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Depending on your subscription plan, the price hike adds up to an extra $24 or $36 you pay each year to the streaming service. Below, CNBC Select shares some ways to save on (and even benefit from) your Netflix subscription.
While you're unlikely to be happy about paying a higher monthly Netflix bill, it does mean you earn a bit more from that 6% cash back. Amex's cash back is earned in the form of Reward Dollars, which cardholders can then use as a statement credit to lower their credit card balance.
And with the U.S. Bank Cash+ Visa Signature Card, cardholders can choose to earn 5% cash back on two bonus categories each quarter, on their first $2,000 in combined eligible net purchases, then 1%. Television, internet and streaming services are counted as a bonus category and U.S. Bank's website lists Netflix as a sample qualifying merchant. Again, you can use this cash back to essentially lower your credit card bill.
T-Mobile has a "Netflix On Us" deal where qualifying cell phone plans get a free Netflix subscription. Those who aren't happy with their current cell phone provider should consider this benefit, which not only makes Netflix complimentary but also consolidates your streaming and cell phone bill.
Netflix allows you to pause your membership and come back to it. This can give you a break from the monthly subscription if you're looking to cut costs or if you're just not watching a particular show at the moment.
You just have to connect the bank account you use to pay your Netflix subscription to Experian Boost, and Experian will add your payments to your Experian credit file. Consumers can link positive payment data as far back as 24 months. Experian Boost also includes access to your FICO Score and Experian free credit monitoring that alerts you to changes on your credit report, such as new account openings in your name and balance updates.
Basic and Premium plan Netflix subscribers will now pay a little more each month for the streaming service. To help save on this cost, get a credit card that rewards streaming purchases, switch your phone plan to T-Mobile or take a pause on your subscription. And, while you're paying more for it, make sure that monthly Netflix bill is helping your credit with Experian Boost.
At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every personal finance article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of personal finance products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
How can I sign up for an Xfinity package with Netflix?
Xfinity packages with Netflix are only available in select markets at this time. To check availability, please visit xfinity.com.
How do I know if my Xfinity package includes Netflix?
If Netflix is included in your X1 package, it will be listed in the \"Bundled Services\" or the \"Regular monthly charges\" section of your bill.
I signed up for an Xfinity package that includes Netflix. How do I activate my Netflix account?
Launch the Netflix app on your X1 TV Box. Then, follow the prompts to either link your existing Netflix account to your Xfinity package or create a new Netflix account to be linked to your Xfinity package.
How do I find the Netflix app on my X1 TV Box?
You can either say \"Netflix\" into the Xfinity Voice Remote or you can go directly to the Netflix app by clicking on the Netflix tile found in the X1 apps menu.
I signed up for an Xfinity package that includes Netflix but never accessed the Netflix app on my X1 TV Box. Can I still create a new Netflix account or transfer an existing one as part of my package?
Yes. However, you must open the Netflix app on your X1 TV Box to activate the Netflix service included in your Xfinity package.
If you have an existing Netflix account and sign up for an Xfinity package with Netflix service, you'll continue to be charged separately for your Netflix account until you complete the activation process by using the Netflix app on your X1 TV Box.
How do I change my Netflix plan or account information?
You can change your Netflix plan at any time by signing in to netflix.com and visiting the Account page, then selecting Change Plan to view and select available plans.
What will happen to my Netflix account if I cancel my Xfinity service or change my Xfinity package?
For more information, see how to disconnect or downgrade Xfinity service with Netflix.
What happens to my Netflix account if I move?
Your Netflix subscription relationship is with Netflix directly, even if you signed up through Xfinity X1. Because of this, a move will not impact your subscription unless you are billed by Comcast, in which case, you will need to update your method of payment for Netflix.
Note: You'll need to sign in to Netflix again once you activate the boxes at your new address. If you move and no longer have Xfinity services, you will no longer be billed by Comcast and must update your payment method for Netflix or risk losing your Netflix Service.
If you have a previous, valid method of payment (credit or debit card, for example) on file with Netflix, Netflix will charge your previous method of payment. Contact Netflix to cancel your Netflix account after changing your service package with Comcast.
I accidentally linked the wrong Netflix account to my Xfinity package. What should I do?
If you accidentally connect the wrong Netflix account to your Xfinity package, please sign out of the Netflix app on X1 and please contact us.
How does Netflix affect internet data usage?
Video in the Netflix app on Xfinity X1 is streamed over the internet. For this reason, usage of the Netflix app on X1 and all other programming and content from the internet on X1, as well as, the internet apps on X1 are subject to Xfinity Internet data usage policies.
To determine what amount of usage you can expect for a given hour of streaming, Netflix provides estimates on its website. Netflix estimates about 1 GB of data per hour for each stream of standard definition video, and up to 3 GB per hour for each stream of HD video.
Will my Netflix user settings carry over to X1 or Flex?
Yes. Existing Netflix customers who use their Netflix login information when logging in through the Netflix app on X1 or Flex will see their current Netflix settings.
Why is Netflix programming displaying in letterbox?
If you signed up for a Netflix standard definition (SD) package, the Netflix content will appear in SD in the letterbox format, even if you are an Xfinity HD customer. In order to get rid of the letterbox view, you must change your Netflix subscription to a package that includes HD.
Over the weekend, Netflix subscribers in Canada as well as local Canadian media noticed that the option to sign up for the streaming service's lowest-priced ad-free tier was no longer available to them. Instead, new or returning subscribers were only offered access to Netflix's "standard with ads" plan, which in the U.S. costs $6.99 a month, or its more expensive standard subscription, which costs $15.49 each month.
Netflix has updated its Canadian website to reflect the new plan options for users. The change removes the "basic" plan, which, for U.S. subscribers, comes in at the sweet spot of $9.99 per month. The basic plan allows users to have an ad free experience for an extra $3 each month, compared to the standard with ads plan. It also saves users $5.50 per month if they didn't need to access Netflix on two-devices at the same time, which is what the more expensive standard plan offers.
Subscribers who still have that basic plan should hold on to it. According to Netflix's website, it won't force current basic plan subscribers in Canada off of it as of now. Those users can keep the plan, provided they don't cancel it. Once a user does cancel that basic plan though, it will no longer be an option for them if they choose to resubscribe.
"The Basic plan is no longer available for new or rejoining members," reads the Netflix Canada help page. "If you are currently on the Basic plan, you can remain on this plan until you change plans or cancel your account."
At this time, it appears that the removal of the basic plan is only for Netflix's users in Canada. However, as Gizmodo points out, country-specific changes that Netflix makes often signals that it's in a testing phase for a potential wider roll out. The company tested out its password-sharing crackdown in regions like South America prior to rolling out the policy worldwide.
And, as unpopular some of these decisions from Netflix have been, they appear to be working for the company. Earlier this month, a report found that Netflix had its biggest boost in subscriptions on the days where it first stopped users from sharing their Netflix account passwords.
As you've probably noticed, Netflix has undergone a number of significant changes in the past year. The oldest and most widely-used streaming service around, in 2022, Netflix added a new Basic with Ads plans and upped the price of their Basic, Standard, and Premium plans considerably. Suffice to say, many folks are thinking about downgrading (or upgrading) their Netflix account in light of these changes, so we're here to tell you how to do it.
Netflix now offers four plans ranging from $6.99 all the way up to $19.99 per month. Different plans come with different perks, so you'll need to choose the pricing tier that fits best with your lifestyle and budget. Is video quality important to you? Do you need the ability to download content for offline viewing? It's important to ask yourself these questions before settling on a particular plan. To make things easier, we've also broken down the four options below.
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