you're someone who spends a lot on such purchases, that should be no problem. If you don't want to worry about that annual cost, the Capital One SavorOne card may be a better option.
  • Low rewards-earning rate on non-bonus spending categories: Rewards earnings are good for dining, entertainment, and even grocery shopping. But it would help if you put other charges on a different card with a rewards rate higher than the 1% this card offers.

Capital One Savor Bonus for New Cardholders

You’ll get a $300 cash bonus when you spend $3,000 within three months of account opening. Once you’ve spent enough to qualify for the bonus, Capital One will apply it to your rewards balance within two billing cycles.

Earning Points and Rewards

The Capital One Savor Rewards card is an excellent choice if you love to hit the town. You’ll earn an unlimited 4% cash back on dining, entertainment, and streaming services, 3% at grocery stores, and 1% on all other purchases. Purchases made at restaurants, cafes, bars, lounges, fast-food chains, and bakeries count as dining purchases.

Some purchases, however, may not qualify for cash back at the level you’d expect. Cash-back rewards are paid based on the business’s merchant category code, which means restaurants that are part of larger establishments—like restaurants within hotels—may not be categorized as dining. That also means those purchases won’t receive the highest-rate rewards. Some superstores, like Walmart and Target, are not considered grocery stores and won’t qualify for 3% cash back.


You can get an even higher rewards rate of 8% on tickets you buy with your Capital One Savor Rewards card via the online marketplace Vivid Seats through Jan. 31, 2022.

Redeeming Rewards

The Capital One Savor Rewards card makes it easy to redeem cash back. You can do so for a statement credit or cash at any time and any amount. You’re not restricted to redeeming in specific increments like some other cards require. You can also redeem rewards as a statement credit that reimburses you for previous purchases or use them to pay for gift cards, though you may not get the same value for them if you do.

You can set up automatic redemptions that kick in at certain times of the year or once your rewards hit certain thresholds, like $50 or $100. In some cases, you can even transfer rewards to other Capital One credit card accounts.

Rewards don’t expire for as long as your card is open and in good standing

How to Get the Most out of This Card

Make sure you earn the new cardholder bonus by spending $3,000 in the first three months after account opening. This threshold should be in reach for most new cardholders. Spending at the same monthly level as the average American household in just the three bonus categories (restaurants, entertainment, and grocery stores) would almost add up to $3,000.

According to the Bureau of Labor Statistics (BLS), in 2020 the average American household spent $2,3750 on dining out, $3,226 on entertainment, and $4,942 on groceries.

After earning the bonus, continue to use the card in the 4% and 3% spending categories. Based on BLS data on Americans’ average annual spending, cardholders can expect to earn $372.30 in cash back annually just from bonus category spending. And earnings will increase, without limit, if your spending is higher than average.

Note that the 4% rewards rate doesn’t apply to purchases made at a vendor categorized under one of the qualifying dining or entertainment merchandise category codes. Additionally, grocery purchases made at gas stations, convenience stores, warehouse clubs, discount stores, and superstores will only earn 1% cash back.

Finally, consider pairing this card with another card that earns better than 1% cash back, whether in other common spending categories such as gas or as a flat rate for all spending. (Notably, 1.5% flat rate cards are common, and 2% cards are available, too.)

Capital One Savor Rewards’ Excellent Perks

The Balance's editors have identified these benefits as standouts among rewards credit cards:

  • Travel accident insurance: The Capital One Savor comes with automatic travel accident insurance when using your credit card to purchase your fare.
  • Trip cancellation and interruption insurance: If you’ve charged the cost of a trip on your card and it’s interrupted or canceled due to circumstances beyond your control, you can be reimbursed for up to $1,500 worth of non-refundable expenses.
  • Insurance coverage for lost or delayed baggage: If your luggage is lost or damaged, you could be reimbursed for up to $1,500 of your loss. If your luggage arrives four hours or more later than you do, you’ll receive up to $100 per day for up to three days as reimbursement for the cost of essentials.

Capital One Savor Rewards’ Other Features

  • Extended warranties
  • Rental car collision insurance (secondary to your own policy) 
  • Lowest advertised price match
  • Refund when merchant won’t accept returned item
  • Travel and emergency hotline
  • Concierge for booking event tickets, travel, and other services
  • Roadside assistance hotline
  • Access to special events and dining experiences

Customer Experience

Capital One was ranked third out of 11 national card issuers in J.D. Power’s 2021 U.S. Credit Card Satisfaction Study, scoring just slightly below the industry average. You can view and monitor your credit score for free through the CreditWise tool from Capital One, which is available to everyone over the age of 18, not just Capital One customers.

Security Features

Like most card companies, Capital One offers $0 fraud liability for unauthorized charges if your card is stolen or lost. You can also use the mobile app to lock your card with a few taps if it’s been misplaced or stolen. Additionally, with Capital One’s virtual card numbers, you can shop online more securely. Generate a card number directly on a check-out page and keep the real one to yourself.

Capital One Savor Rewards’ Fees

The Capital One Savor Rewards doesn't charge a foreign transaction fee, which is great considering this isn't a travel rewards card. Just make sure you regularly spend enough to counteract the annual fee after that with cash back. There is a 3% balance transfer fee of the amount of each transferred balance that posts to your account at a promotional APR Capital One may offer you, but none for balances transferred at the Transfer APR.

Next Steps
For Capital One Savor Cash Rewards Credit Card
Compare This Card
See how this card stacks up to the competition
Capital One Savor Cash Rewards Credit Card
overall rating
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.99% - 23.99% variable
Annual Fee $95
Rewards Earning Rate Earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores and 1% on all other purchases.
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. Capital One. "Savor Dining Rewards." Accessed November 10, 2021.

  2. Bureau of Labor Statistics. "Consumer Expenditures - 2020." Accessed November 10, 2021.

  3. J.D. Power. "While Many U.S. Credit Card Issuers Struggle to Meet Evolving Customer Expectations, Some Bright Spots Exist, J.D. Power Finds." Accessed November 10, 2021.