Savor® Rewards from Capital One®

Type

Personal

Credit Rating

Excellent

Annual Fee

Reward Type

Cash Back

SigUp Bonus

Yes

Main Credit Card Features

Rewards

Savor® Rewards from Capital One® Key Benefits:

Primary cash back categories:

Restaurants

How Cash Back Credit Cards Work

Cash back rewards occur when a credit card company gives a small percentage of the purchase back to the customer. Most companies offer cash back between 1-3%, with certain cards offering as much as 6% back. Cash back may be flat-rate, multi-tier, or revolving categories. Rewards come in two primary forms. With an actual cash back rebate, the cash value of the rewards is added to your account. The other type of reward is where your purchases accumulate points. As the customer, you have to initiate the exchange of the points for cash.

Your rebate is redeemed as a check, placed in an account, or more commonly as a statement credit. Using a statement credit, you will not physically receive cash. Instead, the credit card company transfers the “cash” to pay a portion of your credit card bill. How you receive your cash back is described in your credit card agreement.

Cash back takes one or two billing cycles to become applicable and is only redeemable after meeting a minimum threshold. This is done to ensure your account standing is good before the cash back is paid. Cash back cards generally have smaller sign-on bonuses, but lower spending thresholds, than other rewards cards. They are appealing because rewards are simpler to redeem with cash back, and can be received in more ways. When applicable, annual fees are usually $100 or less. Cash back is not subject to devaluation like other rewards programs.

Fees and rates

Annual Fee

Annual Fee 2nd Year 95

Annual Percentage Rate (APR)

APR for Purchases 16.24% 23.74% or 27.24%

APR for Balance Transfers 16.24%, 23.74% or 27.24%

APR for Cash Advances 27.24%

Grace Period 25 days

Transaction Fees

Balance Transfer Transaction Fee

3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you

Cash Advance Transaction Fee

Either $10 or 3% of the amount of each cash advance whichever is greater

Calculate your potential cash advance fee

Foreign Transaction Fee

None

Foreign Purchase Transaction Fee

None

Penalty fee

Late Payment Up to $38

Data Accuracy: We manually collected the data on Credit Card on 11/8/18 from Credit Card Issuer’s website. When collecting the data, we make the best effort to be as accurate as possible, but the information is not guaranteed. We advise you visit Credit Card issuer’s website for the latest info. Empty fields indicate that information isn't available to Intelegency team. None of the information here was endorsed or reviewed by Credit Card issuer.

Savor® Rewards from Capital One® Reward Program

Earn unlimited 4% cash back on dining and entertainment 2% at grocery stores and 1% on all other purchases

Our cashback calculator is a simple-to-use way to see how much cashback you can earn from everyday spending each year. Use this calculator with your current card, or to investigate a new card to add to your wallet.

Savor® Rewards from Capital One® Cash Back Calculator

How to Use Our Cash Back Calculator

Enter how much you spend a month in each category listed below. To calculate this amount, refer to your last three credit card statements. Write down all the credit card purchases you’ve made corresponding to each category; then add them up, and divide that number by three. Use these numbers to fill in each category, then click “Calculate”.

Understanding the Results

The calculator will provide you with two blocks with results generated from your input data. Your results would have considered any sign-up bonuses you would receive and the annual fee you’d pay.

First Year Results

Your first-year results show you what to expect for the first 12 months of owning the card. They include:

Sign up bonus. The one-time incentive to open and use the card. It would be subjected to certain limitations, as described by your credit card agreement.
Annual fee. What you’ll pay to use the card. It is charged once a year to your credit card statement.
Spending reward. The amount that you could potentially earn each year based on how much you spend in each category monthly. It does not include either the sign-up bonus or the annual fee.
Total Net Reward. The real value of your annual cash back Total Net Reward = Spending Reward + Sign-up Bonus – Annual Fee. Its value can be diminished if you don’t pay your credit card balance in full each month.
Real cashback The total net reward displayed as a percentage. You can use it to compare between cards and select the card with the biggest percentage.

Consecutive Years Results

This tells you what you can expect after the first year, using almost all the same metrics. (The sign-up bonus would not be used.) It uses the same calculations as the first year.

The Bottom Line

The card to choose would give both the highest total net reward and highest real cashback percentage. This would indicate that you’re getting the most benefits from the card. Don’t forget, this calculator is to only show what you could possibly earn from your rewards credit card. The amount you’ll earn is dependent on several factors, including how you manage your credit card account.

Apply now
on Citibank's secure website

First Year

Signup Bonus
Annual Fee
Spending Reward
Total Net Reward
Real Cash Back Percentage

Consecutive Years

Annual Fee
Spending Reward
Total Net Reward
Real Cash Back Percentage

Main Rewards Category 1 Groceries

Sign Up Bonus: Earn a one-time $500 cash bonus once you spend $3000 on purchases within 3 months from account openingfootnote

Extra Rewards

Limit to the Amount of Rewards No Limit

Redeem My Rewards

You can get your cash back upon request in the form of a statement credit or a check. You can also set up an automatic redemption preference; options include: (1) at a set time each calendar year or (2) when a specific threshold ($25 $50 $100 or $200) has been reached. Just go online to capitalone.com or contact our Rewards Center. You can also redeem for credits for previous purchases gift cards and more. Rates for these redemption options may vary and are subject to change without notice

Automatic Redemption Preference Yes

Rewards Program URL https://www.capitalone.com/credit-cards/benefits/access/

Rewards Expire No

Fee Benefits

Insurance Benefits

Security Benefits

Travel Benefits

Credit Score Needed For Savor® Rewards from Capital One®

Your best chance of being approved for this credit card involves having a credit score 751 - 850. Having your credit score in this range does not guarantee approval. There are still other factors besides credit score that determine if you will qualify for this card.

850

DISCLAIMER: For the educational purposes at FinancialFreedom.guru we use FICO® Score 8 scale system to estimate recommended Credit Score. There are many other scoring systems that a particular lender might use. A credit score is only one of the factors that lenders take into account and the recommended score does not guarantee approval.