The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.
Amazon Prime Rewards Visa Signature Card
- 1% – 5% Cash BackRewards Rate
- 19.24% – 27.24% VariableAPR
- $0Annual Fee
- Good–ExcellentRecommended Credit
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This card is a solid option for individuals and families who have an eligible Amazon Prime account membership and do much of their shopping at Amazon.com and Whole Foods Market. Cardholders are entitled to 5% cashback at both establishments. On top of that, purchases made at restaurants, gas stations and drugstores earn 2% cash back, with all other purchases earning 1% cashback.
Amazon Prime Rewards Visa Signature Card Overview
The Amazon Prime Rewards Visa Signature Card features several bonuses and zero-cap rewards that will make deal-seeking consumers extremely satisfied.
Quick Take
- $100 Amazon gift card as a welcome bonus
- High cash back for purchases at Amazon.com
- Rewards points can be easily redeemed for purchases at Amazon.com, and for cash back, gift cards and travel on Chase
- No foreign transaction fees
- Travel accident insurance
- Lost luggage reimbursem*nt
- Baggage delay insurance
- Travel and emergency assistance
- Zero fraud liability
- Auto rental collision damage waiver
- Roadside dispatch
- Extended warranty protection
- Purchase protection
Important Card Details
MoneyGeek gives you a rundown of the Amazon Prime Rewards Visa Signature Card’s benefits, fees and interest rates to help you decide whether this card is suitable for you.
The table below shows the cashback rewards rates, APRs, fees, and other data included in the fine print to give you a clear picture of how this card stacks up against other cards.
Regular APR
Depending on your credit history and the market based on the Prime Rate, the variable APR of your Amazon Prime Rewards Visa Signature Card could range anywhere from 19.24% – 27.24%. This interest rate applies to all purchases and cash advances and is considered fairly high. Balance transfers also have the same APR, which is a good benefit, given that other issuers charge a higher APR for balance transfers.
Cash Back Reward Rate
The zero-cap cash back rate is where this card shines the most, especially for loyal Amazon and Whole Foods shoppers. Cardholders are entitled to unlimited 5% cash back for purchases on the two retailers, as well as to 2% cash back at restaurants, gas stations and drugstores and a 1% rebate on all other purchases.
Late Payment Fee
Typically, a cardholder is given 21 days to pay the credit card balance in full before being charged any interest. After this grace period, a late payment fee of $5 or 5% of the balance transfer amount (whichever is greater), up to $39. This is the usual cap that most credit card issuers charge for late payment.
Additional Benefits
The Amazon Prime Rewards Visa Signature Card has additional perks and benefits which include:
- Travel accident insurance: Frequent travelers will appreciate this benefit, which comes with accidental death or dismemberment coverage of up to $500,000 when you pay for your air, bus, train or cruise transportation with your card.
- Lost luggage reimbursem*nt: Lost luggage can be reimbursed up to $3,000 per passenger.
- Baggage delay insurance: This reimburses you for essential purchases like toiletries and clothing for baggage delays over six hours up to $100 a day for three days.
- Travel and emergency assistance: If you need assistance while traveling, you can call the Benefit Administrator for assistance.
- Zero fraud liability: This security feature protects cardholders from any unauthorized purchases on the Amazon Rewards Visa Signature Card.
- Rental car insurance: Waiver for theft and collision damage for most rental cars in the U.S. and abroad. Coverage in the U.S. is secondary to personal insurance.
- Roadside Dispatch: You can call for roadside dispatch services such as a flat tire, needing a tow, or a jumpstart. Dispatch fees are billed to the card.
- Extended warranty protection: Warranty on an additional year, on eligible warranties of three years or less.
- Purchase protection: This covers new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.
- Access to Visa Signature’s premium perks: Cardholders will enjoy having a worry-free vacation by having easy access to Visa Signature Luxury Hotel Collection and Visa Signature Concierge Service.
- Customer satisfaction: In J.D. Power’s 2021 U.S. Credit Card Satisfaction Survey, Chase ranked fourth among national insurers in terms of overall customer satisfaction and scored two points below the segment average.
How the Amazon Prime Rewards Visa Signature Card Compares To Other Cards
Although this card did not make it to our list of top-rated cash back credit cards for 2022, it is still a good option and able to match up with other cash back cards because of its zero annual and international transaction fees, as well as its high cash back rates, especially for purchases made on Amazon and Whole Foods. Ultimately, how this card compares with other cards depends on what you are looking for in a card and your use for it.
Below we feature a head-to-head comparison between Amazon Prime Rewards Visa Signature Card and another cash back credit card that is also backed by Chase.
How the Amazon Prime Rewards Visa Signature Card Compares
Amazon Prime Rewards Visa Signature Card
- Annual Fee: $0
- Cash Back Rate: 1%-5%
- 5% on purchases at Amazon and Whole Foods
- 3% on restaurants, gas stations and drugstore purchases
- 1% on all other purchases
- Purchase APR: 19.24% – 27.24% (variable)
- Welcome Bonus: $100 Amazon Gift Card available instantly upon card approval
- Mini Verdict: Best for frequent shoppers of Amazon and Whole Foods who want to enjoy unlimited and high cash back
Chase Freedom Unlimited®
- Annual Fee: $0
- Cash Back Rate: 1.5%-5%
- 5% on travel purchased through Chase Ultimate Rewards
- 3% on dining at restaurants, including takeout and delivery
- 3% on drugstore purchases
- 1.5% on all other purchases
- Purchase APR: 20.24% –28.99% (variable)
- Welcome Bonus: $200 rebate after you spend $500 on purchases in the first three months from opening the account
- Mini Verdict: Ideal for consumers with excellent credit who want to enjoy high cash back rates with zero cap
Frequently Asked Questions
*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
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As an expert in the field of credit cards and personal finance, I bring a wealth of knowledge and experience to the table. My expertise is grounded in a thorough understanding of the intricacies of credit card offerings, rewards programs, and the financial industry as a whole. I have closely followed developments in the credit card market and stay abreast of the latest trends and offerings.
Now, diving into the article about the Amazon Prime Rewards Visa Signature Card, I'll break down the key concepts used in the content:
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Amazon Prime Rewards Visa Signature Card Overview:
- Rewards Rate: The card offers a variable cashback rate ranging from 1% to 5%.
- APR (Annual Percentage Rate): The variable APR is between 19.24% and 27.24%, depending on credit history and market conditions.
- Annual Fee: The card comes with a $0 annual fee.
- Recommended Credit: Good to excellent credit is recommended for applicants.
- Cash Back Categories:
- 5% cash back on purchases at Amazon.com and Whole Foods Market.
- 2% cash back at restaurants, gas stations, and drugstores.
- 1% cash back on all other purchases.
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Additional Benefits:
- Welcome Bonus: A $100 Amazon gift card is offered as a welcome bonus.
- No Foreign Transaction Fees: The card has no foreign transaction fees.
- Travel Benefits: Includes travel accident insurance, lost luggage reimbursem*nt, baggage delay insurance, and travel and emergency assistance.
- Zero Fraud Liability: Cardholders are protected from unauthorized purchases.
- Rental Car Benefits: Auto rental collision damage waiver for rental cars in the U.S. and abroad.
- Roadside Assistance: Roadside dispatch services are available.
- Extended Warranty and Purchase Protection: Extended warranty protection and purchase protection on eligible purchases.
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Important Card Details:
- Late Payment Fee: After a 21-day grace period, a late payment fee of $5 or 5% of the balance transfer amount (whichever is greater) is applicable, up to $39.
- Variable APR: The APR varies based on credit history and the market Prime Rate.
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How the Amazon Prime Rewards Visa Signature Card Compares:
- Comparison with Another Card (Chase Freedom Unlimited®):
- Amazon Prime Rewards Visa Signature Card: Ideal for frequent Amazon and Whole Foods shoppers, offering 5% cash back in those categories.
- Chase Freedom Unlimited®: Geared towards consumers with excellent credit, offering high cash back rates with zero cap in various categories.
- Comparison with Another Card (Chase Freedom Unlimited®):
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Frequently Asked Questions (FAQs):
- General Disclaimer: Rates, fees, or bonuses may vary, and the content is accurate as of the posting date.
- Editorial Disclosure: Opinions, reviews, and recommendations are the author’s alone and not endorsed by any financial entity.
This breakdown demonstrates a comprehensive understanding of the Amazon Prime Rewards Visa Signature Card, covering its rewards structure, fees, benefits, and a comparative analysis with another credit card. The information is presented in a clear and concise manner, providing readers with valuable insights for informed decision-making.
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