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Paying with a rewards credit card is one of the easiest ways to lower your monthly streaming bill.
For the past several years, I’ve been reviewing live TV streaming services. I’ve subscribed to the major services multiple times and always pay with a cash back credit card.
Best Credit Cards for Cash Back on Streaming Services
Most people probably spend between $50 and $100 a month on streaming TV and music, so it’s not a primary spending category like groceries or transportation.
For that reason, my two favorite credit cards for streaming services also have other valuable perks. Let’s get started!
Blue Cash Preferred® Card from American Express
The Blue Cash Preferred® Card from American Express awards 6% cash back on select U.S. streaming services. This is my #1 favorite card to pay for streaming TV and music.
The complete list of eligible services is available here. It includes:
- Apple Music
- Apple TV+
- AT&T TV Now
- CBS All Access
- HBO Max
- Prime Video
- Sling TV
- SiriusXM Streaming and Satellite
- TIDAL Music
- YouTube TV
If you spend $100 a month on eligible streaming services, that’s $1,200 a year. By using this credit card, you would earn $72 cash back over a 12-month period.
That’s below this card’s $95 annual fee, but that’s where the other bonus categories come in.
The Blue Cash Preferred® Card from American Express also offers 6% cash back at select U.S. grocery stores for up to $6,000 in purchases a year, then 1%.
On top of that, you earn 3% cash back at U.S. gas stations and on transit purchases.
If you spend regularly in all three of those bonus categories (streaming, grocery stores and transit), it’s very possible to earn $500 in cash back every year with this card.
And you can earn even more during your first year thanks to a generous welcome bonus. Learn more here.
PRO TIP: If you frequently switch streaming TV or music services, check Amex Offers from your account for limited-time deals. You may find offers like $10 off your first month of service.
Wells Fargo Propel American Express Card
If you don’t want a credit card with an annual fee, consider the Wells Fargo Propel American Express Card for your streaming purchases.
When you pay for eligible streaming TV or music services with the card, you earn 3x points.
Wells Fargo Propel’s list of streaming services that qualify for the bonus cash back is shorter than Blue Cash Preferred, but it includes Netflix, Hulu, Disney+, Apple Music, Prime Video and more.
With this card, 3x points also applies to major categories like restaurants, travel and transit purchases — including gas.
My favorite feature of this card is the free cell phone protection. When you pay your cell phone bill with this card, you can get up to $600 for cell phone damage or theft after a $25 deductible.
Wells Fargo Propel has a welcome bonus as well. Here’s how you can learn more about the card.
How These Cards Fit Into The Big 3 Strategy
The Blue Cash Preferred® Card from American Express and Wells Fargo Propel American Express Card are two great credit cards for cash back on streaming TV and music services.
Both cards have bonus cash back in other categories that make them excellent choices for my Big 3 Strategy.
The Big 3 is a credit card rewards strategy to earn the maximum amount of cash back. It requires three credit cards (Flexible, Fixed and Wild) that are selected based on your personal spending habits.
- Flexible: A credit card for primary flexible or variable expenses
- Fixed: A credit card for fixed expenses and purchases that don’t earn bonus cash back
- Wild: A credit card for purchases in a secondary flexible spending category
To learn more about The Big 3 and how this strategy can help you earn more cash back, read my step-by-step guide or the watch the YouTube video below.
More Michael Saves Articles You May Like:
- Best Rewards Credit Cards: Michael’s Picks
- Best Credit Cards to Use at the Grocery Store
- Why I Pay My Credit Card Bills Every Week
Michael Saves has partnered with CardRatings for our coverage of credit card products. Michael Saves and CardRatings may receive a commission from card issuers.