News & Resources

7 Credit Cards That Reward You for Watching Netflix

April 22, 2021
8 mins
Overhead shot of a couple relaxing at home on their couch. The man is watching tv and the woman is surfing on her laptop.

Netflix grew by nearly 16 million global customers in the first three months of 2020 — adding to its already robust customer base, which was estimated to be 207.6 million at the end of March 2021. The streaming service offers an ever-growing library of entertaining content in over 30 languages, spanning 190 countries and endless genres.

Members can watch their favourite rom-com, docuseries, or horror flick from anywhere, at any time, with new releases every month. Netflix is even forging a new path with award-winning original content. It’s no wonder people can’t get enough.

However, members pay anywhere from $9.99 to $18.99 per month to access the service, adding up to around $119.88 to $227.88 per year.

Fortunately, some of the best credit cards in Canada offer cardholders cash back or points for these purchases specifically. Being a couch potato has never been so rewarding.

Learn which credit cards offer rewards for watching Netflix or redemption options that include subscription services.

Our top picks

Credit card

Rewards for Netflix

First-year value*

1. Scotiabank Gold American Express® Card

  • Get three Scotia Rewards points for every $1 spent on Netflix and select streaming services.

$1,024

2. Scotia Momentum® Visa Infinite* Card

  • Get 4% cash back for every $1 spent on subscription purchases like Netflix.

$717

Other excellent credit cards for subscription purchases

Credit card

Features or benefits

First-year value*

3. American Express CobaltTM Credit Card

  • Earn one point for every $1 spent on subscriptions.
  • Redeem rewards for almost anything, including streaming services.

$1,560

4. BMO eclipse Visa Infinite* Card

  • Earn one BMO Rewards point for every $1 spent on streaming services.
  • Get a $50 annual lifestyle credit to use however you want.

$862

5. TD Cash Back Visa Infinite* Card

  • Earn 3% in Cash Back Dollars on recurring bill payments like subscriptions.

$571

6. Tangerine Money-Back Credit Card
  • Earn up to 2% cash back for recurring bill payments.
$409
7. BMO CashBack® Mastercard®*
  • Earn 1% cash back on your first $500 in recurring bill payments each month.
$383

*The RATESDOTCA Best of Finance methodology assumes the cardholder spends an average of $2,000 a month on their card to determine the first-year value. The calculation includes all welcome bonuses and promotional offers at the time of publishing.

1. Scotiabank Gold American Express® Card

Scotiabank®* Gold American Express® Card

card image
Welcome bonus
$400
Scotia Rewards points
Annual rewards
$744
Scotia Rewards points
Annual fee
$120

Winner – Best Travel Card and Best Card for Snowbirds/Cross Boarder Shopping
Strong travel perks and 0% foreign transaction fees compliment great reward value
Details at a glance Collapse details
Welcome bonus
$400
Annual rewards
$744
Winner – Best Travel Card and Best Card for Snowbirds/Cross Boarder Shopping
Strong travel perks and 0% foreign transaction fees compliment great reward value
Details at a glance Collapse details

The Scotiabank®* Gold American Express® Card offers new cardholders up to 40,000 bonus Scotia Rewards points. Get 30,000 Scotia Rewards points when you make at least $1,000 in purchases within the first three months of opening the account. Get another 10,000 Scotia Rewards points if you spend at least $7,500 within the first 12 months.

Regular features and benefits of this card include:

  • Annual fee: $120
  • Annual fee for additional cards: $29
  • Earn five Scotia Rewards points for every $1 spent on eligible grocery, fast food, food delivery, food subscription, and entertainment purchases.
  • Earn three Scotia Rewards points for every $1 spent on eligible gas and daily transit purchases and select streaming services like Netflix.
  • Earn one Scotia Rewards point for every $1 spent on all other purchases.

This card also features travel benefits, including no foreign transaction fees, travel insurance, and the Best Price Guarantee on airfare through the Scotia Rewards Travel Service.

Offer expiry date: August 31, 2021

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2. Scotia Momentum® Visa Infinite* Card

Scotia Momentum® Visa Infinite* Card

card image
Welcome bonus
$153
Scotia Cash Back Rewards
Annual rewards
$564
Scotia Cash Back Rewards
Annual fee
$120
First Year Waived

Premium cashback card for families looking to save on groceries
Includes comprehensive travel insurance and rare mobile device insurance
Details at a glance Collapse details
Welcome bonus
$153
Annual rewards
$564
Premium cashback card for families looking to save on groceries
Includes comprehensive travel insurance and rare mobile device insurance
Details at a glance Collapse details

New cardholders of the Scotia Momentum® Visa Infinite* Card can get 10% cash back on all purchases for the first three months, up to $2,000 in total purchases. That is $200 cash back. Plus, Scotiabank will waive the annual fee for the primary and additional cardholders for the first year.

Regular features and benefits of this card include:

  • Annual fee: $120
  • Annual fee for additional cards: $50
  • Get 4% cash back for every $1 spent on groceries, recurring bill payments, and subscription purchases, including Netflix.
  • Get 2% cash back for every $1 spent on gas and daily transit purchases, including rideshare services such as Uber.
  • Get 1% cash back for every $1 spent on all other purchases.

Cardholders can access a wide range of coverage on this card, from travel to mobile device insurance.

Offer expiry date: August 31, 2021

3. American Express CobaltTM Credit Card

American Express CobaltTM Credit Card

card image
Welcome bonus
$525
AMEX Rewards points
Annual rewards
$1155
AMEX Rewards points
Annual fee
$120

Winner – Best Overall Rewards Card and Best Card for Young Professionals
Particularly great for individuals who live in the city, eat out often or order in.
Details at a glance Collapse details
Welcome bonus
$525
Annual rewards
$1155
Winner – Best Overall Rewards Card and Best Card for Young Professionals
Particularly great for individuals who live in the city, eat out often or order in.
Details at a glance Collapse details

The American Express CobaltTM Credit Card offers up to 30,000 Membership Rewards® points in the first year. Earn 2,500 Membership Rewards® points each monthly billing period you spend at least $500 in purchases on your card for the first 12 months.

Regular features and benefits of this card include:

  • Monthly fee: $10 ($120 per year)
  • Annual fee for additional cards: $0
  • Earn five Membership Rewards® points for every $1 spent on eligible restaurant and food delivery purchases in Canada.
  • Earn two Membership Rewards® points for every $1 spent on eligible travel and transit purchases.
  • Earn one Membership Rewards® point for every $1 spent on all other purchases, including streaming services.

Cardholders can get exclusive Cobalt Perks like bonus rewards and access to events. This card also features travel insurance, shopping coverage, and an extremely flexible reward program.

Offer expiry date: N/A subject to change without notice

4. BMO eclipse Visa Infinite* Card

BMO eclipse Visa Infinite* Card

card image
Welcome bonus
$284
BMO Rewards points
Annual rewards
$578
BMO Rewards points
Annual fee
$120
First Year Waived

Designed for the lifestyle of the urban digital millennial
Redeem points for travel or cashback, including "pay with points" on any purchase
Details at a glance Collapse details
Welcome bonus
$284
Annual rewards
$578
Designed for the lifestyle of the urban digital millennial
Redeem points for travel or cashback, including "pay with points" on any purchase
Details at a glance Collapse details

The BMO eclipse Visa Infinite* Card offers up to 40,000 bonus BMO Rewards points. Get 25,000 points when you spend at least $3,000 within the first three months of getting the card. Get an additional 15,000 points on your first anniversary. Plus, pay no annual fee for the first year.

Regular features and benefits of this card include:

  • Annual fee: $120
  • Annual fee for additional cards: $50
  • Earn five points for every $1 spent on grocery, restaurant, take-out, gas, and transit purchases.
  • Earn one point for every $1 spent on all other purchases, including Netflix, Disney+ and other streaming services.

Cardholders can earn 10% more rewards with an authorized user — 5.5 points for every $1 spent on groceries or gas and 1.1 points for every $1 spent everywhere else. This card also features a $50 annual lifestyle credit to use on streaming services or anything else you like.

Offer expiry date: October 31, 2021

5. TD Cash Back Visa Infinite* Card

TD Cash Back Visa Infinite* Card

card image
Welcome bonus
$79
TD Cash Back Dollars
Annual rewards
$492
TD Cash Back Dollars
Annual fee
$120
First Year Rebate

Winner – Best Cashback Card
Good cash back rewards value with the ability to redeem anytime
Details at a glance Collapse details
Welcome bonus
$79
Annual rewards
$492
Winner – Best Cashback Card
Good cash back rewards value with the ability to redeem anytime
Details at a glance Collapse details

New cardholders of the TD Cash Back Visa Infinite* Card can get 6% cash back on all purchases for the first three months, up to $2,000 in total purchases. Plus, pay no annual fee for the primary and additional cardholders for the first year.

Regular features and benefits of this card include:

  • Annual fee: $120
  • Annual fee for additional cards: $50
  • Earn 3% in Cash Back Dollars on eligible groceries, gas purchases, and recurring bill payments set up on the account, including subscriptions like Netflix.
  • Earn 1% in Cash Back Dollars on all other purchases.

This card also features a Deluxe TD Auto Club Membership for roadside assistance and basic travel insurance. Cardholders can also access exclusive Visa Infinite* benefits like hotels and experiences when travelling.

This offer is not available for residents of Quebec. For Quebec residents, please click here.

The Toronto-Dominion Bank (TD) is not responsible for the contents of this site, including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button.

Offer expiry date: May 30, 2021

6. Tangerine Money-Back Credit Card

Tangerine Money-Back Credit Card

card image
Welcome bonus
$0
Money-Back Rewards
Annual rewards
$309
Money-Back Rewards
Annual fee
$0

Bonus: $100 e-Gift card upon approval
Flexible no-fee cashback card with ability to choose what categories earn you the most cash back
No limits to cash back that can be earned
Details at a glance Collapse details
Welcome bonus
$0
Annual rewards
$309
Bonus: $100 e-Gift card upon approval
Flexible no-fee cashback card with ability to choose what categories earn you the most cash back
No limits to cash back that can be earned
Details at a glance Collapse details

The Tangerine Money-Back Credit Card offers a 1.95% promotional interest rate on balance transfers made in the first 30 days for six months. A 1% balance transfer fee does apply.

Plus, earn a $100 bonus e-Gift Card from RATESDOTCA upon approval for a Tangerine World Mastercard® or Tangerine Money-Back Credit Card until May 14, 2021.

Regular features and benefits of this card include:

  • Annual fee: $0
  • Annual fee for additional cards: $0
  • Earn 2% cash back in up to three Money-Back Categories of your choice. Start with two categories and earn the third when depositing rewards into a Tangerine Savings Account. Choose to earn rewards for recurring bill payments and earn 2% cash back on your subscription purchases.
  • Earn 0.50% cash back on all other purchases.

Get free additional cards for authorized users and earn rewards as a family.

Offer expiry date:

  • Tangerine offer: N/A subject to change without notice
  • RATESDOTCA offer: May 14, 2021

7. BMO CashBack® Mastercard®*

BMO CashBack® Mastercard®*

card image
Welcome bonus
$95
BMO Cash Back Rewards
Annual rewards
$288
BMO Cash Back Rewards
Annual fee
$0

Winner - Best credit card for newcomers to Canada
Cash back rewards include the freedom to redeem anytime
Details at a glance Collapse details
Welcome bonus
$95
Annual rewards
$288
Winner - Best credit card for newcomers to Canada
Cash back rewards include the freedom to redeem anytime
Details at a glance Collapse details

The BMO CashBack® Mastercard®* offers up to 5% cash back on purchases for the first three months. Conditions apply.

Cardholders can also access a 1.99% introductory interest rate on balance transfers for nine months. A 1% balance transfer fee does apply.

Regular features and benefits of this card include:

  • Annual fee: $0
  • Annual fee for additional cards: $0
  • Earn 3% cash back on your first $500 in grocery purchases each month.
  • Earn 1% cash back on your first $500 in recurring bill payments each month, including subscription services.
  • Earn 0.50% unlimited cash back on all other purchases.

Cardholders can save on car rentals at participating National Car Rental and Alamo Rent a Car locations.

Offer expiry date: October 31, 2021

Rates, product information, and reward estimates are subject to change at any time and do not constitute financial advice. This post was not sponsored. The views and opinions expressed in this review are purely those of RATESDOTCA. Information in this article is accurate as of the date of this posting, April 22, 2021. Read our full disclaimer.

Hayley Vesh

Hayley Vesh is a creative, resourceful, and knowledgeable content producer who is passionate about financial literacy, storytelling, and generating ideas. She writes about credit cards, savings, debt management, and personal finance. In her spare time, Hayley can be found wandering in the woods, hunting for second-hand treasures, or curled up with a steeped tea and a good podcast.

Find Hayley Vesh on LinkedIn.

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