Streaming services have become a staple in many households, and with so many options, finding the best value is key. Paramount+ is currently offering a promotional deal for new and returning subscribers: two months of access for just $2.99 per month. This offer, valid until March 31st, 2024, presents a fantastic opportunity to binge-watch your favorite shows without breaking the bank.

Maximizing Your Rewards on Streaming Subscriptions

While the Paramount+ deal is already a steal, you can amplify your savings by strategically using your credit cards. Here's how:

  • Utilize Bonus Category Cards: Many credit cards offer bonus rewards on specific spending categories, such as streaming services or entertainment. Check your card's rewards program to see if your Paramount+ subscription qualifies for extra points, miles, or cashback. For example, the Chase Freedom Flex often has rotating categories, and you might find streaming services included. The Discover it card also frequently features similar bonus categories.
  • Leverage Statement Credits: Some credit cards offer annual statement credits for streaming services. For example, certain American Express cards provide credits that can be used towards services like Paramount+, effectively reducing your out-of-pocket cost. Check your card benefits to see if you're eligible for this perk.
  • Consider Flat-Rate Cashback Cards: If you don't have a card with bonus categories for streaming, a flat-rate cashback card is a solid alternative. These cards offer a consistent percentage back on all purchases, including your Paramount+ subscription. Even a small percentage like 1.5% or 2% can add up over time.
  • Don't Forget About Subscription Management Tools: RewardSmart can help you track your streaming subscriptions and identify opportunities to optimize your spending. By connecting your accounts, you can easily see which cards you're using for each subscription and ensure you're earning the maximum rewards possible. RewardSmart can also help you identify overlapping subscriptions to cancel and save even more money.

A Practical Example

Let's say you have a credit card that offers 5% cashback on streaming services. By using that card to pay for your two-month Paramount+ subscription at $2.99 per month, you'll earn approximately $0.30 in cashback. While this may seem like a small amount, it's a simple way to get extra value from a deal you were already planning to take advantage of. Plus, those small amounts accumulate over time across all your spending.

Act Now, Reap the Rewards

The Paramount+ offer is only valid until March 31st, 2024, so don't delay! Take advantage of this discounted price and maximize your credit card rewards by using a card with bonus categories, statement credits, or a flat cashback rate. Remember to use RewardSmart to track your subscriptions and optimize your spending for maximum savings and rewards.