Capital One Savor Credit Card Review

  Last updated by

The Capital One Savor Dining Rewards Card is one of the most intriguing, specialized rewards cards we’ve come across – a credit card specifically designed to subsidize your food spending in the form of cash back rewards points.

Capital One Savor Review

On Chase's home portal

750 - 850
Best for excellent credit

Highlight: Strong cash back bonuses for foodies
  • Unlimited 3% cash back on dining

  • Unlimited 2% cash back on groceries

  • Unlimited 1% cash back on all other purchases

  • $150 signup cash bonus

  • 3% balance transfer fee in first 9 months

  • No foreign transaction fees

Intro APR


Variable APR

15.99% - 24.74%

Annual Fee


Signup Bonus


Here’s how it works: the Capital One Savor is a dining rewards card that gives you unlimited cash back on all your purchases. However, if you use it for grocery store purchases, you get twice the rewards points. For dining and restaurants, you get three times the rewards – it’s a system that heavily rewards use in these very specific spending categories.

As a credit card, its rewards are straightforward but admirable: there’s no annual fee, and no APR for the first nine months of card ownership. There are no foreign transaction fees, and a lower balance transfer fee for that same introductory APR period. Plus, you get a nice $150 signup bonus if you spend $500 in the first three months of owning the card.

In our Capital One Savor review, we ended up finding a robust, multi-layered dining rewards card that is a fantastic option for those who spend a lot on going out or buying groceries, and want to get a little cash back for their troubles.

Capital One Savor Review: Our Overall Rating

The Capital One Savor is one of those rare specialized cards that focuses in on food and drink purchases as its primary spending categories, which makes it stand out from the pack a bit. Most cards favor gas or travel, but our food purchases are often sorely underestimated – it’s nice to offer a card dedicated to that universal source of spending.

With its multi-tiered, unlimited cash back rewards system, Capital One Savor card holders are always earning cash back no matter what they’re buying, which is always a good thing. For those who want to keep it as a dedicated card to use at the grocery store or when they go out to eat, it’s a really good choice.

In addition to its focus on food purchases, this card is just a good all-around credit card. Its introductory APR isn’t as long as other cards (9 months is on the shorter end for those cards that offer the deal), but they make up for it with no annual fee and a lower balance transfer rate.

Between these perks and the focus of the card’s categories, it’s hard to beat the Savor card for a single-purpose food-related rewards card.

Capital One Savor Review Snapshot: Where it Wins

It heavily rewards food-related spending. Food and dining are some of our biggest spending categories, and it’s nice to see a rewards card that understands that and focuses on it. Whether you’re going out to eat, or picking up groceries to make at home, the Savor gives you a little extra cash back for all that money you spend on the things you eat.

No annual fee. It’s always nice to see a rewards card with no annual fee – provided you can keep your balances under control, this means you can theoretically keep this card for no additional cost. With the cash back bonus, you’ll effectively make money with this card.

An easily attainable signup bonus. Most signup bonuses seem, at first glance, to be a little unwieldy. Do they really expect us to spend $4,000 in three months just for some cash back rewards points? However, this card just expects you to spend $500 over three months to get its $150 bonus.

Capital One Savor Rewards & Benefits

Unlimited 3% cash back on dining. The Savor's biggest reward tier is in dining and restaurants; this is great for that next business lunch, or dinner date, or any time you go out with friends to that hot new place down the street.

Unlimited 2% cash back on groceries. We can’t eat out every night, though; grocery stores can often be where we rack up the biggest bills. To that end, this card gives you double points for supermarket and grocery store purchases – just another way the card’s food-related rewards work.

Unlimited 1% cash back on all other purchases. Of course, there may be times when you don’t want to use the the Savor for dining-related purchases. Luckily, the card still offers unlimited 1% cash back for everything else you buy, which is par for the course for cards like these.

$150 signup cash bonus. If you spend $500 in the first three months of membership, the Savor rewards you with a nifty $150 cash back rewards bonus. When all the math shakes out, that effectively means you’re only spending $350.

Capital One Savor Costs & Fees

$0 annual fee. Annual fees can be fairly pesky when it comes to credit cards, especially rewards cards – it can make you feel like you’re losing money in the long run. However, this card doesn’t make you pay an annual fee, and you can’t get much lower than free.

0% introductory APR for 9 months. While nine months isn’t as long as some other cards (which offer anywhere from twelve months to a whopping eighteen), that’s still plenty of time to enjoy guilt-free spending on food and dining, or help to pay off a pesky balance from another high-interest card.

15.99%-24.74% variable APR. Once that introductory period lapses, you’re subject to the card’s variable APR, which has a pretty generous range. Those with really good credit have a decent chance of only having to pay 15.99% in interest, which is a nice incentive for responsible spenders.

3% balance transfer fee in first 9 months. As previously mentioned, the Savor's first nine months offer 0% interest, making it perfect for balance transfers. To further sweeten the deal, the card offers a lower balance transfer fee during this period; after that, it goes up to 5%.

No foreign transaction fees. For those of you traveling outside the United States, you can even use this card for foreign dining and spending, without having to worry about foreign transaction fees. Frequent travelers should take a serious look at this card; not many cards offer this.

Who is the Capital One Savor best for?

Obviously, the biggest winners  will be those who spend a lot on dining and groceries, and who want to get better cash back rewards for those purchases. If you go out to restaurants a lot, or build up huge bills at the checkout counter, having this extra cash back will go a long way toward subsidizing one of our biggest collective spending categories.

Not only that, it’s a great card for balance transfers, allowing cardholders to bring balances over from existing cards at a low fee (3%) to enjoy nine months of reprieve from high interest due to their 0% introductory APR period. With no annual fee, and a modest $500 signup bonus, it’s just an all-around good rewards card on its face.

How to Apply for the Capital One Savor

Applying is fairly easy; all you have to do is head to Capital One's application portal and enter the required information. They don’t ask for much; there’s the usual personal information like name, birthday, social security number, address and so on.

From there, you fill out your financial information – your employment status, annual income, rent, spending averages, etc. After that, you’re all set; just sit back and wait to be approved

Capital One Savor Card Alternatives

US Bank Cash+ Visa Signature Card. While this cash back rewards card isn’t specific to dining or groceries, the flexibility of this card allows you to select two categories where you can get 5% cash back (up to $2,000) in purchases, and one unlimited 2% cash back category. Just set them for restaurants and groceries, and you’ll be set for plenty of rewards.

Chase Sapphire Preferred. If you prefer your rewards in the form of points, and you like to travel a bit more, the Chase Sapphire Preferred might be a good alternative. You get double points on travel and dining expenses; plus, you can pool rewards with the Chase Ultimate Rewards card to maximize your rewards if you have other Chase products or cards.

Blue Cash Preferred Card from American Express. If you want a hefty cash back rewards card, but spend more on grocery stores than restaurants, the Blue Cash merits serious consideration. You get 6% cash back at supermarkets, which is simply a remarkable rate of return.

Citi ThankYou Preferred Card Review
Wells Fargo Cash Wise Visa Card Review

Leave a Comment