Do you stream music on your train ride to work? If you have the Blue Cash Preferred® Card from American Express, you can now be rewarded for both activities.
- 6% cash back on select U.S. streaming services. This includes Hulu, Netflix, Spotify and Pandora.
- 3% cash back on transit. This includes rideshares, tolls, taxis, buses, trains and parking fees.
- Terms apply.
The card’s $95 annual fee isn’t changing, but it is losing its 3% bonus rewards on eligible U.S. department store purchases. A company spokesperson confirmed existing cardholders will continue to earn that rate until July 31. The card will still earn 6% back at U.S. supermarkets on up to $6,000 spent per year (then 1% back), as well as 3% back at U.S. gas stations. All other spending still earns 1% back. Terms apply.
The refreshed Blue Cash Preferred® Card from American Express comes with a welcome offer: a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months. Terms Apply.
Is it right for you?
A credit card offering elevated rewards on streaming is likely to appeal to many. According to a 2018 report by the Deloitte Center for Technology, Media & Telecommunications, the percentage of U.S. households subscribing to a paid streaming video service grew 450% — from just 10% in 2009 to 55% in 2017, with the exponential growth expected to continue.
But maybe you don’t do much streaming? Even still, if your biggest expenses are groceries and commuting to work, you would be hard-pressed to find a card more aligned with your needs than the Blue Cash Preferred® Card from American Express.Capital One® Savor® Cash Rewards Credit Card. It offers an unlimited 4% cash back on dining and entertainment, an unlimited 2% at grocery stores, and 1% on all other purchases. It doesn’t earn elevated rewards on transit or streaming services, though, and it comes with an annual fee of $0 intro for the first year, then $95.
Wells Fargo Propel American Express® card could be an option. Groceries aren’t a bonus category, but it does earn triple points on:
- Restaurant/bar dining and takeout.
- Gas stations, rideshares and transit.
- Travel including flights, hotels, homestays and car rentals.
- Streaming services such as Apple Music, Hulu, Netflix, Sirius XM radio, Pandora and Spotify Premium.
All non-bonus-category purchases earn 1 point back. Terms apply. The card’s annual fee is $0.