Capital one savor cards

  Capital One Credit Cards

Capital One Webpage

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Annual Fee

$95

Typical Signup Offer

$300

Signup Bonus Chart

Bonus Categories

4% Restaurants (4 - ≈6%)

4% Entertainment (4 - ≈6%)

2% Grocery (2 - ≈3%)

1x Everywhere Else (1 - ≈1.5%)

No Foreign Transaction Fee

Capital One Miles Guide

If you are collecting Capital One "Miles", the Savor cards can help you boost your balance with their signup bonuses and bonus category rewards on restaurant and entertainment. The points you earn from these cards can be transferred to your Venture or Spark Card and then onto one of Capital One's frequent flyer or hotel loyalty partners.

Jump to

• Intro to Membership Rewards
• Signup Bonus
• Notable Benefits
• Bonus Categories
• Getting Rid of the Card

Savor Card Options

There are two different versions of the Savor Card:

Introduction to Capital One Points

Some Capital One cards, like the Venture Card, earn "miles". Other cards, like the Savor cards, earn "cash back". Capital One "miles" can be used at 1 cent each to erase travel purchases you make one of the miles-earning cards, but they can also be transferred to a over a dozen frequent flyer and hotel loyalty programs. You can then use the miles to book award tickets, hotel nights, or vacation rentals. The value of these awards varies, but in many cases, you can receive considerably more than 1 cent per point in value. Capital One Miles Guide.

The points you earn from the Savor cards can be transferred to your other Capital One cards. So if you have one of the mile-earning cards, you can choose to earn 3-4 miles per dollar with the Savor cards, rather than 3-4 cents per mile. If you don't find good opportunities to use your points.

Collecting the Signup Bonus

• It is worth signing up for this card just to collect the signup bonus. The typical signup bonus is 50,000 Membership Rewards points, valued at $750 (at 1.5 cents per point). After subtracting the annual fee and the opportunity cost of using the card for $5,000 of spending, the calculated net value for the initial year is $400 (8 cents per dollar spent). Your value may be higher or lower, depending on how much you value Membership Rewards points. How Much are Points Worth?.
• You can only earn the signup bonus once per lifetime. With Amex cards, you are normally not entitled to earn the signup bonus, if you've ever had the card before. However, you may eventually receive a targeted offer that bypasses this limitation, allowing you to earn the bonus an additional time.
• You may want to wait until you receive a better than normal offer. Since Amex will normally only let you receive the signup bonus once per lifetime, and frequently offers promotional signup offers, it can be worthwhile to postpone signing up, so you don't waste your bonus on a less valuable offer.

Notable Benefits

• 25% rebate when you use your Membership Rewards points to buy certain airline tickets. Like the Amex Platinum card, you'll receive a rebate when you use the Amex website to purchase tickets on your preferred airline (and business and first class tickets on any airline). For example, if the ticket costs $300, you'll need to spend 30,000 points. After the purchase, you'll receive a rebate of 7,500 points (25%). Your net cost is 22,500 points, giving you a value per point of 1.33 cents each.
• Amex Hotel Collection. When you use this luxury hotel program program to book a two night stay at one of the participating hotels, you'll get a room upgrade (upon availability) and a $100 credit to spend on dining, spa, and resort activities. Hotel Collection Website.
• Access to Amex Offers. Amex continuously provides discount offers to their cardholders. Most of the offers are in the form of "Spend $x, get $y back", but other offers are in the form of "x% off your entire order" or "Earn an extra Membership Reward point on your purchases". To take advantage of the offers, you need to go to the Amex website, find the ones you are interested in, and "add them" to your card. Each offer will then be automatically applied when you use your card to make the corresponding purchase. Amex Offers Website.
• Free ShopRunner membership. As with all Amex cards, you are entitled to a complimentary ShopRunner membership, which provides free two-day and return shipping from around 150 of the largest online retailers. ShopRunner Website
• Exclusive access to entertainment events. Amex sponsors cardmember-only events around the country and also provides early ticket access for some other shows.

Bonus Categories

• The Business Gold Rewards card can earn bonus rewards on six different "business related" categories: Advertising (in selected media), shipping, airfare, gas, restaurants, and computer-related purchases.
• You'll earn 4x Membership Rewards points on whatever two categories you spend the most on (during each billing cycle). For example, if during the last statement, you spent the most on computers and advertising, you'll receive the bonus on those categories. Then in the next statement, when your computer expenses drop, you might earn the bonus for restaurants and advertising. Bonus points are limited to the first $150,000 of spending per year (in the bonus categories).
• This is the highest reward rate available on several business categories, including online advertising, shipping, and computer purchases. If you spend a lot in these categories (and many businesses do), you can easily justify the $295 annual fee.

However, if you don't want to mess around with frequent flyer tickets, earning 3x Ultimate Rewards points with the Ink Preferred card might be a better option.

• There are probably better options for earning points on your restaurant spending. 4x Membership Rewards points is very good, but you can get the same reward rate from the personal version of the card. Furthermore, the Citi Prestige Card provides 5x points on dining purchases and without worrying about whether the restaurant takes American Express.
• It is probably better if you plan to use the card for specific categories. If you spread your spending across more than two categories in any billing cycle, you'll wind up only earning 1x points in the categories where you spend the least.
• You don't want to use this card for your everyday spending. You'll earn higher rewards from a good general-purpose reward card. Get a Great General Purpose Reward Card and Use It for All of Your Spending.

Getting Rid of the Card

• You need to be careful or you could lose your Membership Rewards points when you cancel your card. To keep your points, you need to hold onto at least one card that earns Membership Rewards points. If you don't have one, you either need to hold onto the card, downgrade it to the Business Green Card, open up a new Membership Rewards card (like the no-annual-fee Business Blue Plus Card), or transfer all your points to your favorite airline program. Before cancelling, make sure to check that the card you're cancelling is linked to the same Membership Rewards account as your other cards (as it should be).
• We usually recommend cancelling your card, rather than doing a product change. If you change to a card that you haven't had before, you won't be able to earn the signup bonus for that card in the future. In addition, signing up directly for the new card would earn a referral bonus for your Amex referral partner. And it usually isn't hard to get approved for a new Amex card when you need it.

You can product change between the business Platinum ($595), Business Gold ($295), Business Green ($95), and Plum ($250) cards.

• You can wait to cancel the card until after the annual fee shows up on your statement. As long as you cancel within 30 days of the statement closing date, Amex will refund the fee. After 30 days, you can receive a pro-rated refund by downgrading to the lower-priced Business Green Card.
• You might be able to receive a retention offer to keep your card. It could be enough to make it worthwhile to keep the card.

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