Saturday, November 26, 2022

What Is The Best Amazon Credit Card

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Purchase And Extended Warranty Protections

Best Credit Cards For Amazon

These two purchase protection benefits provide some peace of mind when you come across a good deal, but youre worried about iffy merchants or shipping damage. The extended warranty protection increases eligible warranties by a whole year. Meanwhile, your purchase protection covers new purchases against damage or theft up to $500 per claim .

As an online shopping card with Visa Signature benefits, its surprising that the Amazon Prime Rewards card doesnt come with price and return protection too. Its a bit disappointing that you cant get your money back if a sketchy seller doesnt offer returns, but return protection is a rarer perk nowadays.

Capital One Venture Credit Card: Best For Simple Travel Rewards

If youre starting to plan for a vacation by earning miles you can redeem toward any travel purchase you make, the Capital One Venture Rewards card is one to consider.

With the Capital One Venture, youll earn 2 miles for every dollar you spend on every purchase, and the miles can then be redeemed for any travel purchase on your credit card statement in the previous 90 days. This includes hotels, airfare, train rides, taxis, Ubers, Airbnb stays and more. When you redeem Capital One miles this way, youll get 1 cent per mile in value.

Alternatively, you can also transfer your miles to many airline and hotel loyalty programs, such as Wyndham Rewards, British Airways Avios and many great partners. Frequent flyer website The Points Guy values Capital One miles at 1.85 cents apiece because they can be transferred to these partner programs, which means your miles can potentially be worth more than just 1 cent each.

The Capital One Venture card also comes with extended warranty protection and up to a $100 credit toward the application fee for Global Entry or TSA PreCheck. It has a $95 annual fee, but no foreign transaction fees.

For Flat Rate: American Express Simplycash Preferred*

If you want a cash-back credit card but dont want the fuss of figuring out how the spending categories work, consider the American Express SimplyCash Preferred card. You get a flat rate of 2% cash back on everything you buy, periodwith no limit to how much you can earn. Plus, for new members, theres a juicy 10% cash-back promotional offer for the first four months . Additional cards are free , which will appeal to couples or families who want to combine their reward earnings. The drawback to be aware of is that rewards can be redeemed only once per year.

  • Annual fee: $99

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Amazon Rewards Visa Signature Review

Our editors independently research and recommend the best products and services. You can learn more about our independent review process and partners in our advertiser disclosure. We may receive commissions on purchases made from our chosen links.

The Amazon Rewards Visa Signature offers rewards on online purchases at the shopping site and at Whole Foods Market, which Amazon owns. There are also tiered bonus rewards at restaurants, gas stations, and drug stores. Theres no annual fee, and you receive a $50 Amazon Gift Card upon approval.

What Credit Score Do You Need For An Amazon Credit Card

Amazon upgrades its Prime credit card with 5 percent ...

For the Amazon Prime Rewards Visa Signature Card, a credit score of 640 or better is recommended.

Rewards cards in general, including the Amazon Rewards cards typically require good to excellent credit as defined by FICO. Amazon generally defines a good score as above 680 and an excellent score as above 720.

If you have fair or poor credit, consider the Amazon Credit Builder Card as you can be approved even with limited or bad credit.

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Best Cash Back Card For Groceries And Gas

The biggest selling point of the CIBC Dividend® Visa Infinite* is its impressive rewards on everyday essentials. The card earns an industry-leading quadruple the cash back on both grocery and gas purchases â two of the most common spending categories for Canadian households.

But bonus rewards on food and transit arenât restricted to the supermarket checkout and at the pump. The card also earns an accelerated 2% cash back on dining and public transit . Plus, youâll earn 2% on recurring bills . All other purchases net a 1% return.

Thanks to CIBCâs new Cash back on demand feature, cardholders can choose to redeem rewards at any time as a statement credit starting in increments of $25. Otherwise, cash back will be credited to your account automatically as part of your January statement. Like all Visa Infinite Cards, youâll need to earn a personal income of at least $60,000 to get approved .

Why we like it:

The card earns between 4% and 2% in straight-up cash back across five bonus categories encompassing food, transit, and recurring bill payments â easily making it one of the highest-earning rewards cards in Canada for all spending personalities. For a limited time, cardholders can also get the cardâs annual fee rebated for the first year and earn a boosted 10% cash back rate on all purchases for the first four monthly statement periods .

Additional perks:

Best Air Miles Credit Card

If youâre an avid Air Miles collector, you can rack up significantly more rewards with the BMO Air Miles World Elite in your wallet and get some premium travel perks to boot. The card offers a lucrative 0.083 Miles per dollar, triple the miles when shopping at Air Miles partner stores , and over a dozen types of insurance.

The Air Miles World Elite also includes a sign-up bonus for new cardholders that includes a first year annual fee waiver and up to 3,000 bonus miles: 1,000 Miles after making your first purchase on the card and another potential 2,000 Miles if you hit a minimum spend of $3,000 within your first three months of activating your account.

Why we like it:

When shopping at Air Miles Partners , you can rack up triple the Miles by paying with this credit card and showing your Air Miles Collector Card at the same time. The Air Miles World Elite also offers arguably the best insurance of any other Air Miles credit card period, with up to $2 million in out of province medical insurance along with personal effects coverage . Last but not least, the sign-up bonus is enough to let you book up to two short-haul flights within North America.

Additional perks:

Cardholders get a 15% discount on flights booked using Miles within North America.

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Amazon Prime Rewards Visa Signature: Best For Amazon Prime Members

If your No. 1 goal is to earn as much cash back as you can at Amazon on an everyday basis, then the is the way to go. This card always offers 5% cash back at Amazon and Whole Foods, 2% cash back at restaurants, gas stations and drugstores and 1% back on everything else. Thats a better return at Amazon throughout the year than any other card on our list.

And at certain times throughout the year typically Prime Day and Black Friday the card earns an even higher cash back amount on select Amazon purchases.

Even better, from Nov. 17 through Nov. 30 this year, the card is offering new card holders a $200 Amazon gift card immediately after being approved for the card. Since theres no minimum spend requirement to get this bonus, you can use this free money to snag your favorite Amazon item while youre doing your holiday shopping.

But theres one caveat: You must have an Amazon Prime membership to get an card, and that can cost as much as $119 per year. Of course, if youre looking for a card specifically for Amazon purchases, theres a good chance youre already a Prime member, in which case this card could be your best option.

Fortunately, theres still another option if you dont have a Prime membership. You can get an , which, from Nov. 17 through Nov. 30, comes with a $100 Amazon gift card instantly when youre approved. Youll also earn 3% back at Amazon and Whole Foods Market with the Amazon Rewards Visa card.

American Express Cobalt Card*

Best Credit Cards for Amazon FBA Sellers ð³ – Top E-commerce Cards

With a high earn rate, a generous welcome bonus and easy-to-use points, the American Express Cobalt Card is our top pick as the best travel credit card for everyday spending.

The points you earn can be redeemed for travel at a rate of 1,000 points for $10 for any flight on any airline with no blackout dates, or they can be used toward the American Express Fixed Points Travel Program, which lets you unlock even better value on round-trip flights. If you prefer to use your rewards for accommodations, you can transfer your points to one of the American Express Hotel partners, including Marriott Bonvoy.

  • Annual fee: $155.88
  • Earn rate: 5 points per $1 spent on dining out and groceries 2 points per $1 spent on travel 1 point per $1 spent on all other purchases
  • Welcome offer: Up to 30,000 bonus points , plus, earn a bonus of 20,000 points when you spend $3,000 in purchases within your first 3 months of having the card
  • Income requirement: $12,000

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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.

Best Amazon Business Credit Cards 2021

Yvette is a financial specialist with over 16 years of experience in consumer and business banking. Her expertise is highlighted across Fit Small Business in and bank account content.

Editors note:This is a recurring post with regularly updated card details.

The best Amazon business credit cards offer top rewards on Amazon expenses, making them ideal for owners who spend big on Amazon purchases. While most business credit cards offer 1% cash back on Amazon purchases, these cards earn up to 5% cash back and bonus gift cards worth up to $125. Although some cards require an Amazon Prime membership, none of the cards on our list charge annual fees.

The best amazon business credit cards for Amazon purchases are:

  • : Best for 5% cash back on a personal credit card
  • : Best for earning Amazon rewards on a personal card without a Prime membership
  • American Express Blue Business Cash Card: Best for fixed-rate cash back and 0% introductory annual percentage rate

Want to compare the features of one card to another? Weve made it easy for you to do just that! Simply check off up to three cards on this page to add them to your cart. This will allow you to view the details in a side-by-side comparison.

For more details on how we evaluate business credit cards for this list, see our methodology.

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How Can I Get Free Cash Back

Using any cash back card to shop on Amazon will result in getting money back. Some cards earn greater rewards than others. Currently the card that earns the highest cash back when shopping at Amazon is the Amazon Prime Rewards Visa Signature Card which earns 5% when shopping with Amazon or other companies under its umbrella like Whole Foods.

What Can I Do If Im Affected Credit

If youre a regular Amazon user and your Visa credit card will no longer be accepted, one option is to use a debit card instead.

This isnt ideal, however, as credit cards offer enhanced Section 75 protection if something goes wrong.

Another alternative is to switch to a provider that uses an alternative payment network, such as Mastercard or American Express. If youre not getting benefits from your credit card , then now might be a good time to assess whether its worth taking your business elsewhere. However, you should bear in mind that applications for a new credit card are likely to impact your .

If youre happy with your provider, it might be worth waiting to see whether this all blows over and the two sides resolve their differences between now and January.

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Why You Might Want A Different Card

You don’t shop at Amazon or whole foods much

Unless you’re doing a significant amount of shopping through Amazon or at Whole Foods, it doesn’t make sense to apply for the Amazon Prime Rewards Visa Signature Card. For starters, Amazon isn’t always the cheapest option especially when you factor in the cost of a Prime membership and Whole Foods didn’t earn the nickname “Whole Paycheck” for carrying budget-minded fare. If you aren’t into membership fees and you’re looking for low prices, consider applying for a different co-branded credit card from a different ubiquitous retail behemoth: namely, the Capital One® Walmart Rewards Mastercard®. The card offers similarly generous rewards for shopping under the Walmart umbrella: 5% back on purchases at 2% back on in-store purchases at Walmart , as well as on travel and restaurant expenses and 1% back on all other purchases. And like Amazon, Walmart also carries just about any item you can think of. The difference? No annual membership fee is required to hold the card.

Mbna True Line Gold Mastercard*

People looking to reduce the amount of interest they pay should consider a low-interest credit card like the MBNA True Line Gold card. You wont earn anything for your spending on the card, but the interest rate is just 8.99%, which is significantly lower than the average of 19.99% most other credit cards charge. If youre currently carrying a balance on a credit card with a higher interest rate, then you should also consider taking advantage of the optional balance transfer at the time of application. Balances transferred wont be charged interest for a full six months, which could save you bundles.

  • Annual fee: $39
  • Purchase interest rate: 8.99%
  • Balance transfer offer: Optional balance transfer at 0% interest for the first 6 months

NOTE: this offer is not available for residents of Quebec

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How To Increase Credit Card Limit For Amazon Purchases

If youre interested in a credit line increase on your card for the Amazon Prime Rewards Visa Card or the Amazon Rewards Visa Card, contact Chase directly either via phone at 1-800-432-3117 or log into your account and use the chat function to connect with a customer service representative to make your request.

If youre interested in a credit line increase on your Amazon Secured Card, please call Synchrony Bank at 1-866-634-8379, or go to Synchrony Banks e-servicing site and under Account Services at the top of the screen, select Credit Line Increase, to see if you are eligible.

Citi Double Cash Card

The 5 Amazon credit cards (What Amazon doesn’t want you to know)

Finally, dont forget about the Citi Double Cash Card. This card is ideal for purchases and all your shopping due to its high rewards rate, and you wont pay an annual fee to boot. Youll even qualify for a special offer on balance transfers when you apply.

  • Best for: Amazon purchases and everything else you buy
  • : Excellent
  • Rewards rate: Earn a flat 2 percent back on everything you buy1 percent when you make a purchase and another 1 percent when you pay it off on time
  • Annual fee: $0

Editors take: The Citi Double Cash Card is a good option for all your shopping, including purchases you make online and on The rewards rate is spectacular, and youll never have to worry about bonus categories or earning caps. You also get the chance to earn rewards with no annual fee. Just keep in mind that you can only redeem rewards for cash back, a statement credit or a credit to a linked account, and you can only redeem cash back when you have at least $25 in cash rewards built up.

Also, consider this card if you want to consolidate debt from other high-interest cards. When you sign up, youll get 0 percent APR on balance transfers for 18 months, followed by a variable APR of 13.99 percent to 23.99 percent. A 3 percent balance transfer fee will apply if you take advantage of this offer.

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How Do I Find My Amazon Credit Card Number

You can manage your Amazon Prime Rewards Visa Card or Amazon Rewards Visa Card account online with Chase by logging in at Chase. Your full credit card number can be found on the front of the hard plastic or metal card that is mailed to you within 7 to 10 business days after approval. If you dont have your full credit card number, please call Chase. For bank contact information, see Customer Service for Financial Institutions.

To access and manage your online Amazon Store Card or Amazon Secured Card account, visit Synchrony Bank. To create an account, youll need your full credit card number, which can be found on the front of the hard plastic card that is mailed to you within 7 to 10 business days after approval. If you dont have your full credit card number, please call Synchrony Bank. For bank contact information, see Customer Service for Financial Institutions.

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