Capital One Savor card review: A $300 bonus and extra cash back in popular categories

The *Capital One Savor Cash Rewards Credit Card is one of the more rewarding cash-back cards available, giving cardholders plenty of rewards for spending in all sorts of popular categories, including entertainment and dining.

But if you want a card packing plenty of benefits besides cash back, or you know you won't spend heavily in this card's bonus categories, there may be better options for you. Here's what you need to know about this Capital One card's perks, rewards, intro bonus and fees to make an informed decision.

New cardholders can earn a $300 cash bonus after spending $3,000 on purchases within the first three months from account opening.

Capital One Savor card members have several protections available for eligible purchases, including perks like extended warranty, travel accident insurance and 24-hour travel assistance. The specific benefits depend on whether you have the Visa® or Mastercard®* version of the Capital One Savor card.

Through November 14, 2024, cardholders earn 10% back on Uber and Uber Eats purchases and will have their monthly Uber One membership fee reimbursed. Uber One costs $9.99 a month and comes with benefits such as up to 10% off and a $0 delivery fee eligible on Uber Eats orders. In addition, you'll earn 6% Uber Cash on eligible Uber rides.

Earning

This card earns cash back at the following rates:

• 8% back on Capital One Entertainment purchases
• 5% back on hotels and rental cars booked through Capital One Travel
• 4% back on dining and entertainment
• 4% back on eligible streaming services
• 3% back at grocery stores
• 1% back on all other purchases

Redeeming

You can redeem Capital One cash back rewards for a statement credit, cash, gift cards or directly through Amazon or PayPal. You can also redeem your cash rewards through Capital One Travel or Capital One Entertainment, but regardless of how you choose to use your rewards, the value is always the same.

The *Capital One Savor Cash Rewards Credit Card has a $95 annual fee. The APR for purchases and balance transfers is 21.24% - 29.24% based on your credit history. If there is a promotional APR offer, the balance transfer fee is 3% of the amount you transfer. But if you're transferring at the standard APR, then you don't pay a balance transfer fee.

There are no foreign transaction fees.

Here's how the Capital One Savor compares with some of its competitors.

Capital One Savor Card vs. Capital One SavorOne Cash Rewards Credit Card

The Capital One SavorOne Cash Rewards card is a no-annual-fee alternative to the Capital One Savor card.

It earns 3% back on dining, entertainment, eligible streaming services and grocery stores, and 1% back on other purchases. That's 1% less cash back on dining, entertainment and eligible streaming services than what you'd earn with the Savor card, but you're spending $95 less because there's no annual fee. You'd have to spend $9,500 more each year in the bonus categories just to earn enough to cover the Capital One Savor's annual fee. If you spend less than that on dining, entertainment and eligible streaming services, then the Capital One SavorOne card could be a better option for you.

Capital One Savor Card vs. Chase Sapphire Preferred® Card

The Chase Sapphire Preferred Card has the same $95 annual fee as the *Capital One Savor card, but the Sapphire Preferred has a better suite of benefits and earns more valuable rewards.

With the Sapphire Preferred card, you'll earn 3X Chase Ultimate Rewards points on dining, online grocery purchases and eligible streaming services. You'll get 5X points on travel booked through the Chase travel℠ portal and 2X points on all other travel. Plus, every account anniversary you'll earn a 10% on bonus on the points you earned from purchases the previous year.

The Chase Ultimate Rewards points you earn with the Sapphire Preferred card can be exceptionally valuable. They are worth one cent each as cash back, but if you use them to book travel through the Chase travel℠, they're 25% more valuable. So 10,000 points are worth $125 in travel. You can also transfer Chase points to partner hotel and airline loyalty programs, which unlocks the ability to book luxury hotel awards and premium cabin award flights with your points,

The Capital One Savor card is a cash-back earning powerhouse. It's a nearly perfect card to use for a night out or a night in since you'll earn bonus cash back on dining and entertainment, as well as groceries and streaming services. However, you may be better off with a no-annual-fee cash-back card, even if it earns slightly less cash back. Also, the card has few meaningful benefits and the rewards aren't as valuable as what you can earn with a travel credit card with a similar annual fee.

The *Capital One Savor card is an excellent option for earning cash back. It earns bonus rewards on useful categories such as dining, groceries and entertainment. However, you should do the math before applying because you may be better offer with a credit card that doesn't have an annual fee, depending on how much you'll spend on the card.

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*For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

*Information about the Capital One Savor Cash Rewards has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.