Capital One Savor Rewards review

Capital One Taste Rewards: Overview

annual interest rate

• introduce: not applicable
• Buy: 16.24%–22.24% variable
• Balance transfers: 16.24%–22.24% variable
• Cash advance: 29.24%
  • Cash advance fee: 3% of the advance amount or $3, whichever is greater
• Penalties: Not applicable

annual fee: $95

Foreign Transaction Fees: not any

Late payment fee: Up to $40

Offering up to 4% cash back on select purchases, the Capital One Savor Rewards Card is a solid rewards card for those who spend a lot of money on entertainment and dining out. Unlike other cash back cards, the Savor Card has no cap on the cash back rewards you can earn.

The card does have an annual fee and is only available to people with good credit. But with no foreign transaction fees and some added purchase protection and travel benefits, this card could be valuable for frequent travelers (so you can have your own card) Eat, Pray & Love Tour and eat pasta).

Capital One Savor Rewards Credit Card: Rewards

With some cards, you can earn higher cash back rates on certain categories of purchases that change quarterly. But the Taste card works differently; you earn a preset cash back rate in specific categories that never changes, and there’s no cap on the amount of rewards you can earn.

With the Savor Rewards card, you can earn the following cash back rates:

• 4% cash back on dining, including purchases at restaurants, cafes, bakeries and fast food chains
• Earn 4% cash back on entertainment activities, including purchases at movie theaters, bowling alleys, sporting events, amusement parks, tourist attractions and zoos. Notably, this category does not include transactions for golf course, college sporting event or amusement park tickets purchased from third-party websites.
• Earn 4% cash back on entertainment and select streaming services including Disney+, Hulu and Netflix. Services like Amazon Prime and audiobook subscriptions do not fall into this category.
• 3% cash back at grocery stores (including supermarkets and specialty markets). Items purchased at supermarkets such as Walmart and Target do not fall into this category.
• 1% cash back on everything else

You can also earn higher cash back rates in specific reward categories:

• Enjoy 8% cash back when purchasing through Capital One Entertainment Ticketing Platform
• Earn 5% cash back on hotel and car rentals through Capital One Travel

For a limited time, cardholders can earn 10% cash back on Uber rides and Uber Eats orders. This offer expires on November 14, 2024.

Does the Capital One Savor Rewards Credit Card offer new customer bonuses?

With the Savor Rewards card, cardholders can earn a $300 bonus when you make at least $3,000 in qualifying purchases within three months of account opening.

The bonus is fairly easy to get, but the value is relatively low compared to other leading cards with similar annual fees. For example:

• New American Express Green Card customers can earn 60,000 Membership Rewards points after spending $3,000 on their new card within the first 6 months of becoming a card member. Plus, you can earn 20% back on eligible travel and transportation purchases within the first six months of becoming a cardmember, up to $200 back in the form of statement points. While the value of the bonus varies depending on how it is redeemed, it is generally worth approximately $600.
• Chase Sapphire Preferred cardholders can earn 60,000 bonus points after spending $4,000 in purchases within the first 3 months of account opening
• With the Citi Premier Credit Card, new customers can earn 60,000 Thank You Rewards points after spending $4,000 in purchases within the first 3 months of account opening. These reward points can be redeemed for a $600 gift card or travel reward.

all information about American Express® Green Card Collected independently Wealth Recommendations™.

How to Redeem Capital One Savor Rewards Credit Card Rewards

With the Capital One Savor Rewards Card, your rewards come in the form of cash, which you can redeem in the following ways:

Statement of Credit and Check

You can redeem your rewards for cash in two ways:

• Letter of Credit Statement: Return your cash as statement credit to reduce your balance. You’ll still need to make the minimum monthly payment unless a statement credit brings your balance to zero.
• Check: You can ask Capital One to send you a check for the amount of your cash back reward, which you can deposit into your checking or savings account.

gift card

You can use cash back to purchase gift cards from select retailers and restaurant chains. Typically, you get full cash back, but occasionally there are special offers that give you even more value. For example, you can purchase a $25 gift card for only $20 in cash back rewards.

Redeem via PayPal

You can use your rewards to pay for purchases through retailers that accept PayPal as a payment method.

Redeem via Amazon

If you use Amazon regularly, you can link your Amazon account to First Capital and use your cash back to pay for some or all of your purchases.

extra benefits

The Capital One Savor Rewards Card comes with a variety of great credit card benefits, including:

• Capital One Catering: As a cardmember, you can make exclusive reservations and enjoy special culinary experiences at select restaurants.
• Capital One Shopping Tools: The First Capital Shopping Tool is a free plugin that automatically finds and applies coupon codes to your online purchases.
• concierge service: Whether you need help booking dinner in another city or need show recommendations, concierge services are available 24 hours a day, 265 days a year.
• Extended warranty: Extended Warranty Protection will provide you with up to one additional year of coverage on eligible items that come with a warranty.
• Travel accident insurance: Use your card to purchase travel fares and you will automatically receive travel accident insurance. If you are injured or die in a covered accident, this policy will pay benefits to your beneficiaries.
• Eno’s virtual account: Protect yourself and keep your actual credit card number safe with Eno. Eno generates a virtual one-time account that you can use when shopping online.

Is the Capital One Savor Rewards Credit Card Right for You?

The Capital One Taste Rewards Card is best for those whose spending on groceries and dining is in line with the national average.

according to U.S. Bureau of Labor Statistics 2022 Consumer Expenditure ReportThe average household food expenditure is $9,343: $5,703 of which is spent at home and $3,639 at restaurants, fast food chains and takeout.

If your spending meets these amounts and you use your Capital One Savor Rewards card for transactions, you’ll earn 3% cash back on $5,703 spent on groceries and 4% cash back on $3,639 spent at restaurants, This gives you a total cash back reward of $316.65.

• Earn 3% cash back on $5,703 in groceries spent: $171.09
• Earn 4% cash back when you spend $3,639 in restaurants: $145.56

If you tend to spend less on food and prefer to eat at home, this card may not be a good value for you, and you may find that other cards with no annual fee and a different rewards structure may give you Bring more value.

Credit cards similar to the Capital One Savor Rewards Credit Card

If the Savor card isn’t right for you, consider one of the following alternatives:

Capital One SavorOne and Capital One Savor Rewards Credit Cards

The Capital One SavorOne Cash Rewards Credit Card is Capital One’s no-annual-fee option for foodies. With this card, you can earn unlimited 3% cash back on dining, entertainment, popular streaming services, and grocery stores (excluding supermarkets like Walmart® and Target®). Cardholders also earn 1% on all other purchases. The rate is lower than what the Savor Rewards card offers, but without the drawback of an annual fee.

Chase Freedom Unlimited and Capital One Savor Rewards Credit Cards

Like the Savor Rewards Card, the Chase Freedom Unlimited® Card is a great choice for foodies.There is no annual fee, you can earn 3% on all qualifying purchases (up to $20,000 in first year) Includes gas and grocery purchases. After the first year or after you spend $20,000, earn 5% cash back on travel purchased through Chase Ultimate Rewards and 3% cash back on dining (including takeout and eligible delivery services), all qualifying Earn 1.5% cash back on purchases.

The Chase Freedom Unlimited card does charge a foreign transaction fee, so the Savor Rewards card is more convenient when traveling. But the Chase Freedom Unlimited Card offers additional travel benefits, such as trip interruption/cancellation coverage and car rental collision damage waiver.

frequently asked questions

Are Capital One Taste Rewards Worth It?

If you tend to spend a lot of money on dining, entertainment, and streaming services, the Capital One Savor Rewards card may be a worthy option, although it does come with an annual fee. You’ll receive higher-than-usual cash back rates on dining and entertainment purchases, and you can redeem your rewards in a variety of ways.

Is the Capital One Taste Rewards Card hard to get?

Getting approved for the Capital One Savor Rewards Card can be challenging. According to Capital One, only those with good credit qualify.

Typically, excellent credit means a credit score of 800 and above. Experian According to reports, only 21% of Americans have such a high credit score, so many people are unable to qualify for this card.

How does the Capital One Taste $300 bonus work?

To receive the $300 bonus, you must make at least $3,000 in qualifying purchases within three months of opening your account. Only new customers are eligible; existing customers and customers who received another new card membership bonus from Capital One within the past 48 months are not eligible.

Please note that card details are accurate as of the date of publication but may be changed by the card issuer at any time. Please contact your card issuer to verify rates, fees and offers before applying.