Capital One Savor Rewards Credit Card Review (2023)

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The Capital One Savor Rewards Credit Card is a great pick for those who spend heavily on dining and entertainment, particularly if you’re willing to pair this card with a Capital One Miles-earning card. However, for anyone who isn’t willing to commit to big spend on dining and entertainment, it would make more sense to consider the Capital One SavorOne Rewards credit card.

a round container with a lid on top of it
Like your caviar with a side of 4% cash back? This could be the card for you.

Capital Savor Rewards Current Welcome Offer

Card Offer
$300 Cash Back ⓘ Non-Affiliate
Earn a one time bonus: $300 after $3K spend in 3 months from account opening
$0 introductory annual fee for the first year, then $95
Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.

Capital Savor Rewards Review

The Capital One Savor Rewards card typically features a mediocre welcome offer, but the card offers unlimited 4% rewards on dining, entertainment, and popular streaming services and 3% back at grocery stores for a very reasonable annual fee. If you have a card that earns Capital One miles, things get better yet since you can move cash back rewards earned on a Savor card to miles on a card like the Capital One Venture Rewards card at a rate of $0.01 = 1 Capital One Mile (See: Huge: Convert Capital One cash back to miles by moving rewards) and then enjoy the strong slate of Capital One transfer partners. The card also features 10% back on Uber and Uber Eats and a monthly statement credit for the Uber One membership fee through November 14, 2024. If you are combining the Savor card with a miles-earning card, you could think of the bonus categories as 10x Uber and Uber Eats, 4x for dining, entertainment, and streaming and 3x grocery, which combine to make this card a great companion with a card that earns 2x miles everywhere. See our Capital One Miles Complete Guide for more information on why the capability to turn cash into miles may be appealing.

All that said, the real question is whether this card is worth its annual fee long-term when you could alternatively have the Capital One SavorOne Rewards Credit Card, which only offers 3% back on dining, entertainment, and popular streaming services but otherwise offers all of the above. Whether it is worth paying $95 per year for the Savor card really comes down to how much money you spend in the Capital One Savor Rewards Credit Card’s 4% bonus categories. If you spend more than $9,500 per year in this card’s 4% categories, the Savor card will be the better choice for you.

While you might consider starting with this Savor card for a better welcome bonus offer and later product changing to the SavorOne, keep in mind that Capital One is inconsistent in terms of offering downgrade / upgrade options. You may need to consider sacrificing on the richer welcome offer of the Savor card if you ultimately think you’d prefer having the SavorOne card in your wallet.

  • Annual Fee: $95
    • Authorized User Annual Fee: Free
  • Foreign Transaction Fee: None
  • What points are worth: The Capital One Savor Rewards card earns cash back, so cash back rewards can be redeemed for a statement credit at face value. However, if you have a miles-earning Capital One card, you can move rewards to your miles card ($0.01 can become 1 Capital One Mile) and then transfer to partners. Our current Reasonable Redemption Value for Capital One miles is 1.45 cents each, so you can get better value by combining this card with a miles-earning card.
  • Best Use for Points: Converting rewards to Capital One Miles so that they can be transferred to travel partners at a 1:1 ratio will usually yield the most value if you have that option available to you. A nice advantage of the Savor card is the flexibility to redeem for cash back as a statement credit or against any type of purchase (you aren’t limited to using rewards for travel).
  • Earning Categories: 
    • 10% back on Uber and Uber Eats (through 11/14/23)
    • 8% back on Capital One Entertainment purchases
    • 5% back on hotels and rental cars booked through Capital one Travel
    • 4% back on dining, entertainment, and popular streaming services
    • 3% back on grocery
    • 1% back everywhere else
  • Additional Perks:
    • No foreign transaction fee: The ability to earn strong bonus categories in dining and grocery while abroad and without incurring a transaction fee should make this card appealing to those who frequently spend in those categories in foreign countries.
  • Purchase Protections:
    • Extended Warranty: One additional year, on eligible warranties of three years or less (US warranties only).
  • Who’s this card for? Folks who spend a lot on dining, entertainment and grocery and especially for those who are willing to pair this card with a miles-earning card to broaden the potential uses of the rewards and provide a better option for unbonused spending (since you wouldn’t want to earn just 1% back, which is what this card earns on otherwise unbonused purchases).
  • Is the Capital One Savor Rewards credit card a keeper? If you are willing to commit more than $9,500 per year in spend on dining and entertainment and you are willing to pair this card with a card like the Capital One Venture Rewards credit card, then yes this could absolutely be a keeper card. I think the SavorOne card is probably a better fit for most people given that it still earns the same 3% back on grocery and continues to earn a good category bonus on dining, entertainment, and streaming services.
a man sitting at a table with food and drinks
If you like fancy food, this card could be a solid fit.

Capital One Savor Rewards Pros and Cons

Pros

  • Temporarily earns 10% back on Uber and Uber Eats
  • Earns very good (and unlimited) category bonuses on dining, entertainment, streaming, and grocery purchases.
  • Cash back rewards can be converted to miles by moving rewards if you have a miles-earning card, making the bonus categories effectively 4x on dining / entertainment / streaming and 3x on grocery, which makes this card a solid companion to a Venture, Venture X, or Spark Miles card.

Cons

  • Only 1% back on purchases outside of the bonus categories, which is not a competitive rewards rate
  • Can be difficult to get approvals for multiple Capital One cards
  • If you’re not a heavy dining / entertainment / streaming spender, the annual fee just won’t make sense over getting the SavorOne card (and in fact, Capital One’s landing page for the Savor Rewards card pretty heavily advertises the SavorOne as a no-annual-fee alternative).

Related Cards

Capital One Consumer Cash Back Cards

Card Offer and Details
$200 Cash Back ⓘ Affiliate
One time bonus: $200 after $500 spend in 3 months from account opening. (Rates & Fees)
No Annual Fee
FM Mini Review: While you can do better with a 2% cash back card that has no annual fee, the Quicksilver card often offers excellent discounts with popular services such as Uber or Spotify.
Earning rate: 1.5% everywhere ✦ 5% on hotels and rental cars booked via Capital One Travel
Base: 1.5%
Other: 5%
Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees.
Noteworthy perks: No foreign transaction fees ✦ Up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
$300 Cash Back ⓘ Non-Affiliate
Earn a one time bonus: $300 after $3K spend in 3 months from account opening
$0 introductory annual fee for the first year, then $95
Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
FM Mini Review: Excellent cash back card for dining and entertainment spend.
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
$200 Cash Back ⓘ Affiliate
One time bonus: $200 after $500 spend in 3 months from account opening. (Rates & Fees)
No Annual Fee
Earning rate: 3% on dining, entertainment, select streaming services, and purchases at grocery stores (excluding superstores like Walmart® and Target®) ✦ 8% cash back on Capital One Entertainment purchases ✦ 5% on hotels and rental cars booked via Capital One Travel (terms apply) ✦ 1% everywhere else
Base: 1%
Dine: 3%
Grocery: 3%
Other: 3%
Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees.
Noteworthy perks: Complimentary Uber One membership statement credits through 11/14/2024 ✦ No foreign transaction fees

Capital One Miles Earning Cards

Consumer

Card Offer and Details
20K miles ⓘ Affiliate
Earn 20,000 bonus miles once you spend $500 on purchases within the first 3 months from account opening. (Rates & Fees)
No Annual Fee
FM Mini Review: Decent welcome bonus for a card with no annual fee, but other cards offer better rewards for ongoing spend. Click here for our complete card review
Earning rate: 1.25X miles everywhere ✦ 5X miles on hotels and rental cars booked via Capital One Travel
Base: 1.25X (1.81%)
Other: 5X (7.25%)
Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees.
Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points
75K Miles + up to $200 in statement credits ⓘ Non-Affiliate
Earn 75,000 bonus miles after $4K spend in 3 months + up to $200 in statement credits when you make an Avelo purchase in your first year + priority boarding on Avelo flights for the first year. (Rates & Fees)
$95 Annual Fee
Alternate Offer: Airport Kiosk offer of 80K miles after $4K spend in the first 3 months See this post for details.
Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
FM Mini Review: This card earns 2 "miles" per dollar, which are worth exactly 1 cent each toward travel. This makes the return on spend similar to a 2% cash back card (though in this case you must redeem your miles to offset travel in order to get 1 cent per mile). One big advantage over cash back: Capital One allows transfering their "miles" to airline miles & hotel points. Click here for our complete card review
Earning rate: 2X miles everywhere ✦ 5X miles on hotels and rental cars booked via Capital One Travel
Base: 2X (2.9%)
Other: 5X (7.25%)
Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees.
Noteworthy perks: Receive up to $100 application fee credit for Global Entry or TSA PreCheck® ✦ Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points ✦ No foreign transaction fees
75K Miles ⓘ Affiliate
75k miles after $4k spend within first 3 months. (Rates & Fees)
$395 Annual Fee
Recent better offer: Expired 3/14/22: 100K after $10K spend in 6 months + $200 credit for vacation rental spend in first year
FM Mini Review: This card offers annual rebates that easily mitigate the fee for those who travel often. Authorized users are free and also get access to perks like Priority Pass, Capital One Lounges, Plaza Premium lounges, and more. The card earns 2 "miles" per dollar on most purchases just like the Capital One Venture Rewards card, which are worth exactly 1 cent each toward travel. This makes the return on most spend similar to a 2% cash back card (though in this case you must redeem your miles to offset travel in order to get 1 cent per mile). One huge advantage over cash back: Capital One allows transfering their "miles" to airline miles & hotel points. Click here for our complete card review
Earning rate: 10X miles on hotels and rental cars booked via Capital One Travel ✦ 5x miles on flights booked via Capital One travel. ✦ 2X miles everywhere else.
Base: 2X (2.9%)
Other: 10X (14.5%)
Card Info: Visa Infinite issued by CapOne. This card has no foreign currency conversion fees.
Noteworthy perks: $300 annual credit for bookings made through Capital One Travel ✦ 10,000 bonus miles each year starting at first anniversary ✦ Up to $100 application fee credit for Global Entry or TSA PreCheck® ✦ Capital One Lounge access ✦ Priority Pass membership w/ unlimited guests (lounges only) ✦ Plaza Premium lounge access ✦ Cell phone insurance ✦ Trip insurance ✦ Primary CDW coverage ✦ Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points

Business

Card Offer and Details
50K Miles ⓘ Affiliate
Earn a one-time 50K miles bonus when you spend $4,500 in the first 3 months. (Rates & Fees)
$0 introductory annual fee for the first year, then $95
FM Mini Review: This card is similar to the Spark Cash Plus card, but it has the advantage that "miles" earned with this card can be transferred to a large number of airline & hotel programs.
Earning rate: 2X Miles everywhere ✦ Earn 5X miles on hotel and rental car
bookings through Capital One Travel
Base: 2X (2.9%)
Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees.
Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points ✦ No foreign transaction fees ✦ Up to $100 fee credit for TSA Pre✓® application fee or Global Entry application fee
50K after $4,500 spend in 3 months from account opening
No Annual Fee
Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy.
FM Mini Review: This card is similar to the Spark Cash Select for Business, but rewards are intended to be used to offset travel purchases. This is a good option for business owners who prefer simple rewards with no annual fee, and who value free travel over cash back. If you spend more than $19K per year, though, go for the 2X Spark Miles card.
Earning rate: 1.5X miles everywhere ✦ Earn 5X miles on hotel and rental car bookings through Capital One Travel
Base: 1.5X (2.18%)
Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees.
Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points ✦ No foreign transaction fees
150K Miles ⓘ Affiliate
Earn a one-time bonus of 150K miles after $30K spend in the first 3 months
$395 Annual Fee
Recent better offer: Expired 3/31/23: 250K Miles after $50K in spend.
FM Mini Review: Similar to the Venture X consumer card, the business version offers annual rebates that easily mitigate the fee for those who travel often and could be worth it for the lounge access and travel protections given the cost/benefit ratio. Unlike the Venture X, free authorized users do not get Priority Pass access. The card earns 2 "miles" per dollar on most purchases just like the Capital One Venture X Rewards card, which are worth exactly 1 cent each toward travel. This makes the return on most spend similar to a 2% cash back card (though in this case you must redeem your miles to offset travel in order to get 1 cent per mile). One big advantage over cash back: Capital One allows transfering their "miles" to airline miles & hotel points. Click here for our complete card review
Earning rate: 10X miles on hotels and rental cars booked via Capital One Travel ✦ 5x on flights booked via Capital One travel. ✦ 2X everywhere else.
Base: 2X (2.9%)
Other: 10X (14.5%)
Card Info: Visa issued by CapOne. This card has no foreign currency conversion fees.
Noteworthy perks: $300 annual credit for bookings made through Capital One Travel ✦ 10,000 bonus miles starting at first anniversary ✦ Up to $100 application fee credit for Global Entry or TSA PreCheck® ✦ Capital One Lounge Access ✦ Priority Pass w/ unlimited guests ✦ Plaza Premium lounge access ✦ Cell phone insurance ✦ Trip insurance ✦ Primary CDW coverage ✦ Redeem miles for travel at 1 cent per mile ✦ Convert "miles" to airline miles & hotel points
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Sam

Currently using AMEX gold for the 4X dining and groceries. even though a bit higher annual fee but able to use most of the $10 uber & $10 grub hub (I would say about ~$200 used per year..so effective annual fee for me is around $50). But very tempting since I have Venture X already. Been debating of switching my Gold to SAVOR if cannot use uber/grub hub as effectively.

Pam

Please adjust the F’M site’s new(ish) settings so it doesn’t time out while posting! Truly frustrating & has happened several times when I need to stop & return to finish! Thank you

Greg The Frequent Miler

Pam, no one on the team was aware of this time out issue. We asked Boarding Area about it and this was the response (I have no idea if it will help):

This actually sounds like a result of Chrome’s new(ish) “Memory Savor” feature which frees up memory from tabs you aren’t currently using. The tab would be reloaded once active again but anything on the page (i.e. comment form entry) would be lost. This feature is enabled by default but can be disabled manually.

https://blog.google/products/chrome/new-chrome-features-to-save-battery-and-make-browsing-smoother/

Mbh

One caveat, while I really like my savor card and intend to keep it, they are really bad about not calling something “entertainment” even when it clearly fits their own stated criteria. Live entertainment is probably my single largest annual expense, possibly eclipsing my mortgage. I subscribe to several local theatres, go to frequent concerts and make 2-3 trips to NYC just for theatre each year. (7-8 shows in 5 days if u do it right!)

But at least every other month I get awarded just 1 pt/$ for obvious ticket purchases at, e.g., “Fox Theater.” I keep meaning to call and challenge but haven’t yet tried. I guess I’m convinced I’ll get that whole “coding” argument.