Capital One has announced some improvements to the Savor & SavorOne cards. Starting today:
- Savor will earn earn 4% cash back on popular streaming services, including Hulu, Disney+ and Netflix, and will also earn 3% cash back at grocery stores (previously 2%). That’s in addition to the existing category of 4% on dining and entertainment.
- SavorOne will earn 3% cash back on dining, entertainment, popular streaming services, and at grocery stores. Previously the card earned 3% on dining and entertainment, but only 2% on grocery stores.
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I haven't confirmed this, but it appears that you can transfer cash back from SavorOne to VentureOne miles, at which point you could transfer them to a travel partner. If this works it'd be pretty big, as SavorOne earns 3% on dining, grocery, and entertainment which could be turned into travel partner points via VentureOne with no annual fee on either card.
Applied and approved for SavorOne today, just sucks that all 3 credit bureaus are pulled.
I cancelled Savor when my normal entertainment spend went down to near zero (concerts pre-covid), so I had fomo when I saw the title. Looks like I didn't need to worry though.
The us cash+ card have 5 percent back so no need to fomo
Dining and entertainment are still 4% on the Savor card. The article makes it seem like it is losing that benefit.
Fixed now, thanks
correct me if I'm wrong, is the Savor the one with annual fee? if yes this change is not comparable with the 6% on streaming and grocery on the Amex Preferred Cash Back.
Yes, $95 annual fee, they waived it for me when I called about non-use the around the first anniv, but didn't do it again. Some people were able to get it twice though 🤔
Exactly. This card’s annual fee for Savor is still not worth it despite these changes because I have the Amex Preferred. I got Savor when they had a $500 SUB, so that was nice. They won’t let me downgrade to SavorOne though. Capital One is pushing me to switch to Quicksilver and the sock drawer.
Nice update. SavorOne now seems to be the ONLY 3% grocery card with no earning cap, no FTF, no AF, and no location/membership restrictions. Good opportunities there.
Interesting to see Capital One making this change. They're surely losing customers on Venture/Quicksilver lines given the recent glut of 2%-on-everything $0 AF cards - looks like they don't want to compete on that front?
Not only that you can cash out rewards as low as 1 cent whereas you need at least 25 dollars with the Amex BCP. And you receive the points faster as well, as soon as your purchase posts instead of after the statement closes.
They just upped their transfer partner game on the Venture a few weeks back, so they're still looking to compete, just not with the cash-back cards. More of a Amex BBP competitor, really.
But the Amex BBP can be used as a 2.5% cash back on everything card when paired with the Schwab Platinum, whereas there's no way to make the Venture's 2x miles useful for cash back, so the BBP is more versatile. Plus there's no annual fee with the BBP and it comes with Amex's excellent extended warranty and other protections which are a lot easier to claim than the insurance companies you have to go through with Visa and Mastercard benefits. I found my Venture useless after the first year compared to Chase or Amex.
Would be even nicer if Capital One would actually approve me for a Savor.
This is not an improvement as it was a dining card.
removed, error
?
It used to be called Capital One Premier Dining Rewards Card
I think they are referring to the description above for the Savor that says it previously earned 4% on dining and entertainment, but does not include dining and entertainment in what it now earns.
does cap1 tolerate gift card purchase from grocery?
is it possible to PC from quicksilver to savorone?
I've read of some being able to PC from Quicksilver to SavorOne but I've never been able to and I've tried multiple times.
I wish they'd improve the quicksilver and venture one. They're supposed to get 1.5 and 1.25 respectively, but I don't. If I spent $3 on my venture one I only get 3 points just because they don't round up 3.75 points to 4 points. $1 does not earn 1.25 but if you spent . I only keep the card for the amazon shop with points anyway, but still annoying.
That's weird.... I never really examined my rewards on the Venture One until reading your post... But mine rounds up. uber eats order for 7.66 (7.66x1.25=9.575) but earn 10 Miles.