Capital One Savor Cards Boost Food-Related Rewards, Add Streaming

Erin HurdMay 18, 2021

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Capital One's Savor credit cards are sweetening their rewards rates on food-related categories, while also incentivizing streaming purchases.

As of May 18, 2021:

Neither card's bonus rewards rate on "entertainment" is changing — but previously, streaming services did not count as entertainment and were classified with "everything else," earning just 1% back. Here's a closer look at what's changing:

New rewards rates

• 4% back on dining, streaming services and entertainment.

• 3% back at grocery stores.

• 1% back on all other spending.

• 3% back on dining, streaming services, grocery stores and entertainment.

• 1% back on all other spending.

Previous rewards rates

• 4% back on dining and entertainment.

• 2% back at grocery stores.

• 1% back on all other spending.

• 3% back on dining and entertainment.

• 2% back at grocery stores.

• 1% back on all other spending.

Sign-up bonus

Earn a one-time $300 cash bonus after you spend $3,000 on purchases within the first 3 months from account opening.

Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening.

Annual fee

$95.

$0.

Nerdy tip: For either Savor card, "entertainment" includes things like tickets for movies, sports events, concerts, plays, qualifying tourist attractions and theme parks, zoos and aquariums. It also includes dance clubs, pool halls, bowling alleys and record stores.

Additionally, both the Capital One® Savor® Cash Rewards Credit Card and Capital One SavorOne Cash Rewards Credit Card cards will earn 8% cash back on Vivid Seats purchases, through January 2023. Vivid Seats is an online marketplace for buying tickets to sporting events, concerts, theater events and more.

What does it mean for cardholders?

The addition of streaming as a bonus category is a welcome development, and both cards are now more competitive for the foodie audience, depending on whether that food is bought at a restaurant or a grocery store. And that's an important distinction.

For instance, the Savor cards' primary competitor is the U.S. Bank Altitude® Go Visa Signature® Card, which offers 4X back at restaurants — with a $0* annual fee. So it's still possibly a better choice if much of your budget goes toward dining out.

But the Altitude Go earns only 2X back at grocery stores and on eligible streaming purchases, and "entertainment" isn't a bonus category for the card at all.

Either Savor card could now be a more valuable choice when it comes to that kind of spending.

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