Monday, January 30, 2023

Is The Amazon Visa Card Free

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Suppose you’re making a purchase on Amazon that costs thousands of dollars. With the Amazon Prime Rewards Visa Signature Card, you can choose to opt out of earning rewards and participate in the special 0% APR offer instead:

  • On purchases of $50 or more, split into six equal monthly payments
  • On purchases of $250 or more, split into 12 equal monthly payments
  • On purchases of $500 or more, split into 18 equal monthly payments

If you choose the pay-over-time offer instead, you won’t accrue any interest for the promotional period. The monthly payments will be charged to your statement on your Amazon Prime Rewards Visa Signature Card. If you fail to make your payments within the allotted time period, you’ll start to accrue interest.

While this offer may be helpful for large purchases, we recommend that you avoid this option as you’ll lose the ability to earn rewards on all of your Amazon purchases.

What Types Of Cash

Cash-back credit cards generally fall into four primary categories: flat rate, tiered, rotating or choose your own.

Flat-rate cards offer the same rate for every purchase. Tiered cards offer a different rewards rate for different categories of spending. Rotating category cards offer different rewards each quarter, determined by the card issuer. Choose-your-own category cards allow you to choose your rewards category.

How Can You 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% to 25% on Amazon purchases — on top of the 5% rewards.

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Use Rewards Points From Other Credit Cards

Several credit card issuers now allow cardholders to use rewards points to shop on Amazon, including American Express, Capital One and Discover.

Also, cardholders of the Discover it Cash Back and Discover it Student Cash Back cards can earn 5% cash back on up to $1,500 in Amazon purchases from Oct. 1 through Dec. 31 of this year.

Depending on how many rewards points are earned and used on Amazon purchases, cardholders just might offset the cost of their Prime membership.

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Where Can Someone Get The Amazon Prime Rewards Signature Visa Card

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Interested customers can apply for the card online at However, the vetting process will go through Chase Bank, which authorizes and administers the financial logistics and the approval process.

According to, “if your application is instantly approved, you’ll be taken to a page that includes the Cardmember Agreement, the terms of your Amazon Rewards Visa Signature account, and other important information.”

Conversely, if your application isn’t approved instantly, Chase Bank will inform you about your status after reviewing your credit history. This takes approximately two to four weeks. Amazon recommends waiting two weeks after submitting your application before contacting Chase Bank.

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Alternate Pick: Ink Business Preferred Credit Card

The Ink Business Preferred® Credit Card may be a solid alternative to the Amazon Business American Express Card*, offering a strong rewards rate on areas many businesses are likely to find appealing. 3 points per dollar on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per dollar on all other purchases. It also comes with an annual fee of $95 but that may be balanced out by the flexibility of your earnings.

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 , but that yields a lesser value of around 0.8 cents per point.

Amazon Rewards Visa Signature Card* Vs Amazon Business Prime American Express Card*

If you are an Amazon Prime member using Amazon for business purchases and want to enjoy 5% rewards, consider the . The card earns 5% back on the first $120,000 of purchases at, plus 2% back on purchases at U.S. restaurants, U.S. gas stations and wireless telephone services. The card earns 1% rewards on all other purchases.

In addition, the Amazon Business Prime American Express card comes with a host of travel and insurance benefits, including:

  • Baggage insurance
  • Car rental loss and damage insurance
  • Purchase protection
  • Extended warranty

The Amazon Business Prime American Express Card offers the following welcome bonus: Get an Gift Card upon approval for the Amazon Business Prime American Express Card.

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Amazon Rewards Visa Vs Citi Double Cash Card

If you dont shop on Amazon enough to make the most out of the 3% 5% back, you might earn more with the Citi Double Cash Card. Youll earn 1% cashback on every purchase regardless of its category. You also earn another 1% cashback when you pay the balance off for a total of 2% cashback in all categories.

It can be easier to manage this card because you dont have to think about what categories youre spending in to decide which card to use.

Like the Amazon Rewards card, there is no annual fee and the APR is between 14.24% 24.24%.

Another Amazon Card Option

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I might be better off with the . You can get this card without subscribing to Prime. The Amazon Rewards card pays:

  • 3% back at and Whole Foods Market.
  • 2% back at restaurants, gas stations and drugstores.
  • 1% back on all other purchases.

New cardmembers receive a $50 gift card instantly upon approval.

I could get a slightly better return, but Id have to use the Chase Freedom Unlimited, which earns 1.5% cash back on most purchases , and transfer those points to my Chase Sapphire Reserve account, where each point is worth 2 cents on average when you redeem them with travel partners, according to TPGs latest valuations.

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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 and at Whole Foods.

Amazon Prime Rewards Visa Signature Card Review: More Details

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 purchases.

For current Amazon Prime subscribers, the Prime card is worth the hoopla. Besides the fact that you will have a shiny, metal card to show off , the card comes with some useful purchase and travel protections, and, of course, a higher rewards rate. However, youll need to shell out $119 for Amazon Prime membership just to obtain the card. While you can get far more than $119 worth of value out of Prime membership, the service doesnt necessarily make sense for every cardholder.

Tip: Amazon Prime membership on its own comes with very valuable benefits, including free two-day shipping and Amazon Video. If you arent currently an Amazon Prime member, we recommend looking in to the full list of benefits to see whether Prime Membership and, by extension, the Amazon Prime card make sense for you.

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What Happens If You Go Over Your Amazon Store Card Limit

If we approve a purchase that makes you go over your credit limit, we do not give up any rights under this Agreement and we do not treat it as an increase in your credit limit. When Payments Are Due. You may at any time pay, in whole or in part, the total unpaid balance without any additional charge for prepayment.

Alternatives To The Amazon Prime Rewards Visa Signature Card

Up to 5% Back With Amazon Prime Rewards Visa Signature Card

If youre looking for the , you cant do much better than the Amazon Prime card. Still, if youre not prepared to spring for Prime membership, and youre looking for a good alternative to the Prime card, you have a few other good options:

  • 3% back on Amazon and Whole Foods purchases
  • 2% back on gas station, restaurant and drugstore purchases
  • 1% back on other purchases
Rewards rate

  • 5% back on rotating quarterly categories, up to $1,500 in purchases per quarter upon enrollment, 1% thereafter
  • 1% on other purchases
  • is a bonus category for Q4 of 2021
Rewards rate

  • 5% cash back on grocery store purchases on up to $12,000 spent in the first year
  • 5% cash back on Lyft purchases
  • 5% cash back on travel through Chase Ultimate Rewards
  • 3% cash back at restaurants and on drugstore purchases
  • 1.5% cash back on all other purchases
Sign-up bonus

  • $50 gift card when youre approved
Sign-up bonus

  • Matches all your cash back in the first year
Sign-up bonus

  • $200 cash back after you spend $500 in the first three months
Annual fee
  • No foreign transaction fee
Other things to know

  • You can transfer points to the certain Chase cards and redeem them for travel through Chase Ultimate Rewards for a 25-50% redemption bonus or transferred to other travel programs

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Review: Is The Amazon Prime Rewards Visa Signature Card The Best Credit Card For You

If you’re an Amazon Prime member and spend a lot at Amazon, Whole Foods, or both, the is worth considering. Along with a welcome bonus of a $100 Amazon gift card instantly upon approval, Amazon Prime members earn 5% back on Amazon and Whole Foods purchases***, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases.

There’s no annual fee for Amazon Prime members, and because it’s a Visa Signature card, it offers solid benefits including extended warranty, purchase protection, and rental car insurance.

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The card also offers a unique pay-over-time feature that can be useful if you want to avoid interest charges, but if you take advantage of this option, you won’t earn rewards for your purchase.

While this is a great card if you do the bulk of your spending at Amazon and/or Whole Foods, there are other credit cards that earn bonus cash back in a wider variety of categories that might be a better fit. Depending on your spending habits, a card with a flat earning rate on all purchases like the Citi® Double Cash Card could earn you more rewards overall.

We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

Alternate Pick: The Blue Business Plus Credit Card From American Express

If your annual spending is far below $120,000 but you still want strong rewards on your business expenses, look at a card like the The Blue Business® Plus Credit Card from American Express . This card offers the following rewards: 2 Membership Rewards points per dollar on everyday business purchases such as office supplies or client dinners up to the first $50,000 in purchases per year, then 1 point per dollar on all other purchases Thats simpler to keep track of and theres no annual fee or associated membership requirement to apply. .

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Can You Cancel Amazon Visa Card

You can cancel your Amazon credit card by calling customer service at 888-247-4080. There is no fee associated with closing your account, but you will have to repay any outstanding balances. Closing a credit card can also have a temporary impact on your credit score. You can learn more about that here.

Do You Need To Have A Prime Membership To Shop At Amazon

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You don’t need a Prime membership to shop at Amazon, though Prime members enjoy free, quicker shipping on millions of items, along with other perks. You do need a Prime membership to apply for the Amazon Prime Rewards Visa Signature Card, as well as the Amazon Prime Store Card, but there are non-Prime equivalents to both cards.

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Can I Use My Amazon Credit Card Anywhere

The Store Card charges no foreign transaction fees, as this card can only be used for purchases and at select U.S. merchants that accept Amazon Pay. Because of that limitation, even if you buy something on that comes from a foreign seller, you wont pay any foreign transaction fees.

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

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The Amazoncom Store Card Is Worth It If You:

  • Are an Amazon Prime member already.
  • Spend at least $2,180 per year on 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 Credit Card. Being a frequent customer of Amazon or Whole Foods is enough to make the Credit Card worth it.

The main difference between the Amazon Store Card and the Amazon Credit Card is that the former can only be used to make purchases at Amazon and where Amazon Pay is accepted, whereas the latter can be used pretty much anywhere in the world. This leads to a second difference, which is the approval requirements. It’s easier to get approved for the Amazon Store Card, which requires just fair credit, while you’ll need at least good credit to get the Amazon Credit full answer

The Amazon Credit Card also offers better rewards and a better initial bonus if you have Amazon Prime . Plus, it rewards you for non-Amazon purchases as well, with 2 points for every eligible $1 spent at gas stations, restaurants and drugstores, and 1 point for every other $1 spent.

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Amazon and Whole Foods shoppers earn a hefty 5% cash back. You’ll also get an Amazon gift card instantly upon approval.

Jaclyn DeJohn


Jaclyn is a CNET Money editor who found the sweet spot between her love for numbers and words. With several years covering business, personal finance and economics, she has consulted small businesses on their content strategies along the way. She is also experienced in real estate investing and contracts. Her tech interests include Tesla, SpaceX, The Boring Company and Neuralink.

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How To Get Amazon Prime For Free: 6 Brilliantly Slick Ways

This past February, increased membership prices for new enrollments, with monthly plans now costing $14.99 while annual ones are $139. The last time the online retailer increased its membership pricing was in 2018, when an annual membership went from $99 to $119.

Despite these periodic price increases, Amazon does pack many perks into its membership. Such examples include free same-day or one- to two-day shipping on millions of items, plus access to Prime Video, Prime Reading, photo storage and Amazon Music.

Theres no reason to pay the full membership price out of your own pocket, though. Keep reading to learn how to get free access to Amazon Prime or cover the cost of a membership.

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