The Capital One Savor Card: Rewards for Dining

Here's a solid rewards card made for people who love food.

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Do you consider yourself a foodie? Do you like eating out or buying ingredients at the grocery store to make delicious home-cooked meals? With its recent launch of the Savor Cash Rewards Credit Card, Capital One has made a card catered to (pun intended) all food-lovers.

Most credit cards aren’t specifically geared toward rewards for dining, but the Capital One Savor Card is. With Savor, you won’t have to keep track of revolving spending categories that may include restaurants for a brief period, and you get more than the standard 1% or 2% cash back rate on dining out. If food is your thing, the Savor Card offers 3% on dining out at your favorite restaurants—and the total cash back you earn is unlimited.

What makes this card even better for foodies is that stay-at-home chefs can earn 2% cash back at grocery stores and 1% cash back on all other purchases. Plus, there’s no annual fee, making your earnings even more delicious.

What’s the Current Sign-Up Bonus?

New cardmembers earn $150 cash back if they spend $500 within the first three months of opening their account.

What Are the Benefits of the Capital One Savor Card?

If you frequently eat out, this card will give you a high return rate on your purchases. If you spend a lot on groceries, the amount of cash back you earn will also be quite high, especially if you like to go to different grocery stores. The Savor Card does not limit where you can shop, unlike co-branded credit cards that offer rewards for shopping only at certain places. Additionally, there’s no cap on the amount you can earn, which sets the Savor Card apart from other rewards cards that have tiered cash back categories.

Since the card has no revolving categories to keep track of, you know you’ll always get the same cash back rate by eating at the places you love. The Savor Card has an introductory 0% APR on purchases and balance transfers for the first nine months that the account is open, then a variable APR of 15.49%, 20.49%, or 24.49%, based on creditworthiness. The Savor Card also comes with travel assistance services, travel accident insurance, and baggage delay insurance.

What Are the Drawbacks of the Capital One Savor Card?

Even though 3% on dining out and 2% back on groceries is pretty sweet, some rewards cards do offer more cash back—such as the American Express Blue Cash Preferred Card, which offers 6% cash back on up to $6,000 in purchases made at US supermarkets. That 6% is especially impressive, but keep in mind that the card doesn’t offer extra cash back for purchases made at restaurants.

If you don’t frequently eat out or do much grocery shopping, your cash back earnings won’t be as high—Savor offers only 1% cash back on other types of purchases. Other cards, like the Chase Sapphire Preferred Card, have broader rewards programs that may be a better option if dining out isn’t a priority for you.

You can only redeem your points for cash back with the Savor Card, while most other credit cards allow you more redemption options, such as on travel, hotels, and gift cards. Savor also has a 3% balance transfer fee, so if you’re planning on paying off some debt, you’ll have to consider whether the balance transfer fee is worth paying. Other cards like Citi Simplicity offer a longer interest-free period on balance transfers.

How Do I Qualify for the Capital One Savor Card?

In order to qualify for the Capital One Savor Cash Rewards Credit Card, you need excellent credit. You’ll want to make sure your credit is in tip-top shape before you apply. Remember, you can check your credit score for free here.

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At publishing time, the Capital One Savor Cash Rewards Credit Card, the Blue Cash Preferred Card from American Express, the Chase Sapphire Preferred Card, and the Citi Simplicity Card are offered through Credit.com product pages, and Credit.com is compensated if our users apply for and ultimately sign up for any of these cards. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved, or otherwise endorsed by the issuer(s).

Note: It’s important to remember that interest rates, fees, and terms for credit cards, loans, and other financial products frequently change. As a result, rates, fees, and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees, and terms with credit card issuers, banks, or other financial institutions directly.

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What’s the Difference Between AmEx’s Green, Gold & Platinum Cards?

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When many people imagine a credit card, they probably think of one of the traditional charge cards from American Express that have been around for decades, including the Green, Gold and Platinum cards. American Express has added more credit cards to its product line over the years, but it still continues to update its traditional products and offer them to new applicants. Here is what you can expect from its current crop of Green, Gold and Platinum cards. 

American Express Green Card

This is one of the entry level cards in the American Express lineup that offers cardholders points in the Membership Rewards program. One point is earned for each dollar spent, with double points for reservations purchased through American Express travel. Points can be redeemed for merchandise, gift cards, and travel reservations, airfare or hotel stays. Travel benefits include a baggage insurance plan, a Roadside Assistance Hotline, and a Global Assist Hotline. Also included is travel accident insurance and a car rental loss and damage policy.

When shopping, your purchases are covered by an extended warranty, purchase protection and return protection policies. There is a $95 annual fee for this card that’s waived the first year, and a 2.7% foreign transaction fee imposed on all charges processed outside of the U.S.

American Express Gold & Premier Rewards Gold Cards

The American Express Gold cards are the next step up in this lineup, which now includes both the traditional Gold card and the newer Premier Rewards Gold card (see full review here). The standard Gold card offers everything that the Green card does plus several other benefits. For example, double points are earned at restaurants and from flights booked directly with airlines. Cardholders can also receive exclusive benefits from booking stays at properties in The Hotel Collection program including a $75 hotel credit to spend on qualifying dining, spa, and resort activities when you book a stay of at least two consecutive nights at participating properties. You also have access to a personalized travel service that can assist with making reservations and the Preferred Seating program that helps you secure premium seats for cultural and sporting events, based on availability. There is a $160 annual fee for this card that’s waived the first year, and no foreign transaction fees.

The Premier Rewards Gold card expands on the benefits of the standard Gold Card by offering 3x points for flights booked directly with the airlines, and 2x points at U.S. gas stations and U.S. supermarkets. It also includes a $100 annual airline fee credit that can be used toward baggage fees, change fees and other airline incidentals. And instead of a Roadside Assistance Hotline, you receive Premium Roadside Assistance, which includes the cost of some services such as towing, changing a flat, and jumpstarting a car. There is a $195 annual fee for this card that’s waived the first year, and no foreign transaction fees.

The American Express Platinum Card

Unlike the Gold cards, the American Express Platinum Card (see full review here) only offers one point for each dollar spent, with double points for reservations purchased through American Express travel, like the Green card. But otherwise, it comes with far more features and benefits than even the Gold cards. Cardholders enjoy access to several airport lounge programs including the Delta SkyClub, Priority Pass Select network, and American Express Centurion Clubs. You also receive elite status with Hilton and Starwood hotels, as well as Avis, Hertz, and National car rentals. Other benefits include a $200 annual airline fee credit, and a $100 credit towards the application fee for the Global Entry or TSA Pre✓ programs. There is a $450 annual fee for this card, and no foreign transaction fees.

Remember, applying for new credit results in a hard inquiry on your credit report, and credit scores view hard inquiries as a slightly negative bit of credit history. So before you apply for a credit card that is right for you, it’s a good idea to make sure you can qualify for them. You can view your two free credit scores, updated, each month, to find out where your creditworthiness stands.

At publishing time, the American Express Premier Rewards Gold card and the American Express Platinum card are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for these cards. However, this relationship does not result in any preferential editorial treatment.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

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