Amazon Prime Rewards Visa Signature Card Review
If you are an Amazon Prime member looking for a credit card that offers high cash back rewards, the Amazon Prime Rewards Visa Signature Card powered by Chase is the perfect choice for you. Cardholders will enjoy earning unlimited, high cash back rewards on virtually every purchase and have the flexibility to redeem their points on Amazon.com.
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.
Card Details to Know Up Front
- Bonus, Fee or FeatureHas or Not
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Cash Back Rewards
- Travel Rewards
Amazon Prime Rewards Visa Signature Card at a Glance
This card makes perfect sense for someone who is an avid shopper at Amazon.com and Whole Foods Market. It has a high APR but also has high cashback rates, so you still stand to gain maximum use out of this card if you pay your balances in full every month. Cardmembers also benefit from having no annual and international fees and excellent premium perks for international travel assistance, which includes exclusive access to the Visa Signature luxury hotel collection and concierge service.
- Amazon Prime Rewards Visa Signature Card
A great no annual fee rewards card for Amazon Prime members
- Good-ExcellentCredit Needed
- $0Annual Fee
- 1% - 5% Cash BackRewards Rate
- 2xRewards Rate on Dining
- 2xRewards Rate on Gas
Pros & Cons Explained
For most people these days, cash back is king. However, you should also consider if your card will allow you to maximize the rewards earning potential of shopping at your preferred retailers. Loyal shoppers of Amazon and Whole Foods Market stand to gain the most from the Amazon Prime Rewards Visa Signature Card. Cardmembers can also benefit from other perks that make this card stand out from other cash back credit cards.
- Earn high, unlimited cashbackPurchases at Amazon and Whole Foods Market will earn 5% cashback for you, while purchases at restaurants, gas stations and drugstores will earn 2% cashback. All other purchases on this card earn 1% cashback.
- No annual feesYou do not have to worry about paying any annual fees for the lifetime of this card. However, note that this is a common perk given by most credit card issuers.
- No foreign transaction feeWhile most credit card issuers charge a 3% foreign transaction fee for every purchase made outside of the United States, you do not have to when you use this card. This could mean substantial savings on your next trip abroad.
- Hassle-free redemption on Amazon.comUse your points when you shop at Amazon.com. You will see your points balance during checkout and simply choose how many points you wish to use.
- Interest-free equal monthly paymentsYou could choose to pay your credit card balance in equal monthly payments. There are three options that are available: six equal monthly payments on purchases of $50 or more, 12 equal monthly payments on purchases of $250 or more and 18 equal monthly payments on purchases of $500 or more. The Interest Saving Balance on your Chase statement will show you the amount due for your equal monthly payment to avoid paying interest.
- An eligible Amazon Prime account membership is needed to applyThis card requires users to already have an eligible Amazon Prime membership, which costs $139 annually (or $14.99 per month). To get the most out of both the membership and the credit card, one would have to spend a minimum of $2,780 in a single year on Amazon or Whole Foods shopping. However, this amount does not include other perks of Prime membership, such as free shipping and extra discounts.
- High interest rateThis card comes with a variable 14.24% to 22.24% APR after the initial promotion of 0% APR for a six to 18 month period on purchases $50 and above.
The Amazon Prime Rewards Visa Signature Card is not one of our top picks for the best cash back credit cards. Check out our selections for the best cash back credit card offers of 2022 and our guide for finding out if a cash back credit card would work well for you.
Bonuses & Rewards Explained
The Amazon Prime Rewards Visa Signature Card features several bonuses and zero-cap rewards that will make deal-seeking consumers extremely satisfied.
You automatically earn 5% cashback when shopping at Amazon and Whole Foods Market. Purchases at restaurants, gas stations and drugstores will earn 2% cashback, while all other purchases on this card come with 1% cashback. The card features unlimited cash back, and your points don’t expire as long as you are a cardholder.
New cardholders are given a $100 Amazon gift card instantly upon card approval, which is already a decent sign-up bonus for a cashback credit card.
Earning and Redeeming Rewards
Earning and redeeming your rewards points is hassle-free and easy.
- Points are automatically earned when you use your card for virtually every purchase.
- Use your points when you shop at Amazon.com by viewing your points balance during checkout and choosing how many points you wish to use. There is no minimum rewards balance to redeem, and 100 points equal $1.00 on eligible purchases.
- You can also redeem your points for cash back, gift cards and travel through Chase. Travel rewards entitle you to choose from a wide variety of flights, hotels, cruises, car rentals and more.
Other Features Explained
The Amazon Prime Rewards Visa Signature Card has additional perks and benefits which include:
- Card FeatureDescription
- Travel accident insuranceFrequent 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 reimbursementLost luggage can be reimbursed up to $3,000 per passenger.
- Baggage delay insuranceThis reimburses you for essential purchases like toiletries and clothing for baggage delays over six hours up to $100 a day for three days.
This card is a great choice for a loyal Amazon and Whole Foods shopper with an eligible Amazon Prime membership who is looking for a credit card that will maximize their cash back earning potential. The interest-free, equal monthly payments option also allows budget-conscious consumers to access easy financing schemes that spread out payments into six, 12 or 18 months. This comes in handy especially when buying big-ticket items and for emergency expenses.
Understanding the Fine Print
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.
- Card FeatureAmount or Rate
- Annual Fee$0
- Cash Back Rewards
- Rewards Rate1% - 5% Cash Back
- Airline Benefits
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 14.4% to 22.24%. 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.
The aim of a cash back credit card is for you to save more on your regular expenses. Don’t get blindsided by fees and always be mindful of the APR and associated fees, especially for late payments. You will find this important information on your last billing statement or on your credit card issuer’s website or app. You may also check out the credit card agreement database maintained by the Consumer Financial Protection Bureau (CFPB).
Who Should & Shouldn’t Consider Amazon Prime Rewards Visa Signature Card?
Other Considerations for Amazon Prime Rewards Visa Signature Card
You need to go over a few factors before jumping ahead and applying for an Amazon Prime Rewards Visa Signature Card. We have outlined a few basic considerations that you should look into, whether you plan to make your first card or are considering it as an additional line of credit.
Things to Consider if This Will Be Your First or Only Credit Card
As with all other credit cards, you should first think about how you plan on using the Amazon Prime Rewards Visa Signature Card, especially if it will be your first or only credit card. You will get the most out of this cash back credit card if you do most of your shopping on Amazon and Whole Foods. This will let you easily offset the $139 Amazon Prime membership fee that makes you eligible for this card.
You should also examine your cash flow. Signing up for the interest-free equal monthly payment scheme will allow you to spread out your payments into six, 12 or 18 months as well as to automate these payments. It is also easy to check the monthly payment that you need to settle to avoid paying interest. But keep in mind that this card also carries a relatively high APR, so it is better to look for other alternatives if you are someone who cannot pay off your balance in full every month.
Things to Consider if This Will Be an Additional Card in Your Wallet
Cardholders could get the most out of this card by pairing it with another card that earns high rewards rates on purchases that are not covered by the Amazon Prime Rewards Visa Signature Card. International travelers with other existing cards will still see the benefit of getting this cash back credit card because it features many perks that most other card issuers do not provide.
Our credit card rating methodology at MoneyGeek follows a data-driven and unbiased process in creating comprehensive reviews and head-to-head comparisons of over 106 credit cards that are currently available in the market. We do this by independently gathering data from the Consumer Finance Protection Bureau’s database, standardizing data points for easy comparison, estimating average spend profiles, determining long-term value and regularly conducting data review and re-ranking.
How 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.
Quick Comparison of Amazon Prime Rewards Visa Signature Card
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: 14.24%-22.24% (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: 14.99%-23.74% (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
Other Helpful Decision-Making Q&As
Here are answers to several frequently asked questions about the Amazon Prime Rewards Visa Signature Card that you might find useful.
Still not sure about this card? Consider these options.
If you are still on the fence about how this card fits your lifestyle and overall spending habits, consider having a look at our top picks for cash back cards and rewards cards. See how well these compare with the Amazon Prime Rewards Visa Signature Card. You may also benefit from going through our recommendations and resources that could guide you in getting a cash back credit card.
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Learn more about credit cards in general
- J.D. Power. "While Many U.S. Credit Card Issuers Struggle to Meet Evolving Customer Expectations, Some Bright Spots Exist, J.D. Power Finds." Accessed February 25, 2022.
- Amazon.com. "Amazon Rewards Visa Signature Card." Accessed March 24, 2022.
- Amazon.com. "Amazon Rewards Visa Benefits Page." Accessed March 28, 2022.
- Amazon.com. "Amazon Prime Rewards Visa Card: Frequently Asked Questions." Accessed March 28, 2022.
- Amazon.com. "Amazon Prime Rewards Visa Card: Offer Details." Accessed March 28, 2022.
- Amazon.com. "Amazon Prime Rewards Visa Card: Pricing & Terms." Accessed March 28, 2022.
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