Amazon Credit Card Review Why to choose it 2023 You can get a $50 Amazon gift card immediately after approval
5% back if you have a membership.

No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:

2% back from restaurants, gas stations and drugstores
1% back on utilities, carpooling and all other purchases
No annual credit card fee
No foreign transaction fees

for loyalty if you spend a lot at Whole Foods or Amazon. If you don’t shop at any of the retailers often, you’ll get more out of a card that rewards you for shopping where you like.

CONTENT:

Information about Amazon credit card prices and fees
Amazon Payment Cards Review
Current Amazon Credit Card Sign Up Bonus
Key features of the Amazon Prime Rewards Visa Signature Card
What are the advantages and disadvantages?
Amazon Prime Rewards Visa Signature Card vs Capital One Walmart Rewards Card
To Choose or Not to Choose an Amazon Prime Rewards Visa Signature Card?
The best cards to pair with Visa Signature Amazon Prime Rewards
All information about Amazon Prime Rewards Visa Signature Card and Capital One Walmart Rewards Card was collected independently by blog.unibulmerchantservices.com and has not been reviewed or endorsed by the publisher.

Information about Amazon credit card prices and fees No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:

Let’s start with Amazon card interest rates first No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

INTEREST RATES
APR (annual percentage rate) from 16.49% to 24.49%
Cash Advance 27.24%
Minimum interest None
How to avoid paying interest The due date is at least 21 days after the end of each billing cycle. The Company will not charge any interest on new purchases provided you pay the balance in full or save interest on each month’s due date. You will be charged interest on balance transfers and cash advances from the transaction date.
Amazon credit card fees are No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it::

FEES
Annual membership fee None
Balance Transfers Either $5 or 5% of each transfer
Cash Advances Either $10 or 5% of each transaction
Foreign transactions None
Late payment up to $39
Cashback up to $39
Return Check None
More information can be found in the Price list and terms and conditions No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

Amazon Payment Cards Review No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:

If you’re an Amazon Prime loyalist, it’s hard to fault the Amazon Prime Rewards Visa Signature Card.

This Chase card offers a fantastic rewards rate at both Amazon.com and Whole Foods. It is also different from other cards that store a mark. You can use it and earn rewards anywhere Visa is accepted No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

Bonus rewards are also available at drugstores, restaurants and gas stations.

In addition, the purchase options with the store card are very flexible No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

All of this is at zero cost, but you must first purchase an Amazon Prime membership. People who don’t spend enough through Amazon to justify the cost of membership will have to shop elsewhere No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

Amazon provides a number of credit cards in the same way as this one. Some are reserved for Prime members, while others are available to everyone. Some business cards are only available on Amazon, while others can be used anywhere Visa is accepted No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

Current Amazon Credit Card Sign Up Bonus
When you get approved by this Prime Rewards Visa card, you have a chance to earn up to a $115 Amazon gift card. This is the same as the highest value offer we saw earlier in 2021 and is a significant increase from the most recent $100 gift card. However, it is important to note that the value of this gift card may vary depending on the site you apply for No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

Ahead of Prime Day this June, the Amazon Prime Rewards Visa Signature Card changed its original offer to include a $115 Amazon gift card size upon approval. This perfectly matched the 10% increase in rewards for the limited time offer on select items. They are usually offered during Prime Day, which may cause an introductory period before Prime Day. Perhaps the best opportunity to apply for an Amazon Prime Rewards Visa card is if your application does not currently offer a total value of $150 No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

The $100 offer wasn’t a bad offer at all. The bonus gift card was previously valued at less than $70. However, seeing a more competitive return of $150 on gift cards can be an attractive hook No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

The $100 value was lower than the low end of many of the most lucrative credit card sign-up bonus offers, which typically range from $150 to $200 with no annual fees. However, there is no minimum spending requirement for a typical Amazon credit card (you get the bonus instantly), and some credit cards don’t offer a sign-up bonus No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

When it comes to retail cards, the reward is an excellent perk as it covers the annual cost of Amazon Prime membership of $139 during the first year No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

Key features of the Amazon Prime Rewards Visa Signature Card
Card Type: Amazon Credit Store Card and Rewards

Annual cost: $0

However, you must be part of an Amazon Prime member family. Membership costs $139 per year. Be aware that several states have sales tax on membership costs, which increases the cost of membership.

Sign-up bonus: Amazon sometimes offers gift cards in varying amounts upon receipt. For example, you can get 50, 100, 115 or otherwise.

rewards:

Get 5% off purchases at Amazon.com and Whole Foods Market.
2% back at restaurants, gas stations, drugstores and restaurants.
1% off any other purchase.
Rewards are earned as points, which can be worth a penny. They can be used to make qualifying purchases on Amazon.com and there are no minimum redemption requirements. You can also use points through Chase for cash back or as a statement credit or transfer to an eligible savings or checking account with no minimum requirements.

Other redemption options include gift and travel cards. Note that points earned with an Amazon credit card cannot be used with Chase Ultimate Rewards points No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

APR: Current APR is 16.49% to 24.49%.

Foreign Transaction Fees: None.

Another benefits:

Travel protection: Passenger baggage loss accident insurance, baggage delay insurance, emergency and travel assistance, rental car collision damage waiver, road dispatch waiver.
Purchase Protection: Extended Warranty Purchase Protection.
Plus: Visa Signature concierge service and access to book hotels from the Visa Signature luxury hotel collection.
What are the advantages and disadvantages?
BENEFITS of the Amazon Prime Rewards Visa Signature Card
5% Back: High earning rates on Amazon.com and Whole Foods make daily miscellaneous shopping and grocery shopping profitable No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.
NO Foreign Transaction Fees: No foreign transaction fees make this card a great cost-saving travel partner.
1% – 2% Back: Rewards can be redeemed at a similar rate to travel, cashback and Amazon purchases, giving cardholders plenty of options with their rewards.
Travelers can do their business in peace by taking advantage of the huge Chase.

The Amazon Prime Rewards Visa Signature Card offers great rewards earning opportunities for anyone who shops on Amazon. Which, according to Statista, included over 200 million Amazon Prime members in 2020. But is this Amazon credit card worth it for everyone?

No, it probably won’t be worth it for everyone, as the value this card brings depends on your spending habits. But for avid Amazon shoppers, there may not be a better credit card. Let’s dive into the details to see if the Amazon Prime Visa is right for your situation, or if you should consider alternative options No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

In this article
The Basics: Amazon Prime Rewards Visa Signature Card
Signup Bonus: $150 Amazon Gift Card upon approval

Rewards Rate: 5% cash back on Amazon.com and Whole Foods Market; 2% in restaurants, gas stations and drugstores; 1% on all other purchases

Annual fee: Technically $0, but this card requires an eligible Prime membership ($119 per year) No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

Review: Check out our Amazon Prime Rewards Visa Signature Card review.

The Amazon Prime Rewards Visa Signature Card is easily one of the best credit card options for frequent Amazon shoppers. Chance to earn 5%

back to Amazon.com and Whole Foods Market is probably the best you’ll find for shopping on Amazon. Other bonus categories for everyday purchases are also useful No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

Additional benefits include no foreign transaction fees and plenty of Visa Signature benefits. Here are the many benefits provided to cardholders:

Purchase protection
Extended warranty protection
Car rental collision damage waiver
Road expedition
Travel and emergency assistance
Compensation for lost luggage
Baggage delay insurance
Travel accident insurance
24/7 Visa Signature concierge service
Additionally, the Amazon Prime Rewards Card offers a variety of options to shop on Amazon and pay for them over time. You can choose the Equal Monthly Payments option at checkout for eligible purchases. Depending on the total amount of the purchase, monthly payments can be spread over six, 12 or 18 months. You won’t get rewards for choosing to make the same monthly payments, but you can avoid any interest rate on those purchases if you pay.

How to Make Your Amazon Prime Credit Card Pay Off

If you compare credit cards, it’s usually easy to figure out how much you’d need to spend on a rewards credit card to offset its annual fee, if possible. With the Amazon Prime Rewards Visa, you would need to spend at least $380 in the first year and at least $2,380 in the second year (more on those calculations below) to offset the $119 annual Amazon Prime membership fee.

Keep in mind that it’s not necessarily a fair comparison to only judge the value of your Prime membership against this credit card account. Amazon Prime offers a lot of benefits that have nothing to do with Amazon credit cards, such as fast and free shipping, as well as access to Prime Video streaming, Amazon Photos, Amazon Music Prime and Prime Gaming. Together, these benefits can easily offset your annual membership fee No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

But to keep things simple, we’ll ignore these benefits in our calculations of how much you’ll need to spend on your Amazon Prime Rewards Visa to offset the $119 Amazon Prime membership fee.

Scenario 1: First year of membership
It shouldn’t be too difficult to offset the annual membership fee in the first year, as the card’s welcome bonus is a $150 Amazon gift card upon approval. After a quick deduction ($119-$100) we end up with a total cost of $19.

Let’s see how much you’d have to spend on your card to make up the remaining $19:

Earn 5% from Amazon.com and Whole Foods Market: You would have to spend $380 ($19 / 0.05) on purchases in this category.
Earn 2% at restaurants, gas stations and drugstores: You would have to spend $950 ($19 / 0.02) on purchases in this category.
Earn 1% on all other purchases: You would have to spend $1,900 ($19 / 0.01) on purchases in this category.
To offset $19 by spending in two or more of these categories, you’d need to spend between $380 and $1,900 in your first year of account opening. To break it down further, divide those numbers by 12 and you get about $32 to $158 per month.

Scenario 2: Second year of membership
Unfortunately, you won’t get an additional welcome bonus (an Amazon.com gift card) for each year of membership with the card, which means you won’t be able to immediately offset $100 of your $119 Amazon Prime membership in the second year.

Let’s see how much you’d have to spend with the Amazon Prime Rewards Visa to offset the $119 fee for the second year:

Earn 5% from Amazon.com and Whole Foods Market: You would have to spend $2,380 ($119 / 0.05) on purchases in this category.
Earn 2% at restaurants, gas stations and drugstores: You would have to spend $5,950 ($119 / 0.02) on purchases in this category.
Earn 1% on all other purchases: You would have to spend $11,900 ($119 / 0.01) on purchases in this category.
The amounts you have to spend in the second year and beyond are obviously much higher than in the first year. Now you’re talking about spending between $2,380 and $11,900, depending on your spending habits. Divided by 12, that’s about $198 to $992 per month.

In total, these calculations add up to more than the typical Amazon Prime member is found to spend annually, which is $1,400. But again, these scenarios only include Amazon Prime Rewards Visa spending and don’t take into account other benefits.

Would the Amazon Rewards Visa Signature Card be better?

Believe it or not, you can still shop on Amazon if you don’t have an Amazon Prime membership. You’ll lose all the benefits of Prime, but you can also skip the $119 membership fee. Eliminating the fee creates situations where the Amazon Rewards Visa Signature card, which doesn’t require a Prime membership, can shine.

Here are the basics of the Amazon Rewards Visa Signature Card:

Sign-up Bonus: Get a $60 Amazon Gift Card when your credit card application is approved

Rewards Rate: 3% cash back on Amazon.com and Whole Foods Market; 2% in restaurants, gas stations and drugstores; and 1% on all other purchases Amazon Credit Card Review Why to choose it.

Annual fee: $0

Review: Check out our Amazon Rewards Visa Signature Card review No other card rewards you as generously or consistently Amazon Credit Card Review Why to choose it:.

As you can see, this card is not very different from the Prime Visa Signature version. The welcome bonus is lower and the earning rate maxes out at 3% cashback, but the bonus categories are the same and the annual fee is $0. And that $0 is real because you don’t need a Prime membership to qualify for the Amazon Rewards Visa Signature Card.

This means you wouldn’t have to spend a certain amount of money each year to offset the annual cost like you might with the Amazon Prime Rewards Visa. If you don’t spend a lot of money on Amazon every year, but do shop there occasionally, this card might make sense for you. However, there are more credit card options Amazon Credit Card Review Why to choose it.