Strong Welcome Bonus — $200 Cash Back

• Earn $200 bonus cash after spending just $500 in the first 3 months 

• That’s a 40% return on a minimal spend, easy to achieve with everyday purchases.

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Generous Ongoing Cash-Back on Lifestyle Categories

Benefit from high bonus rates in categories that matter for foodies and entertainers:

• 3% cash back on:

  • Dining (restaurants, bars, cafes)

  • Entertainment (movies, concerts, events)

  • Popular streaming services (Netflix, Disney+, Hulu)

  • Grocery stores (excluding superstores like Walmart & Target)

• 5% cash back on hotels and rental cars booked via Capital One Travel

• 1% cash back on all other purchases 

These are top-tier rates typically reserved for premium cards, but without a fee.

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No Annual Fee & No Foreign Transaction Fees

• Annual Fee: $0 — you reap all benefits without a cost

• No foreign transaction fees — ideal for travelers earning abroad at full rate 

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Flexible & Easy Redemption

• Cash back is real cash — redeemable as statement credits, checks, gift cards, or PayPal/Amazon purchases bankrate.com

• No redemption minimums; cash back never expires

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Convert Cash to Capital One Miles

• Link with a Capital One miles-earning card (like Venture or Venture X) to convert cash back into miles at a 1:1 rate

• Unlock 1.45¢+ value per mile when redeeming through travel partners

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Built-In Protections & Perks

Despite being fee-free, the card includes:

• Extended warranty protection

• Travel accident insurance

• Secondary rental car coverage

• Concierge service

• Zero fraud liability and Mastercard benefits

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Ideal for Everyday Food & Fun Spenders

Perfect for:

• Dining out, coffee shops, takeout

• Movie tickets, concerts, streaming services

• Grocery needs
  If these match your spending — you’re maximizing returns in categories you already use.

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Straightforward Rewards — No Complexity

No rotating categories, caps, or points expiry:

• Unlimited earning at flat rates

• Simplified cash redemption

• Minimal tracking or maintenance — set it and forget it

 

A Great Companion Card

Works perfectly with other Capital One cards:

• Use Savor for lifestyle categories and Venture for travel or general spend

• Combine to earn bonus points and miles, boosting overall rewards efficiency 

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Final Verdict:

The Capital One Savor (no-fee) card offers premium-level rewards in everyday lifestyle categories, a stellar $200 welcome bonus, flexibility in redemption, and no annual fee — making it a smart, everyday cash-back choice for:

• Foodies & entertainment lovers

• Streaming subscribers

• Grocery shoppers

• Anyone looking for powerful rewards with zero complexity or cost