The New Foodie Credit Card From Capital One is The Talk of Town
- February 2, 2020
- 1 min read
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Do you just love dining out with friends? Are you planning a dinner party at home for your family? You might just get the perfect card to match these escapades from Capital One. The Premier Dining Rewards card is a free card which allows you to earn bonuses and cashback on food purchases. It’s good to note that there is no annual fee involved.
The credit card is rewarding consumers for what they are already spending big on: dining out. According to a spokesman of the Card issuer, recent changes in the marketplace prompted the launch of this new card. Let’s face it, it is becoming increasingly expensive to afford mealtimes. Thus, people can enhance their dining experience and still get rewarded for it.
Great Rewards Makes the Card a Worthwhile Choice
Even if you don’t dine out often, everyone buys groceries, right? The rewards that come with it make this card worth your consideration:
- A $100 sign-up bonus for spending just $500 within the first 3 months: this equates to around $166 per month on groceries to qualify for this bonus. According to the S. Bureau of Labor Statistics, the average American spends approximately $220 per month on groceries.
- Cashback on purchases: 3% back at all restaurants, 2% back at grocery stores and 1% back on non-food related purchases
- No annual fee
The 3% cashback on dining is an aspect that appeals the most to consumers. The dining and food industry holds a large role in the daily lives of many people. The Capital One Savor Card combines growth in this spending category with the preference for cash back.
A Motif Inspired By Food
The plastic Card from Capital One is ready to launch and has fittingly chosen the name Savor. Its finish resembles copper cookware, a true dining theme. The card will obviously be conspicuously different from all the cards stacked up in your wallet.
So How Different Is Savor Card From Its Competitors?
The Savor Card from Capital One waives foreign transaction fees. Other cards, such as the Amex card, add a 2.7% fee to all international purchases.
The 3% you earn includes spending at food trucks, Starbucks, bakeries, and all fine dining establishments. However, this card is dependent on merchant codes. So you will enjoy these rewards as long as a restaurant is actually coded as a restaurant.
Another notable incentive from Capital One Foodie Card is a welcome offer of 0% APR on balance transfers and purchases for the first nine months. After this period, the interest rate will range from 15.49% to 24.49%.