Amazon comes with a range of valuable benefits, but the cost of Amazon Prime just for this card might not be worth it for some shoppers. If a Prime subscription doesn’t make sense for you, the Amazon Rewards Visa Signature Card is an alternative with a slightly lower rewards rate.
Full Answer
Is the Amazon Prime Visa Signature Card worth the hype?
The card has many of the same features as its predecessor – the Amazon Rewards Visa Signature card – and it improves on the regular Amazon Rewards card by offering an unlimited 5 percent rewards rate on Amazon.com purchases. For current Amazon Prime subscribers, the Prime card is worth the hoopla.
What are the benefits of the Amazon Prime Rewards Visa card?
You are also protected against theft or damage for 120 days up to $500 per claim and $50,000 per credit card account. These two benefits together mean the Amazon Prime Rewards Visa is a good card to use for high-end Amazon purchases on items such as electronics.
Is the Amazon Prime card worth the money?
Besides the fact that you will have a shiny, metal card to show off (yes, the Amazon Prime card is made of metal), the card comes with some useful purchase and travel protections, and, of course, a higher rewards rate. However, you’ll need to shell out $119 for Amazon Prime membership just to obtain the card.
What credit cards can I use if I don't have prime?
If you don’t have an Amazon Prime membership but still frequently use the website to shop, another option is the Amazon Rewards Visa Signature Card. This credit card does not require a Prime membership and still offers 3% back at Amazon and Whole Foods, along with the 2% back at restaurants, gas stations and drugstores.
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Is Amazon credit card really worth it?
Pros and Cons Earning 3% back on your Amazon spending is OK but the real value in this card lies in the 60-day financing option. Unlike a card with a promotional 0% APR offer, you can choose 60-day terms every time you make an Amazon purchase. That extra time may be more meaningful to you than the 3% rewards rate.
What credit score is needed for Amazon Prime Visa card?
What credit score do I need for Amazon Prime Rewards Visa Signature Card? Generally speaking, you'll need excellent credit to qualify for the Amazon Prime Rewards Visa Signature Card. This typically means a credit score of 740 or higher.
What are the benefits of a prime credit card?
Rewards. 3% cash back at Amazon.com and Whole Foods Market; 2% back at restaurants, gas stations and drugstores; 1% back on all other purchases.Welcome bonus. $50 Amazon.com gift card upon approval.Annual fee. $0.Intro APR. None.Regular APR. ... Balance transfer fee. ... Foreign transaction fee. ... Credit needed.
Is Amazon Prime Rewards Visa card free?
The Amazon Prime Rewards card doesn't charge an annual fee, but you'll have to pay up for an eligible Amazon Prime membership to earn the full 5 percent back for Amazon.com and Whole Foods Market purchases if you don't already have one (otherwise, you only get 3 percent back).
How many credit cards should a person have?
It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.
Can I use my Amazon Prime credit card anywhere?
The card can be used anywhere that accepts Visa. It offers 5% cashback on all items purchased on Amazon and at Whole Foods markets. Newcomers get a $200 Amazon Gift Card instantly upon credit card approval. 2 Cardholders may also select a card design featuring either Amazon or Whole Foods.
Is it okay to have 2 credit cards?
These days, having multiple credit cards is common—but is it a good idea? Yes, if you want more flexibility (and rewards) than a single card can give, and you can handle the responsibility of keeping on top of the number you choose.
Will applying for an Amazon credit card affect my credit score?
Yes, applying for an Amazon card does hurt your credit score by a small amount. When you apply for either the Amazon.com Credit Card or the Amazon.com Store Card, you must authorize a hard pull of your credit, which will temporarily drop your credit score by 5 to 10 points.
What is a good credit score?
670 to 739Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
What bank is Amazon Prime credit card?
ChaseWhat bank issues the Amazon Prime Rewards card? Amazon Prime Rewards Visa Signature Card is issued by Chase. Because of that, you might not be approved if you have opened five or more credit card accounts from all issuers in the past 24 months.
Do Amazon Prime members get Netflix for free?
Is Netflix Free with Amazon Prime? Netflix is neither free nor is it available through a Prime account even if you pay for it. This is because they are completely separate and competing streaming services.
Can I use my Amazon credit card at Walmart?
Can I use my Amazon Credit Card at Walmart? The Amazon Credit Card can be used at Walmart. But that applies only if you have the Visa version of the Amazon Credit Card (you can find the Visa logo on its front). And it's not only Walmart, it's pretty much any merchant, anywhere in the world.
Can I get an Amazon credit card with a 600 credit score?
The Amazon.com Store Card credit score requirement is at least 640; this means that you need at least fair credit to get Amazon.com Store Card. The better your credit score is, the higher your approval odds will be.
What is the easiest Amazon card to get?
If you're an Amazon Prime member, go with the Amazon Prime Rewards Visa Signature Card. Otherwise, your decision is easy: Choose the Amazon Rewards Visa Signature Card. It's nice to know that these two Visa Signature cards are somewhat interchangeable depending on your current Amazon Prime member status.
Who does Amazon Prime pull for credit?
What Credit Bureau Does Amazon Use When Pulling Your Credit For Amazon Prime Rewards Visa? Amazon uses Chase for its credit cards. Chase uses all three credit bureaus and the FICO 8 model when making credit decisions.
How difficult is it to get an Amazon credit card?
Yes, it is hard to get the Amazon.com Credit Card because it requires at least good credit for approval. Unless your credit score is 700 or higher and you have a lot of income, it will be difficult for you to get approved for the Amazon.com Credit Card.
What are the reward rates for the Amazon Prime Rewards card?
The Amazon Prime Rewards Visa card earns rewards on the following bonus categories with an eligible Prime membership: 5 percent rewards on Amazon.c...
What is the annual fee for the Amazon Prime Rewards card?
The Amazon Prime Rewards card doesn’t charge an annual fee, but you’ll have to pay up for an eligible Amazon Prime membership to earn the full 5 pe...
What credit score is needed for the Amazon Prime Rewards card?
Applicants with a good to excellent credit score—a 670 FICO score or higher or a 661 VantageScore or higher—have the best approval odds when applyi...
What happens to my Amazon Prime Rewards card if I cancel Amazon Prime?
Since you don’t need an Amazon Prime membership to hold an Amazon credit card, canceling your Prime account won’t cancel your Amazon Prime Rewards...
What bank does the Amazon Prime Rewards Signature card use?
The Amazon Prime Rewards Signature card is issued by Chase Bank, so it is a Chase credit card. This is important since it means that the Amazon Pri...
Is The Card For You?
This card makes absolute sense for you if you are an Amazon Prime Member and/or Whole Foods enthusiast. While other cards such as the Discover it or Chase Freedom may offer cash-back category bonuses on groceries or quarterly bonuses on Amazon purchases, it’s hard to find a card that offers a higher return rate on both.
What is Amazon Prime Rewards?
Introduction. The Amazon Prime Rewards card is the premium Amazon credit card, available only to Amazon Prime members. It offers a strong 5% cash back on Amazon purchases and Whole Foods purchases with no limit to how much cash back you can earn. This earning rate makes the Amazon Prime Rewards Visa card the best credit card on ...
How much are Amazon Prime points worth?
Redeeming rewards on the Amazon Prime Rewards Visa Signature card is easy. Points are worth 1 cent each no matter how you redeem them. If you choose to redeem for Amazon purchases, you can do so with no minimum redemption required.
How many prime points do you need to redeem a gift card?
Two more complicated ways to redeem exist: redeeming for a merchant gift card or for travel. Gift card prime rewards redemptions require a minimum of 2,500 prime rewards points.
How to determine Amazon Prime rewards?
To determine the rewards potential of the Amazon Prime Rewards Visa we have to look at the bonus categories and calculate what the average American household might spend in those areas. Forbes Advisor uses data from various government agencies in order to determine both baseline income and spending averages across various categories. The 70th percentile of wage-earning households bring in $100,172 annually and we base spending on that number.
How long is Amazon warranty?
The Amazon credit card extends the time period for the U.S. manufacturer’s warranty by an additional year on eligible warranties of three years or less. You are also protected against theft or damage for 120 days up to $500 per claim and $50,000 per credit card account.
Does Amazon Prime have a travel benefit?
Another travel benefit that doesn’t get enough credit is access to the Visa Signature Card hotel collection. The service, free with your Amazon Prime Visa Signature Card, gives you perks at over 900 hotels worldwide including automatic room upgrades (when available) and other goodies often including free breakfast and late checkout. With Visa Signature Card Hotel collection bookings, you can get the perks of hotel status without the onerous stay requirements. The hotel benefit could return hundreds of dollars of cash to your pocket in just one stay.
How to use Amazon Prime Rewards Visa?
How to use the Amazon Prime Rewards Visa Signature card: Sign up for an Amazon Prime membership to apply for the card. Use the Prime card for all your Amazon and Whole Foods purchases to earn the 5% bonus rate and take advantage of the purchase protections. Use your points at checkout on Amazon – you can instantly apply them with no minimum points ...
What is the Amazon Prime Visa Signature Card?
The Amazon Prime Visa Signature card comes with a head-turning number: 5% on Amazon and Whole Foods purchases. The card has many of the same features as its predecessor – the Amazon Rewards Visa Signature card – and it improves on the regular Amazon Rewards card by offering an unlimited 5% rewards rate on Amazon.com purchases.
What is Amazon Prime card?
The Amazon Prime card offers several protections to help protect your purchases made online. The card guarantees zero fraud liability – which means you are never liable for unauthorized purchases made with your card. The card also includes:
How much is Amazon Prime membership?
Even when you factor in the $150 gift card that Amazon offers to new cardholders, the $119 annual fee for Amazon Prime membership takes a chunk out of your potential rewards earnings after your first year. If you spend less than $1,500 on Amazon purchases each year, you may be better off applying for an alternative rotating rewards card that offers 5% earnings on Amazon purchases and pairing it with a cash back card that offers a 1.5 to 2 cash back rate on everyday spending.
What is Amazon's bonus for Whole Foods?
Bonus for Whole Foods customers. Select rotating categories on Amazon will also earn extra rewards up to 20% on top of the default 5% bonus. While the 20% number may seem enticing, however, these bonus categories won’t make up the bulk of your purchases and can be somewhat niche.
How much is Amazon gift certificate?
You can earn a $150 Amazon gift certificate as soon as your application is approved as a sign-up bonus. An instant gift certificate is Amazon’s “business as usual” sign-up bonus, and the current $150 offer is a good bit higher than the card’s former bonus of a $100 gift certificate.
How long does a purchase protection card last?
Purchase protection – Your card covers you for 120 days against damage or theft of purchases, up to $500 per claim and $50,000 per account.
What is Amazon Prime Rewards Visa Signature Card?
Who’s this for? The Amazon Prime Rewards Visa Signature Card, offered through Chase, rewards users with the highest unlimited cash-back rate of the Amazon branded credit cards Select analyzed. For all purchases made by Prime members at Amazon and Whole Foods, you get a robust 5% cash back. That’s one of the key reasons this card was our No. 1 pick overall for online shopping.
What is the best Amazon Prime card?
Our No. 1 pick is the Amazon Prime Rewards Visa Signature Card. Although this card requires users to have an eligible Amazon Prime membership ($119 annually, or $12.99 a month), the company’s branded credit card offers the highest rewards return: 5% cash back at Amazon.com and Whole Foods Market. Since Amazon Prime has 100 million subscribers and is growing, many people already meet this requirement.
How much is Amazon gift card?
New cardholders get a $50 Amazon gift card once their application is approved. Cardholders can also benefit from no foreign transaction fees and select travel benefits, such as travel accident insurance, auto rental collision damage waiver and lost luggage reimbursement.
What is Amazon Prime membership?
Amazon Prime membership gives you access to a number of perks, including free two-day shipping, access to Prime Video and exclusive discounts at Whole Foods.
How many credit cards does Amazon have?
Below, we break down Amazon’s four credit cards to help you choose the best card for your needs.
How many times a month do people buy from Amazon?
More than 40% of online shoppers buy from Amazon at least once a month, according to a recent poll from NPR.
What does deferred interest mean?
Deferred interest means you have to pay all interest you incurred during the intro period if you don’t pay your balance in full before it ends. Prime membership is required. The 5% back only applies to Amazon.com purchases. This card can only be used at Amazon.
What does the Amazon Prime Rewards Visa Signature Card offer?
The best part? There’s no limit to the amount of rewards that you can earn. As a welcome bonus, you’ll get a $100 Amazon.com gift card upon the approval of your application for the card.
How much could I earn with the Amazon Prime Rewards Visa Card?
Whenever we analyze if a card is “worth it” or not, the main factors we consider include:
What rewards cards offer 5 percent back?
If you don’t have a strong preference for a big-box store, you could go with a high-earning rewards card that offers up to 5 percent back on certain spending categories, like the Chase Freedom Flex℠ or the Citi Custom Cash℠ Card . The downsides to these cards are that the bonus categories can change and there is a limit on the amount of rewards you can earn.
How much back is Walmart Pay?
5 percent back on in-store purchases using Walmart Pay for the first 12 months of card ownership as an introductory offer (unlimited 2 percent back on in-store purchases after that)
How much money will Amazon Prime give you in 2020?
So if we use the 2020 figures for as our spending model, an Amazon Prime Rewards cardholder could expect to earn around $247 back from grocery spending at Whole Foods, $48 back from restaurant spending, $31 back for gas station spending and $36 back for apparel spending at Amazon.com (using half of the $1,434 figure), then $7 back on services (the other half of the $1,434 figure) for a total of $369 in rewards for the year. Subtracting the cost of your Prime membership—$119—you would net $250 in rewards.
Which credit card is best for Amazon?
If you’re a big fan of Amazon.com, then you might be considering one of the best online shopping credit cards, the Amazon Prime Rewards Visa Signature Card. This card offers the highest rate of rewards for Amazon.com purchases, plus a handful of other categories.
What is Bankrate's mission?
At Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to:
How should you use the card?
Compared to many other travel credit cards, the Amazon Prime Rewards card offers fewer earnings on both bonus and non-bonus category spending.
Is Amazon Prime free to use?
Yes, the Amazon Prime Rewards Visa Signature Card is technically free to own, but one of the caveats is that you have to be an Amazon Prime subscriber to qualify. In 2018, Amazon increased the price of ...
Who collects Amazon Prime Rewards card information?
The information for the Amazon Prime Rewards card has been collected independently by The Points Guy . The card details on this page have not been reviewed or provided by the card issuer.
Can I get Amazon Rewards without Prime?
I might be better off with the Amazon Rewards Visa Signature Card. You can get this card without subscribing to Prime. The Amazon Rewards card pays:
Does Whole Foods give cash back?
You even can beat the 5% cash back at Whole Foods by using the Blue Cash Preferred® Card from American Express, which offers 6% cash back at U.S. supermarkets (on up to $6,000 per calendar year in purchases, then 1%). Cash back is received in the form of Reward Dollars that can be redeemed for statement credits. Terms apply.
Is it hard to assess the value of Prime membership?
It’s hard (and actually foolhardy) to assess the value of the Prime membership based solely on the return you might get using the online retailer’s credit card — because membership includes so many other tangible benefits — but for argument’s sake, I’m going to try.
Who is Mike Cetera?
Mike Cetera is a contributing writer for The Points Guy. Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
How many different Amazon Visa cards are there?
There are now technically two different Amazon Visa cards. There’s the Amazon Visa Rewards Signature Card, which is the old card in a slightly new form, and the Amazon Prime Rewards Visa Signature Card, which is for card members with an Amazon Prime account.
Why is the refreshed Amazon Visa a big deal?
Why is this a big deal? Because the refreshed Amazon Visa is one of the few no-annual-fee cards to also not charge for foreign transactions.
What are the benefits of Amazon Visa?
It’s the less talked about rewards that I value the most—namely, 2% back at restaurants, drug stores, and gas stations all year long. (Until June, you can also get 2% back at office supplies store, but the benefit is being phased out. If you buy a lot of office supplies , you should perhaps consider the Chase Ink Business Cash, which gives you 5% back on office supplies stores—and some other stuff—up to $25,000 a year, and 2% back on restaurants and gas stations.)
How much back does Amazon Prime give?
As announced last week, the Amazon Prime Rewards Visa Signature now gives members with an eligible Prime account 5% back on every purchase at Amazon. For those card members without a Prime account, the rewards rate remains at 3%.
What is foreign transaction fee?
Foreign transaction fees are like a tax on purchases you make while abroad, adding additional costs onto an already expensive enterprise like foreign travel. If you don’t travel, it will make it cheaper to buy stuff from foreign retailers—like, say, amazon.co.uk.
Can I use my Amazon Visa card at Amazon?
If you’re not already a big Amazon shopper, then don’t let this card turn you into one. I use my Amazon Visa at Amazon, but I use it more often at restaurants and drug stores.
Does Amazon Visa have foreign transaction fees?
With Amazon Visa, you get the no foreign transaction fees and 2% back on dining, all without an annual fee.
Is Prime Rewards worth it?
As long as you pay off the last statement balance in full before the due date, any rewards credit card is worth it. I have the Prime Rewards card and I use it when there are incentives. From March to May, they were giving 5% back on restaurants when the other cards were 1-3% so I used it for all my eating out.
Does Freedom get 5% cashback?
The Freedom gets rotating 5% cashback categories, and Amazon is frequently a category for a quarter each year. Additionally, they have made PayPal a category for two quarters this year, and you can pay with PayPal on Amazon. You'll get the 5% back that way, and be able to use it with the CSR.
What is Amazon Business American Express?
The Amazon Business American Express Card * is the small business credit card that offers elevated rewards on Amazon spending, but without the Prime membership requirement.
What is Amazon Prime Rewards Visa Signature Card?
The Amazon Prime Rewards Visa Signature Card * is one of two Amazon consumer cards, available only to those with an Amazon Prime membership.
How much can you redeem Chase Ultimate Rewards points for?
Rewards earned are Chase Ultimate Rewards points which can be redeemed for cash back at 1 cent per point or redeemed for 25% more value when used to book travel through the Chase Travel Center. You can also use your rewards to redeem for Amazon purchases, but that yields a lesser value of around 0.8 cents per point.
How many Amazon credit cards are there?
There are four Amazon credit cards to consider: two consumer cards and two small business cards. Each card comes with its own set of benefits and potential drawbacks. Is one of them right for you? Let’s take a closer look at each card to help you decide.
How much does Amazon Business Prime cost?
A Business Prime membership starts at $69 annual for one user and goes all the way up to $10,999 a year for over 100 users.
What are the benefits of American Express?
Other benefits: As an American Express card, the card comes with baggage insurance, car rental loss and damage insurance, extended warranty, purchase and return protections.
Is Amazon Rewards a good credit card?
Of course if you rarely shop with Amazon, it doesn’t make sense to get either consumer version of the card as you can find cards offering 2% on everything you buy, not just a handful of categories.
How much is Amazon Prime Student?
If you’re a student taking at least one course at a college in the U.S. or Puerto Rico, you’re eligible for a $59 annual Amazon Prime Student account or a month-to-month rate of $6.49 (for a total annual charge of $77.88).
How many Prime subscribers will there be in 2021?
CEO and founder Jeff Bezos announced in April that there were more than 200 million Prime subscribers worldwide at the beginning of 2021, 50 million more than last year.
Does Amazon Prime have expedited shipping?
The main driver of Amazon Prime has always been free expedited shipping for over 100 million products, with many customers now eligible for one- and two-day shipping at no additional cost.
Does Amazon Prime have free movies?
Since Amazon Prime started, the service has expanded into many other areas, including offering free streaming movies and music, rapid delivery options, and discounts on groceries.
Is Amazon Prime worth it?
Of course, not everything about Amazon Prime is worth the membership. There’s the question of how often you shop on Amazon. If you aren’t ordering much or you don’t think you’ll take advantage of many of the services membership offers, you might as well pass.
Can you get a refund if you haven't used your Prime membership?
Paid members who haven’t used their benefits are eligible for a full refund. You can’t receive a refund if any household member has placed a Prime-eligible order.
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