Discover cards are currently not available on CNBC Select and links have been redirected to our credit card marketplace where you can review offers from other issuers like American Express or Chase. You can also check out our list of best credit cards for alternative options.
The Capital One Savor Cash Rewards Credit Card is one of the more rewarding cash-back cards available, giving cardholders plenty of rewards for spending in all sorts of popular categories, including entertainment and dining.
But if you want a card packing plenty of benefits besides cash back, or you know you won't spend heavily in this card's bonus categories, there may be better options for you. Here's what you need to know about this Capital One card's perks, rewards, intro bonus and fees to make an informed decision.
The Capital One Savor Cash Rewards Credit Card is one of the most rewarding options for earning cash back in categories such as entertainment and dining without paying an annual fee.
- One of the most rewarding cash back cards for entertainment and streaming services
- No annual fee
- Easy-to-earn welcome bonus
- High APR
- Requires a good to excellent credit score
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening
- $0 annual fee and no foreign transaction fees
- Earn unlimited 3% cash back at grocery stores (excluding superstores like Walmart® and Target®), on dining, entertainment and popular streaming services, plus 1% on all other purchases
- Earn 8% cash back on Capital One Entertainment purchases
- Earn unlimited 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel
- No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
- 0% intro APR on purchases and balance transfers for 12 months; 18.74% - 28.74% variable APR after that; balance transfer fee applies
- Top rated mobile app
Balance transfer fee
Introductory fee of 3% of the amount of each transferred balance that posts to your account during the first 12 months that your account is open. After that, 4% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you at any other time.
Capital One Savor card review
Compare savings accounts
Welcome bonus
New cardholders can earn a welcome bonus. Earn a one-time $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.
Benefits and perks
Capital One Savor Cash Rewards Credit Card members receive several protections for eligible purchases, including perks like extended warranty, price protection, travel accident insurance and 24-hour travel assistance.
Other perks include access to exclusive events and experiences through the Capital One Entertainment portal and 50% off beverages at Capital One Cafés.
How to earn and redeem cashback
Earning
This card earns cash back at the following rates:
- 8% back on Capital One Entertainment purchases
- 5% back on hotels, vacation rentals and rental cars booked through Capital One Travel
- 3% back on dining and entertainment
- 3% back on eligible streaming services
- 3% back at grocery stores (excluding superstores like Walmart® and Target®)
- 1% back on all other purchases
Redeeming
You can redeem Capital One cash back rewards for a statement credit, cash, gift cards or directly through Amazon or PayPal. You can also redeem your cash rewards through Capital One Travel or Capital One Entertainment, but the value is always the same regardless of how you choose to use your rewards.
If you also hold a miles-earning Capital One card, like the Capital One Venture Rewards Credit Card or the Capital One Venture X Rewards Credit Card, you can easily convert your cash back rewards into transferrable miles to potentially get greater value.
Rates and fees
The *Capital One Savor Cash Rewards Credit Card has no annual fee. The APR for purchases and balance transfers is a variable 18.49% - 28.49% based on your credit history. If there is a promotional APR offer, the balance transfer fee is 3% of the amount you transfer. But if you're transferring at the standard APR, then you don't pay a balance transfer fee.
There are no foreign transaction fees, making this card useful when traveling overseas.
Alternatives to the Capital One Savor Card
Capital One Savor vs. Capital One Savor Student Cash Rewards Credit Card
The Capital One Savor Student Cash Rewards Credit Card is a card designed for students with rewards rates that match many of the top cash-back credit cards.
- High cash-back rates for common student expenses, such as groceries, dining and entertainment
- No annual fee
- No foreign transaction fees
- High APR
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn unlimited 3% cash back at grocery stores (excluding superstores like Walmart® and Target®), on dining, entertainment and popular streaming services, plus 1% on all other purchases
- Early Spend Bonus: Earn $50 when you spend $100 in the first three months
- Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
- Enjoy no annual fee, foreign transaction fees, or hidden fees
- Earn unlimited 5% cash back on hotels, vacation rentals and rental cars booked through Capital One Travel
- Earn up to $500 a year by referring friends and family when they're approved for a Capital One credit card
- Earn 8% cash back on entertainment purchases when you book through the Capital One Entertainment portal
- Build your credit with responsible card use
- Whether you're at a 4-year university, community college or other higher education institution, this card might be an option for you
- Top rated mobile app
Balance transfer fee
4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you
As its name suggests, the Capital One Savor Student Cash Rewards card is the student version of the Capital One Savor card. The cards are almost identical in terms of benefits and rewards rates. The main difference is that the student version has a smaller welcome bonus, but it's also easier to qualify for.
Learn more: Capital One Savor Student Cash Rewards Credit Card
Capital One Savor Card vs. Discover it® Secured Credit Card
Information about Discover cards has been collected independently by CNBC Select and has not been reviewed or provided by the issuer prior to publication.
The Discover it Secured Credit Card is a great alternative if you have a lower credit score but still want to earn rewards.
As a secured card, you need to put down a minimum deposit of $200, which acts as your credit line. As you spend on the card, you'll earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, and 1% on all other purchases. For new cardmembers, Discover will match all the cash back you earn in your first year with no limit.
While the Savor Card may be more rewarding in the long run, the Discover it Secured Credit Card is a good option for those building up their credit score. Starting at seven months from account opening, Discover will automatically review your credit card account to see if they can transition you to an unsecured line of credit and return your deposit.
Learn more: Discover it Secured Credit Card
Capital One Savor Card vs. Chase Freedom Unlimited®
The Chase Freedom Unlimited® is a no-annual-fee card that earns generous cash-back on everyday purchases and a lucrative welcome bonus.
- Users get a high rewards rate and strong welcome bonus
- Purchases and balance transfers get long intro APR
- No annual fee
- Travelers face a foreign transaction fee
- Few rewarding ongoing benefits
Highlights
Highlights shown here are provided by the issuer and have not been reviewed by CNBC Select's editorial staff.
- Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening
- Enjoy 5% cash back on travel purchased through Chase TravelSM, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases.
- No minimum to redeem for cash back. You can use points to redeem for cash through an account statement credit or an electronic deposit into an eligible Chase account located in the United States!
- Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.24% - 27.74%.
- No annual fee – You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
- Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
- Member FDIC
Balance transfer fee
Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, in the first 60 days. After that, either $5 or 5% of the amount of each transfer, whichever is greater.
Foreign transaction fee
3% of each transaction in U.S. dollars
The Chase Freedom Unlimited® is another strong rewards card with no annual fee (see rates and fees).
New cardmembers earn an offer of a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Cardmembers can enjoy 5% cash back on travel purchased through Chase Travel℠, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
If you need an interest-free period, you will have 0% intro APR for the first 15 months on new purchases and balance transfers; 18.24% - 27.74% variable APR thereafter. There's an intro balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that, it's either $5 or 5% of the amount of each transfer, whichever is greater.
Other perks include purchase protection, extended warranty protection, rental car collision damage waiver (secondary coverage), roadside assistance and more.
Learn more: Chase Freedom Unlimited®
Capital One bank accounts to pair with the Savor card
If you want to have your credit card and bank accounts within the same ecosystem, Capital One has you covered with checking and high-yield savings account options and hundreds of physical branches nationwide.
The Capital One 360 Checking Account offers a competitive 0.10% APY on all balances, which is higher than the national average, and you'll get access to over 70,000 Capital One, MoneyPass® and Allpoint® ATMs without fees.
Capital One 360 Checking®
Monthly maintenance fee
$0
Minimum deposit to open
$0
Minimum balance
None
Annual Percentage Yield (APY)
0.10%
Free ATM network
70,000+ Capital One®, MoneyPass and Allpoint® ATMs
ATM fee reimbursement
None
Overdraft fee
$0
Mobile check deposit
Yes
Terms apply.
When it comes to your savings, consider the Capital One 360 Performance Savings™ account. It offers a high APY that rivals the returns you can get with online banks, no monthly fees and no minimum requirements.
Capital One 360 Performance Savings™
Annual Percentage Yield (APY)
3.50% APY
Minimum balance
None
Monthly fee
None
Maximum transactions
Up to 6 free withdrawals or transfers per statement cycle
Excessive transactions fee
None
Overdraft fee
None
Offer checking account?
Yes
Offer ATM card?
Yes, if have a Capital One checking account
Terms apply.
Is the Capital One Savor card right for you?
The Capital One Savor card is a cash-back earning powerhouse. It's a nearly perfect card for a night out or a night in since you'll earn bonus cash back on dining and entertainment, as well as groceries and streaming services. However, it offers fewer ancillary benefits than some other cards, and the rewards aren't as valuable as what you can earn with a travel credit card.
Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here.
Why trust CNBC Select?
At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
Catch up on CNBC Select's in-depth coverage of credit cards, banking and money, and follow us on TikTok, Facebook, Instagram and Twitter to stay up to date.
Read more
*For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
For rates and fees of the Discover it Secured Credit Card, click here.
