Amazon Prime Rewards Visa Signature Card Review: Should You Get It
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For Amazon Prime members, there’s a lot to love about the Amazon Prime Rewards Visa Signature Card, which comes with a 5% rewards rate that’s hard to beat.
Whether you’re shopping for routine household products or new patio furniture, Amazon has you covered. Paired with the acquisition of Whole Foods, it’s no wonder that many consumers do the bulk of their shopping at Amazon. As an Amazon Prime member, you’ll enjoy benefits such as free two-day shipping, free Whole Foods delivery in eligible areas and more.
Is The Amazon Prime Store Card A Credit Card
Yes, the Amazon Prime Store Card is a credit card issued by Synchrony Bank. However, the card has no network affiliations outside of Amazon.com purchases, so its use is limited. On the other hand, the Amazon Prime Rewards Visa Signature Card and the Amazon Rewards Visa Signature Card are issued by Chase and can be used anywhere Visa cards are accepted.
Alternate Pick: Citi Double Cash Card
There are a number of credit cards on the market that will earn 2% rewards on everything you buy without the need to track categories. One pick to consider is the no-annual-fee Citi® Double Cash Card which earns 1% when you make a purchase and another 1% when you pay your bill. Rewards earned on the card can be used as a statement credit, direct deposit, check or converted to transferable points when paired with a premium card.
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What Credit Score Do I Need For The Amazon Visa Approval Odds
By Adam Jusko, ProudMoney.com, email@example.com
The is a popular credit card for rewards seekers, thanks to its 5 points per dollar on Amazon.com and Whole Foods purchases for Amazon Prime credit card customers , plus 2 points at restaurants, gas stations, and drug stores, and 1 point per dollar everywhere else.
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.
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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.
Amazon Business Prime American Express Card: Best For Businesses
For businesses that make a lot of purchases at Amazon, the has a unique feature that could be extremely valuable right now. The card offers a choice of either 5% cash back on U.S. purchases at Amazon including Amazon Business, AWS and Whole Foods Market on the first $120,000 in purchases each calendar year , or an interest-free 90 days to pay for those purchases. The cash back is earned in points, which can then be redeemed for eligible purchases at Amazon.
With cash flow tight over the last year for many businesses, having the ability to pay for your Amazon purchases in 90 days without accruing any interest could be a huge help. And the card also earns 2% cash back at U.S. restaurants, U.S. gas stations and on wireless telephone services purchased directly from U.S. service providers, as well as 1% cash back on all other purchases.
Theres no annual fee or foreign transaction fees on the card, and new card members can earn a $125 Amazon gift card upon approval with no spending requirement at all. Thats a pretty decent welcome bonus for a card that doesnt cost anything to keep year after year.
Just keep in mind that you need to have an Amazon Prime or Business Prime membership to be eligible for this card businesses without a Prime membership can consider the instead.
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S To Get An Approved Amazon Credit Card
Getting an approved Amazon credit card is usually a pretty quick and easy process to go through, so today we’re walking you through the steps to get an approved Amazon credit card.
The first step in getting an Amazon credit card approved is to go to your bank’s website and initiate an online card request.
Then you need to fill in all the required data, such as social security number, residence address, cell phone number, income tax return, and employment information.
To apply for and get an Amazon credit card, you must have a good credit history , it must be in a positive state for at least the last 6 months.
Finally, you must agree to the terms and conditions in addition to the security guidelines established by the financial institution. The selection process usually takes 10 working days.
What About The Starting Credit Line
Being approved for the Amazon Visa is one thing, but getting a credit line big enough to actually make it useful is another. In general, the lower your credit score, the lower your starting credit line is going to be. Someone with a lower score could start out with a credit line of only $500 while a well-established cardholder with a high credit score and lengthy history of handling credit well could easily get a $5000 credit line or even more.
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Applying For The Amazon Store Card
You can apply for this card by clicking the Apply Now button below, and youll be taken to Amazons website to enter your information.
Youll be asked to sign in to your Amazon account, or to create one if you havent done so already. Then you can finish applying for the card.
If you dont have an Amazon Prime membership, if approved youll be given the standard Amazon.com Store Card. If you do have an Amazon Prime membership youll be given the Amazon Prime Store Card, which offers 5% cash back for Amazon purchases when you decline special financing.
Best For Building Credit: Amazon Prime Secured Card
If you have a limited credit history or are working on rebuilding your credit after a few financial missteps, both the Amazon store cards and the Chase Amazon cards may be temporarily out of reach. And since nearly every new credit card application will result in a hard pull of your credit report, it makes sense to limit applications to cards that offer a decent chance at approval.
A great starting point is the Amazon Prime Secured Card, a secured version of the Amazon store cards. Also issued by Synchrony Bank, the Amazon Prime Secured Card charges no annual fee but requires you to put down a refundable deposit of $100 to $1,000 , which doubles as your credit limit.
To start, the card offers 2% back on Amazon.com purchases for Prime members. After 12 months of responsible use, you may be able to graduate to an unsecured Amazon store card, get your deposit back and boost your cash back rate to 5% on Amazon.com purchases with a Prime membership. The card also charges an ultra-low fixed APR of just 10% and a late fee of up to $5 .
Once your credit score improves, you can also look for a more flexible cash back credit card like one of the Amazon Visa cards. Just keep in mind that since the Amazon store cards and Amazon Visa cards have different issuers, you cant request a product change from one to the other. Youll need to put in a separate application and face a separate hard credit inquiry.
See related: How a secured card helped my credit score
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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, but you have brand loyalty to Amazon and shop frequently on its website, you might consider an Amazon.com or Amazon Prime Store card.
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.
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Amazon Prime Rewards Visa Signature: Best For Amazon Prime Members
If your No. 1 goal is to earn as much cash back as you can at Amazon on an everyday basis, then the is the way to go. This card always offers 5% cash back at Amazon and Whole Foods, 2% cash back at restaurants, gas stations and drugstores and 1% back on everything else. Thats a better return at Amazon throughout the year than any other card on our list.
And at certain times throughout the year typically Prime Day and Black Friday the card earns an even higher cash back amount on select Amazon purchases.
The card also currently offers new card holders a $150 Amazon gift card immediately after being approved for the card. Since theres no minimum spend requirement to get this bonus, you can use this free money to snag your favorite Amazon item while youre doing your holiday shopping.
But theres one caveat: You must have an Amazon Prime membership to get an card, and that can cost as much as $119 per year. Of course, if youre looking for a card specifically for Amazon purchases, theres a good chance youre already a Prime member, in which case this card could be your best option.
The card technically earns points, but the points can only be redeemed for a maximum of 1 cent apiece for a statement credit, a direct deposit to a checking or savings account or to pay for Amazon purchases. The card also offers extended warranty protection and purchase protection, but the coverage isnt as comprehensive as some other credit cards.
Our Thoughts On The Bank Of America Customized Cash Rewards Credit Card
The Bank of America® Customized Cash Rewards credit card offers a unique way to earn. Cardholders can earn 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs , 1% cash back on all other purchases. The 3% categories include gas, online shopping, travel, drug stores or home improvement/furnishings.
The Bank of America® Customized Cash Rewards credit card provides the ability to maximize your rewards based on your spending habits, which can be incredibly valuable throughout different times of the year. For online shoppers, its a no-brainer to choose the online shopping category to make the most of your Amazon purchases.
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Guaranteed Credit Card Canada
Some issuers advertise guaranteed credit card approval , among which Capital One and Home Trust. Capital One features three such products Low Rate Guaranteed, Guaranteed Secured, and Guaranteed MasterCard.
Low Rate Guaranteed MasterCard® requires a security deposit and goes with added incentives such as travel assistance, baggage delay insurance, and common carrier travel accident insurance. Other perks include emergency cash advances and card replacement and extended warranty. All applicants qualify provided that they do not have an account at the bank which was not in good standing and are of legal age.
- Cash advance interest rate: 19.8 percent
- Balance transfer and purchase rate: 14.9 percent
- Annual fee: $79
The Guaranteed MasterCard® is another option for customers who are looking for a guaranteed credit card. This product comes with travel and everyday benefits such as car rental collision waiver, extended warranty, and others. Customers benefit from legal referrals, lost luggage assistance, lost ticket and documents replacements, medical referrals, and others.
- Interest rate: 19.8 percent
- Annual fee: $59
In general to get approved for a guaranteed credit card Canada based customers must make a security deposit which serves as a guarantee of repayment.
Tips To Get A Credit Card Easily
You already have a major head start when it comes to finding an easy credit card to get. But we Hubsters are generous, so here are a few more pointers to ensure success.
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Should You Get This Card
The Amazon Prime Rewards Visa Signature Card is obviously best-suited for those who regularly spend money with Amazon.com and regularly shop at Whole Foods Market. If your porch is constantly littered with Amazon deliveries and the Whole Foods cashier knows you by name, you can easily gain enough value from the card to save on your regular spending and offset the cost of Amazon Prime membership. But if you dont shop Amazon.com or Whole Foods, you can find better rewards rates on your spending from other cards.
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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.
The Blue Cash Preferred Card From American Express
The Blue Cash Preferred Card from American Express offers 6% back on U.S. supermarket purchases . Its a fairly lucrative card overall, also offering 6% on select streaming services in the U.S. and 3% on transit and gas stations. Cash back is received in the form of Reward Dollars that can be redeemed for statement credits. The card comes with a $0 introductory annual fee for one year, then $95 .
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