IT’S possible for consumers to slash hundreds of dollars off their streaming bills.
The money-saving perk comes along with a popular credit card from American Express.
Some Americans can get at least $275 in streaming savings (stock image)[/caption]
It comes thanks to the American Express Blue Cash Preferred Card[/caption]
Amex’s Blue Cash Preferred Card gives those who sign up for it a 6% cash back option on at least 30 streaming services, per its website.
This includes the largest platforms, like Apple TV+, Disney+, and Netflix.
Longtime customer Juan Ruiz has managed to save at least $275 annually thanks to the credit card, according to what he told Upgraded Points recently.
“Between YouTube TV for live sports, YouTube Premium for ad-free videos, Netflix for binge-watching, the Disney Bundle for family favorites, and Spotify for music, these monthly costs add up quickly,” Ruiz explained.
In total, he spends approximately $1,572 on YouTube TV and YouTube Premium alone with add-ons.
Thanks to the 6% cash back perk from the Amex Blue Cash Preferred Card saves Ruiz $94 on that.
The $24.99 monthly cost for Netflix Premium also brings in $18 cash back annually through the card.
For the Legacy Disney Bundle, which includes Disney+, Hulu, and ESPN+ for $21.99 monthly, it’s about $16 back.
BUDGET IN LINE
Another $14 cash back comes from the Spotify Family Plan of $19.99 monthly, and $12 for the HBO Max subscription of $16.99.
Not only is the cash back better on Ruiz’s finances, but keeping it all on one card keeps his budget organized.
“By making these payments on a single card, I can easily track my streaming expenses and see my rewards add up in real time,” he told the publication.
From the total of $154 saved on all of those services, it’s bumped to $275 using the $10 back in monthly statement credits for purchasing subscriptions on DisneyPlus.com, Hulu.com, and Plus.espn.com.
“Since my bundle subscription qualifies for this statement credit, I easily receive the total $120 value every year,” Ruiz added.
“In total, that means I find roughly $275 per year in annual value, all thanks to the Amex Blue Cash Preferred card.”
What’s a good credit score?
FICO, the most widely known credit scoring system, and its rival VantageScore both use a range of 300-850 points.
Below we list what’s considered a good and bad credit score, according to both systems.
FICO
- Poor: 300-579
- Fair: 580-669
- Good: 670-739
- Very good: 740-799
- Exceptional: 800 or above
VantageScore
- Very poor: 300-499
- Poor: 500-600
- Fair: 601-660
- Good: 661-780
- Excellent: 781-850
MORE BENEFITS
The card also offers 6% cash back on groceries, 3% on transit (trains, buses, parking, rideshare services), gas, and 1% on all other purchases.
Eligible cardholders also get 0% intro APR on purchases or balance transfers for 12 months from the time of the account opening.
It’s then a variable APR at 20.24% to 29.24%.
New card members can also get $250 in free money through an exclusive promotion going on right now.
After signing up, those who spend $3,000 in purchases on the new card within the first six months can get the statement credit.
The only potential downside to the Blue Cash Preferred Card is that it does have an annual fee.
For the first year, it’s $0, but then it’s $95 afterward.
Still, it’s far better than some annual fees like that of a new card from Chase Bank at nearly $800, but there are some sweet benefits.
American Express also rolled out some “major” perks for the first time in 40 years this summer.
