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INSIDER SECRET: By making use of the Capital One Savor card’s benefits, you can easily cover the annual fee. Remember, it’s waived the first year (then $95). And each benefit on its own can be worth hundreds!
If you like to dine out or see live shows, you’ll love the Capital One® Savor® Cash Rewards Credit Card – and the welcome bonus. You’ll earn a $300 cash bonus after meeting minimum spending requirements.
You can redeem the rewards you earn for gift cards and statement credits. Or you can choose to receive a check in the mail.
The Capital One Savor card’s tempting sign-up bonus is one of the reasons I love this card. But what’s especially great are the Capital One Savor card benefits. And if you find yourself spending money at restaurants or on entertainment, it will become a staple in your wallet for years to come.
Here’s how the perks can easily offset the card’s low annual fee and earn you hundreds in cashback annually.
Capital One Savor Card Benefits and Perks
Apply here: Capital One® Savor® Cash Rewards Credit Card
Read our review of the Capital One Savor card
With the Capital One Savor, you’ll earn $300 cash back after spending $3,000 on purchases within the first three months of account opening.
In addition to the valuable sign-up bonus, there are other ongoing perks and benefits that make the Capital One Savor card worth keeping for the long haul.
Here are the standout benefits.
Earn Unlimited Cash Back
The most practical perk is by far the unlimited cashback. The Capital One Savor card earns:
- 4% cash back on dining
- 4% cash back on entertainment
- 2% cash back at grocery stores
You’ll earn 1% cash back on all other purchases.
Here’s how valuable earning unlimited cash back can be. Let’s say you spend $1,000 a month with your Capital One Savor card:
- 20% at Restaurants or on Entertainment: $200 for $8 cash back
- 20% at Grocery Stores: $200 for $8 cash back
- 60% on general purchases: $600 for $6 cash back
That’s $22 each month, or $264 per year. Plus, at $1,000 a month, you’d also earn the $300 welcome bonus for $564 your first year of having the card. Also, during the first year, there’s no annual fee.
8% Cash Back With Vivid Seats
Not only can you earn 4% on your typical entertainment purchases, but you can also earn 8% cashback with Vivid Seats through May 2020. Vivid Seats is a lot like StubHub. You can score cheap tickets to concerts or sporting events.
I managed to snag a pass to Bonnaroo, a music festival in Tennessee, for $325 when tickets on the festival’s website were $400+. Using the Capital One Savor card, I earned $26 for that purchase! That can cover a few beers at the festival.
If you plan on buying tickets to a concert, music festival, or sporting event, I recommend using Vivid Seats with your Capital One Savor card. You’ll earn a nice chunk of your purchase back in cash!
Postmates Unlimited for Free
With the Capital One Savor card, you’ll receive a monthly statement credit for a $9.99 Postmates Unlimited subscription.
Postmates is a popular delivery service that allows you to have almost anything (including alcoholic drinks) delivered to your doorstep.
Ordering via Postmates can add up for most folks. Postmates usually charges a delivery fee of up to $9.99, a small cart fee and Blitz pricing when users are placing orders at an increased rate. Postmates Unlimited allows you to place orders without having to pay the delivery fee, any small cart fees and you’re exempt from Blitz pricing.
I am a chronic Postmates user, especially after a night out with friends. Though I usually spend under $20 on food, I really spend upwards of $30 because of the extra fees. With Postmates Unlimited, I easily save over $50 a month. If your habits are similar, you can too.
Extended Warranty Protection
Another great benefit is extended warranty protection. The Capital One Savor card will extend the manufacturer’s warranty by a year on eligible items.
If the manufacturer’s warranty is lackluster with protection only available for 3 years or less, Capital One will cover your purchase.
Coverage is limited to the lesser of the following:
- The cost to repair or replace the item
- The purchase price of the item
- The amount charged to your Capital One Savor card
- $10,000 per item
Capital One Premium Access
With the Capital One Savor card, you get Capital One’s Premium Access program. Capital One Premium Access combined with the Savor card is the perfect combination.
Capital One Premium Access gives you options for VIP events, exclusive tickets to popular concerts and music festivals, and sporting events.
Past Premium Access events included exclusive access and tickets to the Capital One Jam Fest with Katy Perry, exclusive access to the iHeartRadio Music Festival and tickets to the NCAA Final Four. Upcoming events include VIP treatment for events at the Capital One Arena in Washington and exclusive reservations to top restaurants in cities like New York.
Though great for entertainment and dining, the Capital One Savor card is also great for travel. When you use your Capital One Savor card to book travel, the card offers travel coverage should something go wrong.
Car Rental Insurance
The most valuable part of Capital One’s travel coverage is coverage for car rentals.
The Capital One Savor card offers secondary coverage for car rentals. So if you already have insurance that covers car rentals, this benefit won’t kick in. If you do use this benefit, it will cover things like scratches, fender benders, and other damage.
Mastercard World Elite Benefits and Perks
The Capital One Savor card is a Mastercard World Elite card. This means that all the benefits offered with Mastercard World Elite cards apply to the Savor card. The list of benefits offered to Mastercard World Elite card holders is actually pretty extensive.
If you ride with Lyft, the Capital One Savor card is the perfect card for you. The Savor card offers Lyft credits each month, because it’s a World Elite Mastercard. If you take 5 or more rides with Lyft during a month, you’ll earn $10 in Lyft ride credit. And this benefit resets each month.
This means you can earn up to $120 in Lyft credits each year! So this benefit alone can more than cover the card’s annual fee.
Free ShopRunner 2-Day Shipping
This benefit will save you a lot of time and money if you like shopping online. The Capital One Savor card offers free 2-day shipping and returns at more than 140 stores including popular retailers like Neiman Marcus, Saks Fifth Avenue and Cole Haan through ShopRunner.
If you find a better price on a recent purchase within 120 days of making that purchase, the Capital One Savor card might allow you to earn back the difference between the current price and the price you paid. This is a super valuable benefit. Just make sure you don’t rely too much on this benefit, as some purchases aren’t covered.
You can get up to $250 per claim and up to four claims per 12-month period.
World Elite Concierge
This is one of my favorite benefits of any credit card. It’s a super underrated perk that more card holders should take advantage of. Though the card comes with a low annual fee of $95 a year after the first year, you get access to a dedicated concierge.
This concierge can take care of dinner reservations, travel plans and you can snag last-minute concert tickets. The service is free and so underutilized by many cardholders. I’ve managed to score some great last-minute reservations at popular restaurants and snag great seats at concerts thanks to the concierge benefit.
If you’re someone who eats out a lot, sees movies, goes to concerts, or just loves cash rewards, I highly recommend the Capital One Savor card. The card currently has a waived annual fee the first year and a welcome bonus of $300 cashback after spending $3,000 in the first three months of opening an account.
I don’t think there’s a better card for dining out and entertainment. The Capital One Savor card earns unlimited 4% back at restaurants and for entertainment purchases.
On the topic of dining out, one of my favorite benefits is the monthly Postmates statement credit. That statement credit will save you not only the $9.99 a month for Postmates Unlimited, but also anywhere from $50 to $100 if you order delivery with Postmates eight to ten times in a month.
It’s also a Mastercard World Elite card, which means you’ll have access to great benefits that’ll come in handy when you’re out on the road. Benefits include Lyft credits, extended warranty coverage, and travel & lifestyle services.