You are using an older browser version. Please use a supported version for the best MSN experience.

Capital One Savor benefits guide

Bankrate 12/8/2021 Sarah Brodsky
Waiter advising senior woman in restaurant © 10'000 Hours/DigitalVision/Getty Images Waiter advising senior woman in restaurant

If you often pay for excursions and dinners out, the Capital One Savor Cash Rewards Credit Card might be the right rewards credit card for your fun-loving lifestyle. The Savor card offers unlimited cash rewards with an excellent 4 percent cash back on dining, entertainment and streaming services and a solid 3 percent rewards rate on grocery store purchases.

The card does come with a $95 annual fee, though. So, before committing to it, you’ll want to review the card's benefits and make sure you’re going to get sufficient value to justify the cost.

Read on to see what the Capital One Savor card has to offer.

Capital One Savor card highlights

  • $300 in bonus cash when you spend $3,000 within three months of account opening
  • Unlimited 4 percent cash back on dining, entertainment and popular streaming services, 3 percent at grocery stores, 1 percent on all non-category spending and 8 percent on purchases from Vivid Seats (until January 2023)
  • $95 annual fee
  • Variable APR of 15.99 percent to 23.99 percent
  • No foreign transaction fees

Earning cash back rewards

This Capital One credit card provides plenty of ways to earn cash for your spending. Right off the bat, you can snag a $300 welcome bonus if you spend $3,000 on your Savor card in the first three months after account opening.

The Savor card awards an unlimited 4 percent cash back on dining, entertainment and certain streaming services. Spending at restaurants, fast-food chains, bakeries, bars and lounges, for example, will earn you this 4 percent cash back rate.

A wide range of activities count for the entertainment category, including visits to zoos, tourist attractions, amusement parks, record stores and bowling alleys. Buying tickets to movies, theatrical productions and sporting events will also net you the bonus rewards in this category. College games are excluded, though, as are golf courses, cable subscriptions and memberships.

Streaming purchases at Netflix, Hulu and Disney+ are eligible for the 4 percent cash back rate, but audio book subscriptions, streaming fitness classes and Amazon Prime Video don’t qualify.

Cardholders earn 3 percent back at grocery stores, which includes supermarkets and specialty food shops but excludes convenience stores, warehouse clubs and superstores like Walmart and Target.

And through Jan. 31, 2023, you can earn 8 percent back when you buy tickets through Vivid Seats.

Other purchases earn the base rate of 1 percent cash back.

Redeeming cash back

You can request your cash in the form of a statement credit or check. If you prefer, you can choose to automatically redeem your rewards at a designated time each year or cash out at a particular threshold from $25 up.

Alternatively, you can link your card to PayPal or Amazon.com and use your rewards at checkout. Another option is to exchange rewards for gift cards at variable redemption rates.

In addition, you may be able to transfer rewards to another Capital One account, but read the fine print as limitations apply.

Entertainment and shopping benefits

Whether you’re on the hunt for tickets or just window-shopping online, the Capital One Savor card can help you out.

Among other perks, the card provides free 24/7 concierge support for booking entertainment and setting up dinner reservations. You also get free extended warranties on things you buy with the card.


Video: Market drops can be 'attractive buying opportunities' if you’re 'behind on your retirement savings' :white_check_mark: 1 (Yahoo! Finance)

Replay Video

Experiences and events

The Savor card regularly features happenings like concerts, festivals, tastings and sports events. Cardholder benefits vary by event and can include first dibs on tickets, the option to buy inclusive packages, access to cardholder lounges within entertainment venues and discounts on food and drinks. Plus, some experiences are exclusively open to cardholders.

Help with tracking down savings online

Cardholders can use the free Capital One Shopping browser extension to zero in on bargains from online merchants. This web tool lets you know when an item you’re looking at is available at a lower price somewhere else, alerts you to price drops and automatically applies coupon codes at checkout to try to maximize your savings.

Travel benefits

If you bring the Savor card with you when you’re on the go, you can take advantage of its travel-related perks.

No foreign transaction fees

You aren’t charged foreign transaction fees for purchases made outside of the U.S., making this a good card choice for trips abroad.

Travel accident insurance

Paying for a fare or rental with your Capital One Savor automatically enrolls you in travel accident insurance for your journey.

Round-the-clock travel assistance

If you ever get stranded or find yourself in need of help when you’re away from home, you can call for assistance at any time of day. And if you’re separated from your card, you can request an emergency replacement card and a cash advance to tide you over.

Security and protection benefits

The Capital One Savor also provides several features geared toward safeguarding account data and protecting cardholders from fraud.

Virtual card numbers

You can protect your card information online with virtual card numbers connected to your Capital One Savor account. To use this feature, you’ll need to download a browser extension for Google Chrome, Microsoft Edge or Mozilla Firefox and link your card.

Account alerts

The Capital One digital assistant, Eno, offers text or push notifications when it spots unusual account activity like duplicate charges.

Cardholders can also receive alerts about potential fraud by text, email or phone.

Further, credit monitoring is available through CreditWise. You can check your score on demand or get a weekly summary of recent changes.

Protections if the card is lost or stolen

If your card ends up out of your possession, you can lock it through the Capital One mobile app to prevent unauthorized purchases. Certain types of account activity-such as dispute adjustments and interest charges-will keep going while the card is locked.

And thanks to the Capital One Savor’s $0 fraud liability policy, you don’t have to worry about paying for fraudulent charges in the event a thief gets a hold of your card.

An alternative Capital One card to consider

If you’re not sure whether the Savor card’s benefits are worth the $95 yearly fee, Capital One offers a no-annual-fee card with a similar entertainment focus and only slightly less lucrative rewards.

The Capital One SavorOne Cash Rewards Credit Card offers 3 percent cash back on dining, entertainment, groceries (excluding Target and Walmart purchases) and streaming services-plus 1 percent back on all other spending. You'll still get 8 percent cash back on purchases from Vivid Seats until January 2023, and it also offers a $200 welcome bonus if you spend $500 in the first three months.

The bottom line

The Capital One Savor offers an excellent rewards rate on entertainment and dining, whether your favorite pastime is heading to a theme park or stadium in-person or grabbing takeout and watching a movie on the sofa. And when you consider the cash back on groceries, travel and shopping perks and access to events, you can get a lot of value for the $95 annual fee. Besides, scoring the $300 welcome bonus (after spending $3,000 within three months) will more than offset the fee in your first year.

AdChoices
AdChoices
image beaconimage beaconimage beacon