Amazon prime rewards visa signature card balance transfer

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Amazon Rewards Visa Signature Card

on Chase’s secure website

Amazon Rewards Visa Signature Card

What we like:

For a frequent non-prime user of Amazon

See how this card stacks up to our top rated rewards credit cards

The online all-product marketplace Amazon offers a few different credit cards to its customers. If you’re a regular customer of Amazon without a Prime membership, then the Amazon Rewards Visa Signature Card might be able to help you take advantage of your spending habits.

Benefits and Rewards

The Amazon Rewards Visa Signature Card for non-Prime members comes with solid benefits, and the best of them are geared directly towards Amazon.

Without a Prime membership, you can still get 3% back at Amazon.com, 2% back at all gas stations, restaurants and drug stores, and 1% back on everything else. On top of this, you’ll also get a $50 gift card to Amazon just for getting approved.

When you accrue rewards for spending with the card, these rewards accrue through your Amazon account. You’ll be able to see how much you’ve built up, and you can use them for discounts at checkout. You can redeem any amount of rewards with no minimums.

This credit card also comes with travel and emergency assistance, lost luggage reimbursement perks, baggage delay insurance, and travel accident insurance.

Rates and Fees

Rates

• Min APR: 15.49%
• Max APR: 23.49%
• Balance Transfer: 15.49% – 23.49%
• Cash Advance: 26.24%

Fees

• Annual: $0
• Late Payment: $37
• Balance Transfer: $5 or 5%
• Foreign Transaction: None

Like its Prime Rewards counterpart, the Amazon Rewards Visa Signature Card comes with no annual fee or foreign transaction fee. However, there are a couple of other fees to keep in mind.

Balance transfers come with a fee of either 5% or a flat $5 – the greater rate is taken. For a cash advance, the fees are either 5% or a flat $10 – the greater fee is taken.

Late fees ranges anywhere from as low as $15 up to $37, depending on the size of the due payment. Returned payments range up to $37 as well.

Like most credit cards, the Amazon Rewards Visa Signature has an APR to consider. Regular purchases and balance transfers come with an APR ranging from 15.49% to 23.49%. The cash advance APR is up to 26.49%. All rates are variable.

Bottom Line

If you were a non-Prime member at Amazon and felt left out of the credit card rewards fun, then you can bank on the simple Amazon Rewards Visa Signature Card. It offers similar benefits, albeit lesser benefits, but you can enjoy a simple return on purchases made at Amazon.

If you are a prime member, you should check out the Amazon Prime Rewards Visa Signature Card.

There are few retailers that can compete with Amazon today, and if the number of blue Prime vans that drive past my house daily is any indicator, the company continues to grow and expand. But Amazon doesn’t have to be the only one rewarded.

The Amazon Prime Rewards Visa Signature Card offers extended rewards earning at Amazon.com and Whole Foods Market, along with valuable rewards in other spending categories. And although this card has a $0 annual fee, it does come with a cost you might not expect.

In this Amazon Prime Rewards Visa Signature Card review, we’ll discuss who should get this card, what it offers, and whether it deserves a spot in your wallet.

Who should get the Amazon Prime Rewards Visa Signature Card?

The Amazon Prime Rewards Visa Signature Card is best for loyal Amazon customers. Cardmembers earn 5% cash back at Amazon.com and Whole Foods Market; 2% at restaurants, gas stations, and drugstores; 1% on all other purchases.

Although it doesn’t come with an annual fee, you need an Amazon Prime membership to qualify for this credit card. If you aren’t an Amazon Prime member, you’ll need to look at other rewards card options or sign up for a Prime membership. Of course, earning a higher rewards rate isn’t the only perk of Amazon Prime. A membership gives you access to free Prime delivery services, Amazon Video, and other free and discounted Amazon services.

Although it's one of the best credit cards for shopping on Amazon, it’s not for everyone. If you prefer to shop elsewhere or don’t make enough Amazon purchases to justify having the co-branded card, other cashback credit cards may offer better earning potential over time.

Some cashback credit cards also come with introductory APR offers for purchases and balance transfers. However, the Amazon Prime Rewards Visa Signature Card is not one of those cards. Other credit cards are better suited for balance transfers and large purchases.

Card basics

Amazon Prime Rewards Visa Signature Card benefits and perks

• Generous sign-up offer: You’ll automatically receive a $100 Amazon gift card upon approval for the Amazon Prime Rewards Visa Signature Card, redeemable for millions of items on Amazon.com.
• No annual fee: The Amazon Prime Rewards Visa Signature Card has a $0 annual fee.
• Lucrative rewards: With this card, you can earn 5% cash back at Amazon.com and Whole Foods Market; 2% at restaurants, gas stations, and drugstores; 1% on all other purchases. It’s rare to find a no-fee credit card that offers such high rewards earning rates as this Amazon co-branded card.
• No foreign transaction fees: Amazon purchases aren’t the only thing this card is good for. It’s also the perfect travel companion; cardholders pay no foreign transaction fees on international purchases.
• Travel perks: Travel stress-free thanks to travel accident and baggage delay insurance, and lost luggage reimbursement offered through the Chase credit card.
• Extended warranties: Extend the warranty period by a year on eligible purchases with the Amazon Prime Rewards Visa Signature Card.

Drawbacks to the Amazon Prime Rewards Visa Signature Card

• Limited to Prime members: You must have an Amazon Prime account to qualify for the Amazon Prime Rewards Visa Signature Card. An Amazon Prime membership costs $119 annually. A Student Prime membership is $59. Before you apply, consider whether you’ll earn enough rewards to justify the Prime membership cost.
• No intro APR: The Amazon Prime Rewards Visa Signature Card comes with no introductory APR offer on balance transfers or purchases.

Earning and redeeming Amazon rewards

Potential earnings in years one and two

Here's a look at how your Amazon rewards can add up with the Amazon Prime Rewards Visa Signature Card.

Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend.

Year one earnings: $612 in Amazon rewards

Year two earnings: $512 in Amazon rewards

These values are based on the FinanceBuzz Credit Card Rewards Valuation Model, which takes a look at points earned via spending, the sign-up bonus, and the annual fee.

You could potentially get more value from this card if you do all your grocery shopping at Whole Foods. However, if you factor in the cost of a Prime Membership, year one and two earnings drop to $493 and $303, respectively.

Best ways to earn

If you spend a lot on Amazon purchases, you're in luck. That’s precisely where the Amazon Prime Rewards Visa Signature Card shines. Cardmembers earn unlimited 5% back at Amazon.com and Whole Foods Market with an eligible Amazon Prime membership.

Of course, purchases at Amazon.com and Whole Foods Market aren’t the only ones that earn rewards with this credit card. You’ll also earn 2% back on purchases at restaurants, gas stations, and drugstores and 1% back on all other purchases. The earning potential is comparable with other no-fee rewards cards.

There are few items Amazon and Whole Foods don’t sell. Combined with earning in other popular categories, it's hard to think of a purchase that wouldn’t earn rewards with the Amazon Prime Rewards Visa Signature Card.

Maximizing your redemptions

With this card, you earn rewards points redeemable toward eligible Amazon purchases. You can use points as with any other payment method on Amazon.com. Just choose your Amazon Rewards Visa Signature Card as your payment method and select how many points you want to use toward your purchase.

Using your points is an easy way to save money on Amazon purchases. Amazon rewards points are worth 1 cent apiece.

You can redeem rewards points outside of Amazon too. Other redemption options include:

• Cash back (in the form of a statement credit or direct deposit)
• Travel
• Gift cards

Amazon Prime Rewards Visa Signature Card FAQs

Other cards to consider

If you don’t have an Amazon Prime membership, you can still earn rewards for Amazon and Whole Foods Market purchases with the Amazon Rewards Visa Signature Card. It doesn’t offer the same rewards seen with the Amazon Prime Rewards card offers, but you also don’t need to spend $119 on a Prime membership. It offers 3% cash back at Amazon.com and Whole Foods Market; 2% at restaurants, gas stations, and drugstores; and 1% on all other purchases. Plus, you’ll automatically earn a $50 amazon gift card upon approval of credit card application, and it has a $0 annual fee.

If you’d rather earn cash back at a flat rate for all purchases, opt for Citi® Double Cash Card - 18 month BT offer.

You’ll earn up to 2% cash back on all purchases: 1% as you buy and 1% as you pay for those purchases. There’s no need to track spending categories with Citi Double Cash, and it has a $0 annual fee. It’s simply one of the best cashback credit cards on the market today.

Author Details

Kevin Payne Kevin Payne is a freelance writer specializing in student loans, credit cards, personal finance, and travel. He is a regular contributor to Club Thrifty, Millennial Money, and Student Loan Planner. As the budget and family travel expert behind FamilyMoneyAdventure.com, Kevin recently turned his writing side hustle into his full-time career. He lives in Cleveland, Ohio, with his wife and four kids.

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