We've long considered the *amex gold card* to be the best card for travelers spending on dining and groceries. And while that's still true today, there's competition … especially if you don't want to shell out hundreds of dollars per year in annual fees.
That's where the *Capital One Savor* – formerly known as the Capital One SavorOne – comes in to play. This no-annual-fee card earns an impressive 3% cashback at grocery stores (excluding superstores like Target and Walmart), on dining, entertainment, and select streaming services. You'll also earn 5% cashback on hotels and rental cars booked through Capital One Travel, plus 1% cashback on all other purchases.
Best of all, it's got a big new bonus offer: Earn bonus_miles_full.
While the Savor Rewards Card technically earns cashback, that's not the case if you've got any of the Capital One Venture cards like the *capital one venture card* or *venture x* in your wallet. That way, you can turn your cashback into Capital One miles to cover travel purchases or get even greater value out of them by transferring to one of Capital One's travel partners.
This makes the Savor Rewards Card the perfect complement for Venture cardholders looking to earn more points in popular spending categories.
Read on to learn more about the Capital One Savor Rewards Card and this exciting new offer.
Learn more about the *Capital One Savor*.
Benefits Overview
Welcome Bonus Offer
Earn bonus_miles_full.
While $250 is nothing to scoff at, turning that cashback into 25,000 Capital One miles makes it far more valuable. To do so, you'd also need to have a Capital One VentureOne, Capital One Venture, or Venture X card in your wallet.
Earning Rewards on Everyday Spending
The Capital One Savor Rewards card earns unlimited 3% cashback at grocery stores, on dining, entertainment, and select streaming services. Additionally, you can earn 5% cashback on hotel and rental car purchases made through Capital One Travel, and 8% on purchases made through Capital One Entertainment. All other purchases earn unlimited 1% cashback.
Earning rewards on grocery and dining purchases is pretty straightforward, though it's worth noting that superstores like Walmart and Target are excluded.
Exactly what counts as entertainment is actually quite broad. From zoos to amusement parks and movie theaters to professional (and semi-professional) sports, it's all covered. Oddly, you won't earn a bonus on collegiate sporting events or at golf courses.
When it comes to streaming services, you can expect to earn a bonus when paying for the likes of Netflix, Hulu, and Disney+. Amazon Prime Video, as well as audiobook subscriptions are excluded.
Redeeming Rewards
The Capital One Savor Rewards Card earns cashback which can be redeemed for … well, cash. You can do this by applying rewards as a statement credit on your account or having a check mailed out.
You can also redeem your rewards with millions of merchants online through PayPal, directly with Amazon, or through Capital One Travel.
But if you have a Capital One Venture or Venture X Card, you can combine your cashback and miles to take advantage of additional redemption opportunities with Capital One's long list of travel partners. Some standout choices include moving miles to Air Canada Aeroplan for Star Alliance business class award bookings to Europe, as well as using Finnair Avios to book American Airlines flights domestically.
Other Benefits
The Savor Rewards Card comes with some added protections for travelers and general consumers alike.
First, you'll get additional warranty protection if you purchase an item with your card and it breaks in a covered amount of time.
You'll also get travel accident insurance if something unexpected happens on your trip and you purchased your fare (airline ticket, train ticket, cruise, etc.) with your card.
Finally, you'll get 50% off hand-crafted coffee drinks at Capital One Cafe's when using your card to pay. This benefit is available to anyone with a Capital One credit or debit card and isn't exclusive to the Savor Rewards Card … but thanks to its 3% earning on dining, you should also earn some bonus points for your half-off purchase, too.
Fees
The Capital One Savor Rewards Card does not charge an annual fee.
Additionally, you won't pay any foreign transaction fees on purchases made abroad. This is quite rare for a card without an annual fee and further cements it as a strong one-two-punch for Venture and Venture X cardholders.
Pair it With a Venture Card
We've already said what an incredible combination this card and either the *capital one venture card* or the premium *venture x* makes but it bears repeating.
With either Venture Card, you're earning unlimited 2x Capital One miles on all purchases. These cards are easily among the best “everywhere else” cards for your spending that would otherwise earn only 1x point or 1% back, but when paired with the no-annual fee Savor Rewards, you're now earning 3% cashback (or 3x Capital One miles) in popular spending categories like dining and groceries. All without adding extra annual fees…
Read more: Capital One Venture vs Venture X: Which is Best?
Bottom Line
The Capital One Savor Rewards Card is out with a big new bonus offer of $250 (or 25,000 Capital One miles) after spending $500 in the first three months. What's more, this card is the perfect companion for anyone who currently has a Venture or Venture X in their wallets.
Learn more about the *Capital One Savor*.
