You have probably seen one or more of the TV ads for the Savor® Rewards from Capital One®. This credit card offers Unlimited 4% Cash Back on Dining & Entertainment. So, how does it stack up and should you apply for it if you have excellent credit? Read more to learn about the card, the details and whether Izzy and Be Secure Financially approve this card.
Earn $500 after spending $3,000 on purchases within the first 3 months.Earn unlimited 4% cash back on dining out and entertainment, 2% at grocery stores and 1% on all other purchases.Rewards don't expire, and you can redeem your cash back for any amount, anytime.
Redeem cash back any time for any amount, even set up automatic redemption. Cash can be redeemed in the form of check, gift card or statement credit.
Fees Annual Fee: $0 intro for first year; $95 after that.
Foreign Transaction Fees: None.
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Typically, Points/travel cards are more desirable as they can generate free luxury travel potentially worth thousands of dollars.
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However, if you want a credit card that offers the highest introductory bonus of any cash back card ($500 cash back!!) and earns some excellent ongoing rewards, the Capital One® Savor®Cash Rewards Credit Card is perfect for you.
First off there is a $500 cash back bonus that cardholders can earn after spending $3,000 on purchases in the first 3 months. Next, you'll earn an unlimited 4% back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Capital One categorizes entertainment as purchases at movie theaters, tourist attractions, amusement parks, zoos, live theater, commercial sports operations and more. Since all of the cash back rewards are unlimited, you don't have to worry about spending caps like other cash back cards. On top of all these rewards, you'll pay no annual fee for the first year! Additionally, there are no foreign transaction fees when using the card overseas.
Overall, the Capital One® Savor® Cash Rewards Credit Card is a great addition to your wallet if you love dining out and entertainment experiences.
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