Capital One’s Savor Card Now Offers 4% Cash Back On Dining and Entertainment
Cash back rewards just got sweeter for people that frequently dine out or go to the movies.
Today, Capital One made some major changes in their Savor® Cash Rewards Credit Card.
The card will now pay 4% cash back on dining and entertainment purchases, 2% on purchases at grocery stores and 1% on all other transactions. In addition, new cardholders can earn a $300 bonus if they spend $3,000 on the card within the first three months of opening the account. There are no limits on the cash you can earn. The only drawback: there is a $95 annual fee that is waived for the first year.
Capital One also introduced the SavorOne® Cash Reward card. There are three major differences between this card and the Savor card: the SavorOne card has no annual fee; cardholders earn a $150 bonus after spending $500 during the first three months; and SavorOne customers earn 3% rather than 4% on dining and entertainment—the 2% payout on purchases at grocery stores and 1% on all other transactions are the same.
The enhanced rewards on dining and entertainment on either card include a broad range of qualifying purchases. Dining is not just at fine restaurants but includes fast food places, family restaurants, coffee shops and even bars. Entertainment purchases cover transactions at movie theaters, amusement parks, sporting events and live performances.
“Savor rewards you when you’re enjoying a favorite meal at a local restaurant or takeout at home,” said Lauren Liss, vice president of U.S. cards at Capital One. “The new Savor card helps make dining and entertainment experiences more rewarding with 4% cash back.”