These New Capital One Offers Can Save You Hundreds on Groceries and Streaming

A photo to accompany a story about new Capital One cash back offers Getty Images

We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.

Capital One has a solid suite of cash back credit cards — and as of today, two of them just became more attractive thanks to elevated bonus points. 

They are the Capital One Savor Cash Rewards Credit Card* and the Capital One SavorOne Cash Rewards Credit Card*. Now may be a good time to apply for one of them, if you spend money regularly on one or more of the categories offering higher bonuses.  

Pro Tip

Add your Capital One Savor or SavorOne credit card to your streaming accounts to earn cash back on those memberships.

Beginning Tuesday, May 18, Savor Cash Rewards cardholders will earn 4% cash back on popular streaming services such as Hulu, Disney+, Netflix and more. You’ll also get 3% cash back, up from 2%, at grocery stores (excluding superstores like Walmart® and Target®). The card already earned 4% cash back on dining and entertainment. The Savor Cash Rewards card has a $95 annual fee.

If you have the SavorOne Cash Rewards card, which does not carry an annual fee, you’ll earn 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart® and Target®). You’ll earn 1% cash back on all other purchases.

All of those elevated earnings are for an unlimited time, a Capital One spokesperson says.  

Both Savor and SavorOne cardholders will now earn 8% cash back on Vivid Seats purchases through January 2023. Vivid Seats is an online marketplace where you can buy and sell tickets to concerts, sports games and theater performances. This benefit — which may not be very useful right now, but will come in handy as those events return in earnest after the pandemic — was previously only available to Savor cardholders.

Capital One has a pretty broad list of eligible entertainment purchases on which these cards earn cash back at the elevated 4% or 3% rate. This includes:

  • Movie theaters
  • Sports promoters (professional and semi-professional live events)
  • Theatrical promoters
  • Amusement parks
  • Tourist attractions
  • Aquariums
  • Zoos
  • Dance halls
  • Record stores
  • Pool halls or bowling alleys
Capital One Savor Cash Rewards Credit Card

Capital One Savor Cash Rewards Credit Card

  • Intro bonus:
    $300
  • Annual fee:
    $95
  • Regular APR:
    15.99% – 24.99% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site.
Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card

  • Intro bonus:
    $200
  • Annual fee:
    $0
  • Regular APR:
    15.49% – 25.49% (Variable)
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site.
Chase Freedom Unlimited®

Chase Freedom Unlimited®

Editor’s Score: (/5)
  • Intro bonus:
    $200
  • Annual fee:
    $0
  • Regular APR:
    14.99% – 23.74% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site.

This is one of many pivots from credit card issuers that are now introducing more lifestyle perks to entice customers who are spending more time at home during the coronavirus pandemic. 

This has been especially true of travel rewards credit cards, which have shifted their benefits to appeal to people who aren’t traveling

The Platinum Card® from American Express, for example, recently introduced a $30 monthly PayPal credit through June 30, 2021, to help people save money on online purchases. But cash back credit cards have been changing too, and the elevated bonuses from these two Capital One cards on streaming are a case in point.  

Your cash back can be redeemed for statement credits or a check, either partially or in full, or can be used for Amazon or PayPal purchases. We encourage you to use any credit card only for purchases you can afford to pay off each month, and not to use elevated rewards as an excuse to overspend. 

That said, and depending on your spending habits and financial goals, these updates from Capital One could be a helpful addition to your credit cards strategy. If you spend a good chunk of your budget on groceries, streaming services or dining, you’re poised to receive a solid cash back return on those purchases. There’s nothing you have to do to receive these new benefits either — just grab your card and swipe away.

*All information about the Capital One Savor Cash Rewards Credit Card and Capital One SavorOne Cash Rewards Credit Card has been collected independently by NextAdvisor and has not been reviewed by the issuer.