Capital One® Savor® Rewards Credit Card
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Last Updated on December 31, 2019
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
Issuer & Payment Network
Issuer
Payment Network
Network Benefit Level
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
Protections & Services
Zero Liability Protection
Purchase Protection
Extended Warranty Protection
Trip Cancellation / Interruption
Auto Rental Collision Damage Waiver
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
