Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Update: This offer is no longer available. Check here to see the latest card offers!
Right now, the sign-up bonus for the Capital One Savor card is showing as a $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening on the Capital One website.
But through affiliates like CardRatings, it’s shown with a $500 cash bonus upon meeting the same minimum spending. There’s some speculation it’ll drop to $300 across all channels, although nothing’s confirmed. So if you’ve been thinking about this card, I’d recommend getting the higher bonus while it’s still up, as these links can be pulled at any time.
You’ll also earn:
- 4% cashback on dining and entertainment
- 2% cashback at grocery stores
- 1% cashback everywhere else
- Free Postmates Unlimited membership through December 2019 (as a statement credit)
- Learn more here
The $95 annual fee is waived the first year. If you spend even moderately on dining or entertainment, this is a great card to consider with a really generous $500 cash bonus.
If I weren’t trying to stay under 5/24, I’d get this in a heartbeat. Keep in mind Capital One pulls from all 3 credit bureaus when you apply for a new card.
And I’ll remind you about those bonus categories!
Capital One Savor $300 Bonus
- Capital One Savor – Learn more at CardRatings
The best public offer for the Capital One Savor card right now is:
|Capital One Savor||$300 Cash|
|• 4% cashback on dining and entertainment
• 2% cashback at grocery stores
• Free Postmates membership through December 2019
• No limit to how much you can earn
|• $95 annual fee, waived the first year||• $3,000 on purchases within 3 months from account opening
|• Learn more here|
4% cashback on dining is straightforward enough, but 4% cashback on entertainment could be surprisingly lucrative. That’s because it’s a broader category than you might think.
Capital One says it’s:
Ticket purchases made at movie theaters, sports promoters (professional and semi-professional live events), theatrical promoters, amusement parks, tourist attractions, aquariums, zoos, dance halls, record stores, pool halls or bowling alleys.
So that could include:
- Season passes for sporting events
- Tickets at your local theaters for plays, concerts, movies…
- Visiting the zoo, arboretum, or museums
- Nights at the bowling alley or skating rink
- Theme park tickets, like Disney World, Six Flags, and Legoland
- Dance clubs and pool halls
A lot of entertainment spending is quite pricey, so this category alone can make the Savor card worth keeping long-term.
The card also comes with:
- Extended warranty
- Price protection for up to 120 days (automate it with Earny!)
- NO foreign transaction fees
- $10 credit for every 5 Lyft rides per month (save even more with Freebird, too)
- 5% cash rewards at Boxed.com
- $5 off every Postmates order of $25+ (and you’ll still earn 4% cashback!)
- Up to $800 in cell phone insurance when you pay your bill with the card (including cosmetic scratches)
So there’s actually a lot going for this card.
Is it worth it?
Really, there’s not much downside.
Capital One is known to be finicky with approvals, but if you don’t mind the hard pulls, it’s worth an application. Again, I’d keep it around purely for the entertainment category.
You’d need to spend ~$2,375 per year in the 4% categories to recover the $95 annual fee starting the second year.
That divides to ~$198 per month on dining and entertainment combined, which isn’t much. And you can easily cover the annual fee with the card’s other benefits.
Now that I’m looking at it, I gotta admit, feeling a little FOMO. I’ll definitely snag it if this offer ever comes back ’round.
- Capital One Savor – Learn more here
Hope this post gave you insight on the Capital One Savor card.
With a $300 cash bonus, excellent 4% cashback categories, and useful real-world bennies, there’s a lot to like about it.
If you’ve been on the fence, word is the welcome offer could drop to $300 any time now. Grab the better deal while you can.
Have a good rest of the weekend – and let me know if you decide to apply!* If you liked this post, consider signing up to receive free blog posts in an RSS reader and you’ll never miss an update! And thanks for using my links to apply for new card offers!
Out and Out has partnered with CardRatings for our coverage of credit card products. Out and Out and CardRatings may receive a commission from card issuers.
- Track your net worth with Personal Capital
- Start a blog and learn how to monetize it
- Get a travel rewards card
- Open a SoFi Money account to distribute your funds - it's the best checking account out there right now (here's my review)
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.