Love streaming services? These credit cards are for you

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If you spend big on streaming services such as Apple Music, NBA League Pass, YouTube Premium and Spotify, you could earn bonus rewards from select credit cards.

As more people are staying inside due to the pandemic, streaming services are becoming a more common rewards category offered by credit cards. Here are some of our favorite credit card picks for earning cash back or statement credits for streaming services.

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Should I get a credit card for streaming services?

Love streaming services? These credit cards are for you

It’s hard to recommend a card based purely on it’s streaming service earning potential. Most consumers don’t spend much on streaming, so points you earn this way will likely make up a small portion of your overall rewards. We recommend prioritizing your pick based on a category that will maximize the value of your most common spending, and looking at the streaming category as a secondary bonus.

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What does the best credit card for streaming services look like?

Love streaming services? These credit cards are for you

While its rare to find a “best” card in the credit card market, an ideal pick will feature:

  • A valuable rewards program
  • Additional perks or protections

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How to choose a credit card for streaming services

Love streaming services? These credit cards are for you

Most credit cards that offer rewards on streaming services cater to everyday purchases. As such, you’ll want to compare a few finer details when making your choice:

  • What streaming services are included? Not all credit cards that offer rewards on streaming will cover every available service. You’ll want to check the fine print on the provider’s site to see which streaming services are eligible.
  • Do you have a preferred loyalty program? You’ll find most credit cards for streaming services are plugged into a specific rewards program. If you’re already an invested member of a particular program, you might consider choosing a card that earns you additional points for your account.
  • Is the category temporary? Most reward cards don’t offer points for streaming services as a baseline category. If you want the category as a permanent feature, you’ll have to slim down your options and pick appropriately.
  • What are the earning rates? Finally, you’ll want to pick a card that earns you the most points in the category you spend on most. Even if a card earns a lot of points on streaming services, you might find better value with a card that has a higher rate on a more common spending need.

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Which credit cards offer rewards for streaming services?

Love streaming services? These credit cards are for you

Many providers have been adding streaming services to their credit card reward categories in recent months. These changes are largely in response to shifting spending brought on by the pandemic. While some cards offer rewards for streaming services on a short-term basis, others gained the feature permanently.

Here’s a look at the current lineup of cards that offer some form of rewards on streaming services:

Chase Sapphire Reserve

Until Sept. 30, 2020, earn 10x points on select streaming services on up to $1,500 in spending.

Chase Sapphire Preferred Card

Until Sept. 30, 2020, earn 5x points on select streaming services on up to $1,500 in spending.

Capital One Savor Cash Rewards Credit Card

Until Sept. 30, 2020, earn 4% back on select streaming services.

Capital One SavorOne Cash Rewards Credit Card

Until Sept. 30, 2020, earn 3% back on select streaming services.

Blue Cash Preferred Card from American Express

Earn 6% cash back when you spend on select U.S. streaming services. This could effectively give you Netflix rewards, as well as rewards for Hulu, Spotify, Apple Music and others.

Wells Fargo Propel American Express Card

Earn 3x points on popular streaming services such as Apple Music, Hulu, Netflix and Spotify.

U.S. Bank Cash+ Visa Signature Card

Earn 5% cash back on your first $2,000 in purchases combined each quarter in two categories of your choice, then 1%. You can choose TV, Internet and streaming services as one of those categories. Merchants include Hulu, Netflix, Apple Music, Spotify and more.

The Platinum Card from American Express

Until Dec. 31, 2020, earn up to $20 per month in statement credits when you use your card to pay for qualifying US streaming subscriptions.

Amazon Prime Rewards Visa Signature Card

Though it doesn’t technically possess a streaming category, Amazon Prime does possess a streaming service. Paying for your Amazon Prime membership with your card will earn you 5% back.

U.S. Bank Altitude Go Visa Signature Card

You’ll earn 2x points on select streaming services with this everyday spending card.

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Methodology

Love streaming services? These credit cards are for you

We compared credit cards with rewards and benefits toward streaming services, and we selected the cards that offered the best combination of these perks.

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Best card for rewards on multiple streaming services

Love streaming services? These credit cards are for you

Blue Cash Preferred Card from American Express

The premier card for cash back on day-to-day spending, the Blue Cash Preferred Card from American Express permanently gained streaming services as a category in 2019. Not only is the category permanent, but the Blue Cash Preferred Card from American Express earns a whopping 6% back on eligible streaming services. This makes it a terrific choice if you pay for more than just one streaming service, as you’ll get that big earning rate on each eligible service.

Image Credit: American Express.

Best luxury card for streaming

Love streaming services? These credit cards are for you

The Platinum Card from American Express

While the The Platinum Card from American Express isn’t the only luxury card to offer some form of reward on streaming, it does have the longest lasting offer at the moment. You can earn up to $20 a month in statement credits on streaming services and wireless phone services until December 2020. That statement credit is $20 each, so if you pay for your streaming service and phone bill with the same card, that’s up to a $40 value each month.

Image Credit: American Express.

Best flexible rewards card for streaming

Love streaming services? These credit cards are for you

U.S. Bank Cash+ Visa Signature Card

The U.S. Bank Cash+ Visa Signature Card allows you to choose two categories each quarter to earn 5% back on up to $2,000 in combined purchases. After reaching the cap, you’ll earn 1% back in these categories. Of your choices, you’re able to pick TV, Internet and streaming services for one of your categories. Since you’ll earn 5% back on up to $2,000 in combined purchases each quarter, this means you can choose your other category based on how much spending you can expect to get you close to that cap.

Image Credit: U.S. Bank.

Best travel card for streaming rewards

Love streaming services? These credit cards are for you

Wells Fargo Propel American Express Card

We love the Wells Fargo Propel American Express Card thanks to its combination of power and simplicity. It earns a flat 3x points on dining, gas, transit, travel and streaming services, and 1x points on everything else. It also comes with a 20,000 bonus point welcome offer after you spend $1,000 in your first three months, a 0% intro APR and no annual fee. The one tradeoff here is Wells Fargo’s rewards program doesn’t allow point transfers to travel partners.

Image Credit: Wells Fargo.

Best dining card for streaming

Love streaming services? These credit cards are for you

U.S. Bank Altitude Go Visa Signature Card 

A new kid on the credit card block, the U.S. Bank Altitude Go Visa Signature Card was designed specifically for the new consumer spending habits brought on by COVID-19. As such, it includes all the reward categories that other providers are “patching” onto their cards. But this card goes beyond that, emerging as the new leading dining card on the market by earning 4x points on dining, takeout, delivery and even bars, on top of other reward categories, for no annual fee.

Image Credit: U.S. Bank.

Frequently asked questions

Love streaming services? These credit cards are for you

How do I check whether a streaming service qualifies for bonus rewards?

On most card homepages, you’ll see a link to the card’s benefit terms. There, you’ll often find a list of services that fall under bonus categories, or a link to a website where you can learn more.

What kind of cashback card should I consider if I don’t want a card that offers bonus rewards on streaming subscriptions?

Consider a flat-rate cashback card, which offers the same rewards rate on every purchase, regardless of category. The PayPal Cashback Mastercard is an excellent choice, offering 2% cash back on all spending.

Do I have to pay an annual fee for a streaming-service credit card?

Many of these credit cards don’t have annual fees. However, others may come with annual fees of around $95.

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Bottom line

Love streaming services? These credit cards are for you

There are several credit cards that offer bonus rewards on streaming-service spending. If you have relatively low spending on streaming services, you might get more out of a general cashback credit card.

This article originally appeared on Finder.com and was syndicated by MediaFeed.org.

Image Credit: Deposit Photos.

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