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The best credit cards for earning bonus rewards on streaming services, from Netflix to Amazon Prime Video

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 Summary List Placement

The best credit cards for streaming services:

  • 6% cash back on select US streaming services:Blue Cash Preferred® Card from American Express
  • Best for rotating 5x categories in Q1 2021: Chase Freedom Flex℠
  • Best for cash back with no annual fee: Wells Fargo Propel American Express® card
  • Earn bonus rewards on several spending categories: U.S. Bank Cash+™ Visa Signature® Card
  • Best for Amazon Prime Video: Amazon Prime Rewards Visa Signature Card
  • Best for Apple TV+: Apple Card

The coronavirus has drastically changed our day-to-day life, and especially now that much of the country is dealing with frigid temperatures, most of us are spending more time at home than ever. For most people, that means a change to their credit card spending and travel rewards strategy.

If you're watching Netflix, Hulu, or another streaming service while you're stuck at home, consider using a credit card that earns bonus rewards on streaming services. There are several great options, including cards that earn bonus travel points on streaming services and some that earn cash back.

 

Best for maximum cash back:

American Express Blue Cash Preferred® Card from American Express

Streaming service earning: It's hard to beat a rate of return of 6% cash back on any type of purchase, let alone streaming services, but that's just what this card offers on US streaming subscriptions from select providers including Amazon Music, Apple TV+, Audible, Disney+, HBO Now, Hulu, iHeartRadio, Netflix, Prime Video, Showtime, Sling TV, SiriusXM, and YouTube Premium, among others. You can find the full list here.

Welcome bonus:$250 statement credit after you spend $1,000 in the first 3 months from account opening

Annual fee: $95 (waived the first year if you apply by 12/10/2020)(See Rates)

 

Other benefits: This card has to be one of the top all-round cash-back earners since it also accrues 6% cash back at US supermarkets on up to $6,000 in purchases per year (then 1% back), plus 3% cash back at US gas stations and on transit, including taxis, rideshares, parking, tolls, trains, and buses. It earns 1% back on everything else.

Best for rotating 5x categories in Q1 2021:

Chase Freedom Flex℠

Steaming service earning: The Chase Freedom Flex℠ (and the Chase Freedom®, which is no longer available to new applicants) earn 5% back (5x points) on the first $1,500 spent in categories that rotate each quarter when you activate (then 1x). From January 1 to March 31, these categories are select streaming services, wholesale clubs, and internet, cable, and phone purchases.

Eligible streaming services with the Chase Freedom Flex℠ are Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, and YouTube TV. 

Welcome bonus: $200 Bonus after you spend $500 on purchases in your first 3 months from account opening

Annual fee:None

 

Other benefits: The Chase Freedom Flex℠ also offers 5% back (5x points) on travel purchases made through the Chase travel portal, 3% back (3x points) on dining and at drugstores, and 1% back (1x points) on everything else. Although it's marketed as a cash-back card, the Chase Freedom Flex℠ actually earns Chase Ultimate Rewards points, which you can redeem for cash, travel, gift cards, and more.

Best for cash back with no annual fee:

Wells Fargo Propel American Express® card

 

Streaming service earning: Don't forget about this great no-annual-fee card that earns an excellent 3x points (equivalent to 3% cash back) on a huge variety of purchases including the following popular streaming services: Apple Music, Hulu, Netflix, Pandora, Sirius XM Radio, and Spotify Premium.

Welcome bonus:20,000 bonus points when you spend $1,000 in purchases in the first 3 months from account opening

Annual fee: $0

 

Other benefits: This card doesn't have any caps on the number of points you can earn, even on bonus purchases, which sets it apart from many other cash-back products. As does the fact that its 3x categories include gas stations, rideshares, transit, flights, hotels, homestays, car rentals, and both eating out and ordering in. 

Earn bonus rewards on several spending categories:

U.S. Bank Cash+™ Visa Signature® Card

Streaming service earning: The U.S. Bank Cash+™ Visa Signature® Card is a bit interesting in that cardholders can earn 5% cash back on the first $2,000 spent on qualifying purchases in two combined categories that they designate each quarter. They can select a third category in which to earn unlimited 2% cash back. One of the possible 5% categories is TV and internet streaming services.

Welcome bonus: Earn a $200 rewards bonus after you spend $500 on purchases within the first 90 days of account opening.

Annual fee:$0

Other benefits: This card's earning structure is what makes it stand out. Not only is the potential of 5% cash back excellent, but its $2,000-per-quarter cap is also relatively high, as is an uncapped 2% category. The 5% categories include department stores, home utilities, furniture stores, movie theaters, gyms, ground transport, clothing stores, and electronic stores, fast food, and cell phone providers. The 2% categories include solid choices like grocery stores, gas stations, and restaurants. With a little bit of strategy, this card can be a blockbuster earner.

Best for Amazon Prime Video:

Amazon Prime Rewards Visa Signature Card

 

Streaming service earning: Earn 5% back at Amazon, including annual Amazon Prime membership and its access to Amazon's extensive original and licensed content.

Welcome bonus: Get a $100 Amazon gift card instantly upon approval.

Annual fee: $0, but you must be an Amazon Prime member to qualify, so you're looking at either $12.99 per month, or $119 per year

Other benefits: Cardholders also earn 5% back at Whole Foods and then 2% back at restaurants, gas stations, and drugstores, then 1% back on all other purchases. They can redeem their cash back for Amazon.com purchases.

Best for Apple TV+: Apple Card

Streaming service earning: This relative newcomer earns 3% back on Apple purchases including items from iTunes, the App Store, and subscriptions to Apple Music and Apple TV+. Cash back is earned in the form of Daily Cash, which you can use to pay for purchases via Apple Pay.

Sign-up bonus: None

Annual fee: $0

Other benefits: The card earns 3% back on Uber, UberEATS, at Walgreens and Duane Reade, in T-Mobile stores and at Nike, then 2% cash back on Apple Pay purchases and 1% on everything else. Even more interesting, the card does not charge over-the-limit or late fees, which should give some consumers a little bit of extra breathing room.

Some cards offer bonus rewards on internet, too

If you're thinking of upgrading your internet service or simply want to earn rewards on that expense too, keep in mind that several business credit cards offer bonus points on this category. For example, the Ink Business Cash℠ Credit Card from Chase earns 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable, and phone services each account year (then 1% back).

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