Capital One just upgraded the bonus earning rates for two of us most popular cards.
Capital One Savor
The Capital One Savor Cash Rewards Credit Card previously earned:
- 4% on dining and entertainment
- 2% on groceries
However, it just got upgraded to the following rates:
- 4% on dining and entertainment
- 4% on streaming services, including Hulu, Disney+ and Netflix
- 3% on groceries
Streaming is a category where most people have pretty limited spending so the 4% back can only go so far. But with so many streaming services now out there the savings could add up over the span of 12 months to help you offset the annual fee.
Let’s say you are spending $100 a month on streaming services. That’s $1,200 a year and 4% of that comes out to $48. The annual fee is $95 so with that bonus category alone you can offset about half of the annual fee. Not bad.
But of course the real value with this card is the 4% back on dining and entertainment. Purchasing expensive tickets to one event could get you some dramatic cash back savings (sometimes up to 8%) and foodies who eat out a lot will quickly accumulate tons of cash back month after month.
Related: Capital One Savor Cash Rewards Credit Card Credit Score: What Are My Approval Odds?
Capital One SavorOne
The Capital One SavorOne Cash Rewards Credit Card is also getting an upgrade in the bonus category department.
The Capital One Savor One previously earned:
- 3% on dining and entertainment
- 2% on groceries
However, it just got upgraded to the following rates:
- 3% on dining and entertainment
- 3% on streaming services, including Hulu, Disney+ and Netflix
- 3% on groceries
Getting 3% on all of those categories is really good for a no annual fee credit card. It’s definitely more of a strong contender with the Chase Freedom cards with the increased bonus earnings.
Final word
A lot of times when you see new bonus categories come in and get increased there is a bit of a shuffle and some bonus categories drop. That is not the case this time with Capital One so that is a major plus for the new changes.
Daniel Gillaspia is the Founder of UponArriving.com and the credit card app, WalletFlo. He is a former attorney turned travel expert covering destinations along with TSA, airline, and hotel policies. Since 2014, his content has been featured in publications such as National Geographic, Smithsonian Magazine, and CNBC. Read my bio.
