1.Scotia Momentum® Visa Infinite +* Card
Scotiabank
- 4%Cash back on grocery store purchases, recurring bill payments and subscription purchases
- 2%Cash back on gas and transit
- 1%Cash back on all other purchases
Earn 15% cash back on all purchases for the first 3 months (up to $2,000 in total purchases).
Earn 4% cash back on grocery store purchases, recurring bill payments and subscription purchases, 2% on gas and transit, and 1% on other purchases.
20.99%
22.99%
The Scotia Momentum® Visa Infinite + Card stands out as the top choice because it offers a generous 15% cash back on all purchases for the first three months, making it an excellent option for new cardholders looking to maximize their rewards quickly. With a strong cash back structure and a waived first-year fee, it provides significant value for everyday spending.
Pros:
- High cash back on groceries and subscriptions
- First-year annual fee waived
Cons:
- Annual fee applies after the first year
- Mixed reviews on Reddit regarding value
2.Scotiabank Gold American Express® Card
Scotiabank
- 6%Scene+ points on groceries, dining, and entertainment
- 5%Scene+ points on other eligible purchases
Earn up to 50,000 Scene+ points, including 30,000 points after spending $2,000 in your first 3 months.
Earn 6x Scene+ points on groceries, dining, and entertainment, and 5x points on other eligible purchases.
21.99%
22.99%
What sets the Scotiabank Gold American Express® Card apart is its exceptional earning potential, particularly for those who frequently spend on groceries and dining. With a welcome bonus of up to 50,000 Scene+ points and no foreign transaction fees, it is tailored for those who travel and dine out often.
Pros:
- High rewards on groceries and dining
- No foreign transaction fees
Cons:
- Annual fee applies
- Limited acceptance of Amex abroad
3.Tangerine Money-Back Credit Card
Tangerine
- 2%Cash back in customizable categories
- 0.5%Cash back on all other purchases
Earn an extra 10% cash back on everyday purchases up to $100 during your first 2 months.
Earn 2% cash back in up to three customizable categories and 0.5% on all other purchases.
20.95%
22.95%
The Tangerine Money-Back Credit Card shines for its flexibility, allowing cardholders to choose their preferred cash back categories. With no annual fee and a welcome bonus of 10% cash back for the first two months, it is an excellent choice for those looking to maximize their rewards without incurring costs.
Pros:
- No annual fee
- Customizable cash back categories
Cons:
- Lower cash back on non-customizable categories
- Limited to three categories
4.American Express Cobalt Card
American Express
- 5%Points on eligible eats and drinks
- 3%Points on streaming subscriptions
- 2%Points on travel and transit
Earn up to 15,000 Membership Rewards points in your first year, awarded at a rate of 1,250 points per month when you spend at least $750.
Earn 5x points on eligible eats and drinks, 3x on streaming, and 2x on travel and transit.
21.99%
21.99%
The American Express Cobalt Card is a top choice for foodies and travelers alike, offering an impressive 5x points on eligible eats and drinks. With a flexible rewards structure and a monthly fee that translates to significant annual costs, it is ideal for those who can maximize its benefits.
Pros:
- High earning potential on food and drink
- Flexible point transfers
Cons:
- Monthly fee can add up
- Limited acceptance of Amex
Did you know?
A no-fee credit card can beat a premium card if you do not use the extras. Match the card to your spend before chasing a bonus.
Final Words
As you explore the best credit cards for streaming services this August, remember to focus on rewards, fees, and benefits that align with your viewing habits. Take time to compare your options and make informed decisions to maximize your savings and enhance your streaming experience.
Frequently Asked Questions
The Scotia Momentum® Visa Infinite + Card offers a welcome bonus of 15% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Additionally, you earn 4% cash back on subscription purchases, making it a great option for streaming services.
With the Scotiabank Gold American Express® Card, you can earn up to 50,000 Scene+ points, including 30,000 points after spending $2,000 in your first 3 months. You earn 6x Scene+ points on groceries, dining, and entertainment, which can greatly benefit your spending on streaming services.
The Tangerine Money-Back Credit Card offers an attractive welcome bonus of an extra 10% cash back on everyday purchases up to $100 during your first 2 months. This can significantly enhance your rewards while subscribing to various streaming services.
Some credit cards designed for cashback on streaming services do come with annual fees, like the Scotia Momentum® Visa Infinite + Card and Scotiabank Gold American Express® Card, both charging CA$120. However, cards like the Tangerine Money-Back Credit Card have no annual fee, making them budget-friendly options.
When selecting a credit card for streaming services, consider the reward rates for subscription purchases, any welcome bonuses, and whether the card has an annual fee. Additionally, look for features like customizable categories and the ability to earn cash back or points on entertainment expenses.
To apply for a credit card that rewards streaming services, visit the card issuer’s website and complete the online application. You’ll need to provide personal information, financial details, and proof of income, and ensure you meet the eligibility criteria.
Yes, many credit cards allow you to earn points or cash back on all subscription services, including popular streaming platforms. Cards like the Scotia Momentum® Visa Infinite + Card specifically offer 4% cash back on subscription purchases, making them ideal for this purpose.
