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Is the Amazon Prime number Rewards Visa Signature Bill of fare worth information technology?
For existing Prime customers, the Amazon Prime Rewards Visa Signature Card could help yous salvage big. Although there’south $0 annual fee, think of the $139 Prime number membership toll as function of the requirement to open this carte. Still, only frequent Amazon or Whole Foods shoppers should consider this card above other options, as other
cashback cards
tin can assistance you earn bonus rewards on a wider variety of purchases.
How does the Amazon Prime number Rewards Visa Signature Menu compare to other credit cards?
The best measure for a card’s value is to compare it confronting other offers. We expect at how the Amazon Prime number Rewards Visa Signature Card’south features stack up against some of its competitors.
Amazon Prime Rewards Visa Signature Card vs. Chase Freedom Flex℠
The Chase Freedom Flex℠
is a competing cashback carte that may be better suited for those who don’t shop exclusively at Amazon. Its sign-up bonus offers the take a chance to Earn a $200 Bonus afterward you spend $500 on purchases in your first 3 months from account opening!
You’ll 5% cash back on upwards to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter! Plus, earn five% cash back on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and one% on all other purchases. Hither is 2022’s
cashback calendar:
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January-March |
Apr-June |
July-September |
October-December |
|---|---|---|---|
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Note that the 5% bonus is only eligible for up to $1,500 in purchases per quarter. If you’re fine with earning 5% back on Amazon.com during just a few months, the Chase Freedom Flex℠ may be a better selection than the Amazon Prime Rewards Visa Signature Carte. If you adopt a more predictable reward structure where the categories never change, the Amazon Prime Rewards Visa Signature Card is the better choice.
Amazon Prime Rewards Visa Signature Card vs. Citi®
Double Cash Menu – xviii month BT offer
The Citi®
Double Cash Card – xviii month BT offer
is one of the few credit cards that lets yous Earn two% on every buy with unlimited 1% cash back when you buy, plus an additional one% as you pay for those purchases. This applies regardless of where you shop — meaning you’ll earn two% back whether you lot’re shopping on Amazon.com or purchasing moving-picture show tickets.
While the Citi®
Double Cash Card – 18 calendar month BT offer doesn’t give you the same 5% reward on Amazon purchases that you lot can get with the Amazon Prime Rewards Visa Signature Card, the unlimited 2% rate takes the guesswork out of earning rewards.
If Amazon.com makes up a large chunk of your full purchases, the Amazon Prime Rewards Visa Signature Card is the better bargain. Still, if your spending is more varied, go with the Citi®
Double Cash Card – 18 month BT offer instead.
Amazon Prime Rewards Visa Signature Card vs. Depository financial institution of America®
Customized Cash Rewards credit card
The Bank of America®
Customized Cash Rewards credit bill of fare is another popular selection that lets you choose how you want to earn rewards. You’ll earn three% cash back in the category of your option, automatic ii% at grocery stores and wholesale clubs (upwardly to $2,500 in combined choice category/grocery store/wholesale order quarterly purchases) and unlimited 1% on all other purchases
The iii% purchase categories include gas, online shopping, dining, travel, drug stores or home improvements and furnishings, and you tin can choose your bonus category monthly. If yous happen to spend more at Amazon, or on other online purchases, in a detail month, you lot can cull to earn iii% on online shopping.
The sign-up bonus may be harder to achieve for some consumers: Online $200 online cash rewards bonus afterward you make at least $ane,000 in purchases in the beginning 90 days of account opening. If you prefer to diversify your spending, the Bank of America®
Customized Cash Rewards credit carte du jour can help adjust your rewards to your specific needs.
Earning and redeeming points
As mentioned above, the Amazon Prime number Rewards Visa Signature Carte du jour lets users earn v% back at Amazon.com and Whole Foods Market with an eligible Prime number membership, 2% dorsum at restaurants and gas stations and 1% dorsum on all other purchases..
You’ll earn rewards in the class of points, which can so be applied to time to come Amazon purchases through the Shop with Points Program. Or, yous can redeem your points for cash back, gift cards or travel through Chase.
Each bespeak is worth 1 cent each, so 100 points equal $i in rewards. So long as you’re a cardholder, your rewards won’t expire, and there’s no limit to how many points you can earn.
Is it worth signing upwards for Amazon Prime number?
Amazon Prime costs $139 per year, comparable to the cost of many credit cards with almanac fees. Since the Amazon Prime Rewards Visa Signature Carte is simply open to existing Prime number members, you may wonder if it’s worth opening a membership if you don’t own ane already. Here is the list of the ongoing benefits you’ll relish with Amazon Prime:
- Gratis two-day aircraft on millions of eligible products, with complimentary same-day or 2-hour delivery in select cities
- Extra ten% discount on sale items (excluding alcohol) at Whole Foods
- Prime Video, offering access to thousands of movies and Television set shows for free
- Prime number Music, offering over two million songs ad-free with the opportunity to upgrade to Amazon Music Unlimited at a Prime member rate
- Amazon Photos, with complimentary unlimited photograph storage shareable to up to v family members or friends
- 30-minute early access to Amazon Lightning Deals
- Infringe ane e-book for costless on any Kindle device
If you lot alive in a metropolitan area, Whole Foods offers free two-hour delivery or 1-hr same-day pickup, which can be helpful to grocery shoppers who need items in a compression. While the shipping benefit lone is why millions of people subscribe to Amazon Prime, there are many amusement and shopping perks with this subscription.
Amazon Prime also offers a costless 6-calendar month trial exclusively for higher students. After that, y’all’ll enjoy a 50% discount on membership while you’re nevertheless a student.
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Sign-up bonus
Upon approval, you’re automatically granted a Get a $150 Amazon Souvenir Card instantly upon approval..
This is a considerable offer, as nigh credit cards require you to spend a certain corporeality of coin to lock in the welcome bonus. But with the Amazon Prime Rewards Visa Signature Menu, you are rewarded just for opening your account.
Equal pay financing offer
Suppose yous’re making a purchase on Amazon that costs thousands of dollars. With the Amazon Prime Rewards Visa Signature Menu, you can choose to opt out of earning rewards and participate in the special 0% April offer instead:
- On purchases of $50 or more, split into six equal monthly payments
- On purchases of $250 or more, split up into 12 equal monthly payments
- On purchases of $500 or more, divide into xviii equal monthly payments
If you cull the pay-over-time offer instead, you won’t accumulate whatsoever interest for the promotional period. The monthly payments will exist charged to your statement on your Amazon Prime Rewards Visa Signature Card. If you fail to make your payments within the allotted time menstruation, you’ll commencement to accrue interest.
While this offer may be helpful for big purchases, nosotros recommend that y’all avert this option as you’ll lose the ability to earn rewards on all of your Amazon purchases.
Other bill of fare benefits
While the main describe of the card stems from its 5% rewards charge per unit and gift bill of fare, y’all don’t want to miss out on the other benefits of the Amazon Prime Rewards Visa Signature Card. As this is a Chase-issued, Visa signature card, y’all’ll enjoy plenty of unexpected travel benefits:
When paying for your transportation with this menu, y’all’ll receive up to $500,000 in the event of accidental death or dismemberment. For legal, medical or other emergency situations, you tin call the Benefits Administrator when traveling.
You’ll receive up to $3,000 per passenger if you lot or an immediate family member has a behave-on or checked bag that is damaged or lost by a common carrier. If your purse is delayed for six or more past a mutual carrier, you’ll receive up to $100 per twenty-four hours for three days.
Phone call 800-847-2869 in the effect of a roadside emergency.
Y’all’ll receive secondary coverage on rental machine insurance, protecting you against theft and collision damage.
You won’t take to pay whatever strange transaction fees when paying with some other currency.
You’ll have access to over 900 luxury hotels worldwide that offering the best rates and room upgrades and complimentary wifi, both subject to availability. You can also enjoy 24/7 concierge services to find tickets to events, make dinner reservations or whatever other inquiries by calling 800-953-7392.
Your new purchases are covered for 120 days against harm or theft. You lot tin file a claim and receive reimbursement of up to $500 per item and up to $50,000 per cardholder business relationship.
If your item comes with a U.Southward. manufacturer warranty under 3 years or less, your menu will offer an additional year of coverage.
While all of these benefits likely won’t exist used every day, they could come in handy whether y’all demand assistance with your purchase or on holiday. These perks tend to come with top-notch credit cards with annual fees, then the Amazon Prime Rewards Visa Signature Card offers superb coverage overall.
The information related to Amazon Prime Rewards Visa Signature Carte and Banking concern of America®
Customized Cash Rewards credit card has been independently collected past ValuePenguin and has not been reviewed or provided by the issuer of this carte du jour prior to publication.
Source: https://www.valuepenguin.com/amazon-prime-rewards-visa-signature-card
