Capital One® Savor® Rewards Credit Card

Capital One® Savor® Rewards Credit Card

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7.0/10 (Expert Score)
Product is rated as #4 in category Cash Back

The Capital One® Savor® Rewards Credit Card is aimed at those who love dining and entertainment with a generous unlimited 4% cash back rate on purchases on dining and entertainment.

The card also offers a 2% cash back rate at grocery stores and 1% on all other purchases.

Based on average American spending, this equates to an average rewards purchase yield of 1.33%.

Additionally, the card currently offers a $300 cash bonus if you charge at least $3,000 within the first 3 months.

However, the card carries a $95 annual fee (waived for the first year).  You’d need to charge at least $7,142 (assuming an average purchase yield of 1.33%) in order to offset the annual fee.

In comparison, the Savor® card’s corporate sibling, the Capital One® Venture® Rewards Credit Card offers an unlimited 1.5% cash back rate with no annual fee. So, unless you spend more than the average American on dining and entertainment, you may be better served by the Venture®.

CARD DETAILS

Estimated Purchase Yield

Estimated Purchase Yield

1.33%

Notes

Assumes an average consumer spending pattern as provided by the US Department of Labor Statistics

Bonus Offers

Bonus Offer Value

$300

Bonus Offer

$300 cash bonus (requires $3,000 in new purchases within first 3 months)

Ongoing Bonuses

None

Estimated Annual Card Value

Yr 1 @ $5k in Purchases

$366.50

Yr 1 @ $15k in Purchases

$499.50

Yr 1 @ $30k in Purchases

$699.00

Yr 2+ @ $5k in Purchases

-$28.50

Yr 2+ @ $15k in Purchases

$104.5

Yr 2+ @ $30k in Purchases

$304.00

Valuation Notes

Bonus Offer Value plus Ongoing Bonus Value (if any) plus value of rewards at stated annual purchasing level less the annual fee

Airport Lounge Access

Lounge Access?

No

Lounge Network

Not Applicable

Guests

Not Applicable

Access Restrictions

Not Applicable

Reward Points

Do Points Expire?

No - You can redeem cash back at any time in any amount

Redemption Options

Cash, Gift Cards and Statement Credit

Can Points Be Transferred?

No

Fees & APRs

Annual Fee

$0 intro for the first year, $95 thereafter

Foreign Transaction Fees

None

Late Payment Fee

$39

APR - Intro (Purchases)

Intro Rate Not Offered

APR - Intro (Balance Transfers)

Intro Rate Not Offered

APR - Cash Advance

25.74% + $10 or 3% transaction fee (whichever is greater)

APR - Regular (Purchases)

16.24% - 25.24%

APR - Regular (Balance Transfers)

16.24% - 25.24% (no fee)

Grace Period

25 days after close of each billing cycle

Other Items

Recommended Credit Level

Very Good+ (FICO Score: 740-850)

Link to Issuer Website

https://www.capitalone.com/credit-cards/savor-dining-rewards/

Date Information Confirmed

December 26, 2019

Capital One® Savor® Rewards Credit Card
Capital One® Savor® Rewards Credit Card
PointsAdventure.com
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