Amazon Rewards Visa Signature Card Review: Tiered Reward Benefits

Enjoy special perks with the Amazon Rewards Visa Signature Card.

Amazon, one of America’s largest retailers and the second company to breach the $1 trillion market cap mark behind Apple, doesn’t really need an introduction. But its credit cards, issued by Chase Bank, might. It offers two rewards cards — one for Prime members and one for non-members. Read on for a review of the non-Prime Amazon Rewards Visa Signature Card to see if it suits your financial needs.

Amazon Rewards Visa Signature Card at a Glance
Features: 
  • 15.99% to 23.99% APR
  • Shop with Points: Easily use rewards points on Amazon.com purchases
  • 3% back on Amazon and Whole Foods purchases; 2% on restaurant, gas station and drug store purchases; and 1% on everything else
Pros: 
  • No annual fee
  • No foreign transaction fee
  • $50 Amazon gift card upon card approval
Cons:
  • Return payment fee up to $37
Information accurate as of Sept. 17, 2018.

In This Review:

Related: How Much Is Amazon Worth?

What You Need to Know About the Amazon Rewards Visa Signature Card

The Amazon Rewards card provides useful benefits for shoppers, especially those who frequent Amazon and Whole Foods. No annual fee is always nice, but the APR rates for balance transfers might provide problems for those who want to move money around.

This card is best for: Frequent Amazon and Whole Foods shoppers.

The card features some useful money-saving rewards, though it is focused on purchases done through Amazon.

Find Out: The Best Store Credit Cards

Best Features of the Amazon Rewards Visa Signature Card

The tiered rewards system is arguably the card’s strongest feature. Even though it shines most when purchasing through Amazon and Whole Foods with 3 percent back in points, you still receive points for everyday purchases and 2 percent back on common purchases from restaurants, gas and drugstores. Plus, you can see your rewards balance during checkout at Amazon.com, which helps when you want to use your rewards on purchases from the online retailer. Other features include:

  • A $50 Amazon.com gift card once approved for the card
  • No foreign transaction fees
  • Travel accident insurance
  • Lost luggage reimbursement

No annual fee is always worth reiterating, and even the variable APR of 15.99-23.99 percent leaves a bit more breathing room for spending than other cards do. The lower end of the range is close to the national APR average of 16.92 percent.

Who Should Consider Getting the Amazon Rewards Visa Signature Card

If you rely on Amazon for online shopping, you’ll definitely want to consider this card, as it would be a savvy financial decision to earn points on purchases you’ll make through the platform anyway. However, since it’s a tiered purchasing system, the card has benefits for shoppers even if they don’t frequent Amazon. The card can also be seen as a travel credit card of sorts, since it doesn’t incur a foreign transaction fee and has several travel-related features such as accident insurance and luggage reimbursement, among others. Plus, since it’s a Visa, you’ll have access to the Visa Signature Luxury Hotel Collection and Concierge Service.

Click through to learn about the best travel credit cards.

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This content is not provided by Amazon or Visa. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone and have not been reviewed, approved or otherwise endorsed by Amazon or Visa.