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Snapshot: No annual fee and fantastic cash back opportunities as high as 8% on select purchases. Great rewards card option if you frequently spend on dining, travel or groceries.
Basic Features
- Ongoing APR: reg_apr,reg_apr_type depending on creditworthiness
- Annual fee: annual_fees
- Credit needed: Scores in the credit_score_needed range
Additional Details
- 8% cash back on purchases through Capital One Entertainment
- 5% cash back on select travel reservations booked with Capital One Travel
- 3% cash back at approved grocery stores
- 1% cash back on everything else
Ready to learn how to apply?
| Pros | Cons |
| Great cash back rewards rates varying from 1% to 8% | There isn’t a sign-up bonus that helps you rack up cash back quickly, and some other rewards cards may offer this |
| 1% cash back on all other purchases – earn rewards for any purchase | The card doesn’t come with an introductory APR offer |
| No annual fee |
Table of Contents
- Full Review of Capital One Savor Cash Rewards Card
- What You’ll like About It
- The Drawbacks
- Is It Worth It?
- FAQ
Full Review of Capital One Savor Cash Rewards Card
In general, this is a great card if you have experience with cash back rewards cards and you like to hunt down a good deal. Maximizing your rewards will require some attention to detail – for example, booking travel reservations through Capital One Travel to earn that 5% cash back or knowing what grocery stores qualify for the rewards points.
But, this card does offer 1% cash back on “everything else,” so even if you’re not paying attention, you’re still earning something. Heads up, this card does have a relatively high APR of reg_apr,reg_apr_type. You’ll need to pay off your card consistently to avoid that interest rate and profit off those rewards.
Like what you’re reading? Learn more about applying for the Capital One Savor Cash Rewards Card
What You’ll Like About It
Easy Cash Back for Food Purchases
If you’re the kind of person who loves eating out (or ordering in), this is the card for you. The Capital One Savor Cash Rewards card offers a variety of different rewards categories for entertainment, travel and general purchases, but your best opportunity for earning cash back rewards is with food purchases.
Even if you’re not eating out, this card allows you to earn 3% cash back on grocery store purchases. (Excluding some stores like Walmart and Target. See Rates and Fees to be sure.) And considering that most of us spend an average of 11% of our income on food, this is a great category that allows you to regularly earn rewards.
1% Cash Back on Other Purchases
You also keep earning cash back on other purchases, so you don’t necessarily have to get another rewards card to use for non-category purchases. There are no limits on the cash back, and you can redeem it in a number of ways.
No Annual Fee
You don’t pay an annual fee with this card. That’s important because fees eat into the value of any rewards you earn. If you pay your balances off every month so you don’t earn interest, all your cash back is like free profit.
The Drawbacks
High APR
At reg_apr,reg_apr_type, this card does come with a relatively high APR. (You can see how it compares to other credit cards here.) This means to maximize your rewards, you’re going to need to be able to consistently pay off your statement to avoid that interest rate.
No New Cardmember Bonus Offer
This card doesn’t come with a sign-up bonus. You may find another card that lets you earn $100 or more in cash back just for hitting a spending threshold in the first few months.
Is It Worth It?
Absolutely, especially if you spend a lot on dining and entertainment and can pay your statement off every month, you can potentially pocket hundreds in cash back each year with this card.
Ready to get started earning cash back?
Frequently Asked Questions
What Are the Credit Limits for Capital One Savor Cash Rewards Card (Minimum and Maximum)?
Capital One doesn’t publish their minimum and maximum credit limits. Your individual credit limit will be decided once you apply and will be based off your creditworthiness, income and existing debt.
How Soon Can I Increase My Credit Limit After Being Approved for a Capital One Savor Cash Rewards Card?
Typically, most credit card issuers require at least 6 months of on-time payments before considering you for a credit limit increase. You can improve your chances of getting an increase by paying your bills on time and managing your credit well.
How Good is a Capital One Savor Cash Rewards Card for Building Credit?
Like most credit cards, Capital One will report on-time payments to the credit bureaus, which could help you build up good credit over time. However, if you have a low credit score and are looking to build your credit back up with on-time credit card payments, this may not be the best option. If you’re concerned about whether or not your credit is strong enough to be approved for this card, it may be better to start out with a secured credit card that will help you upgrade to another “unsecured” credit card.
Learn more about how to sign up for a Capital One Savor Cash Rewards Card
Advertiser Disclosure: Credit.com has partnered with CardRatings for our coverage of credit card products. Credit.com and CardRatings may receive a commission from card issuers.