Full Review of Amazon Prime Rewards Visa Signature Credit CardPros Show
Cons
Pros Explained
Cons Explained
The Amazon Prime Rewards Visa Signature credit card, with its 5% cash back on purchases at Amazon.com and Whole Foods Market, is best for people who do a lot of their shopping at those retailers. The extra cash back on restaurant, gas station, and drugstore purchases also makes this card attractive if those account for a large part of your spending. Amazon Prime Rewards Visa Signature Credit Card BonusThe bonus for this card is below average, at $100. (When you’re approved, you’ll receive a $100 Amazon.com gift card, which is instantly loaded to your account.) Many other cash back cards, including those with no annual fee, offer higher cash bonuses. Rewards Earning DetailsThis card offers 5% cash back on purchases made at Amazon.com and Whole Foods Market. Additionally, you can earn 2% cash back at restaurants, gas stations, and drugstores. All other purchases receive 1% cash back. Rewards Redemption DetailsYou can redeem your rewards by using Shop with Points at Amazon.com. When choosing your payment method at checkout, you select your Amazon Prime Rewards Visa Signature credit card, and you’ll automatically see how many points you have available—and how that translates into cash. You can then choose to use all of your available rewards, or a portion of them, to pay for your purchase. Every 100 points is worth $1 on Amazon.com, making each point worth one cent. It's also possible to redeem your points through Chase, for gift cards, cash back, and travel, again at a value of one cent per point. Transferring PointsYou can’t directly transfer your Amazon rewards points to airlines or other partners. However, you can use points to purchase travel through the Chase website. How to Maximize Your RewardsThe easiest way to maximize your rewards with this card is to do as much of your spending as possible at Amazon.com and Whole Foods Market to get the 5% cash back. There are no earnings limits. Average CaseAmazon Prime members spend, on average, $1,371 a year at Whole Foods, according to a 2017 analysis by 1010Data. Additionally, the Bureau of Labor Statistics reports that in 2020 the average household spent $1,568 on gas, other fuels and motor oil. It also reports that the average household spent $2,375 on food away from home. At these average rates, the 5% cash back on spending at Whole Foods Market would come to $68.55, and the 2% cash back from gas and dining out would add another $78.86. That’s a total of $147.41 in cash back from just those three categories. Even after offsetting the cost of the $139 Prime membership, this average household would come out about $28.41 ahead. And that still doesn’t account for whatever purchases they make at Amazon.com. Aspirational CaseThe more of your spending you do at Amazon.com and Whole Foods Market, the greater your cash back rewards will be. For example:
The 5% cash back on all of those everyday purchases combined would total $351.10. A family could also make some of their major purchases, such computers, TVs, and furniture on Amazon.com and earn 5% cash back. Those kinds of purchases could easily boost their annual spending by another $2,000, resulting in an additional $100 cash back. After accounting for the cost of a Prime membership, the household would be $332.10 ahead—and that's not including their other purchases that earned 2% or 1% rewards. Amazon Prime Rewards Visa Signature Credit Card's Outstanding Benefits
*Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Standard Benefits
Cardholder ExperienceRatings on Amazon.com show this card receiving 4.3 out of 5 stars. 70% of the reviews gave it 5 stars, while 9% gave it 1 star. Chase, which issues the Amazon Prime Rewards Visa Signature credit card, received a score of 807 out of 1,000 in J.D. Power’s 2021 U.S. Credit Card Satisfaction Study, two points below the national issuer average of 809. In general, this card offers a fairly standard cardholder experience. Many of its perks also come with other Visa Signature cards. The experience is likely to be best for cardholders who redeem their rewards through Amazon's Shop with Points. Cardholders can manage their account online through Chase and can contact Chase by calling the number on the back of their card. Security FeaturesAs with many other credit cards, you can expect zero fraud liability with this card and you won’t be held responsible for unauthorized purchases. If you report a lost or stolen card you can receive an emergency replacement. Fees to Watch Out ForWhile there's no annual fee, the fact that you need to be a Prime member—and pay $139 per year—is something to be aware of. Of course, a Prime membership also has other benefits that may be of value to you. This card's other fees are in line with many competing credit cards. Our VerdictIf you shop frequently at Amazon.com and do a fair amount of grocery shopping at Whole Foods Market, this card, with its 5% cash back and no maximums, can be a valuable addition to your wallet. Additionally, the 2% cash back on purchases at gas stations, drugstores, and restaurants also offers the potential for significant rewards. However, if you don't expect to do much shopping at Amazon.com or Whole Foods Market, the American Express Blue Cash Preferred card, with its 6% cash back at U.S supermarkets (up to $6,000 per year) and streaming services, 3% at U.S. gas stations and transit services, and 1% on all other purchases could be a good choice. There is a $95 annual fee, but it's still less than a Prime membership. If you're more interested in consistent travel rewards, Capital One offers the Venture card, which provides 2X points for every dollar spent everywhere. As with the American Express Blue Cash Preferred card, there is a $95 annual fee. In the end, the Amazon Prime Rewards Visa Signature credit card is a good choice for people who do a lot of their shopping at Amazon.com and Whole Foods Market, especially if they’re already paying for a Prime membership anyway. Investopedia Credit Card Rating Methodology Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members. Overall Star Rating Explained To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card: We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
Does Amazon Prime credit card have foreign transaction fees?You will pay no foreign transaction fees when you use your card for purchases made outside of the United States.
Can I use my Amazon credit card in other countries?Yes, you can use your Amazon.com Credit Card anywhere Visa is accepted. That means you can use your Amazon.com Credit Card virtually everywhere domestically and in over 200 countries around the world.
Can I use my Amazon Prime Visa card anywhere?Not only does the company offer a wide variety of goods but it also offers a co-branded Visa card, especially for its Prime members. The card can be used anywhere that accepts Visa. It offers 5% cashback on all items purchased on Amazon and at Whole Foods markets.
Is Amazon Prime credit card good for travel?The Amazon Prime Rewards Visa Signature Card is a Visa Signature card, which means it offers a strong set of travel-related benefits, especially when you consider that there's no additional annual fee other than paying for Prime membership.
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