The Amazoncom Store Card Is Worth It If You:
- Are an Amazon Prime member already.
- Spend at least $2,180 per year on Amazon.com as a Prime member .
- Have fair credit and want to build up your credit score without having to pay an annual fee.
Overall, the two Amazon credit cards are most beneficial for Amazon Prime members. Because both cards come with a $0 annual fee, the value is simply a matter of overcoming the Prime membership fee of $119 per year. But you dont have to be a Prime member to benefit from the Amazon.com Credit Card. Being a frequent customer of Amazon or Whole Foods is enough to make the Amazon.com Credit Card worth it.
The Amazon.com Store Card credit score requirement is 640 or higher this means that you need at least fair credit to get this card. The better your credit score is, the higher your approval odds will be. Keep in mind that they will also look at your credit history, your income, and any debts you might have when making a decision on your application.read full answer
Terms And Conditions Of The Amazon Prime Rewards Signature Visa Card
The annual percentage rate on your card will depend on your . Theres 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|
|21 days after the end of the billing cycle|
How Can I Earn More Cashback With My Amazon Prime Rewards Visa Card
The Amazon Prime Rewards Visa 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.
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Who Is This Card For
The Amazon Prime Rewards Visa Signature is meant for those who participate significantly in Amazons ecosphere. Available exclusively for Amazon Prime members, it rewards those loyalists with best-in-class earnings of 5% back on purchases on the Amazon website and at the Whole Foods grocery store chain. As a no-annual-fee card, its an obvious contender for a spot in your wallet if youre a Prime member anyway, and deserves respect from even the most hard-core points-and-miles enthusiasts. After all, at this point?
However, the card lacks the ability to transfer rewards to travel partners , which means that outside those 5% bonus categories, youre probably better off with another card. It also is subject to Chases 5/24 rule, which means if youve opened a lot of other cards in the past two years, you might not be approved for it until you fall back below that limit.
The card offers a solid return on purchases made within Amazons wheelhouse, but it is best suited for those who prefer simplicity in their credit card rewards and arent interested in maximizing every dollar they spend.
Looking For The Amazon Rewards Credit Card
There’s also an Amazon Rewards Visa cash back card that isissued by Chase, though you need to sign up on Amazon’s site.
This card requires credit scores in the “good” range .But with it, you do get the opportunity to earn 3% cash back rewards that you can apply to your Amazon.com purchases as the rewards are earned.
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Amazon Prime Rewards Visa Features:
- Annual fee: $0, although an annual $119 Amazon Prime subscription is 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 The Amazon Prime Rewards Visa Signature Compares To Other Rewards Cards
Although they may not be as rewarding for as the Amazon Prime Rewards Visa signature is, plenty of other cards are designed to reward online shopping beyond this one retailer. However, many of these alternatives are limited by quarterly categories, bonus category spending caps and limited-time offers, such as the Chase Freedom Flex card and the Blue Cash Preferred® Card from American Express.
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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 required.
- You can use this card when you travel in foreign countries or shop on foreign sites without racking up foreign transaction fees.
- Use an online shopping portal such as eBates to stack up extra cash back on your Amazon purchases .
Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners.
All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the banks website for the most current information.
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Amazon Prime Rewards Visa Signature Card Vs Bank Of America Cash Rewards Credit Card
The Bank of America® Cash Rewards Credit Card is another popular option that lets you choose how you want to earn rewards. You’ll earn 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases.
The 3% purchase categories include gas, online shopping, dining, travel, drug stores or home improvements and furnishings, and you can choose your bonus category monthly. If you happen to spend more at Amazon, or on other online purchases, in a particular month, you can choose to earn 3% on online shopping.
The sign-up bonus may be harder to achieve for some consumers: Online $200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening. If you prefer to diversify your spending, the Bank of America® Cash Rewards Credit Card can help adjust your rewards to your specific needs.
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Not Sure This Is The Card For You Consider These Alternatives
The Amazon Prime Rewards Visa Signature Card isnt a perfect fit for everyone. If youre looking for a new card but havent fallen in love yet, take a look at these other options.
- Amazon Rewards Visa Signature Card: This card could be a good alternative for nonAmazon Prime members who frequently shop on Amazon and at Whole Foods. for a closer look.
- Blue Cash Preferred® Card from American Express: People who spend a lot on groceries and like to shop at a variety of supermarkets should consider this card. Read our review of the Blue Cash Preferred® Card from American Express to learn more.
- Uber Visa Card: If you frequently dine out, travel and shop online at a variety of stores, this cards rewards structure might align with your spending. Check out our review of the Uber Visa Card for more details.
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Amazon Prime Rewards Visa Signature Card
Get a $100 Amazon.com Gift Card instantly upon credit card approval.
|$0, Prime Membership Required|
|Rewards Earning Rate||Earn 5% back at Amazon.com and Whole Foods market with an eligible prime membership, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases.|
|Balance Transfer Fee||Either $5 or 5% of the amount of each transfer, whichever is greater.|
|Foreign transaction fee|
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Purchase And Extended Warranty Protections
These two purchase protection benefits provide some peace of mind when you come across a good deal, but youre worried about iffy merchants or shipping damage. The extended warranty protection increases eligible warranties by a whole year. Meanwhile, your purchase protection covers new purchases against damage or theft up to $500 per claim .
As an online shopping card with Visa Signature benefits, its surprising that the Amazon Prime Rewards card doesnt come with price and return protection too. Its a bit disappointing that you cant get your money back if a sketchy seller doesnt offer returns, but return protection is a rarer perk nowadays.
Drawbacks Of The Amazon Card
While Amazon’s new card overall is a good option for consumers, the card still comes with a relatively high APR of 28.24%, Rossman said. The average median APR for retail cards is 25.64%, according to a CreditCards.com survey.
Store cards typically charge higher rates in large part because they’re easier to get, Rossman said.
Both analysts said consumers need to be especially wary of the special financing with deferred interest on purchases that Amazon promotes. If you don’t pay off the purchase before the promotional, no-interest period ends, you will owe back interest since the original purchase.
If you buy something and you don’t pay it off within that six months or 12 or 24 months, then you will likely get a bill for any interest that would have accrued on that account since the purchase date, Schulz said.
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The Amazon Prime Rewards Visa Signature Card Vs The Capital One Walmart Rewards Card
Ultimately, whether the Amazon Prime Rewards card or the Capital One® Walmart Rewards® Card is the better choice depends on which retailer you shop with online more. They have comparable reward programs, except the Amazon card offers 2 percent rewards at drugstores while the Walmart card offers 2 percent cash back on travel. While the Walmart cards travel category would likely have more rewards potential, its gas category only covers Walmart and Murphy USA gas stations while the Amazon cards gas category is much more flexible.
You may be able to get more first-year value from the Walmart card since its 12-month 5 percent cash back rate on in-store purchases when using Walmart Pay only takes spending over $2,000 that year to eclipse the Amazon cards $100 bonus gift card. However, factors like richer benefits, a lower ongoing APR and a more popular online shopping platform could make the Amazon Prime Rewards card a slightly better option overall.
Chances Of Getting Approved For Amazon Visa For First Card
You guys seem pretty awesome, so I figured I’d sign up and ask my questions here. The main question is what my chances are of getting approved for Chase’s Amazon Rewards Visa Signature card. I know it’s for people with way better credit scores and histories, but from what I’ve read here and on other forums, it seems like it’s relatively easy to get approved for compared to some of the other awesome rewards cards. If it’s just impossible and would be a waste of HP , I’ll apply for the Chase Slate or something unless you guys have other recommendations for someone in my situation.
Basically, I don’t have much of a credit history and I don’t really have an income.
- Back when I was in school I had a student loan that lasted about 6 months and was paid off on time.
- I recently became an authorized user to my dad’s new Chase Freedom Unlimited . I’m the only one that uses it and I pay the balance as soon as it hits.
- His credit score is great. Not sure on specifics because my parents don’t keep track, but my mom said their scores are probably
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Is The Amazon Visa Card Worth It
The 5% rewards rate on Amazon purchases and the$70 gift card you get once approved are both great rewardsthat are tough to beat by any other offer currently on the market.Keep in mind that it’s probably not worth it for you to signup for Amazon Prime just to get the Amazon PrimeRewards Visa Signature Card.
Beside this, is the Amazon Visa card free?
Yes, the Amazon Prime Rewards VisaSignature Card is technically free to own, but youhave to be an Amazon Prime subscriber to qualify. The PrimeRewards card pays: 5% cash back at Amazon.com andWhole Foods Market. 2% back at restaurants, gas stations anddrugstores.
Beside above, can I use my Amazon Visa card anywhere? This card can be used anywhereVisa credit cards are accepted, which is pretty muchanywhere credit cards are accepted. There’s also asimilar card you can only use atAmazon, the Amazon.com StoreCard.
Beside above, what credit score do you need to get Amazon Visa card?
According to the Amazon.com website, you willneed the following minimum to havea likely chance of being approved: Excellent Good and Fair . When you have no history, thatdoesn’t necessarily mean you have a of0.
Which Amazon credit card is best?
Here are the best credit cards for Amazon.compurchases:
- Amazon Rewards Visa.
- Amazon Prime Rewards Visa Signature.
- Discover it® Cash Back.
Why You Might Want A Different Card
You don’t shop at Amazon or whole foods much
Unless you’re doing a significant amount of shopping through Amazon or at Whole Foods, it doesn’t make sense to apply for the Amazon Prime Rewards Visa Signature Card. For starters, Amazon isn’t always the cheapest option especially when you factor in the cost of a Prime membership and Whole Foods didn’t earn the nickname “Whole Paycheck” for carrying budget-minded fare. If you aren’t into membership fees and you’re looking for low prices, consider applying for a different co-branded credit card from a different ubiquitous retail behemoth: namely, the Capital One® Walmart Rewards Mastercard®. The card offers similarly generous rewards for shopping under the Walmart umbrella: 5% back on purchases at Walmart.com 2% back on in-store purchases at Walmart , as well as on travel and restaurant expenses and 1% back on all other purchases. And like Amazon, Walmart also carries just about any item you can think of. The difference? No annual membership fee is required to hold the card.
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How The Amazon Prime Rewards Signature Visa Card Works
Amazon.com is the virtual store that has everythingand 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.
Is Amazon’s Card A Good Choice
Managing a secured card is traditionally a good low-risk way to build positive credit history for those with blemished or no credit, said Matt Schulz, chief industry analyst at CompareCards.
In the U.S., 53 million people have no credit history and another 79 million have subprime credit, according to data analytics company FICO.
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Secured cards are basically meant to be training wheels cards that people use when they’re just getting started in order to help them build credit, Schulz said.
Amazons new credit card also has some benefits that many secured cards dont provide, such as a $10 Amazon gift card as a signup bonus, he said. But the credit card can only be used for Amazon purchases, Schulz added.
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