Capital One® Savor® Card Review

Learn everything you need to know about the Capital One Savor, the card designed for foodies who love to eat, drink, and cook—and get cash back rewards while doing so.

Advertiser disclosure
  • Regular APRN/A
  • Intro APRN/A
  • Balance Transfer APRN/A
  • Annual Fee$0 intro for the first year, $95 after that
  • RewardsRewards
Highlights
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
Fees
Annual Fee:$0 intro for the first year, $95 after that
Balance Transfer Fee:N/A
Cash Advance Fee:N/A
Foreign Transaction Fee:N/A
Card Summary

Our Verdict

If groceries and eating out make up a big part of your monthly budget, the Savor card is an excellent choice

Foodies, rejoice!

The credit card you've been looking for is here.

Well, it's been here since October 2017, when the Capital One Savor replaced the bank's Premier Dining Rewards.

And it's definitely good news for those who love dining, drinking, and even Instagramming their gastronomic exploits.

Because on top of sweetening the benefits, the Savor card delivers a tasty combination of food-centered cash back rewards in one tasty prix fixe experience.

With the card, expect to get 3% cash back on dining, 2% cash back on groceries, and 1% cash back on all other purchases.

All of that, plus other benefits, make the Savor one tough cookie to beat when it comes to getting rewarded for something as enjoyable as wining and dining.

But that doesn't necessarily mean it's the best card all around.

To begin with, this particular Capital One card doesn't offer substantial travel rewards.

Then again, you can get a healthy serving of both types of rewards by getting another card like the Chase Sapphire Reserve, which gives you 3 points per dollar on travel and dining.

Or you can just get a card that focuses on rewards for money spent on groceries, like the American Express Blue Preferred, which gives you an impressive 6% cash back on supermarket purchases!

Forecasted Supermarket Sales Worldwide 2018

Yet the Savor still deserves much consideration as it packs a punch as a cash rewards credit card if food is your passion, whether it's cooked at home or served at a fine restaurant.

Now, do you want to hear the specials?

(We're talking about the perks of the credit card…)

What Makes It So Special?

The Savor's three-tier cash back system is unique

Food makes the world go round.

And it also makes the Savor card worth your time and money.

Say you spend $300 a month on restaurants, bars, and takeout and the same amount on groceries.

The Savor will give you back $11 out of every $600 you spend each month—which adds up to $132 a year.

But if you're a real foodie, you're probably going to be spending way more than that … and, if you're savvy, you're also going to get more back.

And did we mention that the Savor has some features of premier cards but without the usual annual fee?

But first things first.

Before you fill in the application, ask yourself these questions:

  • Do you eat or drink out more than once a week?
  • Do groceries constitute a large chunk of your budget?
  • Is your credit score above 700?
  • Are you disciplined enough to pay your credit card in full every month?

If you answered yes to two or more of these questions, then you should consider getting yourself the Savor and making it your main credit card.

Why People Love It

The rewards don't have restrictions and are easy to get thanks to the app

No one wants to use coupons or go through complicated systems just to redeem their credit card rewards.

With the Capital One app, you can get your cash back easily. It allows you to get a check for your cash back, or add it as credit on your account with a few clicks.

Redeem cash back for any amount. Users of the Savor card love that you're not limited by the installments other cards place on your cash back process—if you earned it, it's yours.

There's no limit to how much cash back you can earn. While cards like the Discover it Chrome Gas & Restaurant restrict the rewards you can earn, the foodie in you can dine, spend, and get rewarded to your heart's content with Savor.

The rewards don't expire. As long as you have your account, your rewards are there for you.

You get your signup bonus automatically. You get the $150 credit immediately after spending $500 within your first three months with the card—even if it's during your very first month.

Oh, and there's no annual fee and no foreign transaction fees. Yes, that's a sweet deal for this foodie-friendly cash rewards credit card!

What Are the Downfalls?

A low signup cash bonus and the one-note cash back system are the obvious blind spots

A $150 one-time bonus for spending $500 is not that impressive. Other cards offer $500 or even more as a signup bonus.

For instance, the Chase Sapphire Preferred Card is currently offering the equivalent of $625 towards travel, but only if you spend $4,000 on purchases during the same time period—three months.

If you want to bank on your travel spending, get another card as well. Outside of dining and groceries, you get 1% cash back for all other purchases.

So if you're also a frequent traveler aside from being a foodie, you should also get a travel-centric benefits card like the Chase Sapphire Preferred to maximize your rewards.

With only 9 months of 0% APR, a balance transfer is not a smart play. There are other cards on the market that will give you more than double that interest-free period—not a smart choice if you're looking to freeze your debt for a while.

After the introductory period of 0% APR, the rates are higher than average. This card will set you in an interest level between—15.99-24.74%—based on your creditworthiness.

That interest range (which averages out to an APR of 20.37%) is way above the current national interest rate average, which is around 16.8%.

The Competition

The Discover it Chrome Gas & Restaurant card might pique your interest with its first-year cash back match

While there are many credit cards that can provide competitive rewards in other areas, the closest competitor to the Savor would have to be the Discover it Chrome Gas & Restaurant.

Why?

Because like its name suggests, its cash back rewards revolve around restaurants, but it also extends them to what you pay at the pump.

U.S. Restaurant Industry Sales (2009-2017)

Yet in many ways, the Capital One credit card still beats it.

The Savor has more benefits for eating out. It's a matter of simple numbers: the Capital One card offers 3% cash back versus 2% from the Discover it.

A wider definition of "restaurant" when it comes to rewards. The Savor extends the definition of a dining establishment to food carts, bakeries, and coffee shops, something that the Discover it simply doesn't do.

Enjoy the unlimited rewards. It's common for some rewards credit cards to limit the amount of spending that gives you cash back per category.

In this regard, the Discover card really holds you back: cardholders earn 2% on restaurants and gas for only the first $1,000 spent each quarter—that's a max of just $20 in cash back per quarter, or just $80 per year!

Now compare that with the unlimited 3% on restaurants and 2% on groceries the Savor gives you in cash back.

You can say the proof is definitely in the pudding!

The Savor is accepted internationally and has no foreign transaction fees. This is a big one: the Discover is not accepted widely in Europe and other regions.

It has elite credit card travel perks at no fee! The highly sought-after World Elite Mastercard Benefits, which include complimentary concierge service, identity theft services, trip insurance and more, are included in the Savor package.

How it compares to its top competitor:

Capital One Savor Discover it Chrome Gas & Restaurant
How high of a credit score do you need? >700 >650
Average APR? 20.37% 18.74%
Annual fee? $0 $0
How big of a signup bonus do you get? $150 A match of your cash back after the first year.
How much do you need to spend to get the cash bonus? $500 in the first three months N/A
What are the cash back rewards? 3% on restaurants, 2% on groceries, 1% on every other purchase 2% on restaurants and gas
Any restrictions? None The cash back is limited to the first $1,000 you spend on combined gas and restaurant purchases each calendar quarter.
If you spent $100 in restaurants using the card, then how much would you get in cash back? $3 $2
How long is the promotional 0% APR period? 9 months 14 months
What is the balance transfer fee? 3% 3%

Here are a few other competing cards to consider

The Savor is not alone in giving premium rewards to customers who use it for dining.

And even though it's a standout in the foodie category, you should definitely consider other options before making a decision, to ensure you're applying for the card that suits your financial needs, especially if you're looking for travel rewards.

The Citi ThankYou Premier offers 3x points on travel and gas and 2x on dining. This card has a big signup bonus (50,000 bonus points after spending $4,000), but it comes with an annual fee of $95 that kicks in one year after you open an account.

The Chase Sapphire Reserve is a pricier card but carries bigger benefits. This premier card (that comes with a $450 annual fee)  has impressive travel benefits.

From 3x points on travel and dining, free membership to Global Entry, free access to airport lounges, a $300 credit for travel per year, to concierge service for travel and more, the Reserve is aimed squarely at the jet-setting crowd.

The Question Everyone's Asking

Should you get the Savor or the Capital One Quicksilver?

Many users of the Capital One card report being happy with the benefits and the customer service.

But that raises another popular question: if you're going to have one Capital One card, should you choose the Savor or the popular Quicksilver?

And the answer is … well, it depends.

The biggest difference is that the Quicksilver has just one cash back category. Instead of the three tiers of spending for cash back rewards of the Savor, it has only one: 1.5% cash back on all purchases.

That means that you should get the Quicksilver only if your spending on restaurants, bars, and groceries is not a significant part of your budget.

World statistics about buying groceries online

In most other areas, the Quicksilver and the Savor have similar benefits. But perhaps the most notorious exception here is the fact that the highest APR you can be charged with the Quicksilver is 24.24%—slightly lower than the highest interest rate of its sister card at 24.49%.

How It All Works

Eat, drink, pay your bill on time, and be merry!

Overall, the great thing about the Savor is the unlimited cash back rewards—on dining and food—that it's willing to give you without charging an annual fee.

Having said that, the APRs are higher than average, which means you should settle your monthly statements always on time, lest you want to risk getting slapped a hefty penalty.

But that's not all: The Savor has perks that put it in a sweeter spot, closer to more exclusive premier cards.

The signup bonus is easy to get. Yes, it's only a $150 bonus, but you only need to spend a mere $500 to earn it.

The World Elite Mastercard benefits make it a nice travel companion. If you ever wanted to have a concierge to help you plan a trip or night out, plus identity theft protection and automatic insurance for car rentals, well, consider yourself lucky for carrying the Savor card!

The 9-month 0% APR fee is rather short, but shouldn't be dismissed. Yes, some cards can offer up to 21 months of no interest, so don't make the Savor your balance transfer card.

Still, 9 months is better than nothing.

People love the Capital One app for how easy it makes managing your account

When it comes to mobile apps for managing banking and credit cards, Capital One seems to be keeping its customers happy.

It has been ranked "Highest in Customer Satisfaction among Mobile Banking Apps" by J.D. Power, and the reviews corroborate it.

The Android users have given it an impressive rating of 4.6 out of 5, while the iOS ones have followed suit with 4.5.

"Awesome app," wrote user R Tabar. "It's like going to my local bank … minus the long lines or going out! Lol."

When it comes to credit cards and their respective apps, it's easy to see the reasons for such positive feedback.

The app makes it very easy to see your account details and pay your bill.

It also allows you to claim your cash back rewards whenever you want, whether you want that money as credit on your account, or prefer it to be sent as a check.

FAQ

  • How do I apply?

    The easiest way to apply for the Savor Credit Card from Capital One is via its website.

    You can also call 1-800-695-5500 if you'd rather speak to a human and have all your questions answered.

  • How do I cancel the card?

    To close your account, you need to call1-800-227-4825 and speak to a representative.

    Once you've made the request, you should stop using your card and pay the entire remaining account balance in full within 90 days.

  • Where and how can I redeem my points?

    The easiest way of doing this is by using the Capital One Mobile app.

  • Is there an expiry date on my reward points?

    No. Your points never expire.

  • Do I get the same benefits on this card as I would with other Capital One cards?

    No. The Capital One Savor has its own system of rewards, described above.

  • What can I use my credit card for?

    You can use the Savor credit card to purchase anything you want. It's also accepted worldwide.

  • How can I check my credit card balance?

    The easiest way of doing this is by logging into the Capital One website or by using the Capital One Mobile app.

  • Can I withdraw money from my credit card?

    Yes, you can borrow money from your account, but keep in mind that there's a 24.99% APR for cash advances.

  • How soon can I use my credit card once I receive it?

    As soon as you call the number indicated on it and activate it.

  • How to contact the credit card services?

    Call 1-800-227-4825.

  • How to report a stolen credit card?

    Call 1-800-227-4825 if you're in the United States, or 1-804-934-2001 if you're abroad.

  • What credit score do I need to get approval for the card?

    You need a credit score of around 700.

    In case you need to bump up that credit score of yours to reach that number, taking out a smaller personal loan just might help.

  • Will my credit score drop if my account gets closed?

    Yes. In general, closing credit cards affects your credit score.

  • Does this card allow balance transfers?

    Yes. It has an initial 9-month period for balance transfers with a fee of 3% since the account opening.

  • Who is the credit card issuer?

    The credit card issuer is Capital One, a diversified bank with headquarters in McLean, Virginia.

Get this card if you spend a large portion of your budget on groceries and dining out

While there are many other good credit cards out there… for foodies, there are few that can match the rewards of the Savor.

With its offer of 3% cash back on dining, 2% cash back on groceries, and 1% cash back on all other purchases, it's a particularly friendly card to reap cash back rewards.

On top of this, some of its perks, like the addition of World Elite Mastercard benefits, put it closer to higher-end cards, but without the annual fee.

If you spend a lot of food, either at home or out on the town, then this may just be the card for you.

Do you have the Savor card in your wallet?

How has the card worked out for you so far?

Any great feedback or tips to share with the rest of us?

Let us know in the comments below.

Capital One® Savor® Rewards

Capital One® Savor® Rewards

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Editorial Note:

This content is not provided by Capital One. Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Capital One.