Amazon Prime Rewards Visa Signature Card

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A no-brainer for shopaholic Amazon Prime members.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our cash back category page.

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Amazon has given shoppers one more compelling reason to ditch the mall: a cash-back credit card that returns 5% on all purchases through the website. What’s more, there is no annual cap on how much you can earn using the Amazon Prime Rewards Visa Signature Card issued through Chase.

We think this is a must-have card for the heavy Amazon shopper, but probably isn’t worth it for someone who only occasionally shops at the online marketplace. Still, there are other reasons to like the Amazon Prime card.

Review

Think of this card as a constant coupon for the busy household that uses Amazon Prime to buy everything from bulk pantry goods to birthday party gifts, sports equipment and other items for their kids. This card’s 5% return on Amazon purchases is among the highest rewards of any credit card on the market today.

This card also is valuable outside of Amazon. Customers can earn 2% cash-back at restaurants, gas stations and drug stores and 1% back on all other purchases. That’s a fairly hefty bonus structure for a card that doesn’t carry a traditional annual fee. You do have to be an Amazon Prime member to be eligible for this card. Prime membership runs $99 a year.

How much is this card really worth?

In March 2017, the market research firm Statista found that Prime members spend on average $1,300 a year on Amazon purchases. That translates into $65 in cash-back rewards for holders of the Amazon Prime Rewards Visa Signature, not enough to cover your full Prime membership.

If you’re the typical spender, the no-cap benefit this card offers holds no value. You may want to see whether other credit cards with a 5% Amazon rebate are a better fit for everyday spending.

But if your spending is above average, the Prime Rewards card is an ideal fit.

Who should get this card

Adding this card to the wallet is a no-brainer for click-happy Amazon Prime lovers.

Some might balk at the card’s Amazon Prime membership requirement, but if you spend at least $2,000 a year on the site, you’ll earn your membership fee back. Plus, you’ll get free two-day shipping on eligible items and access to Amazon’s streaming video and music services.

There are other rewards cards that give 5% back on Amazon purchases, although they typically have a $1,500 cap on the offer. So, it really comes down to how much you spend on Amazon to see if this card is right for you.

Advantages
  • Earn 5% back on Amazon purchases, the first card to do so without restrictions.
  • New cardholders receive a $70 Amazon gift card for signing up.
  • On gas station, drugstore and restaurant purchases earn 2% back. Earn 1% on all other purchases.
  • There are no foreign transaction fees.
  • Includes extended warranty and purchase protections and no fraud liability.
Disadvantages
  • To get the card, you must purchase a Prime membership, which costs $99 a year.
  • Only one Amazon Prime account can be linked to this card, so it could be inconvenient for households with multiple accounts.
  • This card offers no price protection or return protection, which can mean you get stuck with the price you paid or a product you don’t like if the merchant won’t refund you.

Fees and APR

  • This card carries no annual fee, but you have to be an Amazon Prime member to qualify. Prime costs $99 a year.
  • You’ll be charged no foreign transaction fee if you use this card overseas.
  • The annual percentage rate is a variable 14.99% to 22.99% based on your creditworthiness.

Extras, perks and using points

There are two ways to claim your rewards: As a statement credit or when paying for other Amazon.com purchases. It’s your choice.

The Visa Signature benefits are nice, too. Perks here include car rental insurance, lost and delayed baggage insurance, roadside assistance, and Visa Signature luxury hotel collection benefits like free Wi-Fi and extended warranty protection.

For world travelers, the card does not charge foreign transaction fees, which could save you roughly 3% on purchases outside the United States.

How this card compares

Amazon.com Rewards Visa Card

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our cash back category page.

Card Details
  • Earn 3 points for every $1 spent on Amazon.com.
  • Earn 2 points for every eligible $1 spent at gas stations, restaurants, and drugstores.
  • Earn 1 point for every other $1 spent.
Credit Needed Excellent
Regular APR 15.24% to 23.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.
Annual Fee No Annual Fee.
Balance Transfers Intro APR

If your Amazon spending doesn’t warrant the $99 Prime fee, the Amazon.com Rewards Visa offers 3% back on all Amazon purchases, 2% on gas station, drugstore and restaurant purchases and 1% on all other purchases.

Card Details
  • Intro Offer: Discover will match all the cash back earned at the end of your first year, automatically.
  • Earn 5% cash back at Amazon.com and Target now through December 2017, on up to $1,500 in purchases when you activate. Plus, 1% cash back on all other purchases.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • New! Receive Free Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
  • No annual fee.
Credit Needed Excellent
Regular APR 11.99% - 23.99% Variable
Annual Fee $0
Purchase Intro APR 0% for 14 months
Balance Transfers Intro APR 0% for 14 months

You won’t earn one of those huge sign-up bonuses other cards offer, but if you’re looking for a no-frills cash-back card, the Discover it credit card does come with one intriguing feature: Discover automatically matches all the cash back you earn at the end of your first year.

Card Details
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter like gas stations, restaurants and drugstores
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
Credit Needed Good
Regular APR 15.99% - 24.74% Variable
Annual Fee $0
Purchase Intro APR 0% for 15 months
Balance Transfers Intro APR 0% for 15 months

If you’re up for the challenge of tracking bonus rewards categories, Chase Freedom can give you some real cash-back bang for your buck. For travel junkies and road warriors, this card is ideal when paired with an eligible Chase card to reap maximum travel rewards on your spending.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.