Rating: 5 Stars
Bottom Line:
Rewards for Amazon Prime Members
TABLE OF CONTENTS
Card Details
| Regular APR: | 15.99% – 23.99% (Variable) |
| Intro APR (Purchases): | None |
| Intro APR (Balance transfers): | None |
| Rewards Rate: | 5% back on Amazon.com and Whole Foods purchases with an eligible Prime membership 2% back on restaurant, gas station and drug store purchases 1% back on other purchases |
| Credit Needed: | (670 – 850) Excellent/Good |
| Annual Fee: | $0 ($119 Amazon Prime membership required) |
| Card Brand: | Visa |
*See online credit card application for details on the terms and conditions.
Offer Highlights
- Click APPLY NOW to apply online
- 5% back at Amazon.com and Whole Foods Market with an eligible Prime membership
- 2% back at restaurant, gas stations and drug stores
- 1% back on all other purchases
- With an eligible Prime membership, you can earn 5% Back at Amazon.com and Whole Foods Market. In all other cases, you will earn 3% Back at Amazon.com and Whole Foods Market.
- One Amazon.com account will be used to determine your eligibility for 5% Back. By default, we?ll use the account from which you applied. Keep your Amazon Prime Rewards Visa Signature Card loaded to this account to continue earning 5% Back.
- Certain changes to your Amazon.com account, like closing your Amazon.com account, may cause you to earn 3% Back instead of 5% Back on Amazon.com and Whole Foods Market purchases made by you or any of your authorized users.
Is Amazon Prime Rewards Visa Signature worth it?
Amazon Prime Rewards Visa Signature is an excellent card for Amazon Prime members who shop at Amazon.com and Whole Foods often, where they receive 5% back with this card. It?s also a great rewards card for restaurant, gas station, and drug store purchases, which earn 2%.
The points are worth one cent each, so 5% means exactly 5%. If you’re not sure if it’s worth getting Prime to get this card, consider this: If you spent $2580 at Amazon and Whole Foods over the course of the year, you would pay off the membership in its entirety. Looking at it another way, you could spend $500 at Amazon, $1000 at Whole Foods, $700 at restaurants, $1000 on gas, and $1000 at drug stores, and come out ahead.
If this doesn’t sound like a spending threshold you can hit, you might want to opt for Amazon Rewards Visa Signature, which doesn’t require Prime membership. Of course this doesn’t even count the benefits that come with Prime, like free 2-day shipping, Prime Video, and Prime music.
Pros
- $70 Amazon gift card upon approval
- 5% back at Amazon.com and Whole Foods Market
- No minimum required to redeem your points on Amazon.com
Cons
- Requires Amazon Prime membership ($119 annually)
Why 5 Stars?
Regular APR
The APR is not that great at 15.99% ? 23.99%.
4 Stars
Intro APR
There’s no Intro APR on purchases or balance transfers.
4 Stars
Fees
No annual fee, no foreign transaction fee, and no penalty APR. The annual fee is really $129 though, which you pay for Prime membership, but the rewards can more than make up for it as outlined above. There is also a customer report about being charged interest on the full balance, not just the carry-over balance above the minimum payment that you did not pay. This is not normal practice and will result in higher interest charges if you don’t pay off the full balance each month.
5 Stars
Perks
5% back on Amazon.com and Whole Foods purchases is a great rewards rate.
5 Stars
Overall
This card delivers for its intended audience: Prime members. It’s really a no-brainer for people already paying for Prime, because it gives them an 5% off Amazon purchases in addition to the benefits they are already getting. It’s almost an everyday spend card too, with 2% back at restaurants, gas stations, and drug stores. If you’re not on Prime, you won’t be eligible for this card, and you’ll want Amazon Rewards Visa Signature.
5 Stars
Fees
| Foreign Transaction Fee | None |
| Balance Transfer Fee | 5% of the amount of each transaction or $5, whichever is greater |
| Cash Advance Fee | 5% of the amount of each cash advance or $10, whichever is greater |
| Penalty APR | None |
Benefits
| $0 Fraud Liability |
| Auto Rental Collision Damage Waiver |
| Baggage Delay Reimbursement |
| Concierge Service |
| Emergency Card Replacement |
| Emergency Cash Disbursement |
| Extended Warranty Protection |
| Lost Luggage Reimbursement |
| Travel Accident Insurance |
| Price Protection |
| Purchase Protection |
| Return Protection |
| Roadside Dispatch |
| Travel and Emergency Assistance |
| Trip Cancellation/Trip Interruption Reimbursement |
| Trip Delay Reimbursement |
Editorial Note: This content is not provided by the issuer. Any opinion, analyses, reviews, or recommendations expressed on this page are those of the author?s alone, and may not have been reviewed, approved or otherwise endorsed by the issuer.
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