1.American Express Cobalt Card
American Express
- 5xMembership Rewards points on groceries, dining, drinks
- 1xMembership Rewards points on all other purchases
Earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in purchases on the card in the first 12 months.
Earn up to 5x Membership Rewards points on eligible everyday spending categories in Canada.
21.99%
21.99%
The American Express Cobalt Card stands out as the top choice because it offers exceptional earning rates on everyday spending, particularly in food and drink categories, making it ideal for those who frequently dine out or shop for groceries.
Pros:
- High point-earning multipliers on food and drink
- No minimum income requirement
Cons:
- Annual fee of CA$191.88
- High interest rates
2.Scotiabank Gold American Express Card
Scotiabank
- 5xScene+ points on groceries and dining
- 3xScene+ points on gas and transit
- 1xScene+ points on all other purchases
Earn up to 50,000 Scene+ Points with the first-year annual fee waived.
Earn 5x Scene+ points on groceries and dining, 3x on gas and transit, and 1x on all other purchases.
21.99%
22.99%
What sets the Scotiabank Gold American Express Card apart is its impressive earning potential on everyday purchases, especially for those who frequently shop for groceries and dine out, making it a strong contender for cash back enthusiasts.
Pros:
- No foreign transaction fees
- High rewards on groceries and dining
Cons:
- Annual fee of CA$120
- Limited to specific categories for high rewards
- 3%Cash back on top spend categories
- 2%Cash back on other eligible purchases
- 1%Cash back on all other purchases
Up to CA$600 in total value, including 10% cash back on bonus eligible purchases and first-year annual fee rebate.
Earn unlimited 3% cash back on your top spend categories and 2% on others.
21.99%
22.99%
The standout feature here is the TD Cash Back Visa Infinite Card's ability to provide high cash back rates on selected categories, making it a great choice for those who want to maximize their rewards on everyday spending.
Pros:
- High cash back on top categories
- First-year annual fee rebate
Cons:
- Annual fee of CA$139
- Limited to specific categories for higher cash back
- 5xBMO Rewards points on groceries, dining, gas, and transit
- 1xBMO Rewards points on all other purchases
Get up to 70,000 bonus points with the first-year annual fee waived.
Earn 5x points on groceries, dining, gas, and transit.
21.99%
23.99%
This card shines for its exceptional rewards structure, particularly for those who frequently spend on groceries and dining, making it a valuable addition to any rewards-focused wallet.
Pros:
- High rewards on essential categories
- First-year annual fee waived
Cons:
- Annual fee of CA$120 after the first year
- High cash advance interest rate
5.Tangerine Money-Back Credit Card
Tangerine
- 2%Cash back in user-selected categories
- 0.5%Cash back on all other eligible purchases
Earn an extra 10% cash back on up to $1,000 in purchases within your first 2 months.
Earn unlimited 2% cash back in up to three categories of your choice.
20.95%
22.95%
A key differentiator is the Tangerine Money-Back Credit Card's customizable cash back categories, allowing users to tailor their rewards to their spending habits, making it a top choice for those seeking flexibility.
Pros:
- No annual fee
- Flexible cash back categories
Cons:
- Lower cash back on non-selected categories
- Limited to three categories for 2% cash back
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 consider the best credit cards for streaming services this October, remember that evaluating rewards, fees, and perks is crucial for maximizing your benefits. Take time to compare your options to ensure you make an informed decision that aligns with your streaming habits and financial goals.
Frequently Asked Questions
Earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in purchases on the card in the first 12 months.
Earn 5x Scene+ points on groceries and dining, 3x on gas and transit, and 1x on all other purchases.
Earn unlimited 3% cash back on your top spend categories and 2% on others, with 1% cash back on all other purchases.
Many credit cards targeting streaming services come with annual fees, typically ranging from $0 to $200. It's essential to evaluate whether the rewards and benefits outweigh the fee based on your spending habits.
Look for cards that offer high rewards rates on streaming subscriptions and additional perks like sign-up bonuses or cash back on related purchases. Also, consider the annual fee and how often you use streaming services to maximize your rewards.
To maximize rewards, use your card for all streaming service payments and take advantage of bonus categories that may include dining or entertainment. Regularly review your spending to ensure you're leveraging the card’s highest rewards rates.
The application process generally involves filling out an online form with your personal information, employment details, and financial history. After submission, the issuer will review your application and inform you of their decision, which typically takes a few days.
