Benefit extended through 4/30/21. Hat tip to TPG
Benefit extended to 12/31/20. Hat tip to DDG
Original Post:
Capital One has added a temporary category bonus of Streaming Services on the Savor and SavorOne credit cards.
- Savor card will get 4% cashback on streaming services, in place of the typical 1%, through September 30, 2020.
- SavorOne card will get 3% cashback on streaming services, in place of the typical 1%, through September 30, 2020.
Information of this new temporary benefit is coming from TPG; I don’t see this publicized by Capital One directly anywhere.
This new benefit would be somewhat interesting if this were a permanent benefit. As a benefit for 4 months on a category which is pretty minimal and has competition, I don’t think it was worth them putting out this benefit at all, honestly.
Related:
Any updates on whether they are approving new SavorOne (or any capital one) credit cards? My application is pending since July 29th. Called a few times everytime they just said application department is closed right now
That 4% should be permanent! It’ll worth more the 95$ fee
Just wanted to update everyone, the email about it went out so it’s official. It seems they’re doing it by MCC (good), so we’ll see how things actually work.
If you’re eligible for the Chase 5% back credit (through November) then this isn’t very useful.
FYI – I already get 4% on all Apple subscription services charged on this card (Apple Music, iCloud, AppleCare) because they code as “Entertainment”. Great hidden benefit of this card.
Is this for real with the Savor? You are telling me if I use it on the Apple iTunes store as a preferred method of payment for subscriptions on streaming, movie rentals and games, it will give me 4%?
Why isn’t streaming always included in “entertainment” anyway? This is why I hate entertainment bonus categories. They are so open ended.
It seems that the “entertainment” category has always been treated as events/attractions, rather than things you find entertaining (I don’t necessarily agree, but that sort of made the split understandable for me). Having a grandfathered no-AF Savor, I’ve always treated that category as a “nice to have” but YMMV if something doesn’t code properly.
The official list from Capital One: “Ticket purchases made at 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. This excludes golf courses, collegiate sporting events and non-industry entertainment merchant codes like cable, digital streaming and membership services.”
Typically, that list has been a good guideline for me. The two that have contradicted (in theory) was an exhibition basketball game back in February (sold through a college campus on Ticketmaster and got the 4%) and reloading to Apple’s iTunes/App Store balance. Its MCC is “record store” (probably a holdover from the old days of iTunes being just a music store).
Considering how it’s a bit hard to really rack up a big yearly amount on streaming in general, they should just add it permanently and guarantee some continuous monthly spend.
I’m hoping it’s already started, as my HBO Max renewal went through today (I’ll check once it posts—it didn’t count for Freedom last month, probably because it’s new and wasn’t on their very narrow list). For the other streaming services, I’ll move things over next month when that ends on the Freedom.
I assume they still won’t accept product change to these cards? I have a Quicksilver I very rarely use.
I have this savor card and AF will be posted in a few days ( first year) I seldom use the card except the required $3000 plus initial spending to get the bonus. I heard that the card has no way to be downgraded to no fee card, I also read that someone mentioned that they wouldn’t even refund the AF once posted, even if you cancel it? Is this true? Should I cancel the card before AF post ? Thanks for any insight.
I was going to downgrade, but they offered to waive my AF after posting so I kept it another year. It’s pretty much useless now since I’m getting 4.5% with a different dining card.
Thanks for the info. Good to know ,
What card are you getting 4.5% on?
Oh funny. I just randomly saw your reply today. Otherwise it would have taken me ages to reply since I don’t usually check this thread out. US Bank Altitude Reserve has 4.5% dining until end of year.
The language about annual fee (printed on all of my Capital One Savor statements) says: “If a Renewal Notice is printed on this statement, you may avoid paying an annual membership Fee by contacting Customer Service no later than 45 days after the last day in the Billing Cycle covered by this statement to request that we close your account. To avoid paying a monthly membership Fee, close your account and we will stop assessing your monthly membership Fee.”
I have gotten that renewal notice on the statement 1 month before the statement on which the annual fee would be charged. So based on that, I’d think you could get the annual fee refunded even if you cancel as late as 14 – 15 days after the annual fee hits. But I’d probably just try to do it sooner rather than later. It’s safer to prevent the fee from posting in the first place.
It doesn’t seem like you need to wait until the annual fee hits before you cancel the card. With Capital One, I don’t think I’ve heard of needing to wait for the 13th month like you need to do with AMEX (in order to avoid being considered “rewards abuse”).
Capital One is a little strange with their product changes. You have to have an offer on your account (they always refer to it as an “upgrade offer,” regardless of which products you’re changing from and to). I don’t know what triggers an offer to be available, and how they decide which product you are allowed to change to.