Learn how to apply for the Savor Cash Rewards
Discover the application process for this card if you often dine at restaurants and attend events.
Experience the Benefits of the Savor Cash Rewards Credit Card
If you enjoy a night out and want to be rewarded for your lifestyle, the Capital One Savor Cash Rewards Credit Card may be the perfect fit for you.
With this card, you can earn an incredible 4% cash back on dining, streaming, and entertainment purchases, with no limit. Additionally, you’ll receive 3% back at grocery stores and 1% back on all other purchases. To sweeten the deal, the Savor Cash Rewards card currently offers one of the most generous sign-up bonuses for a cash-back card.
While the card does come with a $95 annual fee, it’s important to consider the potential benefits. If you frequently dine out at restaurants, enjoy movies and shows, or spend time in coffee shops or nightclubs, the rewards may outweigh the cost.
Redeeming your rewards is simple with the Savor card. You have the option to receive rewards as a statement credit or check. You can also set up automatic redemption for added convenience. Once you reach a certain threshold, your rewards will be automatically credited or released, starting at $25 and gradually increasing to $1,500.
Furthermore, you can use your rewards for travel by booking through CapitalOneTravel.com. Although the redemption rate is less than one cent per point, certain websites allow you to utilize your rewards for purchases.
Maximize Your Cashback Potential
To understand the potential rewards of the Capital One Savor card, let’s look at the bonus categories and estimate how much an average American household might spend in each area.
Assuming a household income of $107,908, we can estimate the cash back earned. For $7,057 in dining, entertainment, and streaming expenses, the annual cash-back reward would be approximately $282.28. The remaining $18,693 in eligible purchases would earn $186.93 in cash back, along with an additional $189.66 for $6,322 spent on groceries. This brings the total cash back to $658.87 per year, excluding the welcome bonus.
Applying for the Savor Cash Rewards Card
To apply for the Savor Cash Rewards Card, simply visit the Capital One website. Fill out the provided form with your contact, financial, and personal details, and accept the terms. It’s a straightforward process to get started and enjoy the benefits of this card.
Is the Savor Cash Rewards Card Worth It?
If you frequently indulge in dining out, enjoy entertainment activities, and travel internationally, the Capital One Savor Cash Rewards Card offers numerous advantages. It’s especially valuable for those who spend a significant amount of money on meals and entertainment while abroad. For maximum benefits, consider pairing this card with an all-around superior cash-back rewards card.
However, if you’re looking for a card specifically for balance transfers or want to avoid an annual fee, the Savor Cash Rewards Card may not be the best fit. Always make sure to thoroughly research cards with annual fees, especially if the spending threshold for the welcome bonus seems reasonable.
Compare Savor Cash Rewards vs Hilton Honors American Express Card
If you’re a frequent traveler, the pairing of the Savor Cash Rewards Card and the Hilton Honors American Express Card can be a winning combination.
The Savor Cash Rewards Card is ideal for cash back on dining and entertainment, while the Hilton Honors Card offers high rates of point earnings and a generous introductory bonus. With the Hilton Honors Card, you can also enjoy the fifth night free on award stays and the automatic Silver level, all without an annual fee.
How to Apply for the Hilton Honors American Express Card
If you’re interested in the Hilton Honors American Express Card, follow the instructions provided on how to apply. With this powerful combination of cards, you can maximize your rewards both at home and while traveling.
