Amazon Credit Card Review: Benefits and Perks for Amazon Shoppers

GOBankingRates Score

4.8
Quick Take: If stacks of Amazon boxes are a daily occurrence at your residence, you may be missing out on some savings if you don't use the Amazon Prime Rewards Visa Signature Card for your purchases. It's one of two branded store cards designed to reward frequent shoppers for their loyalty with special cash-back rates you won't get from other cash-back credit cards. Here's more on the Amazon Prime Rewards Visa Signature Card.
  • Annual Fee
    5.0
  • APR
    4.6
  • Rewards Rate
    4.8
  • Amazon Benefits
    4.8
How did we calculate this?

Pros

  • $100 Amazon gift card bonus upon approval
  • No annual fee
  • High 5% cash-back rewards on Amazon and Whole Foods purchases and 10% back on select Amazon products

Cons

  • Amazon Prime membership fee isn't waived

Amazon Prime Rewards Visa Signature Card Overview

The Amazon Prime Rewards Visa Signature card is issued by Chase Bank. It’s designed for Amazon shoppers in search of savings through cash-back rewards. Because it’s a Visa, you can use it anywhere Visa is accepted and earn at least 1% cash back on all purchases.

Key Features

The Amazon Prime Rewards Visa Signature card has a rating of 4.8 out of 5 from GOBankingRates. The top-performing categories are:

Annual Fee

There is no annual fee to have an Amazon Prime Visa. However, if you choose to shop on Amazon frequently, you’ll need an Amazon Prime membership. The current fee is $14.99 per month or $139 per year. Students pay $7.49 per month or $69 per year. 

APR

The Amazon Prime Visa has an introductory offer of 0% APR for 6 to 18 months on all purchases of at least $50. After the no-interest promotional period, the rate is 16.49% to 24.49% Variable APR.

Rewards Rate

Amazon shoppers and individuals who dine out or make plenty of fuel purchases will benefit most from the Prime Visa’s rewards structure. Prime members could receive 10% back or more on select Amazon products. All Amazon and Whole Foods purchases earn an elevated 5% cash back. Purchases from restaurants, gas stations and drugstores earn 3% back. All remaining purchases have a rewards rate of 1%.

Amazon Benefits

Other card benefits for Prime members include the flexibility to choose between 5% cash back or 0% APR for purchases of $50 or more made in the first 18 months. After the intro period, the rate is 16.49% to 24.49% Variable APR. Plus, Visa kicks in a host of travel-related benefits including:

  • Travel and Emergency Assistance
  • Lost Luggage Reimbursement
  • Baggage Delay Insurance
  • Travel Accident Insurance
  • Roadside Dispatch
  • Auto Rental Collision Damage Waiver

How the Amazon Prime Rewards Visa Signature Card Stands Out

Prime Members will find that the Amazon Prime Rewards Visa really shines when it comes to cash-back rewards. If you regularly spend money at Whole Foods and Amazon, 5% back can really add up. Plus, select items may earn you 10% cash back or greater. The easiest way to redeem your growing rewards balance is by applying it to your new Amazon purchases at checkout.

Comparable Amazon Prime Rewards Visa Signature Card Options

The Amazon Prime Rewards Visa Signature card provides you the best earnings power if you’re after rewards from the major retailer. Alternative cards worth considering include:

Citi Custom Cash Card

The Prime Visa Rewards card comes with a $100 gift card for Amazon purchases. Citi’s Custom Cash card gives you $200 in cash back after you spend at least $1,500 in the first 6 months. Similar to the Amazon Prime card, it doesn’t have an annual fee. And if you spend a lot on Amazon and Whole Foods, you could match the Prime Visa’s rewards since the highest spend category will earn 5% cash back.  

Discover it

The Discover it Cash Back card offers cardholders quarterly rotating categories that earn 5% back on the first $1,500 spent. You’ll need to activate the category first, which requires watching the bonus calendar. The good news is, the Discover it card doesn’t have an annual fee and Amazon is one of the 5% back rotating categories.

How To Apply

To apply for a Prime Rewards Visa, you’ll need to set up or sign in to your Amazon account and follow the simple application steps. You’ll be required to provide personal information including date of birth, Social Security number and more. A decision is typically reached in just a few seconds and you can start shopping online right away with an electronic version of the credit card and the $100 gift card. 

Who the Amazon Prime Rewards Visa Signature Card Is Best For

The Amazon Prime Rewards Visa Signature card is best for Prime members who shop often on Amazon and Whole Foods. You’ll earn 5% cash back on purchases, plus the opportunity to get select Amazon items for 10% back or higher in rewards.

Final Take

If you can use a credit card responsibly, you could leverage the card’s perks to your advantage. Frequent Amazon and Whole Foods shoppers can start accruing savings on their purchases which they can apply to future spending with the Amazon Prime Rewards Visa Signature card. There’s no annual fee to have one and besides Amazon purchases, it can be used anywhere Visa is accepted. 

Amazon Credit Card FAQ

  • Can you use Amazon Prime Rewards Visa Signature card anywhere?
    • The Amazon Prime Rewards Visa Signature card can be used for purchases anywhere Visa is accepted.
  • What is the advantage of Amazon card?
    • Besides no annual fee, new cardholders receive a signup bonus of $50 for the Amazon Visa or $100 for the Amazon Prime Visa in the form of a gift card. Plus, all Amazon purchases earn an elevated 3% to 5% cash back.
  • Is Prime free with the Amazon credit card?
    • Prime membership is not free with the Amazon credit card. The current fee is $14.99 per month or $139 per year. Students pay $7.49 per month or $69 per year.
  • Does the Amazon credit card cost anything?
    • The Amazon Prime Rewards Visa Signature card does not have an annual fee. However, membership to Amazon Prime will set you back $139 per year or $14.99 per month

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Sept. 2, 2022.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

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About the Author

Cynthia Paez Bowman is a personal finance writer with degrees from American University in international business and journalism. Besides writing about personal finance, she writes about real estate, interior design and architecture. Her work has been featured in MSN, Brex, Freshome, MyMove, Emirates’ Open Skies magazine and more.
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