Americans rely more on streaming for their entertainment needs than traditional television, according to a report by Horowitz Research.
With streaming becoming more of a mainstay in the typical household budget, credit card rewards for streaming services offer the chance to earn bonus rewards on popular services.
How rewards credit cards work
Credit card rewards can provide an excellent way to get some value back when you make purchases. Depending on the card, you can use these rewards to get cash back, book travel, buy gift cards and merchandise and more.
The structure of a credit card’s rewards program can vary, but many cards offer extra cash back, points or miles when you make everyday purchases in select categories. As streaming services become more popular, more and more credit card issuers are offering credit card rewards for streaming services as bonus categories.
Credible breaks down some of the best credit card options available, specifically if you’re interested in rewards programs. Check it out here.
So whether you’re using Netflix, Spotify, Amazon Prime, Hulu or any of the other countless streaming services, having the right credit card can help you maximize the value you get back on those purchases.
One of the top credit cards for streaming, for instance, is the Blue Cash Preferred Card from American Express. It offers a whopping 6 percent cash back on select U.S. streaming services, which is effectively a nice discount when you get the rewards in the form of a statement credit.
The pros and cons of getting a rewards credit card
If you’re thinking about getting a new credit card, it’s important to compare multiple card options before you apply. Visit Credible to view some of the top rewards credit cards based on your preferences and pick the best one for you.
Also, if you already have a rewards credit card, look to see if you can cash in on your rewards for some “free money.”
Credit card rewards can be a great way to capitalize on everyday purchases you’re going to make anyway. However, there are also some potential downsides you should be aware of.
The main benefit of a rewards card is that you can get value back every time you use your card, and as long as you pay your bill on time and in full every month, you’ll never pay a dime in interest…Read more>>