Use Spotify? If you’re one of the 50 million subscribers that use the popular streaming music service, there’s a new offer that might be music to your ears.
Recently, Spotify teamed up with Capital One, the first-ever partnership with a credit card company, to combine the best of both worlds: cash-back rewards on a subscription service you may already use. You can earn a staggering 50% back on your Spotify Premium subscription by using your Capital One Quicksilver Cash Rewards credit card and Capital One QuicksilverOne Cash Rewards credit card to make purchases. To sweeten the deal, cardholders still earn the normal 1.5% rewards rate for Quicksilver/QuicksilverOne on eligible purchases.
This new offer is for cardholders that are current Spotify Premium users or those interested in taking out a new Spotify subscription. As long as you’re a cardholder and have purchased a subscription before April 30, 2018, you’re entitled to earn back great savings.
Let’s take a look at how much you can save while listening to your favorite music.
Spotify Premium Membership Overview
Spotify Premium is a subscription service that allows users some great benefits versus non-paying users, which include:
- Playing any song you choose,
- The ability to download music & listen offline,
- Uninterrupted, ad-free listening experience, and
- High-definition sound quality.
Sound good? If so, then you have to choose which Spotify Premium membership is right for you. Here is a brief overview of the Premium membership levels and costs:
- Spotify Premium for Students — $4.99/month,
- Spotify Premium — $9.99/month, and
- Spotify Premium for Family — $14.99/month.
As an example, if you purchase a regular Spotify Premium subscription at $9.99 per month with your Quicksilver/QuicksilverOne card, the annual cost comes out to $119.88. With the 50% cash back offer, you will receive $59.94 total back in the form of a statement credit at the end of the year. For Spotify Premium for Students, that’s $29.94/year in savings; Spotify Premium for Family saves a whopping $89.94/year. Those are some pretty substantial savings no matter which plan you choose!
Capital One Quicksilver and Capital One QuicksilverOne Cash Rewards Credit Card at a Glance
To take advantage of this offer, you must use either a Capital One® Quicksilver or Capital One QuicksilverOne Cash Rewards credit card to earn your rewards. Because these are rewards cards, they come designed with their own rewards structure.
In brief, here’s a side-by-side comparison of both cards:
|Capital One Quicksilver||Capital One QuicksilverOne|
|Spotify Premium Rewards Rate||Up to 50% of your annual Spotify Premium subscription||Up to 50% of your annual Spotify Premium subscription|
|Sign-up Bonus||$150 bonus after you spend $500 within the first three months.||n/a|
|Cash-back Rewards Rate||1.5% (unlimited)||1.5% (unlimited)|
|Qualifying Credit Requirements||Good to Excellent||Average|
As great as this offer is, there are a number of exclusions that disqualify the 50% cash back (but keep the 1.5% rate):
- Spotify purchases must be made through Spotify, not 3rd-party services (such as iTunes or Google Play),
- Mobile wallets or online services like PayPal or Apple Pay are disqualified,
- Spotify gift card purchases are not valid for this promotion, and
- Only monthly purchases of Spotify Premium are valid. Annual subscriptions, purchasing a year’s worth of Spotify Premium, are excluded.
Limited Time Offer: 3 Months Free Trial of Spotify Premium from Capital One
Unsure whether you should take the plunge and use Spotify Premium? Capital One has a related limited-time offer that might catch your attention.
Starting today and through June 15th, all Capital One cardholders — regardless of the type of card (i.e. credit or debit)— are eligible for a 3-month free trial of Spotify Premium. After the three months have elapsed, Capital One cardholders will be automatically enrolled at the regular subscription rate of $9.99/month.
This is in addition to the 50% cash back you could be receiving for using the Quicksilver and QuicksilverOne cards. Best of all, this cash back is automatically enrolled in the promotion. No registration is required.
Click here to learn more about this new trial offer.