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Is the Capital One Savor Card Worth It? If You Value Experiences Then 100% Yes!

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Is the Capital One Savor Card Worth It? If You Value Experiences Then 100% Yes!

Alyssa CerchiaiIs the Capital One Savor Card Worth It? If You Value Experiences Then 100% Yes!Million Mile Secrets Team

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INSIDER SECRET: Beyond an incredible 4% cash back return on dining and entertainment, the Capital One® Savor® Cash Rewards Credit Card also offers exclusive experiences where cardholders can see their favorite team or artist. 

The Capital One Savor Rewards credit card was built for folks who like to eat and value experiences. The card earns cash back, which makes rewards easy to earn, and it has attractive returns on popular categories. You’ll earn 4% cash back on dining and entertainment. Because, really, who doesn’t love to dinner and a show?

The card’s current sign-up promotion offers a $300 cash bonus after you meet minimum spending requirements.

If you’re a foodie or like getting out and about, this card is probably a great pick for your wallet. We’ll help you decide if the Capital One Savor card is worth it for you.

Is the Capital One Savor card worth its annual fee? 4% cash back on dining and entertainment can really add up. (Photo by 279photo Studio/Shutterstock)

Is the Capital One Savor Card Worth it?

Apply here: Capital One® Savor® Cash Rewards Credit Card
Read our review of the Capital One Savor Rewards Card

With the Capital One Savor card, you’ll earn $300 cash back after you spend $3,000 on purchases within the first three months of account opening.

When considering whether a card is right for you, it’s important to understand the costs and benefits. In this case, let’s look at how the card will provide more value than the cost of the $95 annual fee. The Capital One Savor card’s current sign-up bonus of $300 will cover the annual fee more than three times over. Plus, that annual fee is waived the first year, so you get a freebie year to see how you like it.

By just meeting the sign-up bonus there is innate value in the card, but that doesn’t count the other benefits. Earnings are ample on this card, with a whopping 4% cash back on dining and entertainment, 2% cash back on grocery store purchases and 1% back on everything else.

An 8% return on Vivid Seats purchases through May of 2020 can be a valuable return if you like to splurge on sports, concerts and theater. Plus, if you’re constantly getting food delivered, a Postmates Unlimited membership through December 2019 will save on delivery fees. (That membership alone is worth $10 a month.)

Other benefits like extended warranties on eligible purchases, travel accident insurance and NO foreign transaction fees help make the $95 annual fee minuscule in comparison to the value of the card.

Let’s take a look.

Earn Rewards Every Time You Dine

The Capital One Savor card puts food at the forefront of its priorities, offering 4% cash back on dining and 2% back on grocery store purchases.

Expensive taste can add up, but this card’s 4% cash back on dining will soften the blow. (Photo by W. Santos/Shutterstock)

Capital One counts dining as purchases made at “at restaurants, cafes, bars, lounges, fast-food chains and bakeries.” Pretty standard.

Grocery stores are considered to be “supermarket, meat locker, freezer, dairy product store and specialty market.” This category doesn’t stretch much further, though. Purchases from superstores like Walmart and Target won’t count.

Still, the category parameters ensure that you’ll get a reasonable return on your hunt for three square meals a day.

A free Postmates Unlimited membership can be attractive to foodies. (Photo by igor moskalenko/Shutterstock)

The card offers a waived Postmates Unlimited membership fee through the end of 2019, worth $10 a month ($70 in total if you sign up soon enough). With a Postmates Unlimited account, cardholders will receive free delivery on orders over $15, and they’ll never be charged a small cart fee or a Blitz (surge) fee. Plus, cardholders also get 4% cash back on Postmates purchases. That’s a nice return for dining in the comfort of your own home.

An Emphasis on Experiences, Including Exclusive Ones

Right beside that 4% cash back on dining is the 4% back on entertainment, categorized by Capital One as:

“Movie theaters, sports promoters (professional and semi-professional live events), theatrical promoters, amusement parks, tourist attractions, aquariums, zoos, dance halls, record stores, pool halls or bowling alleys.”

Whether you spend big bucks on taking your family to Disney or like to see movies on the weekend, this category gets you back some money on things you love.

4% back on entertainment can mean 4% back on Disney World and many other experiences. (Photo by Mia2you/Shutterstock)

Plus, Capital One’s partnership with Vivid Seats gives Savor Rewards cardholders a hefty 8% cash back on Vivid Seats ticket purchases. The platform has tickets to tons of events, so you will most likely be able to grab a seat at your favorite artist’s tour.

Capital One also offers exclusive access to dining, entertainment and sports events to cardholders who would love a VIP-only experience.

Simplicity With Cash Back Rewards

Understanding points systems, familiarizing yourself with valuations and securing a good redemption can be intimidating for the average credit card holder. Thankfully, the Capital One Savor card keeps it simple with its cash back categories. There’s no need to stress over maximizing your points. Plus, you can redeem what you’ve earned at any time, with no minimum redemption amount.

Other All-Around Useful Perks

The Capital One Savor card comes with a couple other benefits that can seriously come in handy. An extended warranty on eligible products will improve protection on purchases.

For frequent travelers, the travel accident insurance benefit allows for losses to be covered if the travel was purchased on the Capital One Savor card.

Another attractive add-on is the ability to use the card abroad at no added cost due to the card’s no foreign transaction fee benefit. This way, you can enjoy your Italian pasta in Italy with no extra cost. (Oh, and that nifty 4% cash back on dining.)

What About Other Capital One Cards?

Capital One has another card that’s comparable to the Capital One Savor Rewards card called the Capital One® SavorOne® Cash Rewards Credit Card. The most striking difference between the two is the SavorOne does not have an annual fee.

Both cards emphasize the same categories of spend, though the cash back percentages are slightly different. The SavorOne card offers 3% cash back on dining and entertainment as opposed to the 4% cash back the Savor card offers for those categories. Besides that, all the other categories are the same – 2% back at grocery stores and 1% back on everything else.

The sign-up bonus is also different. The SavorOne card is currently offering $150 after you spend $500 within the first three months of holding the card. That’s half the return of the Savor Rewards card, which offers $300 after meeting the minimum spending requirements. (Because there’s no annual fee on the SavorOne card, however, the sign-up bonus increases the value of the card as long as the cardholder can reach the minimum spending threshold.)

The other main difference between the two cards is the SavorOne card doesn’t get the added limited-time perks like the ones for Postmates Unlimited and Vivid Seats.

Bottom Line

The sign-up bonus alone can cover the annual fee of the Capital One Savor card for a couple of years, but the great spending categories are what keep the earnings coming on this card. The 4% cash back category — tailored to foodies and adventurers — makes this card even more attractive. For most people, this card will be a valuable addition to their wallet.

If you’re still weighing your options, check out our related guides:

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Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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Marvelous work!. The blog is brilliantly written and provides all necessary information I really like this awesome post. Thanks for sharing this useful post. 

Glad you enjoyed the article, and thank you for sharing the kind words!