The Capital One Savor Card is a good credit card that’s worth it for foodies and entertainment lovers who want to earn bonus rewards without paying an annual fee. You can get 3% cash back on entertainment, popular streaming services and dining, which covers everything from fast food to restaurants with Michelin stars.
If you want to cook for yourself, Savor has you covered there, too, with 3% cash back at grocery stores (excluding superstores like Walmart® and Target®). That earning rate is roughly three times higher than the market average of 1% back, which is what you'll earn on most other purchases.
Credit cards with such savory rewards can sometimes lead to heart burn because of high fees, but that's not the case with Capital One Savor. Savor also gives you $300 in welcome bonuses: a $100 credit to use towards flights, stays and rental cars booked through Capital One Travel during your first cardholder year (limited-time offer), plus a $200 cash bonus for spending $500 on purchases in the first 3 months.
What I Like About the Capital One Savor Card
5% cash back on hotels, vacation rentals and rental cars
Cardholders can earn 5% back on hotels, vacation rentals and rental cars when they book through
Capital One Travel. As long as you won’t save more than 5% by shopping around for the best rental rates on other travel-booking websites, this is a good deal.
3% back on dining, entertainment, and more
In addition to 8% cash back on
Capital One Entertainment purchases, you'll earn 3% back on other entertainment, popular streaming services, and dining out. You’ll also earn 3% back from grocery stores (excluding superstores like Walmart® and Target®), so you can save even when you eat at home. Such bonus-category variety really helps Savor appeal to a wide range of people.
1% back on all other purchases
This is roughly what the average cash rewards card offers on all purchases.
No annual fee
This saves you
$25.22 per year compared to the average credit card and hundreds relative to more expensive offers.
No foreign transaction fee
The average credit card charges a fee equal to
1.57% of any purchase processed abroad.
0% intro for 12 months on purchases and balance transfers
Along with its rewards and $0 fee, this feature helps make the Capital One Savor Card one of the best all-around credit cards on the market, which is great if you don’t want to have a lot of cards open at once. For context, the average 0% period is
11 months for purchases and
13 months for balance transfers.
What I Don’t Like About the Capital One Savor Card
1% back on all other purchases
This is roughly what the average cash rewards card offers on all purchases, according to our research. It’s obviously better than not earning any rewards at all, but people who can qualify for Capital One Savor can also get cards that offer 1.5% or 2% back at a minimum. So, using this card for purchases that don’t qualify for bonus rewards will result in you sacrificing some value.
Balance transfer fee
The
Capital One Savor balance transfer fee is
3% for the first 12 months, 4% at a promo APR that Capital One may offer you at any other time. For context, the average balance transfer credit card charges
3.28% of the amount being transferred.
Having to pay a transfer fee isn’t the end of the world if it gets you a decent 0% introductory APR promotion. However, you do need to factor it into your calculations when you’re choosing a card. You can use
WalletHub’s balance transfer calculator to make this easier.
High regular APR
Your APR could be anywhere from
19.24% to 29.24% (V), depending on factors like your credit standing, income and debt. As a result, it’s important to pay your full statement balance by the due date every month the regular APR is in effect. This will prevent interest from accruing and wiping out your savings from rewards.
Good/excellent credit recommended
You can
check your latest credit score for free here on WalletHub to assess your approval odds.
Bottom Line: Is the Capital One Savor Card Worth It?
The Capital One Savor Card is worth it if you pay the bill in full every month when the regular APR is in effect. The card has great rewards and no annual fee, so it can save you a lot of money if you avoid interest charges.
Everyone has to eat, after all, and we need some entertainment to keep life exciting. Using
Capital One Savor to pay is one of the easiest ways to save on these necessities.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
