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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.
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:
- 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'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 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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