The Capital One Savor bonus is $300 for spending $3,000 within 3 months of opening an account. Once a new cardholder meets the spending requirement, they will receive the bonus within 2 billing periods. Savor’s rewards can be redeemed for a statement credit, a check or gift cards.
The spending requirement for the Capital One Savor bonus is quite high, but the bonus is a 10% return on what you spend. The card has an annual fee of $95. So if you qualify for the initial bonus, that alone will cover the cost of the annual fee for the next three years. By the way, the bonus is a one-time offer for new Savor accounts, so it’s not possible to earn the bonus twice.
The Capital One Savor bonus of $300 is the highest among similar cash back cards. American Express Blue Cash Preferred comes with a slightly lower bonus, $250. The spending requirement is only $1,000 in the first 3 months. If you prefer not having to pay an annual fee, consider the Capital One SavorOne card. It comes with a sign up bonus of $150 after you spend just $500 in the first 3 months.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines
. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.