Capital One Launches New No Annual Fee 3% Cash Back on Dining Card

I receive compensation for content and many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same).

Capital One® Savor® Cash Rewards Credit Card

First of all, a no annual fee card with no foreign transaction fees is worth noting on its own. And that’s before we even get into rewards.

Earning on this new card is interesting, especially for a no fee card: Earn unlimited 3% cash back on dining, 2% on groceries and 1% on all other purchases.

And there’s even a signup bonus: Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening.

As it stands you can earn more on your ‘other purchases’ just get the no annual fee Citi Double Cash Card. Where you really want to focus on Capital One® Savor® Cash Rewards Credit Card is restaurant spend.

It’s good for someone who prefers cash back over points. I’ll take Chase Sapphire Preferred‘s 2 points per dollar on travel and dining over 3% cash back since I value Chase points at 1.9 cents apiece and inpute a rebate value of 3.8% on dining to that card. But your own valuation may vary.

And the card stands out in your wallet:

This is issued also as a premium World Elite MasterCard which is unique for a no fee card, it gets you myriad travel benefits, free shoprunner, a concierge and more. There’s even car rental elite status.

It’s a great new option and a good niche, and as I wrote earlier I used to care that Capital One pulled all three major credit bureaus when applying for a card but the truth is that doesn’t worry me much anymore.

Capital One® Savor® Cash Rewards Credit Card

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either. Terms and limitations apply to all offers.


  1. If i was to ever get out of the Chase UR ecosystem or get tired of paying annual fees, this seems like a solid backup choice to target.

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