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Recently Capital One announced a new cash back offer for its Savor cards. The new offer allows earning cash back on streaming services for a limited time.
It's not the first time Capital One makes additions to a credit card rewards program. For instance, back in April, the bank added new redemption options to Venture cards for a limited time. Those new redemption options include food delivery, takeout, and streaming services. Now cardholders of Capital One® Savor® Cash Rewards Credit Cards and Capital One® SavorOne® Cash Rewards Credit Cards will be able to take advantage of a new temporary offer.
From June 12, 2020, and through September 30, 2020, Savor cardholders will be able to earn 4% cash back on some of the most popular streaming services, like Netflix, Hulu, and Disney+. The SavorOne cardholders will earn 3% cash back on eligible streaming services.
This new cash back rate comes in addition to existing cash back rewards cardholders can earn using these two cards. Savor cardholders will continue earning unlimited 4% cash back on dining and entertainment, 2% cash back at grocery stores, and 1% cash back on all other purchases. SavorOne cardholders will also earn in these categories but at a bit lower rate: 3% cash back on dining and entertainment, 2% cash back at grocery stores, and 1% cash back on all other purchases.