Can you get annual
streaming service perks
with credit cards?
Many rewards credit cards target everyday spending categories such as buying groceries, filling up your gas tank, and booking travel. Now, some credit card issuers are tapping into the streaming service market by offering perks and benefits for cardholders who are also avid streamers.
While you may not find a specific “streaming credit card,” you can find cards that offer statement credits if you set up automatic payments to the streaming service providers. Other cards may designate streaming services as a bonus spending category for earning rewards.
Learn more about credit cards with streaming service credits and rewards, and how they work.
Do credit cards offer streaming service credit or rewards?
You’re most likely to find streaming credit card perks on cash back or rewards cards that focus on rewarding everyday spending categories. But you may also find that cards that are more travel-focused offer opportunities to earn statement credits if you use those cards as your streaming service payment method.
With so many streaming services available, consider checking with your credit issuer to see if the streaming services you subscribe to are included in their rewards offering. In most cases, if streaming services is a bonus category, you can expect that well-known streaming services are covered but the eligibility may not extend to smaller, more niche streaming service platforms.
Credit cards with streaming service credit offers may only apply to a specific streaming service or two. Be sure to read the fine print to learn how it all works. For example, you may have to pay annually for the credit to apply, or you may have to register or activate the benefit.
Credit cards with streaming service rewards and how they work
There are two main ways that streaming service credit card benefits work.
Statement credits for streaming services
Credit cards that offer a statement credit for specific streaming services typically require you to set up autopayments using the card. In some cases, you may receive a partial statement credit on the monthly fee for a specified period of time, or up to a certain threshold each year.
The card may also specify that you get a percentage or dollar amount off if you make a one-time annual subscription payment using the card. Or you may need to make a certain number of consecutive monthly payments.
These kinds of promotions tend to work only with a specific streaming service carrier rather than applying to several at once.
Rewards for streaming services
Some cards allow you to earn rewards on eligible streaming service purchases. Common bonus categories offered on some credit cards include gas, groceries, travel, and dining, and many cards have now added streaming services to their offers.
Bonus categories may offer two, three, or more points per dollar spent in that category, while other purchases earn one point per dollar. In some cases, there could be a cap on how much you can earn in a given bonus category per month, quarter, or year. Other cards may allow for unlimited earnings.
Cash back for streaming services
Some cash back credit cards have bonus spending categories, which may include streaming services. That means for every dollar you spend on streaming services, you’ll receive a certain percentage back—often 2% or 3%. Depending on the card, you may be able to apply the cash back as a statement credit or redeem it in other ways such as for gift cards.
Minimum spending requirements
Any time a credit card offers rewards or benefits, it’s important to check the eligibility terms, conditions, and exclusions. For example, in order to earn a statement credit on streaming services, you may have to meet a minimum spending requirement. It could be that you have to spend a certain amount of money per calendar year to earn the credit, or you may have to make a number of consecutive monthly payments on the streaming service (for instance, 6 or 12 months).
Summary
If you subscribe to multiple streaming services and you’re in the market for a new credit card, it’s worth exploring cards that can help you offset the cost of your viewing and listening habits. Whether it’s a statement credit or the chance to earn cash back or rewards on your streaming service spend, many credit cards can reward you for your binge-watching habit. Consider that benefit, along with other card features that are important to you as you search for a new card.
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