Amazon Prime Rewards Visa Signature Credit Card Review

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Amazon Prime Rewards Visa Signature Credit Card Review

Full Review of Amazon Prime Rewards Visa Signature Credit Card

Pros

  • No annual fee

  • 5% cash back on Amazon.com purchases

  • Easy redemption while shopping

  • No foreign transaction fee

Cons

  • You are need to have a paid membership to Amazon Prime in order to make use of any of its features.

  • No 0% APR introductory offer

  • Low one-time offer

Pros Explained

  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.
  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.
  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.
  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.

Cons Explained

  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and it is an especially good choice for customers who already have a Prime membership.
  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and it is an especially good choice for customers who already have a Prime membership.
  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and it is an especially good choice for customers who already have a Prime membership.

This Card is Best For

  • efforts directed on maximizing cash back earnings across the board for all types of expenditures

    Cash Back Strategist* Resists or refuses an annual fee on principle or due to cost

    Annual Fee Averse* Primarily responsible for household grocery and other major purchases

    Head of Household* Incurs gasoline or other commuting expenses each month

    Driver/Commuter

Customers who do the majority of their shopping at Amazon.com and Whole Foods Market are the best candidates for the Amazon Prime Rewards Visa Signature credit card. This credit card gives a cash back reward of 5% on purchases made at both locations.

This card is useful if restaurants, petrol stations, and pharmacies make up a large amount of your spending since it offers extra cash back on purchases made at these types of establishments.

Amazon Prime Rewards Visa Signature Credit Card Bonus

The bonus that comes with this card is below average, coming in at $100. (If your application is successful, you will be rewarded with a $100 gift card to Amazon.com, which will be added to your account as soon as it is processed.) Larger monetary rewards are offered by a variety of alternative cash back credit cards, some of which do not even charge an annual fee.

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Rewards Earning Details

On purchases made at Amazon.com and Whole Foods Market with this card, you will get 5% cash back. Additionally, you may be eligible to get 2% cash back at drugstores, gas stations, and restaurants. The one percent cash back offer applies to anything else you buy.

Rewards Redemption Details

At Amazon.com, you may redeem your points by using a feature called Shop with Points. If you choose to pay with your Amazon Prime Rewards Visa Signature credit card during the checkout process, you will be able to see the total number of points you have available as well as how those points translate into cash. After that, you will have the option of paying for your purchase using any number of the points that are now available to you.

On Amazon.com, one dollar is equal to one hundred points, which means that each point is worth one cent.

You may also redeem your points at a rate of one cent per point for vacations, gift cards, or cash back when you redeem them via Chase.

Transferring Points

There is no way to make a direct transfer of your Amazon Rewards points to airlines or any other partners. However, you are able to make use of your points by booking trips via the Chase website.

How to Maximize Your Rewards

If you want to maximize your earnings with this card, the easiest way to do it is to make as many purchases as you can at Amazon.com and Whole Foods Market in order to qualify for the 5% cash back offer. There are no limits placed on the amount that may be earned.

Average Case

According to research that was conducted in 2017 by 1010Data, Amazon Prime members spend an average of $1,371 year at Whole Foods. In addition, the Bureau of Labor Statistics reports that the average cost for gasoline, other fuels, and motor oil for a household of four in the year 2020 was $1,568. In addition, it states that the average family spent $2,375 on eating out at restaurants during the year.

At these interest rates, the 5% cash back at Whole Foods Market would amount to $68.55, and the 2% cash back from gasoline and dining out would amount to an extra $78.86. Simply from those three categories, you have earned a total of $147.41 in cash back.

Even after taking into account the $139 annual membership charge for Prime, the average family would still come out $28.41 ahead. In addition, it does not include any purchases that are made via the Amazon.com website.

Aspirational Case

Your cash back rewards will increase in proportion to the amount of money you spend at Amazon.com and Whole Foods Market. Take, for instance:

  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.
  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.
  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.
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The amount of cash back received, calculated at 5% of each of those frequent transactions, would come to $351.10. In addition, a family may earn 5% cash back by making certain of their major purchases on Amazon.com. Some examples of these purchases are computers, TVs, and furniture. Because of these transactions, the customer’s annual spending may go up by an additional $2,000, which will earn them an additional $100 cash back. After taking into account the price of a Prime membership, the total savings for the family would amount to $332.10, and this does not take into account any other purchases that garnered 2% or 1% points.

Amazon Prime Rewards Visa Signature Credit Card’s Outstanding Benefits

  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.
  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.
  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.
  • Purchase protection*
  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.

*Eligibility requirements and bonuses might vary from card to card. There are Terms, Conditions, and Restrictions Attached to This Offer. Please visit americanexpress.com/benefitsguide for any more information that you may need. The AMEX Assurance Company is acting in the capacity of the underwriter.

Standard Benefits

  • Zero fraud liability
  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.
  • Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.
  • Travel assistance

Cardholder Experience

On Amazon.com, customers have rated this card 4.3 out of a possible 5 stars. Seventy percent of the reviews were favorable, while just nine percent were critical.

In the 2021 U.S. Credit Card Satisfaction Study conducted by J.D. Power, Chase, which is one of the issuers of the Amazon Prime Rewards Visa Signature credit card, received a score of 807 out of 1,000, which is two points lower than the average score received by national issuers, which was 809.

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The experience that a cardholder has while using this card is quite typical. It shares many of its perks and features with other Visa Signature credit cards. Cardholders who redeem their points via Amazon’s Shop with Points program are likely to get the best experience possible with their Amazon Prime membership.

Chase provides its customers with the option to manage their accounts either online or by calling the number printed on the back of their card.

Security Features

This credit card, like many others, does not have a liability for fraud, and you will not be held responsible for any transactions that were made using your card that were fraudulent. If you report a card as lost or stolen, you may be eligible for a replacement card that may be used in an emergency.

Fees to Watch Out For

You should be aware that while there is no annual fee, you are need to be a Prime member and spend $139 per year in order to qualify for this offer. A Prime subscription, as you would expect, comes with a variety of additional benefits that you might find to be helpful.

The other expenses associated with this card are similar to those associated with a large number of other credit cards.

Our Verdict

This card, with its 5% cash back and no maximums, might be a valuable addition to your wallet if you make frequent purchases on Amazon.com and a fair amount of food shopping at Whole Foods Market. If this describes your spending habits, read on. In addition, the opportunity to earn a cash back bonus of 2% on purchases made at restaurants, pharmacies, and gas stations offers the possibility of substantial returns.

If you don’t anticipate doing much shopping at Amazon.com or Whole Foods Market, the American Express Blue Cash Preferred card could be a good option for you. This card offers 6% cash back at US supermarkets (up to $6,000 per year) and streaming services, 3% cash back at US gas stations and transit services, and 1% cash back on all other purchases. If you don’t anticipate doing much shopping at Amazon.com or Whole Foods Market, this card could be a good option for you. Although there is a yearly fee of $95, it is still less expensive than the cost of a subscription to Amazon Prime.

The Venture card from Capital One is a good option for those who are interested in consistent travel rewards since it awards two points for every dollar spent, regardless of where the money was spent. There is an annual fee of $95 associated with the card, which is comparable to that of the American Express Blue Cash Preferred card.

Last but not least, the Amazon Prime Rewards Visa Signature credit card is an excellent choice for customers who shop often at Amazon.com and Whole Foods Market, and this is especially true for those who already have a Prime membership.

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