Capital One Just Increased Earning Rates on Both the Savor and SavorOne Cards

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Great news Capital One Savor-branded cardholders! Starting today, you'll begin earning more cash back in select categories on both the Capital One Savor Cash Rewards Credit Card and the Capital One SavorOne Cash Rewards Credit Card. Here's what you need to know about these exciting developments.

New Benefits for Capital One Savor Cardholders

Starting today, the Capital One Savor card will earn 4% cash back on popular streaming services. This includes services like Hulu, Netflix, and Disney+. Previously, the Capital One Savor didn't include streaming services in the entertainment category. So, cardholders only earned 1% cash back.

Additionally, Capital One is also upping the amount of cash back cardholders can earn at grocery stores. Capital One Savor cardholders will now earn 3% cash back on all purchases made at grocery stores. This is a bump up from the original 2% cash back.

Related: The Best Rewards Cards for Restaurants

New Benefits for Capital One SavorOne Cardholders

Capital One SavorOne cardholders are also seeing their cash back earning rates increase. Starting today, the Capital One SavorOne card will earn 3% cash back on all purchases that fall in the following categories:

  • Dining
  • Entertainment
  • Streaming serves
  • Grocery stores.

Additionally, the Capital One SavorOne card now earns 8% cash back on purchases made through Vivid Seats. Previously, only the Capital One Savor card earned 8% cash back with Vivid Seats. However, this benefit is now available to both Savor-branded cards through January 2023.

Capital One Savor card best for live entertainment
The Capital One Savor-branded cards are two of the best credit cards for live entertainment and dining out. (Image by Max Prosperi / AwardWallet)

Capital One's Savor-Branded Cards

The Capital One Savor and Capital One SavorOne are two of the best credit cards for those that enjoy dining out and live entertainment. Both cards have long focused on rewarding purchases made at restaurants and on live entertainment like concerts and music festivals. Even Capital One refers to the Savor line-up as the cards for “food and fun.”

For those that don't mind paying an annual fee to get more perks, the Capital One Savor card is an excellent card for dining out and live entertainment. The Capital One Savor card comes with a number of benefits including concierge services, extended warranties, travel services, and the ability to earn unlimited 4% cash back on dining and entertainment.

If you're looking to forgo the annual fee, the Capital One SavorOne card is the better fit. While the Capital One SavorOne card isn't as benefit-heavy nor does it earn as much cashback as the Capital One Savor card, it's a fantastic card for those that enjoy dining out and entertainment.

More Capital One Developments

I have always viewed Capital One cards as a sort of wildcard. I also love the Capital One Savor card for its earning structure. There are few credit cards available that can rival Savor-branded card earnings on dining out and live entertainment.

However, Capital One is actively making its way into the realm of premium credit cards. Capital One recently announced the launch of Capital One Lounges. Capital One Lounges will be similar to other airport lounges operated by major credit card companies.

Capital One Airport Lounge
Rendering of a Capital One airport lounge set to open in Summer 2021. (Image via Capital One)

Capital One airport lounges will feature amenities like high-speed Wi-Fi, grab-and-go food, a fully stocked bar, and shower suites. The first Capital One Lounge is set to open its doors at Dallas-Fort Worth International Airport later this summer. Lounge access pricing will vary depending on the card presented at entry.

If you're not sure which Capital One card is right for you, check out AwardWallet's coverage of the full line of Capital One credit cards.

The Bottom Line

The Capital One Savor and Capital One SavorOne cards are perfect for those that like to dine out and enjoy live entertainment — which we should be able to do more of soon thanks to fewer COVID-19 cases and restrictions. While some cards offer bonuses for dining out, the Savor and SavorOne cards are clear winners in this category when it comes to cashback cards.

Now, with added benefits including earning 4% cash back on streaming services and 3% at grocery stores, Capital One Savor cardholders know they can earn rewards on both a night out and a night in.

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Comments

  • Avatar
    Neelesh Thakkar says:

    I think streaming services is a great add, as well as grocery stores. However, wondering if dining covers take-outs/delivery directly from the restaurant (vs 3rd party apps).

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      Yes, dining here does not need to be literally “dining out.” Ordering directly from the restaurant should certainly be covered under dining.

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    Any foreign transaction fees with the Savor cards? I’ve been using Venture for years and recently got the $200 bonus for adding a Quicksilver card.
    Of all my cards it seems that CapOne gives me the best exchange rate on foreign transactions, and with no FTF fees.

  • Avatar

    Nice upgrades to the earning rates and it will help them be more competitive with AMEX and Chase cards, but with the Chase 5/24 rule in place, it’s not enough to tempt me into switching to yet another cash back card for certain categories and juggling it with my other cash back cards already in the mix.

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    I just discovered AwardWallet and it’s blog this week. So many deals, thank you. I have the Capital One World card and may now add the SavorOne card since we dine out often.

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    Seems an excellent offer – signing up for the card.

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    That entertainment category is pretty limiting if it’s like the citi premier one. I’ve actually found the bofa travel category includes a lot of these under their travel category

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    Impressive. COne is really putting a dent in the marketshare and offering some really interesting cards. No frills but a good cashback system.

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    Abid Khan says:

    This is definitely a more appealing card. Kudos to those who were able to get Savor prior to the AF!

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    Welcome to the game, Capital One. Hope Citi et al are paying attention. Competition is a good thing.

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    IThat’s some serious cash back potential on some very common spending categories, though it doesn’t sound like it’s a permanent benefit. Since it’s mentioned here…I’d be interested in a post explaining airport lounges. Where to find them, why I would want to use them, how to get in, etc.

  • Avatar

    Nice option for cashback since we are not travelling due to the pandemic. Is there a better card out there for groceries that’s greater than 3%?