Are you an avid shopper at Amazon.com? If yes, then discover a card that offers cashback on your purchases!
Get a 5% cashback on your purchases with the Amazon Prime Rewards credit card!
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Maximize Amazon Prime membership with the Prime Rewards card, earn rewards on all purchases, 5% cashback on Amazon/Whole Foods products, and extended warranty coverage. Check out our review for more information.
Check out the features below to discover a new method of earning rewards on your daily expenditures!
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Even though the Amazon Prime Rewards card doesn’t have an annual fee, you must have a qualifying Amazon Prime membership to receive the full 5% cashback on Amazon.com and Whole Foods Market purchases. Otherwise, you’ll receive a lower cashback percentage on your purchases.
By utilizing your Amazon Prime Rewards card, you can receive a cashback of up to 5% on purchases made at Amazon.com. Additionally, you can earn a cashback of up to 5% on eligible purchases made at Whole Foods Market. Furthermore, you can earn a cashback of 2% on eligible purchases at restaurants, drugstores, and other select locations. For all other purchases, you can receive 1% cashback. However, these cashback percentages are exclusively available to Amazon Prime members.
Compared to other credit cards in its class, the Amazon Prime Rewards card offers a relatively low credit limit. If your application is approved, you can expect a credit limit of at least $500.
Here are the pros and cons of the Amazon Prime Rewards Credit Card:
Pros:
- 5% Cashback on Amazon Purchases: The Amazon Prime Rewards Credit Card offers a generous 5% cashback on purchases made on Amazon.com. This includes a wide range of products available on the platform, making it an attractive option for frequent Amazon shoppers.
- Rewards on Other Purchases: In addition to the 5% cashback on Amazon purchases, the card also offers rewards on other spending categories. Cardholders can earn 2% cashback at restaurants, gas stations, and drugstores, making it a versatile card for everyday expenses.
- No Annual Fee (with Amazon Prime Membership): While there is an annual fee for the Amazon Prime membership, the credit card itself does not have an annual fee. This can make it a cost-effective option for those who are already Amazon Prime members and regularly shop on the platform.
- Bonus Offer for New Cardholders: The Amazon Prime Rewards Credit Card may offer a bonus incentive for new cardholders, such as a gift card or statement credit after meeting certain spending requirements within the first few months of account opening.
Cons:
- Requires Amazon Prime Membership: To be eligible for the Amazon Prime Rewards Credit Card, you must have an active Amazon Prime membership, which comes with an annual fee. While the membership offers additional benefits like free two-day shipping and access to streaming services, it adds an extra cost for those who do not already have a Prime subscription.
- Foreign Transaction Fees: Similar to other credit cards, the Amazon Prime Rewards Credit Card charges foreign transaction fees for purchases made outside the United States.
By weighing these pros and cons, individuals can determine whether the Amazon Prime Rewards Credit Card is the right fit for their spending habits and financial goals, especially considering the requirement of an Amazon Prime membership.
Amazon Prime Rewards credit card review
Read our Amazon Prime Rewards credit card review to determine if this new co-branded product from Chase is a worthwhile investment for you.
However, would you like a credit card that allows you to make purchases beyond Amazon Prime Rewards? If yes, we suggest the Capital One Venture Rewards Credit Card as an alternative.
This credit card option offers unlimited miles. For instance, you can earn unlimited 2 miles for every dollar spent on purchases and more.
Furthermore, you can receive a credit of up to $100 for Global Entry or TSA PreCheck®. To apply for this amazing card, check out our post below for more details.
Apply for BMO Cashback Business
Discover how to maximize rewards and minimize costs for your business with the BMO CashBack Business Mastercard by reading its review!
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