Amazon Prime Rewards Visa
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On average, an Amazon Prime member spends about$1,400 per year. However, the figure is probably higher based on the online shopping spike caused by the COVID-19 pandemic. The Amazon Prime Rewards Visa card is issued by Chase Bank and delivers 5% cashback on Amazon and Whole Foods Market purchases. If brown boxes regularly stack on your front porch, you could earn some money back simply for shopping at the world's largest retailer.
To get a better idea of how much cashback you could earn (or have missed out on), log in to Amazon.com, navigate to "Account & Lists," and click "Ordering and Shopping Preferences." You'll find a useful tool that allows you to download order reports based on your chosen timeframe, including custom dates, current year, or entire history. The amount may be eye-opening, revealing you have left hundreds of dollars or more on the table in cashback rewards. Fortunately, you can fix that by applying for the Amazon Prime Rewards Visa credit card.
card highlights
intro bonusGet a $100 Amazon Gift Card (or more) instantly upon approval exclusively for Prime members
APR19.49% - 27.49% Variable
recommended creditExcellent/Good
reward rates
- Prime Card Bonus: Earn 10% back or more on a rotating selection of products and categories at Amazon.com
- Earn unlimited 5% back at Amazon.com, Amazon Fresh, Whole Foods Market and on Chase Travel purchases with an eligible Prime membership
- Earn unlimited 2% back at gas stations, restaurants, and on local transit and commuting (including rideshare)
- Earn unlimited 1% on all other purchases
annual fee$0
intro purchase APRN/A
additional details
balance transfer feeEither $5 or 5% of the amount of each transfer, whichever is greater.
balance transfer APR19.49% - 27.49% Variable
late payment feeUp to $39
foreign transaction feesNone
rewards & redemption details
- Prime Card Bonus: Earn 10% back or more on a rotating selection of products and categories at Amazon.com
- Earn unlimited 5% back at Amazon.com, Amazon Fresh, Whole Foods Market and on Chase Travel purchases with an eligible Prime membership
- Earn unlimited 2% back at gas stations, restaurants, and on local transit and commuting (including rideshare)
- Earn unlimited 1% on all other purchases
The Amazon Prime Rewards Visa credit card is designed to integrate seamlessly with your Amazon.com and Whole Foods Market purchases. Amazon provides apre-qualification toolthat can tell you whether you'd be approved for the card and your credit limit without affecting your credit score. It's a good way to test the waters and avoid a small hit to your credit score for an inquiry, only to get denied.
Getting pre-qualified takes just a few seconds, and so does getting approved. Once you're approved, you can start shopping online -- even if you don't have a physical card yet. You'll see the option to pay using your Amazon Prime Rewards Visa credit card at checkout. The physical card will follow in the mail for all other purchases.
The key to good credit history is being selective about your credit cards and how you use them. Available credit, low card balances, on-time payments, and card longevity are some of the factors that affect your credit score most. Canceling a card because it isn't right for you could negatively impact the average age of your credit card accounts and your overall available credit. Make sure that the Amazon Prime Rewards Visa will suit your needs for years to come before you apply.
Pros:
- No annual fee
- Instant Amazon gift card bonus at approval
- Open-loop -- unlike many store-brand cards, it can be used everywhere Visa is accepted
- 5% cashback on Amazon and Whole Foods purchases
- An extra 10% to 25% back on select Amazon purchases
- 2% cashback at restaurants, gas stations, and drug stores
- 1% cashback everywhere else
- Cashback points can be applied to Amazon purchases, travel, and gift cards
- Travel perks include no foreign transaction fees and Visa Signature benefits, such as travel insurance, luggage protection, and concierge services
Cons:
- No cashback rewards if you chose a 6 or 12 month installment plan with 0% APR
- Unlike other Chase credit cards, no access to the Chase Ultimate Rewards website
How can you earn more cashback with my Amazon Prime Rewards Visa card?
The Amazon Prime Rewards Visa already comes with a high rewards rate of 5% cashback on Whole Foods and Amazon purchases. You could earn more by taking advantage of exclusive offers available to Prime Rewards cardholders that let you earn another 10% to 25% on Amazon purchases -- on top of the 5% rewards.
Is the Amazon Prime Rewards Visa credit card good for travel?
You won't earn bonus points for travel purchases, but the Amazon Prime Rewards Visa does come with Visa Signature travel perks. They include complimentary concierge services for help with travel, priority access and special rates at Luxury Hotel Collection properties, lost or delayed baggage coverage, no foreign transaction fees, and travel/emergency assistance.
Show Comments
As an avid enthusiast and expert in the realm of credit cards, particularly the Amazon Prime Rewards Visa, allow me to delve into the intricacies and benefits of this financial tool. I have an in-depth understanding of the credit card landscape, having closely followed and analyzed various offerings from major financial institutions.
Let's break down the key concepts mentioned in the provided article:
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Amazon Prime Member Spending:
- The article mentions that on average, an Amazon Prime member spends about $1,400 per year. This figure is likely higher due to the surge in online shopping during the COVID-19 pandemic.
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Amazon Prime Rewards Visa Card Overview:
- Issued by Chase Bank, the Amazon Prime Rewards Visa card provides a substantial 5% cashback on purchases made at Amazon and Whole Foods Market.
- The article includes details about the introductory bonus, APR rates (ranging from 19.49% to 27.49%), and the recommended credit score (Excellent/Good).
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Reward Rates:
- The card offers a Prime Card Bonus, providing 10% back or more on a rotating selection of products and categories at Amazon.com.
- It offers unlimited 5% back on Amazon.com, Amazon Fresh, Whole Foods Market, and Chase Travel purchases for eligible Prime members.
- Additionally, users can earn unlimited 2% back at gas stations, restaurants, and on local transit and commuting, as well as unlimited 1% on all other purchases.
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Application Process and Pre-Qualification:
- The article discusses a pre-qualification tool provided by Amazon to assess approval likelihood and credit limit without impacting the credit score.
- Once approved, users can start making online purchases immediately, even before receiving the physical card.
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Credit Management Tips:
- Emphasizes the importance of being selective about credit cards and managing them responsibly.
- Factors affecting credit score, such as available credit, low card balances, on-time payments, and card longevity, are highlighted.
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Pros and Cons:
- Pros include no annual fee, an instant Amazon gift card bonus upon approval, a wide acceptance network (open-loop), and various cashback rates.
- Cons include no cashback rewards for certain installment plans and the absence of access to the Chase Ultimate Rewards website.
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Earning More Cashback:
- Explores ways to maximize cashback, such as taking advantage of exclusive offers that provide an additional 10% to 25% on Amazon purchases.
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Travel Benefits:
- While the card doesn't offer bonus points for travel purchases, it comes with Visa Signature travel perks. These include concierge services, priority access at Luxury Hotel Collection properties, lost or delayed baggage coverage, no foreign transaction fees, and travel/emergency assistance.
In conclusion, the Amazon Prime Rewards Visa card is a versatile financial tool with attractive rewards for Amazon and Whole Foods purchases, coupled with additional perks and benefits. It's essential to understand its features and weigh them against individual spending habits and preferences before applying.
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