Capital One Savor Cash Rewards
Is the Fee Worth It?
Based on $1,500/mo average spend
Great value — no annual fee. You'd earn ~$353/yr on typical spending.
Capital One Savor Cash Rewards
Quick Snapshot
- Annual Fee: $0
- APR: 19.49%-29.49% variable
- Rewards: 8% cash back on Capital One Entertainment, 5% on hotels and rental cars via C1 Travel, 3% on dining, entertainment, grocery, and streaming, 1% on everything else
- Bonus: $300 cash bonus after spending $3,000 in the first 3 months
- Best For: Foodies and entertainment enthusiasts who want high cash back rates on dining, entertainment, and groceries with no annual fee
- Credit Needed: Good to Excellent (670+)
Overview
The Capital One Savor Cash Rewards card is the premium-tier dining and entertainment card in Capital One's cash back lineup, and remarkably it carries no annual fee. It earns a category-leading 8% cash back on purchases through Capital One Entertainment, 5% on hotels and rental cars booked via Capital One Travel, 3% on dining, entertainment, grocery stores, and popular streaming services, and 1% on everything else.
The $300 welcome bonus after $3,000 in spending within 3 months is generous for a no-annual-fee card. The Savor is positioned as the full-featured upgrade from the SavorOne, offering the same earning structure but with a higher welcome bonus and spending threshold. The card recently transitioned from a $95 annual fee to $0, making it significantly more competitive.
For people who spend heavily on dining out, entertainment events, groceries, and streaming services, the 3% rate across all of these lifestyle categories delivers outsized value. The 8% on Capital One Entertainment purchases (concerts, sports, and events) is among the highest category rates on any credit card. Combined with no annual fee, strong credit monitoring tools, and a straightforward redemption process, the Savor is one of the best lifestyle cash back cards available.
APR Breakdown
- Purchase APR: 19.49%-29.49% variable
- Balance Transfer APR: 19.49%-29.49% variable
- Cash Advance APR: 29.99% variable
- Penalty APR: None
Note: Your APR will vary with the market based on the Prime Rate. This card does not offer a 0% introductory APR on purchases.
Benefits Overview
Category Cash Back
- 8% cash back on Capital One Entertainment purchases
- 5% cash back on hotels and rental cars booked via Capital One Travel
- 3% cash back at restaurants and on dining purchases
- 3% cash back at grocery stores (excluding superstores like Walmart and Target)
- 3% cash back on entertainment purchases
- 3% cash back on popular streaming services
- 1% cash back on all other purchases
Welcome Bonus
- $300 cash bonus after $3,000 in purchases within 3 months
- Bonus posts as cash back to your account
Cardholder Perks
- No annual fee
- Access to Capital One Entertainment presale tickets and exclusive events
- Complimentary Uber One membership for select offers
- Extended warranty and purchase protection
Rewards & Points
- 8% cash back on Capital One Entertainment purchases
- 5% cash back on hotels and rental cars via Capital One Travel
- 3% cash back on dining, entertainment, grocery stores, and streaming
- 1% cash back on all other purchases
Cash back can be redeemed at any time as a statement credit, check, or to cover a recent purchase. There is no minimum redemption amount and cash back never expires. The 8% rate on Capital One Entertainment covers concert and event tickets purchased through Capital One's dedicated platform.
Welcome Bonus
Earn a $300 cash bonus after spending $3,000 on purchases within the first 3 months from account opening. The bonus is credited as cash back to your account. This is one of the most generous no-annual-fee card bonuses available, though the $3,000 spending threshold is higher than the SavorOne's $500 requirement.
Fees Summary
- Annual Fee: $0
- Balance Transfer Fee: 3% for promotional, 4% for non-promotional
- Cash Advance Fee: Either $10 or 5% of the amount, whichever is greater
- Foreign Transaction Fee: $0
- Late Payment Fee: Up to $40
- Returned Payment Fee: Up to $40
Who This Card Is Best For
Ideal For
- Frequent diners who eat out regularly and want 3% back on restaurant spending
- Entertainment lovers who attend concerts, events, and spend on streaming services
- Grocery shoppers who want 3% back at supermarkets
- Concert goers who want 8% back on Capital One Entertainment purchases
Not Good For
- Minimal diners who rarely eat out or buy entertainment and would earn mostly 1%
- Balance carriers who plan to carry a balance and need a 0% intro APR
- Travel focused spenders who want broader travel category bonuses beyond hotels
Key Pros & Cons
Pros
- No annual fee with premium category rates
- 8% cash back on Capital One Entertainment is among the highest category rates available
- 5% on hotels and rental cars via Capital One Travel
- 3% on dining, entertainment, grocery, and streaming covers major lifestyle spending
- $300 welcome bonus is generous for a no-annual-fee card
- No foreign transaction fees
- Access to Capital One Entertainment presale events
- Cash back never expires and has no minimum redemption
- No caps on cash back earned in any category
- Strong mobile app with real-time notifications
Cons
- No introductory 0% APR on purchases
- $3,000 spending requirement for the bonus is higher than the SavorOne
- 1% base rate on non-category spending is below flat-rate alternatives
- Grocery bonus may not apply at superstores like Walmart or Target
- No premium travel protections like trip delay or lost luggage coverage
- Capital One Entertainment availability is limited to select events and venues
- No Global Entry or TSA PreCheck credit
- Variable APR can reach 29.49%
Alternatives to Consider
| Card | Best For | Annual Fee | Rewards | Credit Needed |
|---|---|---|---|---|
| Capital One SavorOne Cash Rewards | Same categories with lower bonus and easier threshold | $0 | 8%/5%/3%/1% | Good+ |
| American Express Blue Cash Preferred® | 6% at US supermarkets and streaming | $95 | 6%/3%/1% | Good+ |
| Citi Custom Cash® Card | Automatic 5% on top spending category | $0 | 5%/1% | Good+ |
How the Rewards Add Up
Example Annual Value
| Category | Annual Spend | Reward Rate | Earned | Value |
|---|---|---|---|---|
| C1 Entertainment | $1,000 | 8% | $80 | $80 |
| Hotels via C1 Travel | $2,000 | 5% | $100 | $100 |
| Dining | $4,800 | 3% | $144 | $144 |
| Groceries | $6,000 | 3% | $180 | $180 |
| Streaming | $600 | 3% | $18 | $18 |
| Everything Else | $10,000 | 1% | $100 | $100 |
First-year value: approximately $922 including the $300 welcome bonus and $622 in ongoing cash back rewards. With no annual fee, every dollar is pure return.
Should You Get This Card?
You Should Get It If...
- You spend significantly on dining, entertainment, and groceries
- You attend concerts or events and can use Capital One Entertainment
- You want 3% on streaming services like Netflix, Spotify, and Hulu
- You want a generous welcome bonus without paying an annual fee
- You travel internationally and need no foreign transaction fees
- You want a lifestyle-focused card that rewards how you live
- You subscribe to multiple streaming services
You Should Skip It If...
- You rarely eat out or attend entertainment events
- You need a 0% intro APR for a large purchase or balance transfer
- You want high rewards on travel beyond just hotels
- Most of your spending is in non-bonus categories like gas or utilities
- You prefer a simple flat-rate card over managing categories
- You shop mostly at superstores where the grocery bonus may not apply
Apply Now
Apply for Capital One Savor Cash Rewards
Information accurate as of May 2026. Terms and conditions apply. Please visit the issuer's website for the most current information.
Ready to Apply for Capital One Savor Cash Rewards?
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