Heads up! We share savvy shopping and personal finance tips to put extra cash in your wallet. iMore may receive a commission from The Points Guy Affiliate Network. Please note that the offers mentioned below are subject to change at any time and some may no longer be available.
While Apple Card is not necessarily known for having the most generous rewards program, one specific reward has stood out, and that is the 3% cash back on all purchases made at Apple. That category not only includes your new iPhone, iPad, or Mac, but on Apple's services too. Apple Music, iCloud storage, Apple News+, and Apple TV+ will all earn you 3% cash back when you use your Apple Card to pay for them.
The streaming rewards
While it seemed like Apple had its advantage in this category locked in, another credit card company has come along to unseat it before it could even get moving. American Express has announced that new and existing cardholders of its American Express Blue Cash Preferred® Card (opens in new tab) will now earn 6% cash back on select U.S. streaming subscriptions.
What does this mean? Well, it means that if you subscribe to Apple Music and pay for your subscription with the Blue Cash Preferred® Card from American Express, you'll earn 6% cash back. That's double what Apple Card is offering, and by far the best rate from any credit card currently on the market. The Blue Cash Preferred® Card has just made itself known as the card to beat when it comes to earning rewards on Apple Music. While this cash back benefit doesn't extend to any additional Apple services, there are several others that are eligible including Spotify, Amazon Prime Video, Prime Music, Audible, HBO Now, Hulu, Netflix and more (opens in new tab). There's no cap on these rewards, so you will be free to earn as much as possible every year.
If you're looking for the best earnings you can find on your streaming subscriptions, this card can't be beat right now.
All the cash back
This card gets you 6% cash back on U.S. streaming services, 6% cash back at U.S. supermarkets (up to $6,000 per year then 1%), 3% cash back at U.S gas stations and on transit, and 1% cash back on all other purchases. You'll earn a valuable welcome bonus to the tune of a $250 statement credit after you spend $1,000 within the first 3 months. There is also a 0% intro APR on purchases and balance transfers for 12 months, then a variable APR, 15.24% to 26.24%.
Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.
I have this card, works well for groceries and gas. I'm not wanting to take away from this post's intent but it's not the *best* card for most streaming purchases IMHO. That card is the Citi Costco VISA card - fee free when combined with a $60 Costco membership beats the $95 per year fee for this AMEX card. Costco regularly puts iTunes cards on sale for a 10-15% discount, on top of the regularly-discounted price ($5 off). I buy cards when the price is at least 15% if I need a small amount but buy a couple of $100 cards when they hit the $79.49 price point, and I snag 4 more bucks off with my Executive Membership when I pay with the Citi card. I pay for Netflix/Hulu and a few other services with these iTS cards. A 19-24% discount beats 6% IMHO.
The Apple Card seems more appealing if it has no fees, since you'd have to charge $1583 on the AmEx card just to break even.
FYI, there's a bit more to it than that simple breakdown. One, there's a $250 bonus for a minimum spend - not a small ask at $3k but easy to attain for those looking for a card like this. Second, the warranty perks associated with this card are excellent IMHO. And, my AMEX BCP has around 100 "special offers" in all types of rotating categories - hotel rooms, clothing, sunglasses, food, auto parts stores and that list changes regularly. I made two $20 payments on my DirecTV account and received a $35 credit. I bought some Tervis cups and got a $15 credit. I made a payment to my VZW account and received a $40 credit. And $45 back on FuboTV. All on purchases or payments I would have made anyway, all just this year alone in 4 months. This card works for me, just not a deal for my streaming situation.
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