How to save on your streaming services

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Hulu’s prices increase from October 1, 2021 – but luckily not by much.

The cheapest plan (with ads) will cost $ 6.99, up from $ 5.99 per month. The ad-free plan is $ 12.99, up $ 1 from $ 11.99 per month. And if you want the ad-free annual plan, you’ll now pay $ 69.99 per year, down from $ 59.99.

While none of these changes are drastic, streaming services continue to get more expensive as more Americans cut the cord. According to a JD Power survey, the average American family now has four to five different streaming services, with an average collective bill of $ 55 per month in June 2021. This is an increase from $ 38 in April 2020.

While $ 55 a month might not be a disaster for your budget, there are several ways to lower that bill, without giving up on your favorite binge-worthy shows.

Here are four ways to save money on your streaming services.

Here’s how you can save money on streaming services

1. Condense and consolidate

If you’re like the average American family, with subscriptions to four or five streaming services, maybe it’s time to cancel a few. Chances are you favor one or two over the others.

Take a few minutes to analyze the time you spend on each platform, and you might find that you can cut at least one of your budget. You might have decided to subscribe to watch a new series everyone’s talking about, but you haven’t come back much since the season finale. You can cancel your subscription while you wait for the show to return with new episodes; and in some cases the streaming service will allow you to suspend the service for a period of time.

2. Share your subscriptions with your friends and family

This might not be a new tip, but it’s a good reminder if you aren’t already sharing information with your friends and family. In fact, 88 million Americans borrow credentials, according to CordCutting.com.

Many subscription services offer the ability to add multiple users to a single account, and in many cases it’s cheaper per person.

For example, the basic Netflix plan costs $ 8.99 per month, but only allows one user. The Premium plan costs $ 17.99 and can be used by four people at a time. By splitting the Premium plan with three other people, the effective cost is $ 4.50 per person per month.

And with mobile payment apps like Venmo and Zelle, it’s incredibly easy to quickly ask your fellow streamer for $ 5 each month.

3. Consider changing your mobile phone provider

Several mobile phone providers, including Verizon, have promotions that give you free access to streaming platforms just by being a customer.

Verizon offers several cell phone plans, depending on your needs and budget. Inexpensive plans give users free access to Disney + and Apple Music. And the more expensive plans give you free access to Hulu, Disney +, ESPN +, and Apple Music.

T-Mobile has a similar offer, where you can get a free Netflix subscription with qualifying mobile phone plans.

If you get a good deal on your cell phone bill, it might not be worth changing. But if you want to make a change, check out the benefits that mobile providers offer so you can potentially consolidate your streaming and mobile bill with just one tap.

Don’t miss our story on how to reduce your cell phone bill by up to 50%.

4. Consider a credit card with rewards for streaming service purchases

With the right credit card, you can earn points for free travel or cash back on your monthly streaming bills.

Here are some of our favorite cards for streaming services:

The Amex Blue Cash Preferred Card is a great choice if you subscribe to multiple streaming services. Cardholders can earn 6% cash back on select US streaming subscriptions as well as 6% cash back at US supermarkets up to $ 6,000 per year in purchases (then 1%), 3 % Cash Back at U.S. Gas Stations, 3% Cash Back on Public Transit, including Taxis / Carpools, Parking, Tolls, Trains, Buses and more, and 1% Cash Back on other purchases. Conditions apply.

There is a huge range of subscription services that fall under the 6% cash back category, including Apple TV +, Prime Video, and Spotify. You can see the full list in our article on how to maximize the credit card rewards you can earn when you sign up for a new streaming service.

Plus, the card offers a great welcome offer: earn $ 300 after spending $ 3,000 on purchases on your new card during the first six months of card membership. You will receive the $ 300 back as a credit on the statement.

The card has an annual launch fee of $ 0 for the first year, then $ 95 (see rates and fees).

American Express Blue Cash Preferred® Card

On the secure American Express site

  • Awards

    6% cash back in US supermarkets up to $ 6,000 per year in purchases (then 1%), 6% cash back on select US streaming subscriptions, 3% cash back in stores US gas stations, 3% off public transportation including taxis / carpooling, parking, tolls, trains, buses and more and 1% cash back on other purchases. Cash back is received in the form of reward dollars which can be redeemed as a credit on the statement.

  • Welcome bonus

    Get a $ 300 credit on your statement after spending $ 3,000 on purchases with your new card in the first 6 months.

  • Annual subscription

    $ 0 annual start-up fee for the first year, then $ 95

  • Introduction APR

    0% for the first 12 months on purchases, N / A for balance transfers

  • Regular APR

    13.99% to 23.99% variable

  • Balance transfer fees

  • Foreign transaction fees

  • Credit needed

Another great cash back card is the Capital One SavorOne Cash Rewards credit card. With this card, you can earn 3% cash back on meals, entertainment, popular streaming services, and grocery stores, plus 1% on all other qualifying purchases.

When you sign up for the card, you can earn a one-time cash bonus of $ 200 once you spend $ 500 on purchases within the first three months of opening the account.

The card has no annual fee.

Capital One SavourOne Cash Rewards credit card

Capital One® SavorOne® Cash Rewards credit card information was independently collected by Select and was not reviewed or provided by the card issuer prior to posting.

  • Awards

    3% cash back on meals and entertainment, 3% on qualifying streaming services, 3% at grocery stores and 1% on all other purchases

  • Welcome bonus

    Earn a one-time $ 200 cash bonus after spending $ 500 on purchases within 3 months of opening the account

  • Annual subscription

  • Introduction APR

    0% introductory APR for the first 15 months of opening your account

  • Regular APR

    15.49% to 25.49% variable

  • Balance transfer fees

    3% for APR promotional offers; none for balances transferred to the regular APR

  • Foreign transaction fees

  • Credit needed

If you prefer to earn points for traveling, the US Bank Altitude Connect card is a great choice.

You can earn 4X points per dollar spent on travel and gas stations, 2X points per dollar spent at grocery stores, grocery delivery, restaurant and streaming services, and 1X point per dollar spent on all other purchases eligible.

In addition, the card comes with a $ 30 credit for annual purchases of streaming services such as Netflix, Apple TV +, Spotify® and more.

When you sign up for the card, you can earn 50,000 bonus points when you spend $ 3,000 in the first 120 days. These points are worth up to $ 500 in gift cards, travel and other redemptions.

The card has an annual launch fee of $ 0 for the first year and then $ 95.

US Bank Altitude® Connect Visa Signature® card

On the secure site of US Bank

  • Awards

    Earn 4X points on trips and at gas stations; 2X points in grocery stores, grocery delivery, restaurant and streaming services; 1X point on all other eligible purchases

  • Welcome bonus

    Earn 50,000 bonus points when you spend $ 3,000 on qualifying purchases within the first 120 days of account opening ($ 500 value)

  • Annual subscription

    $ 0 annual introductory fee the first year, then $ 95 *

  • Introduction APR

  • Regular APR

    15.99% to 23.99% (variable) *

  • Balance transfer fees

    Either 3% of the amount of each transfer or $ 5 minimum, whichever is greater

  • Foreign transaction fees

  • Credit needed

At the end of the line

It’s no surprise that Hulu has raised its prices as consumers continue to cut the cord of their traditional cable or satellite providers. Americans are consuming more content than ever before and love that they can watch at their own pace. But with all new technology, the costs go up. And the more you can cut those costs and find easy ways to save, the more money you can spend towards meeting your financial goals.

To find out the rates and fees for the Blue Cash Preferred card, click on here

Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.


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