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Streaming service content is on the rise, and so are the credit cards that offer rewards for them. There are quite a few to choose from, some with annual fees and some without, some that offer cash back or miles, and some with a variety of useful benefits.
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Credit cards that offer rewards for popular streaming services like Netflix and Hulu have been turning up more and more. And just in time, too.
Between Disney’s new Marvel and Star Wars lineups, HBO’s box office movie deals, Amazon’s upcoming Lord of the Rings series, and the slew of series and movies Netflix has been churning out, it’s safe to say the age of streaming is in full swing. But unfortunately, each one requires its own subscription plan. Meaning another monthly charge withdrawn from your bank account.
If you, like me, are (for better or worse) a fan of all of this new content, your monthly bill is probably getting a little higher than you’d like. With the cards compiled here, you could get a little money back for your binge-watching habits.
|Highest Reward Rate||Blue Cash Preferred® Card from American Express (Review)|
|Rotating Reward Categories||Chase Freedom Flex℠ (Review)|
|Streaming Benefits||U.S. Bank Altitude® Go Visa Signature® Card (Review)|
|Flat-Rate Cash Back||Citi® Double Cash Card – 18 month BT offer (Review)|
Eligible streaming services usually include, but may not be limited to:
|Apple TV+||TIDAL Music|
To find which services are eligible for your credit card, you can check the card issuer’s website, read the terms that came with your card, or contact customer support.
And while it does have an annual fee, its other bonus categories do a good job of covering for it. Between the rewards you’ll earn from streaming, U.S. supermarket purchases, and U.S. gas station purchases, you should be able to cover it pretty easily. Redeem that cash back for statement credits and you’ll likely barely notice that fee.
Even if you have just two streaming services that sit around $15 per month for a total of $30, you’d get $1.80 back in your pocket. Now that may not seem like much, but over the course of a year that adds up to $21.60, which covers almost a month of subscriptions. And if you, like me, have more than just two streaming subscriptions, you’ll get even more back.
If your credit card has bonus categories for grocery stores, gas stations, department stores, or anywhere else that sells gift cards, but not for streaming services, there’s a way you can still earn good rewards for your favorite platforms.
If you head to the grocery store, for example, and buy a Netflix gift card, your reward rate at grocery stores will typically apply to the purchase. That means you’ll effectively be getting your grocery store reward rate for Netflix. This trick applies to any gift card the store might carry.
Blue Cash Preferred® Card from American Express (Rates & Fees)
Every quarter you’ll get a new selection of 5% cash back reward categories. They cover a wide array of purchases, which can occasionally include select streaming services. This can be a very rewarding card for streaming, when that category becomes available. Outside of those three months, however, you’ll only earn 1% cash back for your streams.
Some subscription services let you prepay for the full year, or half the year, at a time. That means if you choose a card with rotating categories, when the streaming services category comes around, you could pay for more than just one month at a time in order to maximize your rewards.
As of February 2021, HBO will let you prepay for six months, Hulu lets you pay for a year, and you can pay for a full year of Amazon Prime which includes Amazon Video.
Once a year you’ll get a $15 credit you can put towards your streaming service bill. You’ll need to use your card to pay for a streaming service for 11 consecutive months in order to qualify, however. But once you hit that mark, you’ll have $15 less to worry about. It’s a unique aspect to a pretty solid (literally, this card is metal!) credit card.
In addition to the annual streaming credit, you’ll earn 2X points per dollar on eligible streaming services. Your points are worth 1 cent, so that works out to a 2% cash back equivalent. If your streaming bill is $30, that means you’d earn $7.20 for the whole year. That would increase to $22.20 once you factor in the annual streaming credit.
The U.S. Bank Altitude Go is a Visa Signature card, so it’ll likely come with a selection of shopping and travel protections among other perks. However, U.S. Bank doesn’t specifically disclose what those will be. Below are the benefits we can say for sure will come with your card. For the others, you’ll need to check your Guide to Benefits that comes with your card.
That’s what makes flat-rate cards so useful. Not only can they be decently rewarding no matter your spending habits, with no bonus categories to keep track of, but they also pair well with other cards. If you choose a rotating categories card or a rewards card with specific bonus categories, you can pair it with a flat-rate card to make sure you earn good rewards for every purchase.
If you use this card for your $30 bill for 12 months, you’d walk away with $7.20 in your pocket.
Streaming perks are rare, but the U.S. Bank Altitude® Go Visa Signature® Card (Review) features the best benefit for streaming. It offers an annual $15 streaming credit, provided you pay for 11 consecutive months of a streaming subscription.
Another option is the Journey Student Rewards from Capital One (Review), which provides a one-time $60 streaming credit. It’s broken up into $5 per month for 12 months, provided you pay your bill on time.
It depends on your particular card and issuer, but eligible streaming services may include: Netflix, Hulu, Amazon Video, Disney+, ESPN+, HBO Max, YouTube TV, Spotify, Apple Music, and Audible.Read more Best Cash Back Credit Cards of April 2021
For rates and fees of the Blue Cash Preferred® Card from American Express, please click here.
Evan graduated from SUNY Oswego with a degree in journalism and creative writing. In his professional writing career, he strives for precision and comprehension in his work. He’s written news articles, blog posts, and copy, working across a slew of different mediums. With in-depth research and great care for accuracy and detail, he now works to bring you the most up-to-date credit information.
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