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This new credit card offers 4% back on dining, but is it a good deal?

August 14, 2018

Here’s one reason to put your avocado toast and poke bowls on credit — if you can pay them off in full, of course.

There’s a revamped Capital One COF, +1.59% card on the market aimed at foodies that will offer 4% back on dining and entertainment charges, the company said Tuesday.

Capital One introduced its Savor card in October 2017. It offered 3% unlimited cash back on dining, 2% on groceries and 1% on all other purchases. It came with a $150 bonus when cardholders spent $500 within three months of opening their account and had no annual fee. (Existing Capital One Savor customers will automatically be upgraded to the new card and won’t have to pay an annual fee, said Lauren Liss, the vice president of U.S. cards at Capital One.)

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