Sometimes you just want plain old cash back. 

Capital One Savor

Sure, we know we can get more than a 4% “yield” on our dining spend. But that requires redeeming points for travel. And while that’s usually our goal, the more I talk to my readers, the more I learn that many of you want to earn both points and cash back depending on what matters more at that time and ease of use. And there are several Cash Back Credit Cards.

The new Capital One Savor card is specifically designed for your food consumption, offering 4% cash back for dining out and entertainment and 2% cash back for supermarkets.

The card does carry a $95 annual fee, waived the first year, but it also comes with a $500 cash early spend bonus if you spend $3,000 in your first three months.

You could also opt for the no-fee version of the card, called “SavorOne Cash Rewards” which lowers dining earnings to 3% cash back – though you’ll only get a $150 spend bonus. Given that the annual fee is waived and you should be able to convert to the no-fee version later if you aren’t getting value out of that extra 1% cash back, I’d recommend the full “Savor” card over the SavorOne.

While I wouldn’t suggest this as a first or primary card, and certainly not without considering 5/24, it may well be a nice companion card in your wallet for straight up cash back on your food purchases.

Does 4% cash back on dining suit you? Apply for Cash Back Credit Cards.

Questions? Let me know here, on Twitter, or in the private MilesTalk Facebook group.