Which Amazon Credit Card Is Best For Me
The answer largely depends on whether youre a Prime member or have a small business, especially since none of these cards carries an annual fee itself.
If you’re already a Prime member , then the pound-for-pound best option is the Amazon Prime Rewards Visa Signature Card. It earns rich rewards both with the retailer and in several other everyday spending categories rich enough that you could make up the cost of your annual $119 Prime membership fee fairly easily. That’s a big reason it’s one of NerdWallet’s best credit cards of 2021.
If you’re only a casual Amazon shopper, you might do better with the non-Prime Amazon Rewards Visa Signature Card. But you’d probably also do just as well with a general flat-rate credit card like the Citi® Double Cash Card 18 month BT offer, which earns simpler and more flexible rewards on everything you buy.
If you do own a business and Amazon is your go-to shop, you’ll have to do the math to see whether your expenses with Amazon can offset the cost of a Prime membership. If so, then the Amazon Business Prime American Express Card makes the most sense.
Discover It Cash Back
The Discover it® Cash Back card is another cash back card that features rotating spending categories. The cash back bonus tops out at 5% and it applies to Amazon.com purchases during certain quarters of the year.
If you dont shop at Amazon as often but you still want to get a deal, this no-annual-fee card is worth a look.
American Express Gold Card: Best For Purchase And Return Protection
While maximizing cash back or points earned on your purchase is important, there are sometimes other factors youll want to consider when making large purchases. Two credit card benefits that youll especially want to factor in are purchase protection and return protection.
Purchase protection protects eligible items you buy against damage or theft. With this protection, youll be covered against the cost of replacing or repairing the item. With the American Express Gold card, youll get purchase protection for 90 days from the date of purchase, up to $10,000 per claim and $50,000 per card member account per calendar year.
This makes the Amex Gold a fantastic card to use on eligible Amazon purchases, especially the more expensive ones . Purchase protection is a common benefit among credit cards, but many other cards are capped at $500 to $1,000 per claim, which can be limiting for those more expensive items.
Another great credit card benefit is return protection, and truth be told, American Express is one of the best card issuers on this front. With return protection, if youre looking to return an eligible item that you bought on your Amex Gold within 90 days from the date of purchase and the merchant wont take it back, American Express will refund the full purchase price .
Recommended Reading: Best Buy Card App
Amazon Personal Credit Cards At A Glance
Amazon store credit card
Amazon store credit card
Amazon Rewards Visa Signature Card
Where can you use it?
Only at Amazon
Rewards on purchases at Amazon and Whole Foods
Special financing options
5% or special financing
Rewards at restaurants, drugstores and gas stations
Rewards on all other purchases
How Does Amazon Compare With Other Providers
Amazon credit card customers gave the brand 71% in our latest , placing it towards the bottom of our table in joint 17th place.
|Mobile app on a smartphone or tablet||
3 out of 5
Star ratings out of five show levels of satisfaction for each category. Where no stars are given, we received too few responses in our survey to give a rating.
Read Also: My Best Buy Credit Card Visa
How Can I Earn More Cashback With My Amazon Prime Rewards Visa Card
The Amazon Prime Rewards Visa already comes with a high rewards rate of 5% cashback on Whole Foods and Amazon purchases. You could earn more by taking advantage of exclusive offers available to Prime Rewards cardholders that let you earn another 10 – 25% on Amazon purchases, on top of the 5% rewards.
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Also Check: Best Buy Credit Card Citibank
Special Offers For Customers Of Icici Bank
If youre an ICICI Bank customer, youll enjoy exclusive benefits with our Amazon Pay ICICI Bank Credit Card. Heres a sneak peek.
- Through our Culinary Treats Programme, you may save 15% on your dining bills at over 2,500 restaurants across India.
- Every time you refuel, youll enjoy a 1% discount on fuel surcharge payments.
ICICI Bank Amazon Pay Credit Card Charges
- There is no cost to enroll and/or pay an annual fee to be a part of this exclusive program. We dont charge you anything to get the Amazon Pay ICICI Bank Credit Card, whether its a one-time or annual fee.
For Bonus Categories: Cibc Dividend Visa Infinite
On top of its standard 1% earn rate, the CIBC Dividend Visa Infinite card earns accelerated cash back rates in a diverse range of five common spending categories. It earns 4% cash back on both groceries and gas , and you can earn twice the cash back on dining , daily transit , and 2% on recurring bills . And its a standout compared to other cash back cards, as you can redeem whenever you like, as opposed to just once a year. Cash back redemption is done in increments of $25.
- Annual fee: $120
- Welcome bonus: Get 10% cash back for all purchases on your first four statements, or first $2,500 in purchases, up to $250 in cash back). After that, the earn rate becomes 4% on gas and grocery purchases and 1% cash back on everything else.
- Earn rate: 4% cash back on gas and groceries 2% on transportation, dining and recurring bills and 1% on everything else
- Income requirement: $60,000 or $100 as a household
- Additional benefits: Mobile device insurance emergency travel insurance concierge service Visa Infinite Dining and Wine Country program, save up to $0.10 per litre at participating Chevron, Ultramar and Pioneer gas stations when you link your card with Journie Rewards.
Also Check: Cabela’s Credit Card Application Status
Best For Earning Rewards: Amazon Prime Rewards Visa Signature Card
Whether youre a Prime member or not, Chases Amazon cards win out easily on the rewards front. These cards offer many more opportunities to earn rewards on everyday spending and are much more flexible.
Indeed, even with its lower rewards rate on Amazon purchases, the Amazon Rewards Visa Signature Card beats out the Amazon Prime Store Card thanks to rewards flexibility and a higher average rewards rate across purchases outside of Amazon.com.
Theres also a stark contrast when it comes to sign-up bonuses. On either Amazon store card, new members get a $100 Amazon.com gift card upon approval, compared to a $150 and $50 gift card with the Amazon Prime Rewards Visa and Amazon Rewards Visa, respectively.
Tip: The Amazon credit cards arent your only options for earning rewards on Amazon or other online shopping. The Discover it® Cash Back is one good alternative, as it frequently features Amazon.com in its cash back calendar. This year, the card is offering 5% back on Amazon.com purchases from October through December .
A Potentially High Apr Could Cost You
The Amazon Prime Rewards Visa Signature Card has a variable APR of 14.24% to 22.24% on purchases and balance transfers.
A high APR isnt a concern if you pay your bill on time and in full each month. But if you carry a balance, then you might wind up paying a lot in interest. We dont recommend using credit cards for purchases you cant afford to pay off by your due date, but the APR is still a consideration if you have to cover emergency expenses that dont easily fit into your budget.
Also Check: What Are Google Services Charges
Amazon Prime Rewards Visa Features:
- Annual fee: $0, although an annual $119 Amazon Prime subscription is required
- : Good to excellent
- Rewards: Earn 5% cashback on Amazon.com and Whole Foods Market purchases, 2% cashback at restaurants, gas stations and drugstores, 1% cashback on all other qualifying purchases and a bonus of 10% to 25% on select Amazon merchandise
- Welcome offer: $100 Amazon gift card upon approval
- Purchase intro APR: 0% APR up to 18 months
- Balance transfer intro APR: N/A
- Standard APR: Variable APR of 14.24% to 22.24%
Amazon Prime Rewards Visa Signature Card Review: Should You Get It
For Amazon Prime members, there’s a lot to love about the Amazon Prime Rewards Visa Signature Card, which comes with a 5% rewards rate that’s hard to beat.
Advertiser Disclosure: ValuePenguin is an advertising-supported comparison service which receives compensation from some of the financial providers whose offers appear on our site. This compensation from our advertising partners may impact how and where products appear on our site . To provide more complete comparisons, the site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products.
Editorial Note: The content of this article is based on the authors opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.
Citi is an advertising partner
- Unlimited 5% back on all Amazon.com purchases
- $0 annual fee
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Our Thoughts On The Bank Of America Customized Cash Rewards Credit Card
The Bank of America® Customized Cash Rewards credit card offers a unique way to earn. Cardholders can earn 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs , 1% cash back on all other purchases. The 3% categories include gas, online shopping, travel, drug stores or home improvement/furnishings.
The Bank of America® Customized Cash Rewards credit card provides the ability to maximize your rewards based on your spending habits, which can be incredibly valuable throughout different times of the year. For online shoppers, its a no-brainer to choose the online shopping category to make the most of your Amazon purchases.
How Does It Help My Credit
Synchrony, the issuing bank behind the card, will report your payment history to the three national credit bureaus: TransUnion, Equifax and Experian. As a cardholder, you also have access to free credit score monitoring and credit advice.
The program puts credit in the hands of people in a responsible way while giving customers access to tangible benefits such as tools to improve credit, Angie Hu, a spokesperson for Synchrony told USA TODAY.
You could be upgraded to an unsecured card if you meet certain criteria and make payments on time for seven straight months, according to Amazon.
If you are somebody who keeps your balances low, pays your bills on time every time, then it is possible that you could graduate to a new card pretty quickly, Schulz said.
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Amazon Prime Rewards Visa Signature Card Vs Citi Double Cash Card 18 Month Bt Offer
The Citi® Double Cash Card 18 month BT offer is one of the few credit cards that lets you Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. This applies regardless of where you shop meaning you’ll earn 2% back whether you’re shopping on Amazon.com or purchasing movie tickets.
While the Citi® Double Cash Card 18 month BT offer doesnt give you the same 5% reward on Amazon purchases that you can get with the Amazon Prime Rewards Visa Signature Card, the unlimited 2% rate takes the guesswork out of earning rewards. Unfortunately, though, the Citi® Double Cash Card 18 month BT offer comes with no welcome offer whatsoever.
If Amazon.com makes up a large chunk of your total purchases, the Amazon Prime Rewards Visa Signature Card is the better deal. However, if your spending is more varied, go with the Citi® Double Cash Card 18 month BT offer instead.
Amex And Synchrony Financial Are Bidding To Take Over The Portfolio
Amazon is reportedly fielding bids to replace Chase as the issuer for its and . American Express, which issues the retail giant’s business credit cards, and Synchrony Financial, which manages the Amazon store card portfolio and a secured credit card, are both in the running. According to people familiar with the matter, Chase is willing to part with the Amazon rewards card portfolio.
Don’t Miss: Pay Cabelas
Amazon Prime Rewards Visa Signature Card
- Get a $150 Amazon Gift Card instantly upon approval
- 5% Back at Amazon.com and Whole Foods Market with an eligible Prime membership*
- 2% Back at restaurants, gas stations, and drugstores
If it’s ease of use you’re after, this card delivers. It earns 2% cash back on all spending 1% when you make a purchase, and 1% when you pay the bill.
0% intro APR on Balance Transfers for 18 months
0% intro APR for 14 months on purchases and balance transfers
0% intro APR for 15 months on purchases and balance transfers
Recommended Credit Score
|690850good – excellent|
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Is The Amazon Prime Rewards Visa Credit Card Good For Travel
You won’t earn bonus points for travel purchases, but the Amazon Prime Rewards card does come with Visa Signature travel perks. They include complimentary concierge services for help with travel, priority access and special rates at Luxury Hotel Collection properties, lost or delayed baggage coverage, no foreign transaction fees and travel/emergency assistance.
Read Also: Credit Cards That Use Transunion Score
Amazon Credit Cards: What Are Your Options And Which Is Right For You
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list ofour partnersandhere’s how we make money.
If you’ve found those ubiquitous “smiling” cardboard boxes piling up at your front door after rounds of online shopping, you may have considered an Amazon credit card.
Charging your purchases on an Amazon credit card can be a rewarding decision if youre a frequent Amazon shopper. But just as Amazon has a dizzying amount of choices to shop for on their website, the retailer also offers many credit card options.
Heres everything you need to know about the five different Amazon credit cards that span personal and business credit card options, and how to choose which one is right for you.
Great For High Spenders
If youre a high spender, take advantage of its current sign-up bonus: Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel. You can not only redeem these miles for travel but for everyday purchases. You can erase your Amazon purchases using your Capital One miles, making your rewards extremely valuable for various needs.
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How Do Credit Cards Work
Its important to understand exactly what credit cards do, so you can use them to maximum advantage without falling into financial trouble. There are lots of benefits that come along with having a credit card. For example, they offer credit that can be used when you make a purchase, for balance transfers and/or cash advances. Essentially, your credit is like a short-term loan with a balance that comes due every month. As you pay down your balance, the credit available to you the following month starts to go back up to the maximum credit limit on your card.
A credit cards strongest advantage is convenience. Simply pay for your purchase with your credit card and you will be billed for the outstanding balance the following monthno cash in your wallet required. Other benefits include the ability to accrue rewards and pointssuch as cash back or travel pointsbased on a percentage of your purchases each month, usually between 1% to 4%, depending on which credit card you choose. You can then redeem those points for gift cards, travel or other items offered through the credit card companys online rewards catalogue.