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Savor® Rewards Credit Card

Savor® Cash Rewards Credit Card Review

Capital One's newly launched Savor card looks pretty tasty for the casual foodie. Offering unlimited 4% cash back on dining out and 2% cash back on groceries, this no annual fee card came to the market strong with a  niche place in the market. But, like escargot it won't be for everyone. Let's take a closer look to figure out if this is the right card for you.

Counting Your Pennies - How To Earn Rewards with the Savor Rewards Credit Card

 You'll earn 4% cash back on all dining and entertainment purchases, 2% on groceries, and 1% on everything else. These categories made this card fairly aggressive in the marketplace when it was first released, but the earning rates were quickly overshadowed by the introduction of the Uber card from Barclays. 

Redeeming rewards is so easy a sous-chef could do it. Card holders are able to redeem earned cash back at any time for any dollar amount. Capital One has also introduced a pretty unique feature that allows members to set reoccurring auto redemptions.  This means that when you hit specific earning milestones (monthly or annually), or certain dollar amounts (think $35, $80, etc), your rewards will automatically be cashed out. This is a nice feature, especially compared to competitors like the Blue Cash Preferred, which require that you have $25 in rewards before you are able to cash out. One might say that Capital One is okay with you having desert, even if you haven't finished your dinner. 

Savor Benefits and Bonuses 

4% cash back is generally not something to sneeze at, but the dining rewards category has evolved quickly in the last year or so. If you're considering this card, take a look at the other features.

  • Stock up on your favorite munchies after receiving a one-time $500 bonus after you spend $3,00 in the first 3 months of opening your account. This is a pretty solid cash back bonus, y'all.
  • No foreign transaction fees, so enjoy rewards on the finest French cuisine.
  • Exclusive access to restaurant events. These vary by data and city, so they might be cool, or they might be useless for you. New York tends to see the most benefit here. For a full list, visit this page

Who is the Savor a good card for?

People that dine locally and don't do much travel. We'd also recommend that you have a flat rate 2% earning card in your wallet if you're going to carry this card. 1% different might not seem like a ton, but if you're spending a $100 a month on dining out, you're looking at an extra $12 a year in rewards without paying an annual fee. Not huge, but smart. You'll also start building a relationship with Capital One, which could come in handy later if you decide to purchase a new car. Capital One is a major player in the lending space with Auto Navigator and it never hurts to have an existing relationship.

Who Shouldn’t Apply for the Savor?

We wouldn't recommend using this for everyday purchases that are not food related. There are a handful of cards that offer 2% or more on your everyday spend. 

If you've got excellent credit and are looking to use rewards to travel, we'd actually recommend the Amex Gold card, which nets 4x on US restaurants and US supermarkets. Points can be redeemed for a variety of travel related purposes. The trade off is a higher annual fee. If no annual fee is how you (jelly) roll, then check out the Uber Visa, which also earns 4% cash back on dining out. 

Common Cents

The Savor card is kind of interesting for those that do a fair amount of dining out. We probably wouldn't recommend this as a standalone product, but paired with a flat 2% earning rate card you might be okay.

Savor® Rewards Credit Card Highlights

  • Earn a one-time $500 cash bonus after you spend $3,00 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining, 2% on groceries and 1% on all other purchases
  • $95 annual fee, waived first year
  • No foreign transaction fees

Similar Reviews

Uber Credit Card

  • 4% Cash Back on Dining
  • 3% Cash Back on Hotel and Airfare
  • 2% Cash Back on Online Purchases (Including Uber)
  • 1% Cash Back on everything else
  • No Annual Fee

Blue Cash Preferred® Card

  • $95 Annual Fee
  • 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) and on select US streaming services.
  • 3% cash back at U.S. gas stations and eligible transit expenses, 1% back on other purchases.

Citi® Double Cash Card

  • $0 Annual Fee
  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
  • Low Introductory APRs for 18 months on balance transfers
  • No bonus for new customers. :(