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Amazon Prime Rewards Visa Credit Card Review
These companies are not responsible for any reviews posted on the website, nor do they endorse or guarantee any posted comments or reviews. Reviews should not be relied upon as the sole basis for choosing a financial product. Read our editorial guidelines for reviews.
The Amazon Prime Rewards Signature Visa card offers up to five percent back in reward points on certain purchases, which can be redeemed at Amazon.com or in a number of other ways. Backed by CHASE, this card was explicitly designed for loyal Amazon customers and is maximized by maintaining an active, eligible Prime membership.Â
Quick facts
- Up to five percent back on Amazon and Whole Foods Market purchasesÂ
- Reward points can be seen and accessed easily at Amazon.com checkout
- Includes travel protection benefits and hotel perks
- Rewards may also be redeemed for cash or program productsÂ
- No annual fee and no reward point expirationÂ
When signing up for the Amazon Prime Rewards card, successful applicants receive a $70 Amazon gift card, which is automatically added to the affiliated Amazon Prime account. The gift card can be used on any future purchase of the cardholder’s choice, and this bonus is subject to credit approval. Â
CREDIT REQUIREMENTS
Reports indicate that a credit score of 640 increases the likelihood of acceptance for the Amazon Prime Rewards Visa. Outlying testimonials say that a credit score as low as 600 could be approved, but applicants in that range might be subject to higher interest rates. Â
The stats
- Variable APR: between 14.24 and 22.24 percent based upon market performance and individual credit worthiness.Â
- Annual fee: None
- Balance transfer fee: $5 or five percent, whichever is greater
- Cash advance fee: $10 or five percent, whichever is greaterÂ
- Foreign transaction fee: None
The rewards
- Five percent back on Amazon or Whole Foods purchases with an eligible Prime membershipÂ
- Three percent back on Amazon or Whole Foods purchases without an eligible Prime membership
- Two percent back on restaurant, gas station, and drugstore purchases
- One percent back on everything else.
PROS
- High reward percentage on qualified purchases
- Easy to redeem reward points at Amazon.com
- Additional reward redemption options beyond Amazon purchases
- Generous sign-on bonus
- No annual fee
- No reward expiration
CONS
- High and variable APR with no introductory rate
- Balance transfers and cash advances earn interest beginning on transaction date
- Must pay balance in full to avoid interest on the entire statement (not just the remainder, according to reviewers)
- Rewards points will be lost if account is closedÂ
- Low grocery reward benefits except at Whole Foods