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

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:

• The Capital One Savor Cash Rewards Credit Card will now earn 4% cash back on streaming services like Netflix, Disney+ and Hulu, and 3% back on grocery store purchases.

• The Capital One SavorOne Cash Rewards Credit Card will now earn 3% back on streaming services and grocery store purchases.

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:

» MORE: NerdWallet's best credit cards for restaurants

» MORE: NerdWallet's best credit cards for groceries

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.

» MORE: Benefits of the Capital One Savor credit cards