The Amazon Credit Card is the best credit card for Amazon Prime members, as well as a good way to save for anyone with a 700+ credit score who likes to shop online. The Amazon Visa Card is worth it because it has a
$0 annual fee and rewards users with 3% or 5% back on Amazon purchases (Prime members get the higher rate). Those earning rates are nearly 3- and 5-times the market average for a rewards card, respectively. You can learn more about this lucrative everyday rewards card below:
Amazon.com Credit Card Highlights
$0 annual fee
With no yearly fee to worry about, the Amazon Rewards Card is
$22.29 per year cheaper than the average credit card, according to WalletHub’s latest
Credit Card Landscape Report. It also means you won’t have to spend a certain amount each year just to break.
It’s worth $50+ right off the bat
Right now, you’ll automatically receive a credit of at least $50 ($100 for Prime members) when you open an Amazon Credit Card account. This promotion won’t be around forever, though.
Get paid for making everyday purchases
The Amazon Card doles out rewards in points, but the earning rates translate to 3% cash back on Amazon.com, Amazon Fresh, Whole Foods Market and Chase Travel purchases (5% back for Prime members); 2% back at restaurants, gas stations and on local transit and commuting (including rideshare); and 1% back on everything else. For context, the average rewards card gives you
about 1.15% back on all purchases.
Look elsewhere for financing
The Amazon.com Rewards Visa Card was built for everyday purchases that you can pay off within a single billing cycle, not balances carried from month to month. It offers a promo APR of 0% for 6 - 12 months on Amazon purchases, but its regular APR could be higher than the market average for cards that require fair credit for approval, to say nothing of those demanding good or excellent standing. So don’t make the mistake of allowing finance charges to erode your Amazon Visa rewards earnings.
The Amazon Rewards Visa has an attractive sibling
The
Amazon Store Card is an excellent alternative to the Amazon Rewards Visa Card, which requires at least good credit for approval. If you’re a Prime member, you’ll earn 5% back on Amazon purchases, but that’s all you can use it for. You can see which card you’re likely to get approved for by
checking your credit score for free on WalletHub.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.