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3. Capital One Savor Cash Rewards Credit Card review

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100

reviews

4.1

Rating: 4.1 out of 5.

Great for high cash back rates

Annual Fee: $0

This content is curated by Intuit Credit Karma’s Editorial team using data from members who were approved for this card or similar cards, or who self-matched this card or similar cards. Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our third-party advertisers don’t review, approve or endorse this content. Information about financial products not offered on Credit Karma is collected independently. Our content is accurate to the best of our knowledge when posted.

Here’s the average credit limit of members who matched their Capital One Savor Cash Rewards Credit Card or similar cards.

% of members by credit limit range

The average credit limit for members who have matched with this card or similar cards is $8,555, with $1,000 being the most common.

Here’s the average credit score of members who matched their Capital One Savor Cash Rewards Credit Card or similar cards.

% of members by credit score range

The average credit score for members who have matched with this card or similar cards is 695, with 763 being the most common. Note this is just one of the deciding factors when it comes to getting approved.

Member stats

Updated daily

31.5%

Average credit utilization (or what percent of the card’s credit limit is being used) of members who matched with this card or similar cards.

43 years

Average age of members who matched this card or similar cards.

$94,106

Average annual income of members who matched this card or similar cards. Note: Income may be estimated for some members by Credit Karma and may differ from members’ actual incomes.

Pros and cons

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No annual fee

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Unlimited 3% cash back on dining, entertainment, popular streaming services and groceries

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Intro APR for purchases and balance transfers

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Low base rewards rate for purchases outside bonus categories

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Average sign-up bonus

What you should know about the Capital One Savor Cash Rewards Credit Card

Here are some features you should pay special attention to.

No annual fee

No annual fee means you don’t have to worry about making sure you spend enough in certain rewards categories to offset that yearly cost.

Boosted rewards for both dining and groceries

The Capital One Savor Cash Rewards Credit Card does sacrifice a bit in terms of rewards for that $0 annual fee, compared with cash back cards that do charge an annual fee. But its unlimited rewards in solid, everyday bonus categories means it stands on its own as a contender.

You’ll get an unlimited 3% cash back on dining, entertainment, popular streaming services and grocery store purchases. You’ll also earn 8% cash back on Capital One Entertainment purchases, and 5% cash back on hotels and rental cars booked through Capital One Travel.

You’ll get 1% cash back on everything else.

If you spend your weekends out at restaurants, concerts and movies, you could earn more on purchases in these categories than you would with an average, flat-rate cash back card. And if you balance your weekends out and about with cooking at home, the 3% cash back at grocery stores is also a plus.

These are two uncomplicated everyday-spending categories that many people can benefit from. But if a chunk of your regular spending falls outside these categories, you may find more value from another cash back card that suits your spending better.

0% introductory APR

The Capital One Savor Cash Rewards Credit Card includes an intro 0% APR for 15 months for purchases and balance transfers. If you take advantage of the purchase APR offer, this gives you a healthy window to pay down your balance on a big purchase.

And if you transfer a balance, you’ll pay a fee of 3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time.

After the intro periods are up, you’ll be left with a variable APR on purchases and balance transfers of 19.24% - 29.24%.

$200 sign-up bonus

You’ll earn a $200 sign-up bonus after spending $500 on purchases within the first 3 months of opening your account. This is a decent offer but it’s not a standout.

Who this card is good for

The Capital One Savor Cash Rewards Credit Card comes loaded with perks and incentives. On its own, this card offers generous rewards for a wide range of expenses. If you appreciate a card with no annual fee along with your cash back and spend your money on dining out, entertainment and groceries, this card is hard to beat.

But if a big chunk of your spending falls in other spending categories, or you’re not interested in juggling categories at all, another card might be a better fit.

Not sure this is the card for you? Consider these alternatives.

If you like your dining and entertainment rewards to come with no annual fee, the Capital One Savor Cash Rewards Credit Card could be a good fit for you. But it’s not the only card in town that delivers high rewards. Here are some other credit card offers you should take a look at when you’re shopping around.

• Capital One Quicksilver Cash Rewards Credit Card:
This card is a contender if you don’t want to worry about cash back categories.
• Chase Freedom Flex℠:
If you don’t mind juggling revolving categories, this card offers great earning potential.