Amazon Prime Rewards Visa Signature Card Review 2018

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Approximately 80 million Americans count themselves as Amazon Prime members, and spend an average of $1,300 annually according to research estimates.

amazon prime rewards signature visaIf you are a Prime member and shop a lot on Amazon, the Amazon Prime Rewards Visa Signature Card is well worth exploring.

As an Amazon Prime member, you already pay a yearly subscription fee to Amazon, so the first perk of the Prime Rewards Visa Signature card is that you pay no annual charge – and if you buy enough during the year, the rewards can even pay you back the cost of your Prime membership.

Other perks you enjoy include a credit limit north of $800, cash back, extended warranties and travel bonuses. Plus, financing options are available on Amazon products worth $149 or more.

The standout feature of this Amazon credit card is you receive a whopping 5% cash back on Amazon purchases!

Amazon Prime Rewards Visa Card Spotlight

AMAZON PRIME REWARDS VISA CARD SPOTLIGHT

amazon prime rewards signature visa

InvestorMint Rating

4 out of 5 stars

  • Amazon Purchases: 5% cash back
  • Gas stations, restaurants, drug stores: 2% cash back
  • All other purchases: 1% cash back
  • Sign-on bonus: $70
  • Annual Fee: $0
  • Foreign Transaction Fees: $0
  • Perks: Extended warranties, Travel, Financing on Amazon items worth $149+

via Amazon secure site

Is The Amazon Prime Rewards Visa Card Right For You?

The Amazon Prime Rewards Visa Card can pay for your Prime membership entirely if you spend almost $2,000 on Amazon.com each year. If you spend less, it will partially offset the cost.

If you shop often at Amazon, the Prime Rewards Visa Card can save you a bunch of money.

Each time you buy items from Amazon, you enjoy a whopping 5% cash back.

That 5% can offset the entire cost of your Amazon Prime membership if you spend enough annually.

The average American Amazon Prime member spends $1,300 annually but if you spend $1,980 per year or more, the Amazon Prime membership fee is offset by the cash back from the card.

And that doesn’t factor in all the other benefits you enjoy from a Prime membership.

AMAZON PRIME TOP BENEFITS

Prime BenefitDescription
Free 2-day ShippingTwo day shipping on eligible items in the U.S.
Free Same Day DeliveryFree same day delivery to eligible zip codes.
Prime NowFree 2-hour delivery on 10,000+ items.
Free Release Date DeliveryFree on eligible pre-order items delivered on their release dates.
Prime VideoUnlimited streaming of TV shows and movies.
Prime MusicUnlimited ad-free access to hundreds of music playlists.
Prime PhotosSecure unlimited photo storage in Amazon Drive.
Prime PantryAccess to Prime Pantry.
Prime Early Access30-minute early access to lightning deals on Amazon.com.
Prime ReadingBorrow books and magazines from the Prime Reading catalog to read on your Fire tablet or Kindle e-reader.
Twitch PrimeExclusive discounts on physical games pre-orders and new releases.
Audible Channels for PrimeGet access to Audible channels free, worth $60 per year.
Kindle FirstEarly access for members in the U.S. to download a new book free every month.
Membership SharingTwo adults living in the same household can share an Amazon Prime membership free.
Amazon Music UnlimitedGet discounted Amazon music unlimited plans.
Video Add-on SubscriptionsPurchase video add-on subscriptions to premium content providers.

Even without the 5% cash back from the credit card, the benefits from Amazon Prime are worth the annual Prime subscription cost, so the cash back is gravy.

You also get 2% cash back on purchases at gas stations, drug stores, and restaurants as well as 1% on everything else.

How Do Points Work On The Amazon Credit Card?

Each time you spend $1 on Amazon.com, you earn 5 points and every 100 points is worth $1.

The Amazon Prime Rewards Visa credit card is issued in partnership with Chase, and so you can redeem your points either on Amazon.com or via Chase.com or the Chase mobile app.

As you start spending money, you start earning points right away:

Spend $1How Many Points Do You Get?
Amazon.com5
Gas stations, drug stores, restaurants2
All other purchases1

The conversion between points and dollars is: 100 points translates to $1.

PointsDollars
100$1

If you want to redeem points at Chase for travel, cash back, or gift cards you can do so at any time.

To pay with points on Amazon.com, simply choose how you would like to pay on the order page and how many points you would like to apply.

For peace of mind, you get to see the points applied before you place your order.

amazon choose payment method

amazon checkout

Amazon Visa Credit Card: What Are The Benefits?

Cash back, extended warranty protection, no foreign transaction fees, and even roadside dispatch are benefits you enjoy as an Amazon Rewards Visa credit card holder.

The Amazon credit card isn’t limited to cash back benefits at Amazon, drug stores, restaurants and gas stations. If you travel, you will be especially well supported with lots of hidden benefits.

Cardholder BenefitDescription
Cash Back
  • 5% at Amazon.com
  • 2% at restaurants, drug stores, gas stations
  • 1% on all other purchases
Travel
  • No foreign transaction fees
  • Travel and emergency assistance
  • Baggage delay insurance
  • Travel accident insurance
  • Lost luggage reimbursement
Protection from Setbacks
  • Auto rental collision damage waiver
  • Purchase protection
  • Extended warranty protection
  • Roadside dispatch
  • Zero fraud liability
Premium Perks
  • Visa signature luxury hotel collection
  • Visa signature concierge service
Shop with Points
  • Redeem for millions of items on Amazon.com or on Chase.com or the Chase mobile app

Beyond cash back, other perks include travel accident insurance where you are eligible for accidental death or dismemberment coverage up to $500,000 when you pay for air, train, bus, or cruise travel on your Amazon Rewards Visa Signature card.

travel the world with confidence

You are also covered up to $3,000 per passenger when luggage is lost or damaged by an air carrier.

And anytime baggage is delayed by 6 hours or more, you are covered up to $100 per day for up to 3 days to buy essentials, such as toiletries and clothing.

When you are traveling you can also decline a rental company’s collision and insurance option because theft and collision damage is covered for most rental cars in the U.S. and abroad.

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BONUS BENEFITS

Where the Amazon credit card shines is in a host of benefits you might not expect from a “retail” credit card.

For example, you can call roadside assistance if you need a tow, tire change, jumpstart, lockout service, gas delivery or winching.

Another hidden gem is protection from theft and damage for up to 120 days on new purchases up to $500 per claim and $50,000 per account.

Goods you purchase with eligible warranties of 3 years or less come with an additional year of extended warranty protection over and above the manufacturer’s guarantee.

Lastly, as you might expect from most credit cards, you are not liable for any fraudulent activity.

HOTEL BONUS REWARDS

The Visa Signature Luxury Hotel Collection gives you the best hotel rates and complimentary WiFi on over 900 luxury hotels worldwide.

And the Visa Signature Concierge Service is a 24-hour a day service that you can call to get tickets to sporting and entertainment events, send gifts, and even make dinner reservations.

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Amazon Pros and Cons

The standout feature of the Amazon Amazon Prime Rewards Visa Signature Card is 5% cash back on Amazon purchases but you get a laundry list of additional benefits thrown in for good measure. The major drawback of the card is a high APR rate.

Amazon ProsAmazon Cons
5% Amazon Cash Back: Frequent Amazon.com shoppers enjoy a huge cash back bonus for signing up to the Visa Rewards card.High APR: Don’t miss a payment or you will be hit by a high APR of 23.24% no matter how good your credit rating is.
2% Cash Back Gas Stations: Purchases at gas stations, restaurants, and drug stores result in 2% cash back rewards.Prime Membership Required: To be approved, you must be an existing Amazon Prime member.
1% Cash Back Other Goods: Get 1% cash back on everything else you buy.Exceptions to 5% Rule: Exceptions are few and far between but software downloads are an example, so you can’t pay for your tax software on your Amazon credit card and receive a 5% cash back.
$70 Sign-up Bonus: It doesn’t hurt to get $70 right away when you sign up!
Easy Redemption: Buying with points on Amazon or redeeming on Chase.com is easy. It may take up to 2 billing cycles to display on your account.
No Annual Fee: As a Prime member paying an annual subscription to Amazon.com, you pay no annual credit card fee.
Wide Variety Of Benefits: From roadside assistance to travel protection and even your own concierge service, this card has an extensive list of benefits beyond the headline cash back attraction.

Amazon Prime Rewards Visa Signature Card FAQ

As a Prime member, you qualify for the credit card and enjoy no inactivity fees, the potential to grow your credit and the opportunity to earn points and withdraw cash.

FAQYES/NO
Is Amazon Prime Membership Needed?YES
Are there any inactivity fees?NO
Can it help me build my credit?YES
Do I start earning points when I start spending?YES
Can I use my card to withdraw cash?YES

Amazon Prime Rewards Visa Signature Card Summary

If you are an Amazon Prime member who shops regularly and spends approximately $2,000 per year, the Visa Signature card can effectively pay for your annual Prime membership cost.

With 5% cash back rewards on Amazon purchases (excluding software downloads), the credit card has one of the most generous rebate programs of any card on the market.

Plus, when you pull up at a gas station, dine at a restaurant, or make purchases at drug stores, you enjoy 2% cash back rewards as well as 1% cash back on all other purchases.

Although the APR rate is high, this card has enough going for it to win brownie points among any regular Amazon shopper.

On top of the headline rewards, a host of side benefits, such as travel protection, roadside assistance, hotel and concierge services come along with your card making it a virtual slam-dunk for any Amazon Prime member.

Disclosure: Information related to the Amazon Prime Visa Signature Card has been collected by Investormint and has not been reviewed or provided by the issuer of this card.

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