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Tiered rewards credit cards make it possible to earn more rewards if your common purchases match the bonus categories. Do you know what card is the best match for your spending habits? This Capital One® Savor® Cash Rewards Credit Card vs Chase Freedom® comparison lets you quickly decide.

Capital One Savor vs Chase Freedom
Between the Capital One Savor vs Chase Freedom, which card comes out on top for you? Credit: Pexels

Capital One Savor vs Chase Freedom

Both cards offer some of the highest award amounts for lifestyle spending. You can earn bonus points on purchases like entertainment, dining, grocery stores, and commuting.

Learn more: Capital One® Savor® Cash Rewards Credit Card

Learn more about the Chase Freedom®: Cash Back Credit Cards

Signup Bonus

The Capital One Savor Cash Rewards offers $300 bonus cash by spending $3,000 in the first 3 months of account opening. This bonus is redeemable as a cash statement credit. There is also an introductory annual fee of $0 the first year (then $95).

Chase Freedom earns you $150 bonus cash after spending $500 in the first 3 months of account opening. You can also redeem your bonus for gift cards, Amazon.com points, and award travel (but the bonus is still only worth $150). There is no annual fee.

Winner: Capital One® Savor® Cash Rewards Credit Card

Earning Cash Rewards

Each card offers tiered rewards letting you earn cash back. What bonus categories you can maximize will probably be your primary focus for this Capital One Savor vs Chase Freedom comparison.

The Capital One Savor lets you earn up to 8% back on select purchases:

  • 8% back on Vivid Seats ticket purchases (through May 2020)
  • 4% back on dining and entertainment
  • 2% back at grocery stores
  • 1% back on everything else

With the exception of the Vivid Seats promotion, the 4% and 2% rewards categories remain the same throughout the year. This consistency makes it easier to estimate your annual cash rewards. All bonus categories earn unlimited bonus cash, which also makes the Savor Card very attractive.

Bonus: The Capital One Savor is also one of our picks for the best credit cards for restaurants and dining.

The Chase Freedom awards 5% back on the first $1,500 spent (then 1% back) on their selected quarterly bonus categories. All non-bonus spending earns an unlimited 1% back. Chase doesn’t announce the exact 5% categories until shortly before the next calendar quarter starts, although they are seasonally based.

For instance, these are the bonus categories in 2019:

  • 1st quarter: Gas stations, tolls, and drugstores
  • 2nd quarter: Grocery stores and home improvement stores
  • 3rd quarter: Gas stations and select streaming services
  • 4th quarter: Holiday shopping

Spending the full $1,500 means you earn $75 cash back each quarter and up to $300 back for the year from the 5% bonus tier.

Winner: Capital One® Savor® Cash Rewards Credit Card

Capital One Savor vs Chase Freedom: Redeeming Points

You can redeem your Capital One Savor rewards for a cash statement credit in any amount. Your points don’t expire. Unfortunately, you can’t pool your rewards with other Capital One credit cards, like is exemplified in the Capital One Venture Rewards Card review, if you prefer travel rewards more.

The Chase Freedom lets you redeem your rewards points for cash, travel, gift cards, and Amazon.com Shop with Points. Each point is worth 1 cent each for every redemption. Although this card earns Chase Ultimate Rewards points, you cannot transfer them to airline or hotel partners. If you prefer earning for travel, check out the Chase Sapphire Preferred review.

However, if you also happen to earn a Chase Sapphire product, the points you earn with your Freedom can qualify for 1:1 point transfers or the Chase travel redemption bonus (up to 50%). Learn more about the best Chase credit cards to learn how to make the most out of this Chase combo.

For both of the Capital One Savor Card and Chase Freedom, the best redemption option is cash rewards.

Winner: Chase Freedom® (Learn more: Cash Back Credit Cards)

Additional Card Benefits

The Capital One Savor Card offers some extra benefits to help save you money during the year and also enjoy special experiences:

  • Statement credit for Postmates Unlimited monthly membership (through December 2019)
  • Complimentary concierge service for dining, entertainment, and sports events
  • No foreign transaction fee
  • Paribus price monitoring for recent purchases
  • Wikibuy online shopping tool scans prices for online stores before you purchase
  • Secondary auto rental collision damage waiver

Check out the full Capital One Savor Cash Rewards Credit Card review for more information.

The Chase Freedom offers a few shopping and travel protection benefits:

  • Trip cancellation coverage up to $1500 per person and $6000 per trip
  • Secondary auto rental collision damage waiver
  • Purchase protection of up to $500 for theft and damage
  • Extended warranty protection on select purchases

Check out our comparison review of the Chase Freedom vs Chase Freedom Unlimited, the other Freedom offer, to learn more.

Winner: Capital One® Savor® Cash Rewards Credit Card

Capital One Savor vs Chase Freedom: Annual Fee

The Capital One Savor has an introductory annual fee of $0 then $95 after that. There isn’t a foreign transaction fee which makes this a good credit card for international travel.

Chase Freedom never has an annual fee but has a 3% foreign transaction fee. Overall, it’s better to only use the Freedom Card inside the United States. Not having an annual fee makes this a better fit if you can’t maximize the bonus categories or you want a $0 annual fee credit card to help improve your credit score. It’s also one of the best travel credit cards with no annual fees if you’re traveling domestically.

Winner: Toss-Up

Credit Score Needed

You will have the best approval odds for the Capital One Savor Card or Chase Freedom with a 670 credit score or higher. Many consider a 670 credit score the beginning of good credit. Having a 740 credit score is often considered the start of excellent credit which means you may qualify for a higher credit limit with either card.

Capital One Savor Cash Rewards Credit Card

The Savor Card is a better option if you want to earn bonus cash on every dining, entertainment, and grocery stores purchase. Below is a quick summary of the Capital One Savor key features:

  • 4% back on dining and entertainment
  • 2% back at grocery stores
  • 1% back on everything else
  • 8% back at Vivid Seats through May 2020
  • No foreign transaction fee
  • $0 introductory annual fee (then $95)
  • $300 cash bonus after spending $3,000 in the first 3 months of account opening
  • It’s one of the best metal credit cards

If you like these bonus categories but can’t justify the annual fee, consider the Capital One® SavorOne® Cash Rewards Credit Card. You still get unlimited 3% back on dining and entertainment (instead of 4%) plus 2% back on grocery stores.

Chase Freedom

The Chase Freedom is the better option if you don’t want to pay an annual fee or if dining and entertainment are not your most common monthly purchases.

  • 5% back on quarterly bonus categories (up to first $1,500 in combined quarterly spending)
  • New bonus categories each calendar quarter
  • 1% back on all non-bonus purchases
  • Rewards points are redeemable for cash, travel, gift cards, and Amazon.com credit
  • Points never expire
  • No redemption minimum
  • $150 bonus cash after spending $500 in the first 3 months of account opening
  • No annual fee

The Chase Freedom can be a good primary card if you prefer redeeming your points for cash rewards. But if you like to travel, the Freedom Card is an easy way to earn 5% on bonus purchases that only earn 1 point each with the Chase Sapphire Reserve vs Chase Sapphire Preferred.

One thing to watch out for before applying is the Chase 5/24 rule. If you are the primary or authorized user on at least 5 credit cards opened in the most recent 24 months, your application will most likely be declined because of too many new credit account. Once you have less than 5 new accounts in a 24-month period, your approval odds are high if you have a minimum 670 credit score.

Summary of Capital One Savor vs Chase Freedom

Hopefully, this comparison of the Capital One Savor vs Chase Freedom helps you decide which card would be best. The Capital One Savor Card is one of the best credit cards for earning the most rewards for dining and entertainment. If you want more flexibility in earning bonus points, the Chase Freedom can be a better fit.

Learn more: Capital One® Savor® Cash Rewards Credit Card

Learn more about the Chase Freedom®: Cash Back Credit Cards

Josh Patoka

The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.

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