Amazon Rewards Credit Card and Prime Rewards Card

The Amazon rewards card is a top-rated cash back and rewards credit card offering cardholders a wealth of benefits every time they shop. It’s an Amazon card that can also be used on non-Amazon purchases, making it one of the best rewards cards around. 

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There are actually two Amazon rewards cards: The Amazon Rewards Visa Signature Rewards Card and the Amazon Prime Rewards Visa Card. The rewards rate differs slightly, but each one has many great terms and benefits and we’ll consider both options in this guide and you can decide which one is the better credit card for you.

The Basics

Both the Amazon Visa Rewards Signature Card and the Amazon Prime Rewards Visa Signature Card have some very impressive basic features, including a $0 annual fee and no foreign transaction fees. These cards are designed to lure more people into the Amazon ecosystem, which is one of the largest in the world and includes several major stores and all everyday essentials.

The interest rates are respectable, at 15.74% to 23.74% variable APR, and they are both issued by Chase, which means they have the backing of one of the country’s largest credit card issuers, one responsible for some of the best reward cards on the market (Chase Freedom Unlimited, Chase Sapphire Preferred). 

However, these cards likely won’t benefit you unless you use Amazon or Whole Foods on a regular basis or plan to do so in the future.

You don’t need an Amazon Prime Membership to sign up for the Amazon Rewards Visa Signature Card, but Amazon Prime is required for the card that carries its name. This comes with an extra membership fee, but it also provides some additional benefits for your Amazon account, including free shipping.

The Rewards and Perks

The main attraction of these two credit cards is the rewards they provide. The Amazon Visa Rewards Signature Card offers:

  • 3% on all Amazon purchases (includes Whole Foods Market)
  • 2% on Restaurants, Gas Stations, and Drugstores
  • 1% on all other purchases
  • $50 Amazon Gift Card sign-up bonus on approval

As for the Amazon Prime rewards card, this offers a slightly higher rate on Amazon purchases, but provides much of the same benefits elsewhere:

  • 5% on all Amazon purchases (includes Whole Foods Market)
  • 2% on Restaurants, Gas Stations, and Drugstores
  • 1% on all other purchases
  • $70 Amazon Gift Card sign-up bonus on approval

These are cash back cards with no minimum redeemable rewards, which means you can collect your rewards whether you have $10 or $100. These rewards can be used as statement credit, in which case they will go towards clearing your balance, or they can be used at the checkout to reduce the cost of everyday purchases. 

There are several other redemption options as well, making the Amazon card an ideal choice for low-spenders who typically don’t benefit from air miles and reward points. 

Obviously, the higher rate offered for Amazon purchases means you are encouraged to buy what you need from the Amazon store, but the fact you also receive 1% on all other purchases means you’ll still earn points when buying from grocery stores and online retailers.

Fees

There are a few fees to keep an eye out for, but nothing you won’t find on every other rewards card out there. For instance, the Amazon card charges a balance transfer fee of 5% or $5, depending on which is larger. 

This means that if you move a balance of $10,000 to the card, your balance will grow by $500. However, we wouldn’t recommend this; neither of these cards are balance transfer cards, neither of them has substantial intro APR rates and as reward points are not retroactive, there really is no benefit to transferring a balance.

There are cash advance fees as well, and these are charged at a rather high 5%, which means you’ll definitely want to avoid using this card to gamble or withdraw cash. On a positive note, and as mentioned above, the Amazon Credit Card does not charge an annual fee, nor does it charge for foreign transactions.

How to Apply

You need a credit score of at least 670 to stand a chance of being accepted for the Amazon Credit Card. If you want to apply for the Prime Membership Card, you’ll also need to be a Prime member, which will cost you an extra few dollars a month but provide you with some benefits as well.

Apply for these Amazon credit cards through your Amazon account. The application process is quick, and you will be given an answer within a few minutes. If successful, your card will be mailed to you in the post, after which you can activate it and then start using it.

You’ll get a sign-up bonus when your application has completed successfully and can start using your Amazon card straightaway.

What About the Amazon Store Card?

In addition to the two rewards credit cards mentioned above, Amazon also has two store cards. As with the credit cards, these are offered to Prime members and non-prime members, and they provide a number of rewards, including a sign-up bonus of $10. 

These cards are issued by Synchrony and are a good option for big spenders who want the rewards without committing to a high credit limit. However, they don’t provide as many benefits as the credit cards do.

Bottom Line: Amazon Credit Card Review

The Amazon credit card is one of the best cash back credit cards on the market. It can compete with anything offered by the likes of Capital One, Discover, MasterCard, and American Express, and is especially useful for Amazon members.

It’s not the ultimate rewards card and if you don’t use Amazon you’re limited to a 1% cash back rate, in which case the Chase Freedom or Discover It may be a better option. But if your billing cycle is filled with Amazon and Whole Foods purchases, this card could save you a fortune.

Apply now to get one of these two Amazon cards for yourself. We recommend going with the standard option if you can’t benefit from the additional perks that Amazon Prime provides or you’ll likely be spending a lot of your money away from the site. If not, and if you’re fully committed to this online powerhouse, the Amazon Prime Card is more suitable.