Hustlermoneyblog has partnered with CardRatings for our coverage of credit card products. Hustlermoneyblog and CardRatings may receive a commission from card issuers.
The Capital One® Savor® Cash Rewards Card provides you the ability to earn a one-time $300 cash bonus after you spend $3,000 on purchases within the first 3 months from account opening.
This card earns an unlimited 4% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases!
All the rewards that you have earned through the Capital One Savor Card do not expire.
Use this card on everyday purchases with it’s feasible cash back categories with the knowledge that there is no cap on the miles you can earn with this card! Please keep in mind that there is an annual fee of $95, however, there is a $0 intro annual fee for the first year.
Editor’s Note: Receive a monthly statement credit for a Postmates Unlimited monthly membership($120 value) through Dec. 2019 with the Capital One Savor Card.
Table of Contents
Capital One Savor Cash Rewards Credit Card Summary
|Bonus Available||$300 cash back when you spend $3,000 within the first three months.|
|Ongoing Rewards/Benefits||4% cash back on dining and entertainment
2% cash back at grocery stores
1% cash back on all other purchases
8% cash back on tickets at Vivid Seats through May 2020
|Foreign Transaction Fees?||None|
|Annual Fee||$95, waived the first year|
Editor’s Alternative Pick
The Wells Fargo Propel American Express® Card offers 30K bonus points when you spend $3,000 in purchases in the first 3 months – that’s a $300 cash redemption value.
You'll earn 3X points for:
• eating out and ordering in
• gas stations, rideshares and transit
• travel including flights, hotels, homestays and car rentals
• 1X points on other purchases
This card comes with no annual fee.
Capital One Savor Cash Rewards Credit Card $300 Bonus
Take advantage of the Capital One Savor Cash Rewards credit card introductory offer of $300. To get this, you’ll need to charge your card of at least $3,000 within the first three months of account opening. This high spending requirement makes up for the high bonus offer that you will receive.
Below are some good options on how to meet the spending requirement:
|• Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well.|
|• Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank.|
|• Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't.|
|As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.
Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.
Capital One Savor Cash Rewards Credit Card Benefits
The Capital One Savor Cash Rewards Credit Card offers a nice cash back rate of 4% on dining and entertainment, 2% on grocery store spending, and 1 % on all other purchases. Furthermore, there are no rotating categories that you’ll have to keep up with along with no maximum caps.
In addition, there is no expiration to when your cash back rewards will expire. The downside to this is you must meet a certain threshold before you’ll be able to redeem your earnings.
Earn cash back through each swipe and online purchases with the Capital One® Savor® Cash Rewards Card.
Plus, experience flexibility on their amazing everyday categories. Earn an unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases!
If you go out often, you’ll definitely want this card in your wallet. Take advantage of the cashback ability you’ll easily earn on all purchases, every day! See our full list of credit card promotions for all your credit card needs!
What’s the Competition?
Below are some of the top competitors to the Capital One Savor Cash Rewards Credit Card that you should consider.
The Chase Sapphire Preferred® Card offers 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®!
You'll earn 2X points on travel and dining at restaurants worldwide; 1 point per dollar spent on all other purchases. And when you redeem your points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards, you'll get 25% more value!
The Blue Cash Preferred® Card from American Express offers a $250 statement credit after spending $1,000 in purchases on your new Card within the first 3 months.
You'll earn 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases. In addition, you'll earn 6% Cash Back on select U.S. streaming subscriptions, 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses & more.
The card does come with a $95 annual fee. (See Rates & Fees)
The Capital One® Venture® Rewards Credit Card offers a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening (equal to $500 in travel). Named ‘The Best Travel Card' by CNBC, 2018.
You're able to earn 2X miles on every purchase, every day. Plus earn 10X miles on thousands of hotels, through January 2020; learn more at hotels.com/venture.
This card does come with a $95 annual fee, however, there is a $0 intro annual fee for the first year. Enjoy no foreign transaction fees and receive up to $100 application fee credit for Global Entry or TSA Pre?®.
The Chase Freedom® Card offers a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
You'll earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate and an unlimited 1% cash back on all other purchases. You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
This card has no annual fee and you'll get a free credit score that's updated weekly with Credit JourneySM.
The Capital One® Quicksilver® Cash Rewards Card offers a one-time $150 cash bonus after spending $500 on purchases within 3 months from account opening.
You'll be able to earn an unlimited 1.5% cash back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards.
This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card.
|Chase Total Business Checking®||$200 Cash||Review|
|Chase Premier Plus CheckingSM||$300 Cash||Review|
|Chase Total Checking® + Chase SavingsSM||$350 Cash||Review|
|Simple High-Yield Checking||$500 Cash||Review|
|Discover Bank Online Savings||$200 Cash||Review|
|Chase College CheckingSM||$100 Cash||Review|
|You InvestSM by J.P. Morgan||$625 Cash||Review|
|TD Bank Beyond Checking||$300 Cash||Review|
|TD Bank Convenience CheckingSM||$150 Cash||Review|
|Discover Cashback Debit Account||$360 Cash||Review|
|Huntington Bank Unlimited Plus Business Checking||$750 Cash||Review|
|Huntington Bank Unlimited Business Checking||$400 Cash||Review|
|Huntington Bank Business Checking 100||$200 Cash||Review|
|UFB Direct High Yield Savings||2.15% APY||Review|
|CIT Bank Savings Builder||2.10% APY||Review|
|Betterment Everyday Savings||2.04% APY||Review|
|Ally Invest||$3,500 Cash||Review|
|TD Ameritrade||$600 Cash||Review|