3%-4% back on Entertainment

TL;DR: Get 3% back on entertainment spending when you use Capital One’s SavorOne card, or get 4% back with Capital One’s Savor card (which comes with an annual fee).

Capital One recently launched their Savor and SavorOne credit cards. Their main feature is that they give 3% and 4% respectively on dining and entertainment. They also give 2% back on groceries and 1% on any other purchase.

Given that other cards like the Uber visa card give 4% back on Restaurants, the exciting new thing is Entertainment. That’s defined, as described on their website:

This is a great way to boost up cash back in another category not really touched by other credit cards.

Other differences between Savor and SavorOne: the Savor has a $95 annual fee (waived for first year), and the SavorOne has no annual fee. There’s also a sign-up bonus of $500 (after a spend of $3000) on Savor, and a bonus of $150 (after a spend of $500) with SavorOne.

Verdict: I haven’t found any other card that beats this in the entertainment category, so it makes a lot of sense to get one of these cards. To determine which one, ask yourself how much you spend on these entertainment categories (minus movies if you’re getting that 5% back with the US Bank Cash+!). If you exceed $9500, it makes more sense to get the Savor (as your extra spending makes up for that annual fee). Or if you’re like me and you spend less than that, SavorOne makes more sense.

However, if you’re willing to put in more effort, because of the big sign-up bonus on Savor, you may consider getting the Savor for the first year and downgrading to SavorOne (Capital One may grant this on a case-by-case basis) or closing the account and reopening a SavorOne account before you pay your first annual fee.

Happy Savor’ing,

TheJKW