Capital One Savor Rewards Credit Card — Full Review [2023]

Great Card If

• You prefer cash-back to travel rewards
• You want a card with purchase protection and price protection
• You spend a lot on dining, entertainment, and popular streaming services
• You want a card with no foreign transaction fees

Don’t Get If

• You prefer travel rewards to cash-back
• You want a card with no annual fee
• You don’t spend much on dining or entertainment

The Ideal Cardholder

If you’re someone who values cash-back rewards for the categories where you spend the most, then the Capital One Savor card may be a fantastic option for you.

With 4% cash-back on all dining, entertainment, and eligible streaming service purchases, this card is a great option for those who like to spend their Friday and Saturday nights trying out the newest restaurant before heading to see a show, or for those who want to grab takeout and head home to watch a movie on the couch.

The card also now comes with 10% cash-back on Uber and Uber Eats, as well as a complimentary Uber One membership through November 14, 2024.

Capital One also aims to help keep you covered when you need it most. So when you use your Capital One Savor card to purchase an item, you’ll get an extended warranty policy on that item for no additional charge.

In addition, if you’re ever in a bind and have some car trouble, you’ll receive complimentary roadside assistance, too.

How To Use Capital One Cash-Back for Max Value

Cash-Back or Statement Credit

Unlike with travel rewards cards, there aren’t any strategic redemptions available to greatly increase the value of your cash-back.

However, the pro to this method is that there are no hoops to jump through, no transfer partners to worry about, and no award charts to fixate over either.

When you’re ready to redeem your cash-back, you have the option of receiving a statement credit to offset purchases you’ve made or you can take the pure cash-back option and receive a check in the mail.

One relatively unique positive with the Capital One Savor card is that there is no minimum redemption requirement. This gives you much more autonomy when deciding the amount and frequency with which you use your cash-back.

When your eligible card is linked to PayPal, you can also checkout with PayPal and redeem your cash-back at a rate of $1 to $1.

Gift Cards

Like many other rewards credit cards, Capital One also gives cardholders the option to redeem their cash-back for gift cards. While this may seem convenient if you have plans to make a purchase with a certain store, we recommend you just take the cash-back or statement credit instead.

This is because both cash-back and statement credits are more flexible and can be used to cover purchases made with any retailer (as opposed to just 1).

How To Earn More Capital One Cash-Back

Dining, Entertainment, and Popular Streaming Purchases

With the Capital One Savor card, you’re going to earn 4% back on all your dining, entertainment, and eligible streaming purchases. Naturally, you will want to make this your designated card for all purchases within those categories. Whether you’re someone who goes out frequently or prefers a good Netflix series on the sofa, this can really add up.

Hot Tip: Capital One categorizes dining as purchases as restaurants, cafes, bars, lounges, fast-food chains, and bakeries. Entertainment purchases can be movies, plays, concerts, sporting events, tourist attractions, theme parks, aquariums, zoos, dance clubs, pool halls, or bowling alleys. Eligible streaming services include Netflix, Hulu, and Disney+. You have plenty of options to maximize that 4% cash-back with each category! 

Grocery Purchases

With the Capital One Savor card, you’ll earn 3% cash-back at supermarkets, meat lockers, freezers, dairy product stores, and specialty markets. This gives you plenty of opportunities to earn a solid return on all your grocery store runs.

Keep in mind that non-grocery superstores like Walmart and Target will not count toward this category.

Non-Bonused Purchases

This card earns 1% cash-back on all purchases that don’t fall within the dining, entertainment, or grocery store categories. If you don’t hold any other cards in your wallet that offer a higher return, then this card is certainly better than nothing.

After all, if you’re using the card for all of your purchases and paying your balance off in full each month, even the cash-back you earn from non-bonused purchases will start to add up.

Alternatives to the Capital One Savor Card

Chase Sapphire Preferred® Card

While some may prefer the simplicity of cash-back rewards, if it’s the big value of travel rewards that you’re after, then the Chase Sapphire Preferred card might be right for you.

The Chase Sapphire Preferred card earns 5x Ultimate Reward points on all travel booked via the Chase Ultimate Rewards portal, 3x points on dining, online grocery purchases, and select streaming services, and 2x points on all other travel, which can be used to unlock huge value through Chase’s airline and hotel transfer partners.

Both cards feature a $95 annual fee, but the Chase Sapphire Preferred card comes with several additional perks that frequent travelers will love.

Capital One SavorOne Rewards Credit Card

If annual fees aren’t your thing, consider the Capital One SavorOne card. With it, you’ll earn:

• 8% cash-back on entertainment purchases booked through Capital One Entertainment
• 5% cash-back on hotels and rental cars booked through Capital One Travel
• 3% cash-back on dining, entertainment, popular streaming services, and at grocery stores
• 1% cash-back on all other purchases

With bonus categories like these, it’s easy to understand how the cash-back you earn could really add up.

Plus, it comes with a solid welcome offer for a no-annual-fee card.

We’ve compared the Capital One Savor card to other popular cards:

• Capital One Savor card vs. Capital One Platinum Credit Card
• Capital One Savor card vs. Capital One Venture Rewards Credit Card

The information regarding the Capital One Savor Cash Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. 
The information regarding the Capital One SavorOne Card Rewards Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.