1.Scotia Momentum Visa Infinite Card
Scotiabank
- 4%Cash back on groceries and recurring bill payments
- 2%Cash back on gas, transit, and Ubers
- 1%Cash back on all other purchases
Get 10% cash back on up to $2,000 in purchases in the first three months. Plus, pay no annual fees in your first year.
Earn 4% cash back on groceries and recurring bill payments; 2% cash back on gas, transit, and Ubers; and 1% back on everything else.
The Scotia Momentum Visa Infinite Card stands out as the top choice because it offers an impressive 4% cash back on groceries and recurring bill payments, making it ideal for everyday spending. Additionally, the first year is free of annual fees, providing excellent value for new cardholders.
Pros:
- High cash back on groceries and recurring payments
- No annual fee in the first year
Cons:
- Annual fee after the first year
- Limited to specific categories for high rewards
2.American Express Cobalt Card
American Express
- 5%Points on eligible eats & drinks
- 3%Points on eligible streaming subscriptions
- 1%Points on all other purchases
Earn up to 15,000 Membership Rewards® points by earning 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 on your Card.
Earn 5 points for every CA$1 on eligible eats & drinks including eligible restaurants, bars, cafes, grocery stores, and food delivery in Canada.
What sets the American Express Cobalt Card apart is its exceptional earning potential, particularly for food-related purchases, allowing cardholders to earn 5 points for every dollar spent at restaurants and grocery stores. This makes it a favorite among foodies and frequent diners.
Pros:
- High rewards on dining and groceries
- Flexible points redemption options
Cons:
- High annual fee
- Requires a minimum spend to maximize rewards
3.Tangerine Money-Back Credit Card
Tangerine
- 2%Cash back in customizable categories
- 0.5%Cash back on all other purchases
Get a 10% welcome bonus in first 2 months up to CA$100.
Earn 2% cash back in up to three customizable categories + 0.5% back on all other purchases.
The standout feature of the Tangerine Money-Back Credit Card is its flexibility, allowing users to choose their preferred cash back categories, which can lead to significant rewards for those who spend strategically. This makes it an excellent choice for budget-conscious consumers.
Pros:
- No annual fee
- Customizable cash back categories
Cons:
- Lower cash back rate on non-category purchases
- Limited to three categories
4.Scotiabank Gold American Express Card
Scotiabank
- 6%Scene+ points at select grocery stores
- 5%Scene+ points on groceries
- 1%Scene+ points on all other purchases
Earn 45,000 bonus Scene+ points for new clients who spend CA$2,000 within the first 3 months.
Earn 6 Scene+ points per CA$1 spent at Sobeys, Safeway, FreshCo and more; 5 Scene+ points per CA$1 spent on groceries.
This card shines for its high earning potential on grocery purchases, making it a top choice for frequent shoppers. The Scotiabank Gold American Express Card also offers valuable travel rewards, enhancing its appeal for those who travel often.
Pros:
- High rewards on grocery purchases
- No foreign transaction fees
Cons:
- Annual fee
- Requires a minimum spend for the welcome bonus
- 3%Cash back on eligible purchases
- 1.25%Cash back on all other purchases
Get up to CA$650 in value including CA$40 cash back each month in your first year.
Earn 3% cash back on eligible purchases and 1.25% on all other purchases.
A key differentiator for the BMO CashBack World Card is its robust cash back structure, offering 3% on eligible purchases, which is among the highest in the market. This card is particularly appealing for those who want to maximize their cash back rewards.
Pros:
- High cash back on eligible purchases
- Significant welcome bonus
Cons:
- Annual fee
- Higher interest rates
Final Words
As you evaluate the best credit cards for streaming services this May 2026 in Canada, remember that selecting a card with rewards tailored to your spending habits can maximize your benefits. Take time to compare your options carefully and make informed decisions that align with your lifestyle and financial goals.
Frequently Asked Questions
Get 10% cash back on up to $2,000 in purchases in the first three months. Plus, pay no annual fees in your first year.
Earn 4% cash back on groceries and recurring bill payments; 2% cash back on gas, transit, and Ubers; and 1% back on everything else.
Earn up to 15,000 Membership Rewards® points by earning 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 on your Card. Additionally, earn 5 points for every CA$1 on eligible eats & drinks including eligible restaurants, bars, cafes, grocery stores, and food delivery in Canada.
Get a 10% welcome bonus in the first 2 months up to CA$100. You can also earn 2% cash back in up to three customizable categories and 0.5% back on all other purchases.
Look for cards that offer higher rewards rates on streaming subscriptions. Additionally, consider any annual fees, welcome bonuses, and the flexibility of earning rewards based on your spending habits.
Many cashback credit cards have no annual fee, making them accessible for most users. However, premium cards with higher rewards rates may charge annual fees, so assess your spending to determine if the extra rewards justify the cost.
Choose a credit card that offers bonus points or cash back specifically for streaming services. Regularly review your monthly spending to ensure you are using the right card for your purchases to maximize rewards.
