Capital One adds enhanced cash-back rates for Savor cardholders: Now earn bonus rewards on streaming services, more on groceries

Starting May 18, 2021, Capital One is permanently adding cash-back rewards on select streaming services for Savor cardholders and increasing the amount of cash back you'll earn on grocery purchases.

Cardholders of the *Capital One Savor Cash Rewards Credit Card and Capital One SavorOne Cash Rewards Credit Card (see rates and fees) can now earn 4% cash back (Savor) and 3% cash back (SavorOne) cash back on popular streaming platforms like Netflix, Hulu and Disney+.

These cash-back rates were first introduced in June 2020 and were only available through April 30, 2021, but they're now a permanent addition for Savor cardholders. Previously, streaming purchases earned 1% cash back.

While Capital One's Savor credit cards are known as some of the best cards for food and for entertainment spending, the addition of enhanced rewards on streaming is in an effort to accommodate cardholders' new at-home lifestyle amid the ongoing pandemic.

Also beginning May 18, Savor cardholders will earn 3% cash back at grocery stores (up from 2%).

Here is a reminder of all the cash back rewards you can earn with both Savor credit cards:

• 4% cash back on dining and entertainment
• 4% on eligible streaming services
• 3% at grocery stores
• 1% on all other purchases
• $95 annual fee

• 3% cash back on dining and entertainment
• 3% on eligible streaming services
• 3% at grocery stores (excluding superstores like Walmart® and Target®)
• 1% on all other purchases
• No annual fee

(*See rates and fees)

Capital One offers multiple ways for cardholders to redeem their rewards. Below we list a handful of redemptions you can choose from:

• Redeem the cash back you earn for a statement credit or check at any amount to help pay your credit card bill
• Automatically redeem cash back at a set time each year or when you meet specific threshold ($25, $50, $100, $200, $500 or $1,500)
• Redeem your rewards by shopping at Amazon.com
• Redeem for gift cards from dozens of merchants including Walmart, Lowe's, Whole Foods and many more
• Redeem via PayPal Pay with Rewards to use your Capital One rewards when you check out with PayPal at participating online retailers

On top of the enhanced cash-back rewards for Savor and SavorOne cardholders, Capital One recently announced new travel offerings for 2021.

This includes the launch of Capital One airport lounges, a refreshed mileage transfer program (for Venture and Spark Miles travel cardholders) and a new Capital One Travel booking experience powered by Hopper.

*Information about the Capital One Savor Cash Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.