Amazon Prime Rewards Visa: The pros and cons
An average Amazon Prime member spends $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 Is local raw honey good for you 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 or tap "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 cottages siesta key vacation rentals table in cash-back rewards. Fortunately, you can fix that by applying for the Amazon Prime Rewards Amazon prime store card balance transfer Prime Rewards Visa features:
- Annual fee: $0, although an annual $119 Amazon Prime subscription is required
- Credit required: Good to excellent
- Rewards: Earn 5% cashback on Amazon.com and Whole Foods Market purchases, 2% cashback at restaurants, gas stations and drugstores, 1% cashback on all other qualifying purchases and a bonus of 10% to 25% on select Amazon merchandise
- Welcome offer: $100 Amazon gift card upon approval
- Purchase intro APR: 0% APR up to 18 months
- Balance transfer intro APR: N/A
- Standard APR: Variable APR of 14.24% to 22.24%
How it works
The Amazon Prime Rewards Visa credit card is designed to integrate seamlessly with your Amazon.com and Whole Foods Market purchases. Amazon provides a pre-qualification tool that 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 amazon prime store card balance transfer 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 card will follow in the mail for all other purchases.
As soon as you're approved, you'll receive a $100 bonus to get started. You can apply the bonus balance to Amazon.com or Whole Foods Market purchases right away. Besides the cash bonus, you'll receive a promotional APR of 0% for six to 18 months on purchases of at least $50. However, you won't be able to earn cashback on purchases you choose to finance using the introductory 0% APR.
5% cashback is a great deal. You won't find that level amazon prime store card balance transfer year-round rewards on Amazon and Whole Foods purchases with other cards. Amazon cash-back rewards are called points and have a point-for-dollar value. This means that earning 5 points is the equivalent of $5 in cashback. Amazon points don't expire. However, you'll need an Amazon Prime membership of $119 per year for the points to remain valid. You can still continue to use the credit card if you don't renew your Prime membership, but you won't earn cash-back rewards on Amazon and Whole Foods Market purchases.
There are a few ways to redeem the cashback rewards. Apply the points at checkout for eligible Amazon.com/Wholefoods.com purchases. Redeem them as cash as an account statement credit or by transferring the balance to a bank account. Or use the points for gift cards or travel.
Amazon Prime Rewards Visa pros and cons
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 amazon prime store card balance transfer negatively impact the average age of your credit card accounts and your overall available credit. Make sure that the Amazon Prime Rewards card will suit your needs for years to come before you apply.
Consider the following pros and cons:
Amazon Prime Rewards Visa pros:
No annual fee
Instant $100 Amazon gift card bonus at approval
Open-loop -- unlike many store-brand cards, it can be 1st and 2nd grade math worksheets 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 and 1% everywhere else
Cash-back 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
Amazon Prime Rewards Visa cons
Requires an annual Amazon Prime membership (currently $119 per year)
No cash back rewards on purchases applied to the 0% APR introductory offer
Unlike other Chase credit cards, no access to the Chase Ultimate Rewards website
Amazon Prime Rewards Visa FAQ
Is the Amazon Prime Rewards Visa credit card free?
Although the Amazon Prime Rewards Visa has no annual fee, you're required to pay for an annual Amazon Prime membership, which is currently $119 per year.
How can I earn more cashback with my Amazon Prime Rewards Visa card?
The Amazon Prime Rewards America ferrera body 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 - 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 card 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.
How the Amazon Prime Rewards Signature Visa Card Works: Benefits and Rewards
How the Amazon Prime Rewards Signature Visa Card Works
Amazon.com is the virtual store that has everything—and at low prices. Order it today; have it as soon as tomorrow. Not only does it offer a wide variety of goods, but the company also offers a co-branded visa card, especially for its Prime members.
The Prime Rewards Signature Visa is similar to its alternative co-branded card, named the Amazon Rewards Signature Visa credit card. Both credit cards can be used anywhere Visa is accepted and are backed by Chase Bank USA, N.A., a subsidiary of JPMorgan Chase & Co., which handles all revolving credit services and issues.
The card can be used anywhere that accepts Visa. The card offers 5% cashback on all items purchased on Amazon.com and Whole Foods markets. Newcomers get a $100 Amazon.com Gift Card instantly upon credit card approval. Cardholders may select a card design featuring either Amazon or Whole Foods, as well.
- The Amazon Prime Rewards Signature Visa Card is a co-branded credit card offering rewards like 5% cash back on purchases made on Amazon.com and in Whole Foods markets.
- Besides good credit, you must have a Prime membership to be eligible for a Prime Rewards Signature Visa.
- The Amazon Rewards Visa Signature Card is nearly identical to the card designed for Prime members. However, cardholders only receive a 3% rebate on purchases.
- You must have a good credit score—at least 670—to be considered for either of the co-branded Amazon Signature Visa cards.
- Amazon also offers two store cards, but these cards are not credit cards. The cards are used for purchases on Amazon.com but eligible for use in Whole Foods markets.
Rewards and Benefits
If you do a lot of shopping on Amazon and at Whole Foods, this card offers several perks. You earn a 5% rebate (or 3%, for non-Prime members, who are eligible for the Visa Rewards card) for all Amazon.com and Whole Foods Market purchases; 2% at gas stations, restaurants, and drugstores; and 1% on all other purchases. Your rewards come in the form of points. You'll get one point for each penny you earn in rebates.
When you open an Amazon Signature Visa credit card, you will receive 5% back everywhere you shop on up to $2,500 in purchases for the first three months of owning the card if you have a Prime account. If you tend to buy your groceries at Whole Foods and frequently shop online at Amazon as a Prime member, this card could provide substantial rewards and rebates.
Example of First us bank cd rates
Let’s say you bought an item on Amazon for $20. You would earn a 3% rebate (60 cents), which would become 60 points. Every 100 points are worth $1. Your points are available as soon as they are processed as a discount at checkout.
When you are approved for the card, Amazon will give you a $100 gift card. There is no annual fee, no foreign transaction fees, no earning cap, and your points never expire.
Where Can Someone Get the Amazon Bank of america auto refinance interest rates Rewards Signature Visa Card?
Interested customers can apply for the card online at Amazon.com. However, the vetting process will go through Chase Bank, which authorizes and administers the financial logistics and the approval process.
According to Amazon.com, "if your application is instantly approved, you'll be taken to a page that includes the Cardmember Agreement, the terms of your Amazon Rewards Visa Signature account, and other important information."
Conversely, if your application isn't approved instantly, Chase Bank will inform you about your status after reviewing your credit history. This takes approximately two to four weeks. Amazon recommends waiting two weeks after submitting your application before contacting Chase Bank.
What Kind of Credit is Required for the Amazon Prime Rewards Signature Visa Card?
Unlike the Amazon store card, which only requires fair credit, the Amazon Rewards Signature Visa cards (Prime member or non-member) both require a higher credit score because they are Visa credit cards.
Amazon.com offers both a store credit card that can only be used on Amazon.com orders and several co-branded Visa card options such as the Amazon Rewards Visa Signature Card that can be used anywhere Visa is accepted.
Where Can the Amazon Prime Rewards Signature Visa Card Be Used?
You can expect to use your Amazon credit card anywhere that takes Visa, most likely anywhere in the U.S., and over 150 countries worldwide. Unlike store cards tied to use at a specific retailer, a visa card connected to Amazon.com is a regular credit card in many ways.
You will earn rewards if you use it to shop on Amazon.com or Whole Foods, but you can also benefit from rewards when used at participating gas stations, pharmacies, and other retailers.
Alternatives to the Amazon Prime Rewards Signature Visa Card
Amazon offers two store-only cards, similar to its credit cards, as the Amazon Prime store card offers its Prime member holders more perks. Synchrony Bank issues the Amazon.com Store Card and the Amazon Prime Store Card, and the cards are useful if you are a frequent shopper on Amazon.com.
Amazon.com and Amazon Prime Store Cards
If you don't want or don't qualify for either of the Amazon Rewards Signature Visa cards, the Amazon.com or Prime store cards may be a viable option for saving money on your Amazon purchases. Amazon store cards are not accepted at Whole Foods markets, unlike the Amazon Prime Rewards Signature Visa and the Amazon Rewards Signature Visa.
When you are approved for an Amazon.com store card, you receive a $60 gift card from Amazon.com, a bit less than the $100 gift card you pnc bank com options for opening an Amazon Prime Visa card. The Amazon store card's reward program is not as robust as its Visa Rewards Signature Visa card, but it does offer introductory financing opportunities for new cardholders.
Amazon Rewards Signature Visa Credit Card
The Amazon Rewards Signature Visa card is another alternative if you don't have a Prime membership but want the convenience and the benefits of an Amazon Visa credit card. The Amazon Rewards Signature Visa is nearly identical in its perks and terms and conditions as the Prime Rewards Visa Signature Card, with one exception, if you are not a Prime member, you will only reap a 3% reward when you shop on Amazon.com and at Whole Foods.
Terms and Conditions of the Amazon Prime Rewards Signature Visa Card
The annual percentage rate on your card will depend on your credit history. There’s no introductory APR. Expect a rate between 14.24% and 22.24%, but it will vary based on the prime rate. Balance transfers have the same APR as purchases instead of the higher one many cards impose.
Cash advances on the Amazon Prime Rewards Signature Visa have an interest rate of 24.99%. You have 21 days after the end of the billing cycle to pay the balance in full to avoid any interest charges. The late payment fee is up to $39, depending on your card's balance. Customers will pay $5 or 5% of the balance transfer amount, whichever is greater. Cash advances cost $10 or 5%, whichever is greater.
The card does not have an annual fee attached, but if you want the Amazon Prime Rewards Signature Visa, you will have to pay to be an Amazon Prime member, which costs $119 per year. You must be age 18 or older to apply for the card, and credit limits are based on the applicant's credit.
|Amazon Prime Rewards Signature Visa|
|APR||Late Fee||Return Check Fee||Grace Period|
|Amazon Prime Rewards Signature Visa||14.24% and 22.24%||$39||None||21 days after the end of the billing cycle|
Who Should Consider the Amazon Prime Rewards Signature Visa Card?
If you frequently shop in Whole Food markets and on Amazon.com as a Prime member, this card might make sense given the rebates and rewards. A co-branded card like this provides not only access to rewards but a line of credit, and you have the flexibility of being able to use the card anywhere that takes Visa. If you don't want to take out a credit card, amazon prime store card balance transfer you have brand loyalty to Amazon and shop frequently on its website, you might consider an Amazon.com or Amazon Prime Store card.
The Bottom Line
Although the card is only available to Prime members, the rewards structure of either Amazon Visa card might make it useful even for people who only shop at Amazon infrequently. The APR is still higher than most non-retail cards, but this card's terms are attractive in the retail space.
Rewards are most valuable to people who don’t carry a balance, as you can quickly pay more in interest charges than the benefits are worth if you don't pay it off. Second, it may be wise not to make purchases solely to earn rewards. Saving your money and investing it will always win out over spending.
If you are interested in owning a Visa card and an avid Amazon.com and Whole Foods shopper, you may want to investigate opening this card.
Frequently Asked Questions
What Kind of Credit Score Do I Need to Open an Amazon Prime Rewards Signature Visa Card?
Amazon.com doesn't state explicitly about the score. Still, numerous reviewers of the product report that the recommended credit score to be eligible for an Amazon Prime Signature Visa card needs to be at least 670.
Where Can I Use My Amazon Prime Rewards Signature Visa Credit Card?
You'll earn 5% back chase credit card payment address all Amazon.com and Whole Foods markets purchases, but you can use the card anywhere Visa is accepted.
Does Amazon Prime Rewards Signature Visa Card Help You Build Credit?
Yes. Like any Visa credit card, if you manage your credit wisely, it can help you improve your credit over time.
Does the Amazon Prime Rewards Signature Visa Have an Annual Fee?
No, the card does not have an annual fee. However, you will be required to purchase an Amazon Prime membership ($119 a year) if you want to open an Amazon Prime Rewards Signature Visa credit card account.
What's the Difference Between the Amazon Prime Rewards Signature Visa Card and the Amazon Rewards Signature Visa Card?
Both cards are co-branded by Chase and offer the same terms and conditions but slightly different rewards. Prime members get a 5% back on all items purchased on Amazon.com, and at Whole Foods, non-prime cardholders receive a 3% rebate. Both cards come without an annual fee, but a Prime membership costs $119 a year.
If you’re a faithful Amazon.com shopper, you’ve probably at least considered the Amazon Store Card. Created for Amazon Prime shoppers, this card makes it easy to earn 5% back on whatever you buy at the online superstore. On the flip side, you can also choose to forgo the 5% back and stretch out your payments with zero interest over several months instead.
Like most store credit cards, the Amazon store card doesn’t charge an annual fee. However, it’s only good for Amazon.com purchases, and can’t be used just anywhere. Still, with free cash back and no fee, what’s not to like?
Like any other financial product, the devil is in the details when you look at how the Amazon Store Card works. Here’s a basic rundown of the Amazon card’s myriad financing options, along with how they can help you save.
How the Amazon Store Card Works
With the Amazon Store Card, you’ll earn:
- 5% back on total cart purchases up to $149
- 5% back or 6-month financing on purchases of $149 or more
- 5% back or 12-month financing on purchases of $599 or more
- 5% back or 24-month financing on select Amazon-sold items
In addition to these options, you can also enjoy 0% APR on specific Amazon purchases if you opt to make 12 equal monthly payments. This can come in handy if you plan to make a large Amazon.com purchase (holiday shopping, maybe?), but want to pay it off gradually without paying interest all along.
That all sounds great, but the fine print reveals the real kicker. Sure, you get 0% APR for a limited time, but because of the way interest is compounded and charged, you’ll be in for a rude awakening if you don’t pay your purchase in full by the time your promotional period is over.
If your balance doesn’t hit zero before the promotional period ends, you’ll owe backdated interest on the entire purchase. Worse, the Amazon Store Card comes with an APR of 26.24%!
In other words, failing to pay your balance in full before the 0% financing period ends means you’ll owe interest from the day you made the purchase. If you know anything about credit, you already know what a huge downside this is. And really, this should probably be a deal-breaker unless you’re 100% certain you can pay your purchase in full within the promotional timeline.
Another Option: Consider the Amazon.com Credit Card
If you’re not too keen on the way interest accrues with the Amazon Store Card, you can always consider the Amazon.com credit card instead. This card offers 3% back on Amazon.com purchases, 2% back at gas stations, restaurants, and drug stores, and 1% back on all other purchases.
Another important difference is that you don’t have to be an Amazon Prime member to apply. And like its store card counterpart, the Amazon.com credit card doesn’t charge an annual fee, either. Better yet, you can use the Amazon credit card anywhere Visa is accepted – and not just at Amazon.com.
And since it’s a traditional credit card, interest only accrues on actual balances you owe. Plus, the standard APR falls within a more reasonable range of 14.49% to 22.49%, based on your creditworthiness. That’s not great, but it’s better goldman sachs bank usa address the 26.24% APR the Amazon.com Store Card offers.
As a potential downside, you’ll only earn 3% back on Amazon.com purchases instead of the 5% you would earn with the store card. If you spend a lot on Amazon.com, the difference in earnings could be substantial.
A Better Option for Amazon.com Purchases?
Still, Amazon.com doesn’t have the market cornered on credit cards for their website. With Discover it® Cash Back, you get 1% unlimited cash back automatically on every purchase you make. The kicker is, you also get 5% cash back at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate.
The Discover it® Cash Back offers your free FICO score on your monthly statement and no foreign transaction fees. That’s a pretty sweet deal for a card that offers amazing rewards.
Too long, didn’t read?
If you’re thinking of signing up for the Amazon.com Store Card, make sure to consider the alternatives that are out there. While it’s true 5 percent back is hard to beat, other rewards credit cards are fairly generous when it comes to Amazon.com purchases, too.
Do you have the Amazon Store Card or the Amazon.com credit card? Why or why not? What alternatives do you use instead?
Please Note: Information about the Discover it® Cash Back have been collected independently by TheSimpleDollar.com. The issuer did not provide the details, nor is it responsible for their accuracy.
Editorial Note: Compensation does not influence our recommendations. However, we may earn a commission on sales from the companies featured in this post. To view our disclosures, click here. Opinions expressed here are the author’s alone, and have not been reviewed, approved or otherwise endorsed by our advertisers. Reasonable efforts are made to present accurate info, however all information is presented without warranty. Consult our advertiser’s page for terms & conditions.
Holly Johnson is a frugality expert and award-winning writer who is obsessed with personal finance and getting the most out of life. A lifelong resident of Indiana, she enjoys gardening, reading, and traveling the world with her husband and two children. In addition to The Simple Dollar, Holly writes for well-known publications such as U.S. News & World Report Travel, PolicyGenius, Travel Pulse, and Frugal Travel Guy. Holly also owns Club Thrifty.
Best Credit Cards to Use When Shopping on Amazon Prime Day
Amazon Prime Day is upon us. In 2021, it’s set to take place on June 21 and June 22.
Is your wallet optimized to capture Amazon Prime Day’s once-in-a-year deals at the lowest possible net price?
If you aren’t carrying at least one of the cards on this annual list of the best credit cards to use on Amazon Prime Day, it’s not. But there’s still time to apply before the main event.
Read on to learn more about the top cards to use on Prime Day this year and how to choose a credit card offer that’ll serve you well long after the sales end.
Best Credit Cards to Use on Amazon Prime Day: Clear Winners
These are the best credit cards to use on Amazon Prime Day. They either offer rewards on Amazon.com purchases specifically or have rewards schemes with bonus categories that broadly favor online shopping. Naturally, the top two are Amazon credit cards.
1. Amazon Prime Rewards Visa Signature Card
Unlimited 5% Cash Back on Purchases Made at Amazon and Whole Foods
The name says it all: theAmazon Prime Rewards Visa Signature card is designed for loyal Amazon Prime members looking to save big on everyday spending at Amazon and Whole Foods Market. On Prime Day, no card rewards your Amazon Prime membership better.
Use this card to pay for your Prime Day purchases, and you’ll earn an unlimited 5% cash back on top of the day’s already fantastic transfer amazon gift card balance to bank Prime Day is in the books, keep it around for an unlimited 2% back on eligible purchases at restaurants, gas stations, and drugstores, plus a continued 5% back at Amazon and Whole Foods.
- Sign-Up Bonus: Get a $100 Amazon gift card immediately upon approval. Exclusions apply; see terms.
- Earning Rewards: Earn an unlimited 5% cash back on eligible purchases made at Amazon and Whole Foods Market. Earn an unlimited 2% cash back on eligible purchases at restaurants, drugstores, and gas stations. All other eligible purchases earn an unlimited 1% back.
- Redeeming Rewards: Redeem in any amount for credits against Amazon purchases — the preferred way to redeem, and a great way to reduce your net Prime Day outlay if you already have points stored up. You can also redeem for cash back (via statement credit or direct deposit), gift cards, merchandise, and other items. Redemption values and minimums on noncash and non-Amazon redemptions may vary.
- Key Fees: This card has no annual fee, but you need to be a paid-up Prime member to earn 5% cash back on Amazon and Whole Foods purchases. There’s no foreign transaction fee, either.
- Other Perks: This card comes with a suite of Visa Signature benefits, including complimentary loss and damage coverage on rental cars paid in full with the card, basic travel insurance coverage, extended warranty coverage for an additional year on items with eligible warranties of three years or less, and purchase protection against damage or theft for 120 days from purchase, up to $500 per claim and $50,000 per account. Purchase protection, in particular, is a great way to safeguard big-ticket Prime Day purchases.
See our Amazon Prime Rewards Visa Signature Card review for more information. Find out how you can apply for this card here.
2. Amazon Rewards Visa Signature Card
Unlimited 3% Cash Back on Purchases Made at Amazon and Whole Foods
Amazon Rewards Visa Signature is a less generous version of the Amazon Prime Rewards Visa Signature. The main differences are:
- You don’t need a paid-up Prime membership to qualify for this card.
- Purchases at Amazon and Whole Foods earn just 3% back. In other words, you’ll earn 3% cash back on all Prime Day purchases.
So which of the Amazon credit cards is right for you?
If you spend enough at Amazon and Whole Foods to offset a Prime membership’s $119 annual price tag with the Prime Rewards Visa Signature’s 2% cash-back premium, that card is for you.
If you’re not a super-heavy Amazon spender, this one will suit you just fine.
- Sign-Up Bonus: Get a $50 Amazon gift card upon approval. Exclusions apply; see terms.
- Earning Rewards: Earn an unlimited 3% cash back on eligible purchases made at Amazon and Whole Foods Market; an unlimited 2% cash back on eligible purchases at restaurants, drugstores, and gas stations; and an unlimited 1% cash back on all other eligible purchases.
- Redeeming Rewards: Redeem in any amount for credits against Amazon purchases — the preferred way to reduce your net Prime Day spend. You can also redeem for general cash back via statement credit or direct deposit, gift cards, merchandise, and other items at various redemption thresholds and point values.
- Key Fees: This card has no annual fee, and Prime membership isn’t required to earn 3% cash back on Amazon and Whole Foods purchases. There’s no foreign transaction fee.
- Other Perks: This card has the same great suite of Visa Signature benefits as the Amazon Prime Rewards card.
See our Amazon Rewards Visa Signature Card review for more information. Find out how you can apply for this card here.
3. Deserve EDU Student Credit Card
Free Year of Amazon Prime Student ($59 Value)
For students and young adults ages 17 to 23, theDeserve EDU Student Credit Card is the best non-Amazon card for Amazon Prime Day — and Amazon spending throughout the year, for that matter.
The reason is simple: It’s the only credit card that offers a full year’s complimentary subscription to Amazon Prime for cardholders who spend at least $500 in eligible purchases in the first three billing cycles.
To capture the full value of this deal — $59 — sign up for Amazon Prime Student, pay for your membership with your Deserve EDU Student Credit Card, and meet the qualifying spend requirements.
Once your free trial period (if any) ends, you’ll see the reimbursement for the Prime Student fee on your card’s billing statement. If you elect to pay for Amazon Prime Student on a month-to-month basis, you’ll receive nine consecutive reimbursements, one per month.
Other notable benefits of the Deserve Edu card include $100 off your Feather furniture subscription in the first month when you sign up with the promo code “DESERVE100,” a cellphone protection policy worth $600 per claim, and a $10 statement credit after you pay for three consecutive monthly insurance statements with Lemonade — a next-generation homeowners and renters insurance solution — using your Deserve card.
- Earning Rewards: All eligible purchases earn unlimited 1% cash back, with no caps on how much you can earn.
- Redeeming Rewards: Redeem in any amount for credits against Amazon purchases and cash back via statement credit or direct deposit. You can also redeem for gift cards, merchandise, and other items at various redemption thresholds and point values.
- Introductory APR: None.
- Key Fees: This card has no annual fee. There’s no foreign transaction fee.
- Other Perks: In addition to one free year of Amazon Prime Student for those who meet the qualifying spend, this card has a slew of value-added perks. One key benefit: a cellphone protection policy worth up to $600 per claim.
See our Deserve EDU Student Credit Card review for more information. Learn more about this card and find out how to apply here.
Best Credit Cards to Use on Amazon Prime Day: Cash-Back Cards
If you’re not interested in applying for one of the clear Prime Day winners or a card with a price protection benefit, consider these top-rated cash-back credit cards for your Prime Day shopping.
4. Citi® Double Cash Card
Unlimited 2% Cash Back on Eligible Purchases When You Pay Your Statement Balance in Full
TheCiti® Double Cash Card earns an unlimited 2% cash back when you pay your balance on time and in full. That’s effectively a 2% subsidy on your Prime Day spending, provided you don’t carry a balance past the current statement cycle.
Cash back earned with this card expires after 12 consecutive months of account inactivity, so at a minimum, you’ll want to make Double Cash your go-to Prime Day spending aid each year.
- Sign-Up Bonus: There’s currently no sign-up bonus.
- Earning Rewards: Earn an unlimited 1% cash back on all eligible purchases at the point of sale. Then, earn an unlimited 1% cash back for on-time payments made toward your balance. If you pay your balance in full by the statement due date, you’ll earn a 2% effective rate of return. Earned cash back expires after 12 consecutive months of account inactivity.
- Redeeming Rewards: Redeem your cash-back rewards for a paper check, statement credit, gift card, or bank account deposit, subject to a $25 redemption minimum.
- Introductory APR: Enjoy 0% intro APR for 18 months on balance transfers. Then, variable regular APR applies.
- Key Fees: This card has no annual nail shops that are open today. The foreign amazon prime store card balance transfer fee is 3%.
- Other Perks: Choose your own payment due date and enjoy comprehensive identity theft resolution support through Citi® Identity Theft Solutions.
See our Citi Double Cash Card review for more information. Find out how you can apply for this card here.
5. Chase Freedom Flex℠ Card
5% Cash Back on the First $1,500 Spent in Rotating Categories Every Quarter; 5% Cash Back on Eligible Travel Purchases Made Through Chase Ultimate Rewards; 3% Cash Back on Dining and Drugstore Purchases; 1% Cash Back on Everything Else
The Chase Freedom Flex Credit Card is a potent spending aid for Amazon shoppers on Amazon Prime Day thanks to Chase’s “Shop With Points” feature, which permits direct redemptions for Amazon.com purchases.
On top of 1% baseline cash back on most eligible purchases, these Freedom Flex purchases earn bonus cash:
- 5% cash back on eligible purchases up to $1,500 in quarterly rotating categories, as long as you activate in time (check this quarter’s Chase Freedom categories)
- 5% cash back on Lyft purchases made through March 2022
- 5% cash back on travel purchases made through Chase travel
- 3% cash back on dining purchases at restaurants, including takeout and delivery, and drugstore purchases
Cash rewards accrue as Chase Ultimate Rewards points, a loyalty currency worth $0.01 per point at redemption. For Amazon Prime Day shoppers, the choice is clear: Amazon.com redemptions are the way to go.
- Sign-Up Bonus: Make at least $500 in qualifying purchases within three months of opening your account to earn $200 bonus cash. Plus, earn 5% cash back on grocery store purchases on up to $12,000 spent in the first year. This benefit does not include grocery purchases at Target or Walmart.
- Earning Rewards: Eligible Chase Ultimate Rewards travel purchases earn 5% cash back. Purchases in quarterly rotating categories, up to $1,500 combined spending across all categories, also earn 5% cash back. Through March 2022, qualifying Lyft purchases earn unlimited 5% cash back as well. Drugstore and dining purchases (including takeout and delivery) earn 3% cash back, while all other eligible purchases (including rotating 5% category purchases above the quarterly cap) earn unlimited 1% cash back.
- Redeeming Rewards: Redeem for purchases made directly with Amazon.com at a ratio of 1 point per $0.01. If you prefer, you can redeem for statement credits, bank account deposits, and gift cards, at the same ratio. Noncash redemption options include travel, general merchandise, and other purchases at the Ultimate Rewards portal. Rewards don’t expire as long as your account remains open and in good standing. There’s no minimum redemption threshold for Amazon or cash redemptions.
- Introductory APR: 0% APR on purchases and balance transfers for 15 months. Then, variable regular APR applies.
- Regular APR: Once the introductory promotion ends, variable regular APR applies, currently 14.99% to 24.74% APR.
- Key Fees: There’s no annual fee. The foreign transaction fee is a flat 3%.
- Other Perks: Enjoy a complimentary subscription to DoorDash’s DashPass service for three months from account opening. Thereafter, you’ll get 50% off your subscription for the next nine months.
See our Chase Freedom Flex Credit Card review for more information. Learn more about this card and find out how to apply here.
6. Chase Freedom® Unlimited Credit Card
$200 Bonus Cash When You Spend $500 in the First Three Months and 5% Cash Back on Eligible Grocery Store Purchases (On Up to $12,000 Spent) During the First Year; Redeem Cash Back Directly for Amazon Purchases
TheChase Freedom® Unlimited Credit Card earns an unlimited 1.5% cash back on all eligible purchases, making it a solid choice for Prime Day spending even without a generous sign-up bonus.
With category-leading value, though, said sign-up bonus really does make a difference. When you spend at least $500 in eligible purchases (including at Amazon) within the first three months your account is open, you’ll earn $200 bonus cash.
And you’ll always earn unlimited 1.5% cash back from day one.
Like Chase Freedom Flex, the Chase Freedom Unlimited card boasts Purchase Protection and participates in Amazon’s Shop With Points program, so you can pull the same direct-redemption trick here. What’s better than earning beaucoup bonus points on Prime Day shopping, then cashing in on your next Amazon run?
- Sign-Up Bonus: Earn $200 bonus cash when you spend at least $500 in eligible purchases during the first three months your account is open. Plus, earn 5% cash back on grocery store purchases on up to $12,000 spent in the first year. This benefit does not include grocery purchases at Target or Walmart.
- Earning Rewards: Most eligible purchases earn unlimited 1.5% cash back. However, certain purchases made through Chase’s Ultimate Rewards shopping portal may earn up to 10% cash back. Travel purchases made through the Chase Ultimate Rewards portal earn 5% cash back, while eligible purchases at restaurants and drugstores earn 3% cash back. Once earned, cash back never expires.
- Redeeming Rewards: Redeem your rewards in any amount for statement credits, bank account deposits, and credits against Amazon purchases via Shop With Points. You can also redeem for gift cards (including Amazon gift cards, sometimes at special redemption rates), general merchandise, travel, and more. Redemption minimums and point values may vary for noncash redemption options.
- Introductory APR: Enjoy 0% APR for 15 months on purchases and balance transfers, then variable regular APR applies, depending on your creditworthiness (currently 14.99% to 24.74% APR).
- Key Fees: There is no annual fee. The foreign transaction fee is 3%.
- Other Perks: In addition to Purchase Protection, enjoy extended warranties of up to one year and complimentary loss and damage coverage on rental cars paid in full with your card.
See our Chase Freedom Unlimited Credit Card review for more information. Find out how you can apply for this card here.
Other Options: Welcome Offers, Travel Rewards, and 0% APR Financing
The above cards are on this list for a badcock home furniture lumberton nc They’re the amazon prime store card balance transfer cards to use for Amazon purchases on Prime Day and beyond.
But they’re not the only options for consumers looking to leverage their credit cards’ features and benefits on the biggest retail holiday of the summer.
7. Welcome Offer Cards
If you’re in the market for a new spending aid, consider applying for one of our top cards for sign-up bonuses before Prime Day. In addition to Chase Freedom Unlimited and Freedom Flex, which are already featured above, consider:
American Express Platinum
With the American Express Platinum Card, you earn 100,000 bonus Membership Rewards points when you spend at least $6,000 within six months of opening your account.
Plus, earn 10 points per $1 spent on eligible purchases at restaurants worldwide and when you Shop Small in the U.S. during the first six months your account is open (up to $25,000 in combined purchases).
By front-loading holiday or big-ticket purchases, you can probably take care of a significant share of that required spend on Prime Day.
Capital One Venture Rewards
With the Capital One Venture Rewards Credit Card, you earn 60,000 bonus Venture miles, worth $600 when redeemed against prior travel purchases, when you spend at least $3,000 on eligible purchases within 3 months of opening your account.
8. Travel Rewards Cards
If you’re a frequent traveler, consider one of these premium travel rewards credit cards:
Chase Sapphire Preferred
Chase Sapphire Preferred has a great sign-up bonus that’s worth up to $750. But it’s defined by its unusually generous travel benefits, most notably its 1-to-1 point transfer arrangements with about a dozen top travel merchants and a $50 annual hotel credit on hotel spending through Chase Ultimate Rewards.
By swapping your Ultimate Rewards points for airline miles or hotel points, you can multiply their value and dramatically reduce the cost of international travel. It all starts with this year’s Prime Day shopping blitz.
Chase Sapphire Reserve
Chase Sapphire Reserve is Sapphire Preferred’s grown-up cousin. It boasts the same great 1-to-1 point transfer arrangement, plus an unusually generous redemption rate on travel purchases: $0.015 per point.
If you’re a frequent traveler looking to maximize the value of loyalty currency earned on Prime Day, you can do worse than Sapphire Reserve.
9. 0% APR Cards
If your planned Prime Day shopping blitz is too much for your regular budget to handle, consider one of these top 0% APR credit cards and pay no interest on purchases until the end of the promotional period.
Just remember to pay off your Prime Day purchases in full before the end date; otherwise, you may be on the hook for all interest accumulated during the promotion.
Capital One Quicksilver Cash Rewards
The Capital One Quicksilver Cash Rewards Credit Card isn’t your typical 1.5% cash-back card. It also boasts a category-leading 15-month 0% APR promotion on purchases, making it the ideal card for consumers looking to finance their Prime Day hauls over time.
The Citi Simplicity Credit Card really shines as a balance transfer card, but its 12-month 0% APR promotion for purchases makes it a solid choice for interest-free Prime Day financing too.
Amazon Prime Day isn’t the only once-per-year retail holiday worth saving up for. Black Friday and Cyber Monday, arguably the two biggest retail holidays on the U.S. shopping calendar, come around every fourth quarter. Over the years, they’ve grown into multiday events spanning thousands of online and offline points of sale, including Amazon.
By all means, use one or more of the credit cards on this list to flex your spending muscles on Prime Day. Just don’t blow through your entire annual retail budget this month. Come November, you’ll want some spending power on reserve for the holidays.
Amazon Store Credit Card Review
Shopping from the comfort of home is a lot more convenient www mandtbank com myaccounts trying to fight the crowds at the mall.
If you’re a regular Amazon customer, signing up for an Amazon credit card is a no-brainer.
The Amazon store credit card is designed to be used exclusively for Amazon amazon prime store card balance transfer card is good for someone who wants to earn a whopping 5% cash back on Amazon spending (requires a Prime membership) or to take advantage of 0% APR financing for big purchases.
In this Amazon credit card review, we'll compare rates, fees, and services to other popular credit cards.
Key credit card features:
Credit cards come with lots of fine print and we know lowes account online bill pay easy it is to get bogged down in the details. To make it easier, we’ve highlighted the best reasons to apply for an Amazon credit card:
No annual fee
Some credit cards charge you an annual fee just to have them. That’s on top of the interest you pay if you carry a balance.
The Amazon store card has no annual fee at all.
If you spend $149 or more with your card, you pay no interest if you pay the balance off within six months.
If you spend $599 or more, you get 0% financing for 12 months. There’s also a 0% deal available on selected items for up to 24 months. That includes things like appliances, jewelry, and computers.
5% back when you upgrade to Amazon Prime
With the upgraded Amazon Prime Store card, you earn 5% back every time you shop online at Amazon.com. That’s $5 back on every $100 you spend.
Equal pay financing
Amazon offers 0% financing on certain items for 12 months without requiring a $599 minimum purchase.
Card rates and fees
If you make a purchase that doesn’t qualify for 0% financing, you’ll pay a regular variable annual percentage rate. A variable rate means your APR can go up or down over time. The minimum interest charge is $1.50.
This card doesn’t allow balance transfers or cash advances so there are no fees for that. The only other cost is a $35 late fee if you make a payment past the due date.
Amazon Store Card Account Fees
|Annual Percentage Rate (APR) for Purchases||27.49% This APR will vary with the market based on the Prime Rate.|
|How to Avoid Paying Interest on Purchases||Your due date is at least 23 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.|
|Minimum Interest Charge||If you are charged www 2nd md usbank, the charge will be no less than $1.50.|
|Late Payment||Up to $38|
Why it’s worth it to get the Amazon Prime credit card instead
The basic store card is good for Amazon shoppers but there’s a better option if you want to get paid back even more for shopping online.
Upgrading to an Amazon Prime Store Card opens the door to more impressive benefits, including streaming TV and movies as well as free 2-day shipping on Amazon purchases. Not only that but you can earn rewards on what you spend.
With a Prime store card, you automatically earn 5% back on everything you spend at Amazon, every day.
The rewards you’re earning are applied as a statement credit. Amazon doesn’t cap the amount of rewards you can earn.
They don’t expire as long as your account is open and in good standing.
Getting 5% back on your purchases can add up to some serious savings if you’re a regular Amazon shopper.
It’s the equivalent of getting $50 back for every $1,000 you spend so if you charge $10,000 a year, you’re putting $500 of that right back in your pocket.
Even if you only spend $2,000 a year, you still earn enough back to cover the Prime membership’s annual fee.
Amazon does enforce a catch of sorts for customers who change from the store card to the Prime card.
If you make a purchase that qualifies for 0% financing, you have to decide whether you want to avoid the interest charges or get the 5% back. Amazon doesn’t let you have both.
The current annual membership fee for Prime benefits is $99.
If you already have a membership or you decide to sign up for one, your store card is automatically upgraded to an Amazon Prime credit card.
If you’re on the fence about paying a $99 annual fee, Amazon gives you 30 days to try Prime for free. You can always switch back to a regular Amazon store card before the trial period expires.
Amazon store cards vs. other rewards credit cards
It’s always smart to compare the different Amazon credit card options to some of the most popular rewards cards on the market.
Specifically, we were interested in whether any other cards could help you save the same amount or more on Amazon purchases.
Here’s a quick rundown of the top card alternatives for Amazon shoppers:
Blue Cash Preferred Card from American Express
The gives you cash back for making supermarket purchases each year.
If your grocery store sells Amazon.com gift cards, you can use the Blue Cash Preferred card to save money on gift cards you buy.
This card has a $95 annual fee (see Rates & Fees; terms apply) but that’s still less than the $99 you’d pay each year for an Amazon Prime credit card.
You can earn the fee back and then some if you max out the 3% cash back bonus each year.
Read Blue Cash Preferred Card Editor's Review
U.S. Bank Cash+ Visa Signature
The has a more customizable cash back program that makes it a good pick if you love Amazon.
The card offers the option to earn 5% cash back on the first $2,000 in purchases in two categories of your choice each quarter.
One of the choices is electronics stores, including Best Buy, which sells Amazon gift cards so you can save when you stock up.
read U.S. Bank Cash+ Visa Signature Card Editor's Review
The doesn’t offer any rewards but it’s got something better for people who don’t like paying interest charges.
Typically, the card offers 0% financing on purchases for an extended period of time. You get the same deal on balance transfers. Best of all, there’s no annual fee, no late fees and no penalty rate.
Read Citi Simplicity Card Editor's Review
Discover it® Cash Back
The Discover it® Cash Back card is another cash back card that features rotating spending categories. The cash back bonus tops out at 5% and it applies to Amazon.com purchases during certain quarters of the year.
If you don’t shop at Amazon as often but you still want to get a deal, this no-annual-fee card is worth a look.
Applying for an Amazon store card or Prime card
You can apply for an Amazon store card if you’re a U.S. resident and at least 18. You need to have a Social Security number of a Taxpayer ID number to fill out the application.
Amazon store cards are issued by Synchrony Bank and they’ll check your credit report when you apply. You’ll find out in as little as 15 seconds if you’re approved.
If you’ve got serious delinquencies or a bankruptcy on your credit, it may be tougher to get a card.
Final verdict: Is an Amazon store credit card a good choice for online shoppers?
The answer to that question ultimately depends on how much shopping you do at Amazon and how you prefer to save money.
For shoppers who don’t want to pay interest on larger purchases or get hit with an annual fee, the Amazon store credit card makes sense.
On the other hand, if you already have a Prime membership the 5% back option with the Amazon Prime credit card offers you a little more in the way of rewards.
If you want rewards but you don’t think you’ll use Prime to stream movies how do i change the amazon account on my alexa TV or take advantage of the free two-day shipping, hotels in tarrant county texas better off sticking with one of the no-annual-fee alternatives we mentioned earlier.
See the rates & fees for the mentioned American Express cards: Blue Cash Preferred from American Express (Rates & Fees; terms apply).
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