Instead of paying for your streaming services with a debit card, why not use a credit card that earns you cash back or rewards?
We’ll highlight the credit cards that offer the best rewards for streaming services or recurring bills, so you can sit back, enjoy the show, and rest assured you’re getting a great deal.
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Best credit cards to use for streaming services in Canada
Clearly, streaming services are here to stay – growing in variety and popularity, they've changed how we consume media, and will continue to evolve over time.
But streaming services aren't cheap. Sign up for two or three of these, and you'll be spending a good chunk of change every month.
One way to save on streaming service costs is to use the right credit card. Here are 5 cards that will give you between 2% and 4% back on your streaming service payments.
And one of them even has no annual fee.
| Credit card | Welcome bonus | Rewards | Annual fee and income requirements | Apply now |
|---|---|---|---|---|
| Scotia Momentum Visa Infinite Card |  $20 GeniusCash + 10% cash back for the first 3 months, first year free (terms) | * 4% cash back on recurring bills | * $120, waived for the first year * $60k personal, or $100k household | Apply now |
| Scotiabank Gold American Express | $60 GeniusCash + Up to 50,000 bonus points, first year free (terms) | * Up to 3% back on streaming services | * $120 * $12k personal | Apply now |
| BMO CashBack World Elite Mastercard | $150 GeniusCash + Up to $480 cash back in the first year, first year free (terms) | * 2% cash back on recurring bills | * $120, waived for the first year * $80k personal, $150k household | Apply now |
| American Express SimplyCash Preferred | 10% cash back for the first 3 months + $50 (terms) | * 2% cash back on all purchases, including streaming | * $119.88 * No income requirements | Apply now |
| Tangerine Money-Back Mastercard | $125 GeniusCash + 10% extra cash back for the first 2 months (terms) | * 2% cash back on recurring bills | * 0 * $12k personal | Apply now |
Scotia Momentum Visa Infinite
GC: $20
Streaming earn rate: 4%
The
Since it’s a premium card card, you’ll also get Visa Infinite benefits that include 11 types of insurance, access to the Luxury Hotel Collection, Dining Series, and Visa Infinite Wine tasting. And, if you have a Scotiabank Ultimate Package, the annual fee is waived every year.
All this sounds great, right? Unfortunately, you only get your cash back once a year (as a statement credit in November), and there’s a spending cap on the boosted earn rate. That said, it’s a generous one, which should be enough for most Canadians.
Scotiabank Gold American Express
×1 Award winner GC: $60
1x Award winner Streaming earn rate: 3%
If you prefer flexible rewards to cash back, then the
The card also includes a dozen types of insurance coverage, comes with 24/7 concierge service, and doesn’t charge a foreign exchange fee, making it a fantastic travel card. However, we should point out the $120 annual fee and remind you that not all retailers accept Amex.
BMO CashBack World Elite Mastercard
GC: $150
Streaming earn rate: 2%
The
The card has generous earn rates for groceries, transit, and gas, but these have a fairly low monthly spending cap. We’d expect better from a card with a $120 annual fee, but extra benefits like free roadside assistance, 13 types of insurance coverage, and World Elite benefits definitely help.
American Express SimplyCash Preferred
Streaming earn rate: 2%
Looking for a card with a flat cash back earn rate? The
As an Amex card, you'll also get Amex Offers, which include access to exclusive Front of the Line events, excellent insurance coverage, and a generous welcome bonus. However, remember that not all retailers accept American Express (no earning 4% back at Costco, for instance). Oh, and your rewards are only paid out once per year.
Tangerine Money-Back Mastercard
×1 Award winner GC: $125
1x Award winner Streaming earn rate: 2% back
Finally we have the no fee
This is a unique no fee cash back card in that you get to choose up to 3 bonus categories in which you'll earn 2% cash back.
You can choose 2 categories by default, but you'll get a 3rd bonus category if you have your cash back rewards deposited into a free Tangerine Savings Account. You’ve got lots of category options to choose from, and, yes, recurring bills (streaming services) is one of them.
As a no fee credit card, you won't find too many extra perks and the non-category earn rate is only 0.5%, but you do get extended warranty and purchase protection coverage, which are a nice bonus.
FAQ
Which credit card is best for Netflix payments?
The Scotia Momentum Visa Infinite card offers the highest rate of return for streaming services. When you set up recurring payments for Netflix (or any other service), you’ll get 4% back. Not bad!
Should I use a credit card for subscriptions?
Yes, if you’ve got a credit card that offers cash back for streaming services or recurring bills, you can get rewarded for any subscription.
Is it better to pay for subscriptions yearly?
Usually, companies offer a better deal if you pay for an annual subscription instead of monthly, but you should always do the math to see if it’s worth it.
creditcardGenius is the only tool that compares 126+ features of 229 Canadian credit cards using math-based ratings and rankings that respond to your needs, instantly. Take our quiz and see which of Canada's 229 cards is for you.
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