Capital One® Savor® Cash Rewards Credit Card cardholders, ordering takeout is about to get a little more affordable.
Starting Dec. 11, 2018, cardholders with the Capital One® Savor® Cash Rewards Credit Card who charge a Postmates Unlimited membership to their cards will get their monthly $9.99 membership fee covered by the issuer through December 2019. Postmates Unlimited allows you to place orders through Postmates, a food delivery service, without paying a delivery fee on orders over $15.
With a membership, you can also avoid “blitz pricing” — that is, when prices surge because of increased demand — as well as the $1.99 “minimum basket fee” added to transactions that don’t meet a certain minimum price.
For those who order takeout frequently and live in an area where Postmates is available, this offer could make the Capital One® Savor® Cash Rewards Credit Card even more valuable. However, Postmates isn’t available in all cities and states.
To be eligible for this offer, you must carry the Capital One® Savor® Cash Rewards Credit Card, which has an annual fee of $0 for the first year, then $95. You’ll also have to charge the monthly fee for Postmates Unlimited to your card. You can sign up for Postmates Unlimited on postmates.com/unlimited.
Keep in mind that this offer is available only when you pay for Postmates Unlimited on a monthly basis. You won’t be eligible for the credits if you pay for a year of Postmates Unlimited upfront, Capital One confirms.
How does it work?
For cardholders who charge a Postmates Unlimited membership to their cards starting Dec. 11, 2018, the credit will post automatically within one to two billing cycles with no additional action needed from the consumer, Capital One confirms. This limited-time offer will end in December 2019. In addition to the credits, cardholders will also continue to receive 4% cash back on Postmates purchases, the issuer adds.
While Postmates Unlimited covers the cost of delivery fees on orders over $15 and helps you avoid blitz pricing and minimum basket fees, you’ll still be responsible for the full cost of the food you order.
Key features of the Capital One® Savor® Cash Rewards Credit Card
Sign-up bonus: Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening.
- 4% cash back on dining and entertainment.
- 2% cash back at grocery stores.
- 1% cash back on all other purchases.
Annual fee: $0 for the first year, then $95.