Amazon Prime Rewards Visa Signature Card Review (2024)

Amazon Prime Rewards Visa Signature Card Overview

Quick Take

• $100 Amazon gift card as a welcome bonus
• High cash back for purchases at Amazon.com
• Rewards points can be easily redeemed for purchases at Amazon.com, and for cash back, gift cards and travel on Chase
• No foreign transaction fees
• Travel accident insurance
• Lost luggage reimbursem*nt
• Baggage delay insurance
• Travel and emergency assistance
• Zero fraud liability
• Auto rental collision damage waiver
• Roadside dispatch
• Extended warranty protection
• Purchase protection

Important Card Details

MoneyGeek gives you a rundown of the Amazon Prime Rewards Visa Signature Card’s benefits, fees and interest rates to help you decide whether this card is suitable for you.

The table below shows the cashback rewards rates, APRs, fees, and other data included in the fine print to give you a clear picture of how this card stacks up against other cards.

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  ​​Regular APR

  Depending on your credit history and the market based on the Prime Rate, the variable APR of your Amazon Prime Rewards Visa Signature Card could range anywhere from 19.24% – 27.24%. This interest rate applies to all purchases and cash advances and is considered fairly high. Balance transfers also have the same APR, which is a good benefit, given that other issuers charge a higher APR for balance transfers.

• 

  Cash Back Reward Rate

  The zero-cap cash back rate is where this card shines the most, especially for loyal Amazon and Whole Foods shoppers. Cardholders are entitled to unlimited 5% cash back for purchases on the two retailers, as well as to 2% cash back at restaurants, gas stations and drugstores and a 1% rebate on all other purchases.

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  Late Payment Fee

  Typically, a cardholder is given 21 days to pay the credit card balance in full before being charged any interest. After this grace period, a late payment fee of $5 or 5% of the balance transfer amount (whichever is greater), up to $39. This is the usual cap that most credit card issuers charge for late payment.

  See Also

  Apple Card review | Bankrate.com

Additional Benefits

The Amazon Prime Rewards Visa Signature Card has additional perks and benefits which include:

• Travel accident insurance: Frequent travelers will appreciate this benefit, which comes with accidental death or dismemberment coverage of up to $500,000 when you pay for your air, bus, train or cruise transportation with your card.
• Lost luggage reimbursem*nt: Lost luggage can be reimbursed up to $3,000 per passenger.
• Baggage delay insurance: This reimburses you for essential purchases like toiletries and clothing for baggage delays over six hours up to $100 a day for three days.
• Travel and emergency assistance: If you need assistance while traveling, you can call the Benefit Administrator for assistance.
• Zero fraud liability: This security feature protects cardholders from any unauthorized purchases on the Amazon Rewards Visa Signature Card.
• Rental car insurance: Waiver for theft and collision damage for most rental cars in the U.S. and abroad. Coverage in the U.S. is secondary to personal insurance.
• Roadside Dispatch: You can call for roadside dispatch services such as a flat tire, needing a tow, or a jumpstart. Dispatch fees are billed to the card.
• Extended warranty protection: Warranty on an additional year, on eligible warranties of three years or less.
• Purchase protection: This covers new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.
• Access to Visa Signature’s premium perks: Cardholders will enjoy having a worry-free vacation by having easy access to Visa Signature Luxury Hotel Collection and Visa Signature Concierge Service.
• Customer satisfaction: In J.D. Power’s 2021 U.S. Credit Card Satisfaction Survey, Chase ranked fourth among national insurers in terms of overall customer satisfaction and scored two points below the segment average.

How the Amazon Prime Rewards Visa Signature Card Compares To Other Cards

Although this card did not make it to our list of top-rated cash back credit cards for 2022, it is still a good option and able to match up with other cash back cards because of its zero annual and international transaction fees, as well as its high cash back rates, especially for purchases made on Amazon and Whole Foods. Ultimately, how this card compares with other cards depends on what you are looking for in a card and your use for it.

Below we feature a head-to-head comparison between Amazon Prime Rewards Visa Signature Card and another cash back credit card that is also backed by Chase.

Frequently Asked Questions