What are the Savor Credit Card Rewards?

November 9, 2017, Written By John H. Oldshue

Capital One recently announced the release of its Savor card, a new rewards credit card aimed at foodies.

Cookbook author, self-proclaimed foodie, and actress Sarah Michelle Gellar, who has partnered with Capital One to promote the new card, wrote on her Facebook page that this card is perfect for foodies such as her. “If ever a card was made for me, it’s this one. I’ve spoken (numerous times lol) about how important I feel both dining, and food in general is. Now the Savor Card rewards you for the important moments, you are already having. (Seriously, you can earn cash- while doing what you ❤️).”

Mark Mattern, Vice president of U.S. Cards at Capital One said this love of dining is what inspired the company to create the card. “When we asked consumers to share what matters most to them, it repeatedly came up that food is an important part of their life. We also know that people are spending heavily in the food and dining categories. According to Mastercard SpendingPulse Report data, restaurant spending is up $100 billion and grocery spending is up $30 billion over the last 3 years.  And that’s why we created the Savor card – to give people additional cash back in the areas we know they prioritize.”

Rewards for the Savor credit card, which don’t expire, include:

  • 3% cash back on dining
  • 2% cash back on groceries
  • 1% cash back on all other purchases
  • No annual fee

The cash back rewards are similar to those offered on the Capital One Premier Dining Rewards credit card, but this new card includes contactless payment. Premier Dining Rewards cardholders will eventually be moved to the Savor card.

Capital One is also offering a one-time reward for new card members. When new cardholders spend $500 within three months of opening their account, they will receive a $150 cash bonus. Additionally, new account holders will receive a 0% interest rate for the first nine months. After that, the APR will switch to a variable rate of 15.49%, 20.49%, or 24.49%, depending on the cardholder’s credit. Cash advances are always 24.49%.

Other features of the card include:

  • Car rental insurance and roadside assistance
  • Concierge service
  • Extended warranties and price protection
  • ID theft and emergency card services
  • No foreign transaction free

The Savor credit card is offered to those with excellent credit, which the company defines as someone who has a high credit score, never declared bankruptcy, defaulted on a loan, or been 60 days (or more) late on a payment, and someone who has had a loan or credit card for three years or more with a limit above $5,000.

If you have excellent credit and love food, this may be a great card for you, as it is difficult to find a credit card with solid dining rewards that carries no annual fee. The only downside to the card is the lack of travel rewards. If you are a frequent flyer, you may want to seek out a card that offers free miles or other airline rewards.

Before applying, make sure you check out Visa’s website to see how your store or restaurant is classified. Some discount stores, supermarkets, and wholesale clubs may not qualify for the 2% back, depending on how they are classified. Thus, if your favorite store or restaurant is not classified as such, you may only earn 1% on your purchases, which would diminish the returns of this credit card.



The information contained within this article was accurate as of November 9, 2017. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.
View all posts by John H. Oldshue