Money Analysed

Maximizing Cash Back Rewards with the Capital One Savor Card

Are you someone who likes to dine out frequently or enjoys going to concerts, movies, and other entertainment events? If so, the Capital One Savor Cash Rewards Credit Card could be the perfect choice for you.

This credit card comes with a rewards program that offers cash back on dining and entertainment purchases. Not only that, but the card also comes with a host of other benefits that make it an attractive option for those who want to earn rewards while enjoying their favorite pastimes.

In this article, we will provide an overview of the Capital One Savor Cash Rewards Credit Card, including its rewards program and annual fee. We will also discuss who should consider getting this card, along with a definition of the types of entertainment purchases that qualify for cash back rewards.

Overview of Capital One Savor Cash Rewards Credit Card

The Capital One Savor Cash Rewards Credit Card is a rewards card designed specifically for those who enjoy dining out and attending entertainment events. The card comes with a cash back rewards program that offers unlimited 8% cash back on tickets purchased through Vivid Seats (valid through May 31, 2021), plus 4% cash back on dining, entertainment, and select streaming services.

The card also offers 2% cash back at grocery stores and 1% cash back on all other purchases. There is an annual fee of $95 for the Capital One Savor Cash Rewards Credit Card, which is waived for the first year.

Those who spend $3,000 within the first three months of opening the account can also earn a one-time $300 cash bonus.

Rewards Program

The rewards program for the Capital One Savor Cash Rewards Credit Card is what makes it stand out from other credit cards on the market. As mentioned earlier, the card offers unlimited 8% cash back on tickets purchased through Vivid Seats (valid through May 31, 2021), plus 4% cash back on dining, entertainment, and select streaming services.

Cardholders can also earn 2% cash back at grocery stores and 1% cash back on all other purchases. The cash back rewards are automatically credited to the cardholders account every month.

There is no limit to the amount of cash back that can be earned, and the rewards do not expire as long as the account remains open.

Annual Fee

The Capital One Savor Cash Rewards Credit Card has an annual fee of $95. While this may seem like a lot, cardholders can easily earn enough cash back rewards to offset the fee.

For example, if you spend $2,000 a year on dining and entertainment purchases (which would earn 4% cash back), you would earn $80 in cash back rewards. Add in the $150 cash back bonus for spending $3,000 in the first three months, and you would already be ahead by $135.

Who should get the Capital One Savor Cash Rewards Credit Card? The Capital One Savor Cash Rewards Credit Card is ideal for those who enjoy dining out and attending entertainment events frequently.

If you spend a significant amount of money on these types of purchases each month, the rewards program for this card could be very beneficial for you. The card is also a good choice for those who want to earn cash back rewards on groceries and other purchases.

The 2% cash back on groceries (excluding Walmart and Target) can add up quickly, especially for those who have large families and spend a lot on groceries each month.

Definition of Entertainment Purchases

The Capital One Savor Cash Rewards Credit Card offers 4% cash back on dining and entertainment purchases. But what exactly qualifies as an entertainment purchase?

According to Capital One, the following types of purchases fall under the entertainment category:

– Concert tickets

– Movie theaters

– Record stores

– Tourist attractions

– Amusement parks

– Aquariums

– Zoos

– Dance halls

– Pool halls

This list is not exhaustive, but it gives an idea of what types of purchases would qualify for the 4% cash back on entertainment purchases. In conclusion, the Capital One Savor Cash Rewards Credit Card is a great rewards credit card for those who enjoy dining out and attending entertainment events frequently.

The cards rewards program offers unlimited 8% cash back on tickets purchased through Vivid Seats (valid through May 31, 2021), plus 4% cash back on dining, entertainment, and select streaming services. While the card does come with an annual fee of $95, the rewards program is generous enough to offset this fee easily.

If youre someone who spends a significant amount of money on dining and entertainment purchases each month, this credit card is definitely worth considering. Capital One Savor Cash Rewards Credit Card is one of the best rewards cards on the market because of its generous cash back program on dining and entertainment purchases.

However, the card also comes with a host of other benefits and perks that make it a must-have for many cardholders. Here are some benefits and drawbacks of the Capital One Savor Card.

Benefits and Perks

1. Early Spend Bonus

Capital One Savor Cash Rewards Credit Card offers a generous $300 cash bonus to new cardholders who spend $3,000 in the first three months of the account opening.

This is a great way to earn additional cash and offset the annual fee. 2.

Easy-to-Understand

Rewards Program

One of the best features of the Capital One Savor Cash Rewards Credit Card is its easy-to-understand rewards program. Cardholders receive 4% cash back on dining, entertainment, and select streaming services, 2% cash back at grocery stores, and 1% cash back on all other purchases.

With this card, there are no rotating cashback categories to worry about, and cardholders can earn unlimited cash back rewards that never expire. 3.

Bonus Cash Back on Event Tickets

The Capital One Savor Cash Rewards Credit Card offers an industry-leading 8% cash back on Capital One Entertainment, which includes purchases made on Vivid Seats (valid through May 31, 2021). This is a great way to save money on event tickets and enjoy your favorite entertainment without breaking the bank.

And with special access to purchase tickets through Capital One Entertainment, cardholders can get access to exclusive events and deals. 4.

Protections

The Capital One Savor Cash Rewards Credit Card offers several protections that help to ensure cardholders are protected while using the card. Travel accident insurance is provided to cover unexpected accidents while traveling, and extended warranty protection provides extended coverage for eligible warranties.

There is also protection against fraudulent charges with $0 fraud liability, as well as virtual card numbers to provide an added layer of security when making online purchases. 5.

No Foreign Transaction Fees

One of the biggest benefits of the Capital One Savor Cash Rewards Credit Card is that it comes with no foreign transaction fees. This means cardholders can save money while traveling abroad and not have to worry about incurring additional fees on purchases made outside of the United States.

6. Easy Rewards Redemption

The Capital One Savor Cash Rewards Credit Card offered cardholders an easy and flexible way to redeem their rewards.

Unlike some other reward programs, cardholders can redeem their rewards as statement credits or checks. Cardholders can easily track their rewards and access them anytime through the Capital One mobile app.

Drawbacks

1. No Intro APR

One of the significant drawbacks of the Capital One Savor Cash Rewards Credit Card is that it doesnt offer an introductory APR.

This can be a disadvantage if you’re looking to transfer a balance or need to make a large purchase. If that’s the case, you may want to consider a different card that offers an intro APR.

2.

Annual Fee

The Capital One Savor Cash Rewards Credit Card has an annual fee of $95.

While the rewards program and other benefits offered on the card can offset this fee, some individuals may not want to pay the fee in exchange for these benefits.

Conclusion

Overall, the Capital One Savor Cash Rewards Credit Card is a great choice for those who enjoy dining out and attending entertainment events frequently. With its generous cash back rewards program and myriad of other benefits and perks, this card can help you earn rewards and save money on your favorite pastimes.

However, individuals should weigh the benefits and drawbacks of this card before deciding whether its right for them. Earning and redeeming cash back rewards through the Capital One Savor Cash Rewards Credit Card can be a lucrative and straightforward process.

Heres what you need to know to maximize your rewards earnings and redemptions.

Earning Cash Back

According to the FinanceBuzz Credit Card Rewards Valuation Model, which values all reward programs at $.01 each, you could potentially earn $548 in rewards in year one and $323 in rewards in year two with the Capital One Savor Cash Rewards Credit Card. To get the most out of your rewards, follow these tips:

1.

Use Multipliers and Bonus Points

The Capital One Savor Cash Rewards Credit Card offers a higher cash back rate on dining, entertainment, and select streaming services. You can maximize your earnings by using the card when dining out, buying concert tickets, or purchasing streaming services.

2. No Limits on Cash Back Earnings

There are no limits to the amount of cash back you can earn with the Capital One Savor Cash Rewards Credit Card.

That means you can use the card for all your dining and entertainment purchases, and continue earning cash back rewards without worrying about hitting any caps or limits.

Maximizing Your Redemptions

Here are some tips for maximizing your Capital One Savor Cash Rewards Credit Card rewards redemption:

1. Bonus Cash Back for Dining Out

In addition to the standard cash back rewards on dining purchases, the Capital One Savor Cash Rewards Credit Card also offers bonus cash back rewards on purchases at specific restaurants.

If you dine out frequently, this can be a great way to maximize your rewards. 2.

Bonus Cash Back for Entertainment

The Capital One Savor Cash Rewards Credit Card also offers bonus cash back rewards on entertainment purchases, such as concert tickets and theme park admissions. If you enjoy attending events and spending on entertainment, this benefit can add up quickly.

3. Check for Exclusions

While the Capital One Savor Cash Rewards Credit Card offers competitive cash back rewards, there are certain exclusions to be aware of.

For example, purchases made on online ticket resellers like StubHub or SeatGeek are not eligible for bonus cash back, and some restaurants and entertainment venues may not qualify for bonus rewards. Always check the terms and conditions of your card to ensure that you’re using it to maximize your rewards.

Capital One Savor FAQs

1. How do I redeem my Capital One Savor cash back?

Redeeming your Capital One Savor cash back rewards is easy. You can redeem your rewards as a statement credit, check, or via gift cards or automatic redemption.

You can choose to have your rewards redeemed automatically, where Capital One will automatically redeem your rewards as either a statement credit or check credit every time you reach a certain amount (typically $25, $50, $100, or $200). 2.

What credit score do you need for the Capital One Savor Rewards? To qualify for the Capital One Savor Cash Rewards Credit Card, you need an excellent credit score of 800 or above.

This means you have a strong history of borrowing and paying back debt responsibly, and lenders deem you to be a low risk. 3.

Is the Capital One Savor a good credit card? If you spend a significant amount of money on dining out and entertainment, the Capital One Savor Cash Rewards Credit Card could be an excellent card choice.

The cards uncomplicated reward redemption program and bonus rewards for dining and entertainment make it a great option for those looking for a straightforward and easy-to-use rewards card. 4.

Is Capital One Savor Card a Visa or Mastercard? The Capital One Savor Cash Rewards Credit Card is a Mastercard.

Its a World Elite Mastercard, which means it comes with additional benefits and perks, such as concierge service, exclusive travel offers, and shopping and dining privileges. While the Capital One Savor Cash Rewards Credit Card is an excellent choice for those who dine out and attend entertainment events frequently, its not the only card on the market.

Here are a few other cards to consider:

1. Capital One SavorOne Cash Rewards Credit Card

The Capital One SavorOne Cash Rewards Credit Card is an excellent alternative to the Capital One Savor Cash Rewards Credit Card, especially for those who don’t want to pay an annual fee.

This card offers 3% cash back on dining and entertainment purchases, including popular streaming services, and 2% cash back at grocery stores. It also comes with 5% cash back on hotels and rental cars through Capital One Travel, and 8% cash back on Capital One Entertainment purchases.

Additionally, cardholders can earn 10% cash back on purchases made through Uber and Uber Eats (through 11/14/2024). 2.

Chase Sapphire Preferred Card

The Chase Sapphire Preferred Card is a great rewards card if you’re a frequent traveler. The card offers Chase Ultimate Rewards points that can be redeemed for travel through the Chase travel portal, with 25% more value on each point redeemed.

The rewards rate is 5X points on travel purchased through Chase, 3X points on dining, select streaming services, and eligible online grocery purchases, and 2X points on all other travel purchases, and 1X point per dollar on all other eligible purchases. The card has no foreign transaction fees and offers travel protection benefits, including trip cancellation and interruption insurance and rental car insurance.

Which Card Is Right for You? Deciding which card is best for you will depend on your spending habits and preferences.

If you spend a lot on dining and entertainment, the Capital One Savor Cash Rewards Credit Card or Capital One SavorOne Cash Rewards Credit Card may be the better choice. If you travel frequently and want to earn rewards points, the Chase Sapphire Preferred Card is a great option.

Ultimately, the ideal credit card for you is one that aligns with your financial goals and allows you to earn and redeem rewards that work for your lifestyle. Consider your spending habits, the annual fees, and other perks to determine which card is the best fit for you.

Before making a final decision, make sure to read the terms and conditions to understand all the benefits and drawbacks of each card. The Capital One Savor Cash Rewards Credit Card is an excellent credit card for those who enjoy dining out and attending entertainment events frequently.

Its rewards program is easy to understand, with unlimited cash back rewards, and bonus cash back on dining and entertainment purchases. Other benefits include no foreign transaction fees and a straightforward rewards redemption program.

However, there are some

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