Amazon Prime Rewards Visa Signature Card Review

If you want even more cash back on purchases at Amazon and Whole Foods Market, this is the card for you. This intro card has great benefits and no annual fee.

Written by : Updated On: December 9
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The basics

Reward Rate:

Groceries

Amazon

5%
Groceries

Whole Foods Market

5%
Groceries

Restaurants

2%
Groceries

Gas

2%
Groceries

Drugstore

2%
Groceries

All other purchases

1%
Groceries

Select Amazon purchases

10%

Must be an Amazon Prime member to have and use this card.

Earn 5% cash back at Amazon and Whole Foods Market.

Earn 2% cash back at restaurants, gas stations, and drug stories.

Earn 1% back on all other purchases.

Earn 10% back or more on select Amazon purchases.

Key Features:

Annual Fee

$0 with Prime membership

Intro APR

0% Promo APR for 6-18 months on purchases $50 or more

Regular APR

19.24% - 27.24% variable

Signup Bonus

signup-bonus

$100 Amazon gift card for Rewards card.

Redemption Ways

signup-bonus

Use points when shopping at Amazon.com or redeem for cash back, giftcards, and travel.

Our Verdict

The Amazon Prime Rewards Signature Visa Card is perfect for those that love to shop on Amazon. Although you get 1% cash back on all purchases and 2% at restaurants, you will want to use it for all Amazon shopping to get the full 3% cash back. With no annual fee, there is not a downside to this card. This card would be a great intro card for those new to the credit cards and points game, with low risks and solid rewards. The welcome bonus of a $100 Amazon gift card is given instantly upon approval, so start thinking about what you might want to use it on.

Best Suited for:

Group-11597-2

Avid shopper

You love a great bargain and know your way around a Neiman Marcus as well as a Target. You also love a good online shopping session. Finding a sale at your favorite store is great, but what you really love is a great cash back rewards program.

ProsCons
No annual feeLow cash back on purchases made off Amazon
0% promo intro APRPurchase protection is only up to $500 per claim
Top category is Amazon, which can be used to make just about any purchaseMust be an Amazon Prime subscriber

Hidden perks

This card offers a tiered cash back strategy, with the highest category being Amazon purchases. If you want to offset purchases made on Amazon, this is the card to use.

Comparing Amazon Prime Rewards Visa Signature with a similar card

Amazon Prime Rewards Visa Signature

Reward rate1% - 5%
Reward detailsEarn 5% back at Amazon.com and Whole Foods market with an eligible Prime membership, 2% back at restaurants, gas stations and drugstores, 1% back on all other purchases.
Intro Bonus:$100 Annual fee$0
Regular APR14.49%-22.49%

American Express Blue Cash Preferred®

Reward rate1% - 6%
Reward detailsEarn 6% cashback on groceries and streaming, 3% on transit and gas, 1% on all other purchases
Intro Bonus:$250 Annual fee$95
Regular APR20.99% - 29.99%

Beyond the basics

Balance Transfer Intro APR

19.24% – 27.24%

Cash Advance APR

25.24% – varies with the market based on the Prime rate

Foreign Transaction fee

None

Loan APR

19.24% – 27.24%

Late Payment fee

Up to $39

Penalty APR

Maximum APR is 27.24%

Credit Score required

670+

What we like about this card

The Amazon Prime Rewards Visa Signature Credit Card impresses with its robust cash back rewards, versatile spending categories, and a range of valuable benefits. Whether you’re a frequent Amazon shopper, a food enthusiast, or a traveler, this credit card offers compelling advantages that make it a top choice for many consumers:

1. Generous Cash Back Rewards: One of the standout features of the Amazon Prime Rewards Visa Signature Credit Card is its lucrative cash back rewards program. Cardholders can earn a robust 5% cash back on all eligible purchases at Amazon.com and Whole Foods Market. This elevated cash back rate makes it an excellent choice for frequent Amazon shoppers and individuals who prioritize organic and high-quality groceries from Whole Foods.

2. Competitive Rewards on Dining and Entertainment: In addition to the impressive cash back rate on Amazon and Whole Foods purchases, this credit card offers competitive rewards in other categories. Cardholders earn 2% cash back at restaurants, gas stations, and local transit and commuting, making it a versatile choice for everyday expenses. Furthermore, it provides 1% cash back on all other eligible purchases.

3. Visa Signature Benefits: As a Visa Signature card, this credit card provides access to a range of exclusive benefits, including extended warranty protection, auto rental collision damage waiver, and 24/7 concierge service. These perks add significant value to the overall cardholder experience and enhance the sense of security and convenience.

4. Introductory Bonus and Promotions: The Amazon Prime Rewards Visa Signature Credit Card often comes with an enticing introductory bonus for new cardholders. Additionally, Amazon occasionally runs promotions and discounts for cardmembers, offering even more opportunities to save money on purchases.

5. Syncs Seamlessly with Amazon: The integration of the card with the Amazon ecosystem is seamless. Cardholders can easily apply their cash back rewards directly to their Amazon purchases during the checkout process, providing a hassle-free way to maximize the value of their rewards.

6. Variety of redemption options: In addition to the ability to redeem rewards daily at Amazon.com, you can also redeem through Chase.com for cash back, gift cards, or travel.

 

Drawbacks and considerations

While the Amazon Prime Rewards Visa Signature Credit Card offers a host of enticing benefits, it’s essential for potential cardholders to be aware of some drawbacks and considerations before committing to this credit card. Here are key points to keep in mind:

1. Must have Prime membership: This card doesn’t charge an annual fee, but to take full advantage of the rewards and benefits of the card you must have an eligible Prime membership, which is $139 per year.

2. High APR for Balance Transfers and Cash Advances: While the card offers competitive rewards, it’s important to note that the Amazon Prime Rewards Visa Signature Credit Card comes with a relatively high Annual Percentage Rate (APR) for balance transfers and cash advances. If you anticipate carrying a balance or need to use cash advances frequently, the interest charges can accumulate quickly, potentially offsetting the benefits of the cash back rewards.

3. Focused Rewards Categories: While the 5% cash back at Amazon.com and Whole Foods Market is a significant perk, the card’s rewards structure may not cater to individuals with diverse spending habits. If you spend heavily in categories outside of Amazon and Whole Foods, such as travel or specific retail sectors, you might find that other credit cards offer more tailored rewards for your needs.

4. Credit Score Requirement: The Amazon Prime Rewards Visa Signature Credit Card is designed for individuals with good to excellent credit scores. If your credit history is less than stellar, you may not qualify for this card. It’s important to check your credit score and creditworthiness before applying to avoid potential disappointment.

5. Foreign Transaction Fees for Non-Prime Members: While the card is marketed as a travel-friendly option due to its lack of foreign transaction fees, it’s worth noting that this perk is contingent on maintaining an active Amazon Prime membership. Non-Prime members may still face foreign transaction fees, diminishing the card’s appeal for those who don’t subscribe to Amazon Prime.

Other Offers

Accidental death and dismemberment coverage up to $500,000 when using your card.

If you or an immediate family member have luggage that is lost or damaged by an airline carrier, each passenger is covered up to $3,000.

You are reimbursed up to $100 a day for 3 days to cover toiletries and clothing if luggage is delayed by 6 hours or more.

Access to the Benefit Administrator for legal or medical referrals while on the road.

You are never held responsible for unauthorized purchases on your account.

When paying for rental cars using your card, you can decline the company’s collision insurance, as coverage is included for theft and collision damage for most rentals in the U.S. and abroad.

You can call 1-800-847-2869 for any roadside issue you may have. Service fees will be quoted upon calling and charged to your card.

An additional year of warranty on eligible manufacturer warranties of three years or less.

New purchases are covered against damage or theft for 120 days up to $500 per claim and $50,000 per account.

Cardmembers always receive the best available rate, automatic room upgrades, complimentary Wi-Fi and access to the Visa Concierge Service 24 hours a day.

How to decide if this card is right for you

Choosing the right credit card requires careful consideration of your spending habits, financial goals, and lifestyle. The Amazon Prime Rewards Visa Signature Credit Card offers a unique set of benefits, but it may not be the perfect fit for everyone. Here are some key factors to help you determine if this card aligns with your needs:

1. Evaluate Your Amazon and Whole Foods Spending: The most significant rewards come from the 5% cash back on purchases at Amazon.com and Whole Foods Market. Assess your regular spending at these retailers to gauge how much value you can derive from this feature. If you frequently shop on Amazon or purchase groceries at Whole Foods, the card’s rewards structure can be highly advantageous.

2. Consider Your Overall Spending Categories: Review your monthly budget and spending patterns across various categories to ensure that your other significant spending categories align with the card’s 2% cash back on dining, gas, and drugstore purchases. If your spending is diversified across other sectors, you may want to explore cards with more versatile rewards structures.

3. Assess the Value of Amazon Prime Membership: To fully unlock the card’s benefits, you must maintain an active Amazon Prime membership, which comes with an annual fee. Evaluate whether the perks of Amazon Prime, such as free shipping, access to Prime Video, and exclusive deals, align with your lifestyle. If you are already an avid user of Amazon Prime services, the additional annual fee may be justified by the overall value of the membership.

4. Determine Your Travel Needs: If you frequently travel internationally, the Amazon Prime Rewards Visa Signature Credit Card’s lack of foreign transaction fees can be a significant advantage. However, if you don’t travel often or have other credit cards that offer comparable travel benefits, this feature may hold less weight in your decision-making process.

5. Consider Your Credit Score: The Amazon Prime Rewards Visa Signature Credit Card is designed for individuals with good to excellent credit scores. Before applying, check your credit score to ensure you meet the eligibility requirements. If your credit score falls below the recommended range, you may want to explore other credit card options that better suit your current financial profile.

 

Pair this card with:

Discover it® Cash Back Credit Card

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To get even more rewards, you could pair this card with another cash back card that emphasizes different categories than the Amazon Rewards card. The Discover It Cash Back card is another non annual fee card that gives 5% cash back on rotating categories each quarter. You get to choose which category you want, which sometimes includes Amazon, or it could be supermarkets, dining, travel, or grocery.

Apply now: Discover it® Cash Back Credit Card 

Apply now Explore more credit cards

FAQs

JPMorgan Chase Bank issues Amazon Visa credit cards.

The rewards you earn with the Amazon Prime Rewards Visa Signature Credit Card can be conveniently redeemed through various options, primarily centered around maximizing your benefits on Amazon purchases:

1. Apply Cash Back at Checkout: The most straightforward way to use your rewards is by applying them directly to your eligible Amazon.com purchases during the checkout process. When making a purchase, you’ll be prompted to apply your available cash back balance.

2. Redeem for Gift Cards: The Amazon Prime Rewards card also allows you to convert your cash back rewards into Amazon gift cards. This provides flexibility in using your rewards, as gift cards can be applied to a wide range of products on Amazon. Keep in mind that the conversion rate may vary, so it’s advisable to check the current rates and terms.

3. Apply to Statement Credit: While the card is heavily associated with Amazon purchases, you do have the option to redeem your cash back rewards as a statement credit. This can help offset your credit card balance, providing a more generalized use of your rewards.

4. Withdraw as a Deposit: You can choose to have it deposited directly into your bank account.

Yes, the Amazon Prime Rewards Visa Signature Credit Card can contribute to building and improving your credit score. The activity on your Amazon Prime Rewards Visa Signature Credit Card is reported to the major credit bureaus (Experian, Equifax, and TransUnion). This includes information about your payments, credit utilization, and other key aspects of your credit behavior.

Yes, you can use your Amazon credit card anywhere that takes Visa, such as in the U.S. and in more than 150 countries worldwide. Unlike store cards tied to a particular retailer, you can use the Amazon Visa as a regular credit card.