HomeCredit Cards ReviewsAmazon Prime Rewards Visa Signature Card: Is it the ‘everything card’?

Amazon Prime Rewards Visa Signature Card: Is it the ‘everything card’?

Created by: Louis DeNicola
Louis DeNicola is an individual money writer as well as has actually written for American Express and also Discover. Editorial Note: Credit report Fate receives settlement from third-party marketers, yet that does not impact our editors’ point of views. Our advertising companions don’t evaluate, authorize or endorse our editorial content. It’s accurate to the most effective of our understanding when it’s uploaded.
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size=” 624″ data-tablesaw-mode= “swipe” > Pros Cons No yearly charge or foreign purchase charges Just available if you have an Amazon.com Prime subscription, which sets you back $119 a year
5% back on Amazon.com and also Whole Foods acquisitions Potentially high APR
Incentives redeemable on Amazon.com, or for money, gift cards or take a trip
$ 70 Amazon.com present card when you’re accepted for the card

What you should learn about the Amazon Prime Incentives Visa Trademark Card

No yearly charge … sort of

Technically, the Amazon Prime Benefits Visa Signature Card doesn’t have an annual fee, which is an advantage for cardholders who want to conserve cash. Yet there’s a catch: You must be an Amazon.com Prime member to make an application for the card, which prices $119 per year (or $12.99 each month) for a nonstudent subscription.

Of course, that $119 approaches greater than just keeping your card yearly. Amazon Prime advantages include complimentary two-day shipping, Prime Video and also extra cost savings at Whole Foods Market, in addition to a long checklist of other benefits.

If you’re currently an Amazon.com Prime participant, then the cost isn’t a worry. Yet if you’re taking into consideration joining so that you can get the card, think of the cost carefully– you would certainly have to spend greater than $2,380 at Amazon.com or Whole Foods every year to balance out the $119 yearly cost. A different cash back card with a lower annual cost (or none in any way) could make even more feeling (and also cents!).

Cardholders that cancel their Amazon.com Prime membership can keep the Amazon Prime Incentives Visa Trademark Card, yet they gain 3% back, instead of 5%, on Amazon.com as well as Whole Foods acquisitions.

You can gain a lot of rewards

The number of points you can gain with the Amazon Prime Benefits Visa Signature Card depends on where you shop.

  • 5% back on acquisitions at Amazon.com and also Whole Foods
  • 2% back on purchases at filling station, restaurants and also medicine shops
  • 1% back on all various other purchases

You can then redeem those rewards towards an eligible acquisition on Amazon.com. However it’s worth keeping in mind that you have various other choices for redemption, like money back, present cards and also travel. In these situations, $1 of rewards amounts to 100 incentives factors, and vice-versa.

In other words, you can get the same value out of this card with cash back as you could with eligible Amazon.com acquisitions. That makes this card extra flexible than several store-branded charge card, which generally need that you utilize your rewards only at the shop and also its affiliates.

Similarly, while various other cards provide 5% cash back on purchases, they might change which shops or categories you’ll gain with throughout the year as well as limit just how much you can earn.

The Amazon.com Prime Incentives Visa Trademark Card uses unrestricted earning capacity. Plus Amazon.com sells a wide range of items– there’s a factor it’s occasionally called “The Everything Store.” And though it’s not called out especially on Amazon.com, you may even have the ability to get 5% back when buying gift cards for businesses other than Amazon.com or Whole Foods with Amazon.com.

You can use this card anywhere Visa is accepted

Some store-branded or consumer credit cards are only accepted at the connected store, and also perhaps with various other associated brands.

Yet you can make use of the Amazon Prime Rewards Visa Signature Card for purchases anywhere that Visa is accepted.

A possibly high APR could cost you

Retail as well as benefits cards often tend to have a higher annual percentage rate than various other kinds of charge card. According to the Federal Book’s November 2018 information, the total typical charge card APR was 14.73%. Contrast that to the Amazon.com Prime Rewards Visa Signature Card– also the most-creditworthy applicants will obtain a higher price, as the card has a variable APR of 16.49% to 24.49% on purchases and also equilibrium transfers.

A high APR isn’t a worry if you pay your expense on schedule and also completely each month. Yet if you bring an equilibrium, after that you might end up paying a great deal in rate of interest. We do not recommend utilizing credit cards for purchases you can not afford to settle by your due day, yet the APR is still a factor to consider if you have to cover emergency situation expenditures that don’t quickly fit into your spending plan.

Various other Amazon cards to consider

There are a few more information that could assist you determine if the Amazon.com Prime Benefits Visa Trademark Card is a good suitable for you.

There are 4 Amazon.com credit cards in total

The Amazon Prime Incentives Visa Trademark Card isn’t the only Amazon card– there are four selections in total.

  • Amazon.com Store Card
  • Amazon.com Prime Shop Card
  • Amazon Benefits Visa Signature Card
  • Amazon.com Prime Incentives Visa Trademark Card

You can only use both shop cards on Amazon.com.

The other Amazon.com Visa card is similar to the Amazon.com Prime Rewards Visa Signature Card because you can use it somewhere else, however it does not need an Amazon.com Prime membership. It likewise just provides you 3% back at Amazon.com and Whole Foods.

Likewise, know that you’ll be considered just for the card you make an application for, so make certain to apply straight for the Amazon.com Prime Rewards Visa Trademark Card if that’s the card you want.

Component of an Amazon.com Family with Prime? You might still certify.

Even if you’re not the primary Prime accountholder, you might certify if you have Prime benefits that somebody show to you through an Amazon.com Home (which allows you to share Prime advantages in between members of the same home, including up to two grownups, four teens as well as four kids). This might decrease the card’s “annual charge” for you, depending upon if (and just how much) you add to that Prime subscription charge.

Don’t unlink your card from your Amazon.com account

If you pick to eliminate the card from your Amazon.com account, you’ll no more make 5% back on Amazon or Whole Foods Market purchases. You can relink the card to obtain the higher price back, though.

Understanding your points and redemption alternatives

We have actually discussed gaining factors with the Amazon Prime Incentives Visa Trademark Card– now let’s have a look at exactly how you can use your factors. The bright side is that there are lots of alternatives here, too.

On Amazon.com, you can redeem your indicate spend for component or all of your purchase. (There are a couple of situations when you can’t utilize your points, such as when purchasing digital songs, Amazon.com Kindle downloads, AmazonFresh things and also book rentals.)

To utilize your factors at Amazon.com, select the Amazon Prime Rewards Visa Trademark Card as your payment approach when taking a look at. You can after that choose the dollar amount you wish to cover utilizing your points. Using your factors in this manner obtains you a redemption value of $1 per 100 factors.

You can additionally redeem your points for money back, present cards or travel on the Chase website. The redemption worth might differ for other sorts of redemptions, however 100 factors also amounts to $1 for Amazon.com, travel, gift cards and money back. Make note though: Redemption for cash starts at 2,000 factors.

Who is this card good for?

If you do the majority of your household buying on Amazon.com and also grocery shopping at Whole Foods, the Amazon.com Prime Rewards Visa Trademark Card might be a match.

Even if you only occasionally patronize these shops however have a tendency to make large acquisitions when you do (like doing all your holiday purchasing on Amazon.com), it could still make good sense to obtain the card, because it technically does not have a yearly fee. Plus, the 2% back at gas stations, restaurants and also drugstores may cover a lot of your other everyday acquisitions.

However the incentives probably will not be worth it if you don’t think you would certainly obtain much use out of an Amazon Prime subscription or you would certainly wind up bring an equilibrium from month to month. Ensure you can manage to repay your card in a timely manner as well as completely every month, as well as don’t get lured to make more (or more expensive) purchases even if you’ll gain incentive points.

While there isn’t a foreign transaction fee, you also will not earn a higher incentives price on travel-related acquisitions with the Amazon.com Prime Incentives Visa Signature Card. It may make sense to maintain a traveling awards credit card in your purse for when you’re reserving travel or you’re far from home.

Not exactly sure this is the card for you? Take into consideration these options.

The Amazon Prime Incentives Visa Signature Card isn’t a perfect suitable for every person. If you’re seeking a brand-new card but have not dropped in love yet, have a look at these various other choices.

  • Amazon.com Benefits Visa Signature Card: This card could be an excellent choice for non– Amazon.com Prime members that regularly go shopping on Amazon as well as at Whole Foods. Research other Amazon credit cards for a more detailed look.
  • Blue Cash Preferred ® Card from American Express: People who invest a lot on groceries and like to patronize a range of supermarkets need to consider this card. Review our evaluation of heaven Cash Money Preferred ® Card from American Express to learn more.
  • Uber Visa Card: If you often eat in restaurants, traveling and store online at a variety of stores, this card’s benefits structure may line up with your investing. Take a look at our review of the Uber Visa Card for even more information.


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