We’re all stuck at home during the coronavirus pandemic. And let’s be honest: We’re all watching a little more Netflix and Hulu than we should be. That’s OK.
Although it’s no time to travel, it’s a great time to earn some extra points and miles for future trips – or save some money on your streaming services. Banks have made that much easier with some recently introduced benefits on some of the most popular travel rewards credit cards.
So that begs the question: Are you using the right credit cards to maximize your benefits and lower your costs? Let’s take a look at your best options for paying for Netflix, Hulu, Disney+, Spotify, and more.
Platinum Card from American Express
The American Express Platinum Card is one of the best premium travel credit cards out there. But the majority of the card’s benefits are only useful when travel is possible.
Earlier this month, Amex rolled out a number of new non-travel related benefits to many of their top travel cards. And that includes a new $20 per month credit to use towards streaming services. The credit will be issued each month through the end of 2020 and is intended to help offset some of the card’s $550 annual fee.
Nearly every major streaming platform for TV, movies, and music is included. For a full list, visit the American Express website. Streaming purchases will earn 1x point per dollar spent, and you can use the full $20 on multiple services. But if you don’t use it, you’ll lose it. It doesn’t roll over each month.
In addition to the $20 streaming credit, cardholders will also get a $20 per month credit to use towards their cellular phone bill, and a $200 credit to use towards a future travel booking at amextravel.com.
Click Here to learn more about the Platinum Card from American Express.
Capital One Venture Rewards Credit Card
Through June 30, you can redeem Capital One Venture miles for online streaming platforms, restaurant takeout, and food delivery services.
And it works just the same as redeeming Venture miles toward travel. Just put the purchase on your Capital One card, and after the purchase posts (typically within a few days), use miles to cover the cost using “Cover Your Purchases.” From there, you can redeem miles on a list of eligible purchases using the Purchase Eraser feature.
Just as with travel purchases, miles are worth 1 cent each on food and streaming services. So your $12.99 Netflix bill can be covered with just 1,299 Venture miles.
And regardless of what spending you put on your Capital One Venture card, it will earn 2x miles per dollar spent.
Click Here to get more information about the Capital One Venture Rewards Credit Card.
The Blue Cash Preferred Card from American Express
Not everybody values points and miles. So if earning cashback on your streaming subscriptions is a priority, look no further than the Amex Blue Cash Preferred Card. It earns 6% cashback on U.S. streaming subscriptions.
In addition, it earns 6% cashback at U.S. supermarkets on up to $6,000 of purchases each year and 3% cashback per dollar spent at both U.S. gas stations and transit including taxis/rideshare, parking, tolls, trains, buses, and more.
Click Here to learn more about the Blue Cash Preferred Card from American Express
U.S. Bank Cash Rewards Visa
If your spending patterns vary throughout the year, the U.S. Bank Cash + Visa Signature Card is worth a look.
The card offers a sign-up bonus of $150 after spending $500 within the first three months of card membership. When you hold the card, you’ll earn 5% cashback on up to $2,000 in combined purchases each quarter on two categories of your choice. You can adjust your flexible 5% categories each quarter.
That means if you selected streaming services as one of your categories, you would earn 5% cashback on all of those purchases.
You’ll also earn 2% cashback on one everyday category like gas or groceries, and 1% cashback on all other purchases. The card also has no annual fee.
Click Here to learn more about the U.S. Bank Cash + Visa Signature Card (this is not an affiliate link).
Wells Fargo Propel American Express Card
The Wells Fargo Propel credit card is another great travel rewards credit card that earns 3x points per dollar spent on streaming services, at restaurants, and gas stations.
The card has no annual fee, and you’ll also earn 20,000 bonus points after spending $1,000 in the first three months of card membership.
Click Here to learn more about the Wells Fargo Propel Credit Card (for full disclosure this is not an affiliate link).
If you are spending money on streaming services, give one of these credit cards a look. They can either provide you with a credit to make them cheaper or accelerate your ability to earn points and miles (or cashback) for a future trip.