Capital One® Savor® Cash Rewards Credit Card Review

If you're wondering whether Capital One® Savor® Cash Rewards Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Generous reward rate. You will get a cashback rewards rate of up to 4%.
• Earn 1% cash back on everyday purchases.
• Signup bonus. Offers a signup bonus of $300 if you spend $3000 within 3 months.
• Competitive APRs. Capital One® Savor® Cash Rewards Credit Card has a variable purchase APR that ranges from 15.99% up to 24.99%.
• Annual fee waived the first year. Capital One® Savor® Cash Rewards Credit Card gives you the chance to have the card for a year without paying the $95 annual fee.
• 3% Balance transfer fee. Capital One® Savor® Cash Rewards Credit Card charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees.
• $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, access to a concierge, emergency support, extended warranty protection on purchases, price protection, travel accident insurance, travel assistance, and fraud protection.
• Very good credit required. Applicants will typically need a credit score of at least 750 to qualify.

Capital One® Savor® Cash Rewards Credit Card Pros and Cons:

The Good

The Bad

The partnership with Capital One allows Savor cardholders to earn 8% cash back on all Vivid Seats ticket purchases through May 31, 2020. When you pay for a monthly Postmates Unlimited membership using your Savor card, you'll receive a monthly statement credit of $9.99 through December 2019. No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn. Capital One cardholders get access to premium experiences in dining, entertainment and more. Lower than average purchase APRs. Annual fee waived during the first year. Multiple credit card perks. Offers auto rental collision damage waiver. Access to a concierge. Extended warranty and price protection on purchases. Free access to your credit score. Travel accident and travel assistance insurance. No foreign transaction fee. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. Capital One® Savor® Cash Rewards Credit Card reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.

Although there is no annual fee in the first year, there is annual fee of $95 to consider in the second year Requires good to excellent credit. Charges an annual fee of $95 Charges a 3% balance transfer fee.

Is there a Capital One® Savor® Cash Rewards Credit Card cash back or rewards program?

Capital One® Savor® Cash Rewards Credit Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Capital One® Savor® Cash Rewards Credit Card you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 4% for purchases in a bonus category.

Capital One® Savor® Cash Rewards Credit Card Rewards

Rewards rate (all purchases)	1%
Max rewards rate	4%
Annual rewards limit	N/A
Signup Bonus ($)	$300
Signup Bonus Spend Requirement	$3000
Signup Bonus Spend Period (months)	3 months

What are the Capital One® Savor® Cash Rewards Credit Card benefits?

Capital One® Savor® Cash Rewards Credit Card provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• Price Protection
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Capital One® Savor® Cash Rewards Credit Card?

Capital One® Savor® Cash Rewards Credit Card is a charge card and therefore doesn't have interest charges. You must pay your balance in full every month.

What are the Capital One® Savor® Cash Rewards Credit Card fees?

The following fees apply to Capital One® Savor® Cash Rewards Credit Card:

Capital One® Savor® Cash Rewards Credit Card Fees

Fees	Amount
Annual Fee	$95
Foreign Transaction Fee	0%
Late Payment Fee	up to $39

Does Capital One® Savor® Cash Rewards Credit Card report your account activity to credit bureaus?

Capital One® Savor® Cash Rewards Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for Capital One® Savor® Cash Rewards Credit Card

• Visit the Capital One® Savor® Cash Rewards Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.