1.Scotia Momentum® Visa Infinite* Card
Scotiabank
- 4%Cash back on groceries and recurring payments
- 2%Cash back on gas and daily transit
- 1%Cash back on all other purchases
Get 10% cash back on up to $2,000 in purchases in the first three months.
Earn 4% cash back on groceries and recurring payments, 2% on gas and daily transit, and 1% on all other purchases.
The Scotia Momentum Visa Infinite Card stands out as the top choice because it offers an impressive 4% cash back on groceries and recurring payments, making it ideal for everyday spending. With a generous welcome bonus and comprehensive travel insurance, it provides exceptional value for those who prioritize cash back rewards.
Pros:
- High cash back rates on groceries and recurring payments
- Comprehensive travel insurance included
Cons:
- Annual fee applies after the first year
- Cash back rates drop after certain spending limits
2.American Express Cobalt Card
American Express
- 5%Points on eats/drinks/groceries
- 3%Points on streaming
- 2%Points on travel/transit
- 1%Points on all other purchases
Earn up to 15,000 Membership Rewards points in the first year.
Earn 5x points on eats/drinks/groceries, 3x on streaming, and 1x on other purchases.
What sets the American Express Cobalt Card apart is its exceptional earning potential, particularly with 5x points on dining and groceries, making it a favorite among foodies and frequent diners. The flexibility in redeeming points for travel or statement credits adds to its appeal, ensuring cardholders can maximize their rewards.
Pros:
- High earning potential on everyday spending
- Flexible redemption options for points
Cons:
- Monthly fee can add up
- Not ideal for those who prefer no annual fees
3.Scotiabank Gold American Express Card
Scotiabank
- 6%Scene+ points on groceries
- 5%Scene+ points on dining and entertainment
- 3%Scene+ points on gas/transit
- 1%Scene+ points on all other purchases
Earn up to 45,000 Scene+ points with a first-year annual fee waiver.
Earn up to 6x Scene+ points on groceries, dining, and entertainment.
This card shines for its robust earning potential, particularly with 6x Scene+ points on groceries, making it an excellent choice for those who frequently shop at supermarkets. The first-year fee waiver and comprehensive travel insurance further enhance its value, making it a top contender for rewards seekers.
Pros:
- High rewards on groceries and dining
- No foreign transaction fees
Cons:
- Annual fee applies after the first year
- Requires good credit for approval
- 5%Cash back on groceries
- 4%Cash back on transit
- 3%Cash back on gas
- 2%Cash back on recurring bills
- 1%Cash back on all other purchases
Get $40 bonus cash back per month for the first 12 billing cycles.
Earn 5% cash back on groceries, 4% on transit, and 3% on gas.
A key differentiator is the BMO CashBack World Mastercard's impressive 5% cash back on groceries, making it a standout option for families and frequent shoppers. The monthly cash back bonuses provide a significant incentive for those who can meet the spending requirements.
Pros:
- High cash back rate on groceries
- Flexible redemption options
Cons:
- Annual fee applies
- Requires minimum spending to maximize bonuses
5.Tangerine Money-Back Credit Card
Tangerine
- 2%Cash back in chosen categories
- 0.5%Cash back on all other purchases
Earn 10% cash back on up to $1,000 in purchases in the first 2 months.
Earn 2% cash back in up to three categories and 0.5% on all other purchases.
The standout feature here is the flexibility of choosing cash back categories, allowing cardholders to tailor their rewards to their spending habits. With no annual fee and a generous welcome bonus, it’s an excellent choice for those looking to maximize their cash back without incurring extra costs.
Pros:
- No annual fee
- Customizable cash back categories
Cons:
- Lower cash back rate on non-category purchases
- Limited to three categories for 2% cash back
6.Scene+ Mastercard
Scotiabank
- 6%Points on groceries
- 5%Points on dining and entertainment
- 3%Points on gas/transit
- 1%Points on all other purchases
Earn up to 10,000 bonus Scene+ points in the first 3 months.
Earn up to 6x points on groceries and entertainment.
This card excels in providing high rewards on everyday purchases, particularly with 6x points on groceries, making it a fantastic option for those who frequently shop at supermarkets. The no annual fee structure and flexibility in redeeming points for various rewards further enhance its attractiveness.
Pros:
- No annual fee
- High rewards on groceries and entertainment
Cons:
- Limited to specific retailers for higher rewards
- Points may expire if account is inactive
Final Words
When selecting the best credit card for streaming services, it's essential to evaluate the rewards and benefits that align with your spending habits. Take time to compare your options to ensure you're making an informed decision that maximizes your rewards and enhances your streaming experience.
Frequently Asked Questions
The Scotia Momentum® Visa Infinite* Card offers a welcome bonus of 10% cash back on up to $2,000 in purchases in the first three months. It also provides 4% cash back on groceries and recurring payments, 2% on gas and daily transit, and 1% on all other purchases.
The American Express Cobalt Card allows you to earn up to 15,000 Membership Rewards points in the first year. You earn 5x points on eats, drinks, and groceries, 3x on streaming, and 1x on other purchases.
With the Scotiabank Gold American Express Card, you can earn up to 45,000 Scene+ points with a first-year annual fee waiver. The card offers up to 6x Scene+ points on groceries, dining, and entertainment.
Yes, some of the top credit cards for streaming services do have annual fees. For example, the American Express Cobalt Card has an annual fee of CA$191.88, while both the Scotia Momentum® Visa Infinite* Card and the Scotiabank Gold American Express Card have no annual fees.
When selecting a credit card for streaming services, consider factors such as reward rates on streaming purchases, annual fees, and any introductory bonuses. Look for cards that align with your spending habits to maximize rewards.
Yes, many credit cards offer flexibility in redeeming rewards. You can often use points or cash back to cover streaming service subscriptions or other purchases, depending on the card's rewards program.
Eligibility for credit cards in Canada typically includes being a resident, having a good credit score, and meeting minimum income requirements. It's important to review the specific terms and conditions of each card before applying to ensure you qualify.
