The Amazon Prime Rewards Visa Signature Card is a popular credit card that offers customers rewards and benefits. This article provides an in-depth review of the features and benefits of this credit card as well as potential drawbacks, allowing readers to make an informed decision on whether it’s right for them.
The Amazon Prime Rewards Visa Signature Card was designed with loyal Amazon customers in mind. It works just like any other Visa card and can be used anywhere Visa cards are accepted; however, there are added bonuses for those who shop at Amazon frequently. With the card, users earn three points per dollar spent on purchases from Amazon and Whole Foods Market, two points per dollar spent at restaurants, gas stations, drugstores, or when booking flights through American Airlines or directly from airlines websites, and one point everywhere else Visa is accepted. Additionally, holders also receive special discounts such as 5% cashback on all eligible purchases made at Amazon stores worldwide.
When comparing the Amazon Prime Rewards Visa Signature Card to other similar cards available on the market today, it does have some advantages over its competitors. For example, the annual fee is relatively low compared to other reward programs which makes it more attractive than many others out there offering similar services. Furthermore, additional benefits such as complimentary travel insurance and purchase protection can help provide extra peace of mind while using the card abroad or shopping online. Ultimately though only by looking into each aspect carefully can someone decide if this card is right for their needs or not – something we’ll look into further in our full review below.
Overview
The Amazon Prime Rewards Visa Signature Card is a credit card designed for those who regularly shop at Amazon. The card offers rewards points that can be used to purchase products on the website or cashed out for cashback. It also provides exclusive discounts and access to special events. Additionally, it comes with an introductory APR of 0% for six months on purchases, balance transfers, and cash advances. Furthermore, there are no annual fees associated with this card.
One potential downside of this card is its lack of international acceptance; it may not be accepted in all locations outside the United States. Moreover, as customers accumulate more points they must pay attention to their expiration date since unused points expire after three years. Finally, while customers benefit from no foreign transaction fees when using their cards abroad, they still have to contend with any currency conversion costs imposed by merchants.
Benefits & Features
In addition to the rewards and benefits of being an Amazon Prime member, the Amazon Prime Rewards Visa Signature Card offers many other features. The card carries no annual fee and allows users to earn 3% back on all purchases made at Amazon.com; 2% cashback on gas station, restaurant, drugstore and some select streaming services; and 1% cashback on all other net purchases. Additionally, it has a 0% intro APR for 15 months from account opening on balance transfers with a transfer fee of $5 or 5%.
The card also includes travel protection such as rental car insurance coverage as well as lost luggage reimbursement. Furthermore, customers can take advantage of complimentary 24/7 concierge service which provides assistance with airline reservations, hotel bookings and even dinner reservations. Finally, cardholders are eligible to receive exclusive access to special events such as concerts and sporting events through the Chase Experiences Program.
Eligibility Requirements
In order to qualify for the Amazon Prime Rewards Visa Signature Card, applicants must be at least 18 years of age. Furthermore, they must have a valid Social Security Number and be U.S. Residents with permanent addresses in one of the 50 states or the District of Columbia. Additionally, applicants need to meet financial criteria including having satisfactory credit history and income requirements set by Amazon Credit Services LLC (ACS). Approval is subject to ACS’s review and verification process; therefore, qualifying purchases may not immediately appear on account statements after application has been submitted.
Applicants should also consider that this card carries an annual fee of $0 but requires members to have an active Amazon Prime subscription in order to receive its benefits. Therefore, those applying for this card should understand that it comes with specific terms and conditions which apply before making their decision. It is important to read all documentation provided carefully prior to submitting any applications as it outlines further details about eligibility requirements as well as rewards points structure and other features associated with this particular card.
Fees & Interest Rates
The Amazon Prime Rewards Visa Signature Card offers competitive fees and interest rates for cardholders. Annual membership is $99, with no additional fee for the first authorized user added to the account. The APR for purchases and balance transfers ranges from 15.49% to 23.49%, depending on creditworthiness. There is a 3% foreign transaction fee when using the card abroad or making international purchases online. Late payment fees are up to $40 but may be waived if you make at least your minimum payment within five days of its due date. Cash advance fees are either 5% of each cash advance amount or a minimum of $10, whichever is greater; there is also a 25.24% APR that applies on all cash advances taken out with this card.
Balance transfer fees are either 3% of each balance transfer amount or a minimum of $5, whichever is greater; however, they are waived during the introductory period which lasts 12 months after opening an account and comes with 0% intro APR on balance transfers made within 60 days of opening an account.
Alternatives
When looking for an alternative credit card to the Amazon Prime Rewards Visa Signature Card, consumers should consider a few key factors. These include rewards points earning potential, annual fees, and interest rates.
- Cash-back cards offer generous reward opportunities with no annual fee or low fees.
- Cards that have retail store affiliations can provide extra rewards when shopping at certain stores.
- Credit cards with low interest rates can help keep costs down when carrying balances on an account.
- Airline miles programs are beneficial for frequent flyers who wish to accumulate flight miles quickly and easily.
In considering all these elements, one can find the credit card that best suits their budget and lifestyle needs.
Final Verdict
Overall, the Amazon Prime Rewards Visa Signature Card is a good card for those who frequently shop on Amazon and use their rewards points. The benefits are great for everyday purchases at Amazon and other places where you can earn rewards points. However, it does have some drawbacks that should be considered before making the decision to apply for this card.
| Pros | Cons |
| No annual fee | Low sign-up bonus |
| Earn unlimited rewards points | High APR |
| Good cash back rewards | Limited redemption options |
The Amazon Prime Rewards Visa Signature Card has many advantages that make it an attractive choice for those looking to save money while shopping online or in stores. It offers generous cash back rewards with no annual fees, as well as unlimited earning potential on everyday purchases. Additionally, its higher than average APR may not be ideal for people carrying large balances month-to-month. Finally, redemption options are limited when compared to other cards, so users might find themselves stuck if they need specific items or services.
Conclusion
The Amazon Prime Rewards Visa Signature Card is an attractive option for those looking to get greater value from their purchases. Offering 5% cash back on all Amazon and Whole Foods Market purchases, 2% cash back at restaurants, gas stations, and drugstores, and 1% cash back on other purchases with no annual fee make this card a great choice for those who regularly shop with these retailers.
With the full suite of benefits offered by the Amazon Prime Rewards Visa Signature Card, including access to exclusive deals and discounts through Amazon’s Prime program as well as travel insurance coverage, it can be very convenient for frequent shoppers. Furthermore, eligibility requirements are fairly straightforward and fees & interest rates remain competitive when compared to similar cards in the market.
The Amazon Prime Rewards Visa Signature Card can provide consumers excellent rewards when shopping at various outlets while also offering a wide range of additional benefits that may prove useful in different situations. While there are other options available depending on one’s spending habits or financial situation, this card appears to offer good overall value for its users.