Do You Have to Have Amazon Prime to Post a Review
Snapshot
4.5
Lesser line
The Amazon Prime Rewards Visa Signature Card is a must-have for frequent Prime shoppers and offers impressive reward categories and benefits for a shop-branded credit card. All the same, you may consider looking elsewhere if you favor retail stores outside of Amazon and you want a bit more versatility.
Amazon Prime number Rewards Visa Signature Card
Intro offering
$150 Amazon Gift Card
Regular Apr
14.24% to 22.24% Variable
Recommended Credit Score
Adept to Excellent (670 - 850)
Amazon Prime number Rewards Visa Signature Carte Overview
The Amazon Prime Rewards Visa Signature Card is one of the all-time online shopping credit cards due to its high reward rates on Amazon purchases with no spending caps and Visa Signature benefits. If you spend around $2,800 (preferably more) at Amazon and Whole Foods, this card will requite you a hearty bang for your cadet. Used to its total potential, you can easily compensate the cost of your Amazon Prime membership while enjoying other key perks, including surprisingly rich travel and purchase protections.
The biggest drawbacks are the toll of an Amazon Prime membership, existence locked into Amazon brands and for your best reward tiers and a few missing buy protections—just these are minor nitpicks compared to what many other store cards (don't) offer.
What are the advantages and disadvantages?
Pros
- High earning charge per unit on Amazon and Whole Foods purchases
- Up to $150 bonus Amazon gift card instantly upon approval
- No foreign transaction fees
- Rewards can exist redeemed at an equal charge per unit toward cash back, travel and Amazon purchases
- Carries beefy Chase travel and purchase protections plus Visa Signature benefits, including Luxury Hotel Collection perks and concierge services
Cons
- Requires an Amazon Prime membership, which costs $139 per year
- Only one Amazon Prime number account can exist linked to this card
- Reward points can't be transferred to other loyalty programs
- Although it'south a Chase credit carte du jour, it doesn't accept admission to the Chase Offers or Hunt Ultimate Rewards portals
A deeper await into the current bill of fare offering
Quick highlights
- Rewards rate: v percent back at Amazon.com and Whole Foods Marketplace; 2 pct back at restaurants, gas stations and drugstores; 1 per centum dorsum on all other purchases
- Welcome offer: Up to $150 Amazon gift card upon approval
- Annual fee: $0 ($139 Amazon Prime number subscription required)
- Purchase intro April: N/A
- Balance transfer intro Apr: N/A
- Regular APR: 14.24 per centum to 22.24 per centum variable
Current sign-upwards bonus
Yous can currently receive an up to $150 Amazon gift carte only by beingness approved for the Prime number Rewards Visa carte du jour, which is equal to the card's highest-value promotion we saw earlier in 2021—and a good step up from the most recent $100 gift bill of fare offer. However, it's important to note that the value of this gift card may vary depending on the page you apply from.
Ahead of Prime Day this past June, the Amazon Prime number Rewards Visa Signature Menu updated its intro offer to a sizable up to $150 Amazon gift carte du jour upon approving. This synced perfectly with the x+ percent boosted rewards limited-fourth dimension offer for select products unremarkably seen on Prime Day, which could make the lead-in menses to Prime Day peradventure the best fourth dimension to utilise for an Amazon Prime Rewards Visa card if your application isn't offer the full $150 intro value at the moment.
The $100 promotion wasn't a bad offer by any means—the bonus souvenir card has previously weighed in at a lower $70—but seeing the much more competitive upwards to $150 souvenir card return makes for a much more enticing hook. The $100 value was below the depression end of many sign-up bonuses nosotros typically see, which unremarkably counterbalance in at $150 to $200 with no annual fee cards. However, there is no spending requirement for the standard Amazon credit offer (you receive the bonus instantly) and many store cards don't offering a sign-up bonus at all. As far every bit retail cards get, the bonus is a nice plus since it tin encompass the $139 yearly cost of Amazon Prime membership for the beginning year.
Although it'southward non a traditional sign-up "bonus," there's likewise an alternate Whole Foods Market card art, which became available for new cardholders starting January. 22, 2021. Existing cardholders tin can also switch carte designs if they want to show off their Whole Foods loyalty.
Rewards rate
Regular Amazon shoppers will have no problem earning a slew of rewards with the Prime carte du jour. With 1 of the highest-earning rates available for Amazon purchases, you'll only need to spend $ii,780 each yr to compensate your Prime number membership—or most $232 per month.
How you earn
Amazon.com and Whole Foods Market purchases will earn you unlimited 5 percentage rewards. Plus, you'll earn 2 percent at restaurants, gas stations and drugstores, along with 1 percent back on all other purchases.
Since the 5 percentage category also applies to Whole Foods Market, this is also ane of the best grocery rewards rates if you tin can practice your grocery shopping there.
Amazon and Chase occasionally offer boosted means to earn rewards. Amazon regularly posts express-time "Exclusive Prime cardmember" offers that provide anywhere from 10 to 25 percent dorsum on select items.
How to redeem
Although the reward terms make it sound like yous're earning cash dorsum, you're actually earning points. You lot tin can redeem your points at a one:ane value toward cash back, travel, souvenir cards or Amazon purchases upon checkout.
There is no minimum rewards balance to redeem for greenbacks back or for Amazon purchases, but there's a disappointingly long list of what you can't use points to buy. Many of these items are small purchases that y'all would probably use points on more than often, such equally music, Kindle eBooks and video downloads. Depending on what y'all may spend points on, cash back might be the almost flexible option.
Other cardholder perks
The Amazon Prime Rewards menu carries a surprising number of benefits for a retail card—even Luxury Hotel Collection and concierge service premium travel perks.
Since it'southward a Visa Signature credit card, information technology comes with a scattering of travel and shopping protections that are standard to many rewards cards. Just even these "standard" Visa benefits outnumber other networks', like Discover.
Travel protections
Considering how light co-branded store cards are on perks, the Amazon Prime Rewards menu'south depth of travel protection coverage is remarkable.
Your card'south travel accident insurance (coverage up to $500,000), lost baggage reimbursement (upward to $3,000 per passenger) and baggage delay insurance (reimburses up to $100 per day for three days) practice a petty to polish the rough edges of drome travel. Or, if you're on the road, the auto rental collision damage waiver and roadside dispatch service can be a large assistance in a compression.
Purchase and extended warranty protections
These two buy protection benefits provide some peace of heed when you run into a good deal, but y'all're worried virtually iffy merchants or shipping damage. The extended warranty protection increases eligible warranties (iii years or less) by a whole year. Meanwhile, your purchase protection covers new purchases against damage or theft up to $500 per claim ($fifty,000 per business relationship).
As an online shopping card with Visa Signature benefits, it's surprising that the Amazon Prime Rewards card doesn't come with price and return protection too. It's a bit disappointing that y'all tin can't become your money back if a sketchy seller doesn't offer returns, just return protection is a rarer perk nowadays.
Visa Signature Luxury Hotel Collection and Concierge Service
The Visa Signature level of the Luxury Hotel Collection grants cardholders seven "VIP Guest status" amenities, including automatic room upgrades when available and other free privileges.
When you need to salvage time planning your travel or even at home, the free Visa Signature Concierge Service is like a 24-60 minutes personal assistant that tin volume reservations, tickets and more.
How much are the rewards worth?
Each betoken is worth 1 cent. You lot can maximize your greenbacks back on Amazon by taking advantage of the site's "subscribe and save deals" and other retailers' Amazon gift carte promotions for extra discounts and rewards.
Rates and fees
The rates and fees for the Amazon Prime Rewards card are standard, but the "no annual fee" comes with an important footnote. You lot must have an Amazon Prime number membership to get the card, which is currently $14.99 per month or $139 each yr (if you lot opt to pay for a whole year at once).
Amazon'due south Feb. 18, 2022, Prime yearly membership price increase from $119 (previously $12.99 if y'all pay monthly) may make the extra $400 you need to spend each year (breaking downwards to about $34 more per month) at Amazon or Whole Foods to recoup your membership price a footling tougher, just leaning on your other categories tin can help make full the gap.
Amazon comes with a range of valuable benefits, but the toll of Amazon Prime just for this carte du jour might not be worth it for shoppers that don't regularly shop at Amazon or won't take advantage of other Amazon services like Prime number Video. Information technology takes spending at least $232 each month across Amazon.com and Whole Foods to suspension even on a Prime number membership, or almost $580 per calendar month across your 2 percent categories, then the no-annual-fee Amazon Rewards Visa Signature Card might exist a more reasonable culling if you don't spend a practiced deal more than than that. The standard Amazon Rewards Visa card doesn't crave a Prime subscription only carries a slightly lower rewards charge per unit in substitution.
Other than offsetting Amazon Prime, the only other potential rates to be aware of mainly are the ongoing interest and strange transaction fees. Fortunately, the 14.24 pct to 22.24 percent variable APR can be well below the 22 percent average for co-branded retail cards (co-ordinate to a CreditCards.com survey), and can even exist lower than the current average credit card interest rate. What's more, there are no foreign transaction fees to worry well-nigh if you oft travel.
Bankrate staff experience
Several members of the Bankrate staff love the Amazon Prime Rewards menu and dedicate a regular slot in their wallet to it. Ane of our editors, Nouri Zarrugh, enjoys the versatility Amazon.com online shopping rewards adds to his credit bill of fare rotation:
The Amazon Prime Rewards card has given a prissy heave to my cash back strategy. Considering the variety of items available on Amazon, this card gets y'all 5 percent back on almost anything you can think of—from streaming subscriptions via Amazon Channels to grocery deliveries via Amazon Fresh or Whole Foods to tools and habitation appurtenances—making this easily one of the near versatile cards in my wallet.
— Nouri Zarrugh, Credit Card Reviews Editor at Bankrate
How the Amazon Prime number Rewards Visa Signature compares to other rewards cards
Although they may non be every bit rewarding for shopping on Amazon.com every bit the Amazon Prime Rewards Visa signature is, enough of other cards are designed to advantage online shopping beyond this i retailer. Still, many of these alternatives are limited by quarterly categories, bonus category spending caps and limited-fourth dimension offers, such every bit the Chase Liberty Flex℠ card and the Bluish Cash Preferred® Card from American Express.
The Amazon Prime number Rewards Visa Signature Card vs. the Capital One® Walmart Rewards® Menu
Ultimately, whether the Amazon Prime number Rewards bill of fare or the Capital 1® Walmart Rewards® Carte du jour is the better option depends on which retailer you shop with online more. They have comparable reward programs, except the Amazon bill of fare offers 2 percent rewards at drugstores while the Walmart card offers ii pct cash back on travel. While the Walmart card'southward travel category would probable have more rewards potential, its gas category only covers Walmart and Murphy U.s.a. gas stations while the Amazon card's gas category is much more flexible.
Yous may be able to get more starting time-year value from the Walmart carte du jour since its 12-month 5 percentage cash back rate on in-store purchases when using Walmart Pay simply takes spending over $three,000 that year to eclipse the Amazon card'due south upwards to $150 bonus gift bill of fare. However, factors similar richer benefits, a lower ongoing APR (the Walmart rewards card poses a 17.99 percent to 26.99 percent variable charge per unit) and a more popular online shopping platform could make the Amazon Prime Rewards bill of fare a slightly amend option overall.
The Amazon Prime number Rewards Visa Signature Card vs. the Banking concern of America® Customized Cash Rewards credit card
If you're a big online shopper merely you lot want every bit much rewards flexibility equally yous can become calendar month-to-month, the Bank of America® Customized Cash Rewards credit bill of fare is one of the most versatile greenbacks back cards on the market. Granted, its online shopping category rewards rate is 3 per centum rather than 5 percent, just you tin swap out your three percent category each calendar month for five other choices that include dining, gas, travel and other everyday expenses. You lot'll likewise benefit from fixed 2 percent cash back categories that cover grocery stores and wholesale clubs. More than interestingly, Bank of America's online shopping category is i of the virtually comprehensive bachelor, covering major retailers similar Amazon.com and Walmart.com on top of a myriad of retailers and specialty sites similar Etsy.com.
The downside is that the Depository financial institution of America Customized Cash menu'southward 3 percent and 2 percentage bonus categories share a $2,500 quarterly spending limit, which volition driblet all your spending to one percent cash back if you exceed it. The Banking concern of America bill of fare'southward better $200 greenbacks rewards bonus (afterwards spending $1,000 on purchases inside the commencement ninety days), 15-billing cycle 0% intro April on purchases and residuum transfers (transfers within the start 60 days incur a standard 3 percent fee; $x minimum) and 14.24 percent to 24.24 percent variable APR may offset this hurdle, but the Amazon Prime card offers unlimited rewards. Information technology'south worth noting that, aside from rewards, the Prime bill of fare also has meatier benefits.
Although the Amazon Prime Rewards Visa Signature could be more rewarding if well-nigh of your online shopping is through Amazon, the ameliorate-rounded Bank of America Customized Cash bill of fare could be a more than valuable mean solar day-to-day option if your online spending is varied enough that you can't justify a Prime membership.
Amazon Prime Rewards Visa Signature Carte
iv.5
Intro offer
$150 Amazon Gift Card
Recommended credit
Good to Splendid(670 - 850)
Capital One Walmart Rewards® Mastercard®
Recommended credit
Fair to Good(580 - 740)
Depository financial institution of America® Customized Cash Rewards credit card
Recommended credit
Good to Excellent(670 - 850)
Best cards to pair with the Amazon Prime Rewards Visa Signature
Since the Amazon Prime Rewards bill of fare is focused on rewarding Amazon purchases, other general-purpose cash dorsum credit cards are not bad partners for broader rewards. Flat-rate cards like the Citi® Double Greenbacks Card are solid picks to earn cash dorsum on every purchase you brand.
The Bank of America Customized Cash carte du jour may provide a more consequent base of operations than rotating categories for this pairing strategy since its online shopping category is one of the most robust bachelor (its scope includes specialty sites like Etsy on top of major retailers like Amazon.com) and can exist swapped in each month for expected expenses.
Bankrate insight
When considering expert pairing partners, it'southward worth noting that some carte du jour-linked offer programs like Amex Offers occasionally provide limited-time discounts, or even a college rewards rate, on Amazon.com purchases.
Bankrate's Take: Is the Amazon Prime number Rewards Visa Signature worth it?
The Amazon Prime Rewards card is undoubtedly worth it if you frequently order from Amazon—especially if you spend over $2,780 each year on the site or spend big on Amazon Prime Twenty-four hour period or during the holidays. (Annotation, business owners may save fifty-fifty more with the Amazon Business Prime American Express Credit Carte's extra reward categories.)
With the Prime Rewards card, you can hands reimburse your Prime membership, meliorate protect your purchases and utilize a few travel perks to kicking. The unlimited 5 pct rewards easily outperform other credit cards' online shopping categories.
On the flip side, a full general-purpose rewards bill of fare may earn you more than if you adopt higher rewards rates on more than variable bonus categories or other online retailers. Still, the Amazon Prime Rewards Visa Signature offers better rates and more than versatile rewards than many store cards.
All information about the Amazon Prime Rewards Visa Signature Bill of fare, Capital One® Walmart Rewards® Card, and Amazon Business organisation Prime number American Limited Credit Card has been collected independently by Bankrate.com and has not been reviewed or canonical by the issuer.
Ofttimes Asked Questions
Source: https://www.bankrate.com/finance/credit-cards/reviews/amazon-prime-rewards-visa-signature-card-review/
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