The Capital One Savor Rewards Credit Card has been a popular choice for folks who spent heavily on dining and entertainment, particularly if it was paired with a Capital One Miles-earning card.
Perhaps you noticed the past tense? That’s because, as of yesterday, there’s nothing left to…Savor. The card has been discontinued and is no longer available for new applications.
Savor Card Details
| Card Name w Details & Review (no offer) |
|---|
FM Mini Review: Excellent cash back card for dining and entertainment spend. $0 introductory annual fee for the first year, then $95 Earning rate: 4% cash back on dining, entertainment, and popular streaming services ✦ 3% at grocery stores ✦ 1% everywhere else ✦ 8% cash back on Capital One Entertainment purchases ✦ 5% on hotels and rental cars booked via Capital One Travel Base: 1% Dine: 4% Grocery: 3% Other: 4% Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees. Noteworthy perks: No foreign transaction fees |
Quick Thoughts
I’m not terribly surprised to see this go down, as the $95 Savor card almost completely overlapped with the no annual fee SavorOne card. The only difference between the two is that the SavorOne earns 1%/1x less than the regular Savor on dining, entertainment and streaming. However, it was probably the better option for most people long-term, as you’d have to spend $9500 annually in those categories on the Savor card to simply break-even with the $95 annual fee when compared to doing that spending on the SavorOne.
Capital One says that current Savor cardholders will be able to keep, hold and enjoy their card for the time being…and that’s usually a long time. I’ve heard of some folks with cards that were discontinued over a decade ago that are still chugging along.
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Yesterday 7/23/24, I received an email from Capital One to refer someone. When I clicked it to see what it was, it was to refer my Savor Card. So I guess, you can still get this card if you want, through referrals maybe.
I read and it seemed like it was already discontinued, but I was able to apply and was approved using the pre-approval form. This cost me a 5/24 slot but long term might have been the smart play. Time will tell I guess.
“However, it was probably the better option for most people long-term, as you’d have to spend $9500 annually in those categories on the Savor card to simply break-even with the $95 annual fee when compared to doing that spending on the SavorOne.”
a clinical approach like this always speaks to me. maybe i didn’t read enough but i rarely see this in blogosphere. and break even is just a non-starter for me. 10-20% advantage (at least) then I’ll consider. after applying clinical calculations, a lot of the so-called sweet spots are just not that sweet. and lots of decent deals became average or even subpar. used this in all airline and hotel redemption vs cash dilemma.
I’m curious if Capital One gives bloggers some advance notice of things like this. I remember Nick just converted to this card. Incredible luck!
I thought the same thing initially, but Nick actually product-changed to the SavorOne, which is the card that’s still hanging around.
Does this mean the 10x on Uber and Uber Eats, which ends on November 14, 2024, may not be renewed or only renewed for the Savor card?
I’d guess it would only be the SavorOne, but that’s nothing but a guess.
I am a little confused. The card they are canceling is the SavorOne, which is a no-annual-fee card. The Savor card, the one that has a $95 annual fee, will continue. The article should be modified.
It’s actually the reverse. They’ve discontinued the Savor card (which has an annual fee) and are keeping the SavorOne (which doesn’t).