How to maximize cash back on Amazon.com

4 min read

This page includes information about Discover products that are not currently available on Bankrate and may be out of date.

The internet has changed the way we do almost everything, ranging from how we pay bills to how we shop. Where most of us would head to the grocery store or pharmacy to pick up food and supplies in the past, pretty much everything we want and need is now available with a few quick clicks. If you’re an Amazon Prime member, then you may even get the bulk of your purchases delivered with free two-day shipping.

The emergence of COVID-19 has only increased our reliance on online shopping, including purchases made on Amazon.com. These days, it’s not uncommon to rely on the retail giant to deliver school supplies to your kids, clothing for everyone in the family and even your weekly grocery order.

With that in mind, maximizing cash back on your Amazon.com purchases can make a lot of sense. If you’re spending money online anyway, you may as well get something in return and access to some important cardholder benefits.

How do I get Amazon cash back?

While you can earn cash back on all your Amazon.com purchases with a regular rewards credit card, the best way to earn rewards for Amazon.com purchases is through signing up for a co-branded credit card. With an Amazon.com credit card, you’ll be able to earn one of the highest rates of cash back on Amazon.com purchases, but you may also be able to earn rewards on all other purchases charged to your card.

To get cash back, all you have to do is use your Amazon.com credit card when you shop. From there, your account will be credited with the cash back you earn, which you can use to cover more purchases with the retailer.

What are the best Amazon.com credit cards?

Some Amazon.com credit cards are store cards, meaning they can only be used for purchases made with the retailer. Others are traditional credit cards that can be used nearly anywhere you shop. As you look for ways to make the most of your Amazon.com shopping, consider adding one of these cards to your wallet.

Amazon Prime Rewards Visa Signature Card

  • Earn 5% back at Amazon.com and Whole Foods Market, 2% back at restaurants, gas stations and drugstores and 1% back on other purchases
  • Receive a $100 Amazon.com gift card instantly upon card approval
  • No annual fee, but an Amazon Prime membership is required
  • Major cardholder benefits include travel and emergency assistance, lost luggage reimbursement, baggage delay insurance, travel accident insurance, purchase protection, extended warranties, auto rental collision damage waiver and more

Amazon Rewards Visa Signature Card

  • Earn 3% back at Amazon.com and Whole Foods Market, 2% back at restaurants, gas stations and drugstores and 1% back on other purchases
  • Get a $60 Amazon.com gift card instantly upon card approval
  • No annual fee
  • Major cardholder benefits include travel and emergency assistance, lost luggage reimbursement, baggage delay insurance, travel accident insurance, purchase protection, extended warranties, auto rental collision damage waiver and more

Amazon.com Store Card

  • Earn 5% back on Amazon.com purchases with an Amazon Prime membership
  • Choose special financing offers that let you secure 0% intro APR over 6, 12 or 24 months (25.99% variable thereafter)
  • No annual fee
  • Earn 5% to 15% in bonus rewards on select promotional items

Amazon Business American Express Card

  • Chose between 5% back or 90-day payment terms on U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market
  • Earn 2% back at U.S. restaurants, U.S. gas stations and purchases made for wireless telephone services purchased directly from U.S. providers and 1% back on other purchases
  • No annual fee but Amazon Prime membership is required
  • Major cardholder benefits include car rental loss and damage insurance, return protection, baggage insurance and more

The information about the above Amazon credit cards has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

Does Amazon.com give 5% cash back?

You can earn 5% back on Amazon.com purchases with the credit cards we’ve outlined above, but these rewards are offered by your card and not through Amazon.com itself. The Amazon Prime Rewards Visa Signature Card and the Amazon Rewards Visa Signature Card are actually rewards credit cards from Chase, whereas the Amazon Business Prime American Express Card is offered through American Express. Further, the Amazon.com Store Card is offered through Synchrony Bank.

Also note that rewards rates among Amazon.com credit cards can vary, and that cards that earn 5% back require an Amazon Prime membership.

How can I get free cash back?

For the rewards you earn to be “free,” you’ll need to pay your credit card balance in full every month. Note that, like all credit cards, co-branded Amazon.com credit cards charge interest on balances you carry from month to month.

These interest rates can be high, so you’ll want to make sure you don’t use your credit card to rack up long-term debt. Charge only purchases you can afford to pay off each month, pay your bill in full when you receive it and your rewards will be “free” in that sense.

How do I maximize my Amazon rewards?

If your goal is maximizing your Amazon cashback, there are steps you can take to boost your rewards or bundle your cash back other promotions. Consider these tips:

  • Check Amex Offers. If you have an American Express credit card that pairs up with Amex Offers, you should check these offers frequently for special Amazon.com discounts. While offers vary and may be sporadic, it’s not uncommon to qualify for discounts on Amazon.com purchases when you use your American Express credit card to pay.
  • Maximize your Amazon.com cash back with shopping portals. While Amazon.com has been removed from most shopping portals as the result of COVID-19, you may eventually be able to maximize Amazon cash back by clicking through a portal like Rakuten before you shop. This step is easy since all you have to do is create a free shopping portal account then “click through” the portal before you make your regular online purchases.
  • Utilize other rewards credit cards you have. Also make sure you’re using other rewards credit cards you have strategically. As an example, the Discover it® Cash Back has Amazon.com, Walmart.com and Target.com as their bonus category during the final quarter of 2020. Discover will also double all the rewards you earn the first year, so this card could be worth signing up for.
  • Subscribe and save. Some purchases from Amazon.com qualify for a “subscribe and save” feature that lets you secure a lower price if you agree to purchase specific items on a regular, automatic basis. Subscribe and save to make sure you always have the stuff you need for your home — like diapers or trash bags — and to maximize your Amazon cash back.
  • Take advantage of Amazon.com gift card promotions. Also keep your eye out for Amazon.com gift card promotions at local retailers like supermarkets or office supply stores. You may be able to secure an Amazon.com gift card at a discount and earn Amazon cash back on your purchase at the same time.