Capital One’s Savor Card Now Offers 4% Cash Back On Dining and Entertainment

Capital One’s Savor Card Now Offers 4% Cash Back On Dining and Entertainment

August 14, 2018         Written By Bill Hardekopf

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.

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Offering responsible credit without fees, Petal 2 is Petal’s most advanced card. It has no fees of any kind, is designed to help you build credit, and with cash back on every swipe, competes with other prime rewards cards.

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.”

The information contained within this article was accurate as of August 14, 2018. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

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About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.