Capital One Savor Card, Now with $500 Welcome Offer and 4X on Dining

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Capital One Savor Card

Capital One Savor Card, Now with $500 Welcome Offer & 4X on Dining

Capital One released the new Savor card in October of last year. As Mark pointed out in that post, it was not a card worthy of an application for most people. The bonus was only $150 and the best perk was 3X on dining. But now the Capital One Savor card has been enhanced with a better welcome bonus and earning rate. An annual fee was added to go along with the improvements, but it is waived the first year.


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Capital One Savor Card Welcome Bonus

The card comes with a $500 cash welcome bonus once you spend $3,000 on purchases within 3 months from account opening. Learn More.

The card now has a $95 annual fee that is waived the first year.

Capital One Savor Card

Capital One Savor Card Earning Structure

The card earns cashback as follows:

  • 4% Dining & Entertainment
  • 2% Groceries
  • 1% on everything else

Learn more about this card

Capital One Savor Card Perks

The Savor card comes with a 0% APR for the first 9 months.  It also has a 0% balance transfer offer for the first 9 months, with a 3% balance transfer fee.

Capital One Saver Card Welcome Bonus Value ($500)

The card has an annual fee of $95 that is waived the first year so you get to keep the entire $500 sign up bonus.


CLICK HERE to compare this and other cash back credit cards


Capital One Savor Card

Analysis

The increased $500 bonus makes it worthwhile for those who prefer cash welcome bonuses.

4% on dining is the best cashback rate out there, only matched by the Uber card. The Chase Sapphire Reserve is still probably the best option for dining but it comes with a large annual fee.

Earning 2% cash back on groceries and 1% everywhere else is not a very compelling offer.  You would be better off getting the Citi Double Cash and earn 2% on everything unless you spend a large amount on dining out.

Learn more about Capital One Savor Cash

Conclusion

When the card was first released it was not very enticing. But now with a $500 welcome bonus and 4% on dining is worth a look and possibly a decent option for those that prefer cash instead of miles and points.


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6 COMMENTS

  1. As far as flat-out cash bonuses go, $500 for $3K minimum spend is much better than the the $4.5 spend required by their Spark Cash cards for the same bonus. Any clues on what to downgrade this card to, before the annual fee hits?

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