Amazon Rewards Visa Signature Card
One of the best under-the-radar cashback cards is the Amazon Rewards Visa Signature from Chase. Not only can you earn cash back on every purchase, but if you like to shop at Amazon.com, you can get some serious value from this card.
This is not a travel rewards card. Even though it is a Visa Signature, the rewards you earn are not geared toward travel redemptions. While it is offered by Chase, the Amazon card isn’t part of the highly acclaimed Ultimate Rewards program. That means that you can’t pair this card with other Chase cards in order to maximize the value of your points. Nonetheless, it’s still a great cashback card.
It’s important to note that this review is for the Amazon Rewards Visa, not the Amazon.com Store Card. Like other store credit cards, that one can only be used to make Amazon purchases. Instead, this review will focus on the Amazon Rewards card that can be used anywhere Visa is accepted.
Bonuses and Benefits
Knowing what benefits come with a credit card can help you decide if it’s a good fit for you. Here we cover the bonuses and perks that the Amazon Rewards Visa Signature Card offers and the value of the Chase Amazon Rewards points you earn.
Although not a huge sign-up bonus, this card offers an Amazon gift card worth either $50 or $70. Existing Amazon Prime members get the bigger bonus. Unlike other cards, there’s no additional bonus for adding an authorized user or for meeting a minimum spend within the first few months of opening the account. There’s also no anniversary bonus. And while the initial value may not sound enticing, the cash back you can earn, particularly when shopping at Amazon, can make your rewards balance add up fast.
What You Get
- Get a $50 Amazon gift card upon approval; existing Prime members get a $70 card
- Earn 3% back for Amazon purchases 5% if you’re a Prime member
- Restaurants, drugstores and gas stations earn 2%
One great thing about the Amazon card is that the cashback you earn never expires as long as your account stays in good standing (i.e. paying your bill on time and paying at least the minimum balance due each month). And because the card has no annual fee, there’s no minimum spend you need to place on the card each month to justify keeping it.
The best feature of the Amazon credit card is the rate which you earn cash back. To start, you’ll earn a minimum of 1 percent back on every purchase. Going out to eat, to the drugstore or to the gas station? You’ll earn 2 percent back. And of course, if you shop on Amazon, you’ll earn 3 percent back on those purchases as well. There are no earning caps on any of the bonus categories.
To sweeten the deal, if you’re an Amazon Prime member, all the Amazon purchases you make with your card will earn an extra 2 percent back. That’s right, by having Amazon’s enhanced Prime membership you’ll earn a total of 5 percent back on every Amazon purchase. That’s an amazing category bonus for any cashback card, especially since there’s not cap on the amount of cash you can earn.
Take note, you have to be logged into your own Amazon account to maximize this category bonus. If you let a friend or relative use your card on their own Amazon account, you’ll earn the lower 3 percent cash back rate. So, if you want to maximize this perk, make sure you buy that item for your friend or relative through your own account (you can always have it shipped to them).
- Car Rental
- Brand earn
- All Other Purchases
Foreign Transaction Fee
You won’t pay an extra fee for purhcases made outside of the U.S. Note, if you use a non-U.S. version of Amazon’s website, you’ll only earn cash at the standard 1% rate.
Earn Elite Status Fast
Because the rewards program with the Amazon card is not directly travel-related, this card does not award any type of hotel, airline or car rental status. Further, spending a certain amount each year does not help fast track you to status either.
Fees: the cost of Having the Card
Another great perk about the Amazon Rewards Visa card is that there’s no annual fee. Not the first year, not the second year, and not ever. Even if you don’t shop much at Amazon.com — or use the card much anywhere — you don’t need to worry about spending a certain amount to earn rewards to offset the annual fee.
- Late Payment Fee
- Up to $15 if the balance is less than $100; up to $27 if the balance is $100 to less than $250; up to $37 if the balance is $250 or more
- Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater
- Foreign Transaction Fee
- Annual Fee
Amazon Rewards Visa Signature card is a no-fee card. You do not have to earn a certain amount of rewards in order to cover the cost since it’s free. It’s still good to know roughly how much you’ll be earning, though. We’ve broken out our estimates for the first- and second-year net earnings.
These estimates are based on an annual monthly spend of $2,000
Top 5 Benefits of the Amazon Rewards Visa Signature Card
The Chase Amazon Rewards card has many great features, but two really stand out. First, the great earnings rate on common bonus categories, including being the only card that gives year-round extra cash back for Amazon purchases. Second, there’s never an annual fee for this card. Here’s a list of this card’s best benefits:
- Great Earning Potential: You’ll get 3% back on every Amazon purchase (or 5% back with Amazon Prime). Additionally, you can earn 2% back at restaurants, drugstores and gas stations, and 1% back on everything else. Plus, there’s no limit to the amount of cash back you can earn.
- Hassle-Free Redemptions: Since this is a cashback card, you can redeem any time. Through Amazon, there’s no minimum. Otherwise, redemptions start at just 2,000 points.
- Nice Sign-Up Bonus: Once approved, you’ll get an automatic $50 Amazon gift card ($70 for Amazon Prime members). No minimum spend is required.
- No Annual Fee: You’ll never have to pay anything for this card. That means all the rewards you earn are essentially free. How can you beat that?
- Great Travel Protections: This card has standard Visa Signature benefits like lost luggage reimbursement and a secondary auto rental collision damage waiver.
Should You Get the Amazon Rewards Visa Signature Card?
This is one of the best cashback cards around. Unlike other cards, there’s no limit to the cash back you can earn, and the 3 percent (or 5 percent with Prime) return for Amazon purchases is not offered with any other credit card. Since there’s no annual fee, all the cash back you earn is yours.
If you like to shop on Amazon, this is definitely a card to consider. Amazon regularly has good prices on tons of products, but getting 3 to 5 percent back on every purchase is fantastic! Even if you don’t shop on Amazon often, getting unlimited 2 percent back at restaurants, gas stations and drugstores is a great benefit as well.
Not everybody likes to travel, and thinking about the best ways to redeem miles and points can be cumbersome, so if you’re looking for a straightforward card, this could be the one for you. That said, if you’re a globetrotter looking to add a powerhouse credit card to your collection that offers lots of bells and whistles, you should probably look elsewhere.
Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.
Credit card enthusiasts are in luck, the Amazon Visa is not subject to Chase’s unofficial 5/24 rule. What does this mean exactly? In short, if you’ve opened five or more personal cards with any bank in the last 24 months, your application for certain Chase cards will likely be denied with little room for workaround or reconsideration. Fortunately, you won’t have that problem with this card.
For clarification, the 5/24 rule won’t prevent you from being approved, but if you do get this card, it does count toward your personal 5/24 limit. If you’re someone that signs up for new cards often, it’s a good practice to know where you stand as you strategize which cards you’d like to add to your wallet in the future.
Unlike other card issuers, Chase does not have a limit to the number of cards you can hold with them. That said, they do have TCC (total committed credit) guidelines which can limit the amount of total unsecured credit you can hold with them. How does this affect you? If you have multiple cards with Chase and are looking to add this card, you may need to shift around your credit lines in order to get approved.
With this Amazon credit card, you have flexibility when it comes to redeeming points. If you want to cash out your entire stash at once, you can. Conversely, if you only want to take out $25 worth of cash, you can do that, too. And if you use your points toward an Amazon.com purchase, you can redeem the exact number of points needed. If cash is what you prefer, the only restriction is that you need at least a 2,000 points balance (worth $20).
Since this is a co-branded card, Amazon sends Chase the necessary information to determine if you’re Prime or not prior to your card being approved. If you are not a Prime member when you sign up for the card but upgrade later on, your cash back earnings rate with increase automatically.
Compare Chase Cards
Other Chase cards
While Chase only offers one type of Amazon Visa card (albeit with two earnings rates for regular vs. Prime members), they do offer other similar cards that can earn cash back. They all have no annual fee, but let’s see how else they compare.
|Chase Freedom® Card||Chase Freedom Unlimited℠||AARP® Credit Card from Chase|
|Sign-up bonus||15,000 points||0 points||15,000 points||20,000 points|
|APR On Purchases||15.99% to 24.74% Variable±||15.24% to 23.24% Variable±||15.99% to 24.74% Variable±||17.24% to 23.99% Variable±|
|Second Year Value||$240||$240||$360||$240|
Both the Freedom and Freedom Unlimited earn cash back in the form of Ultimate Reward points. They can be redeemed in the same manner as cash back earned on the Amazon card, but their earnings rates are different.
We’ll start with the Freedom Unlimited as this card earns 1.5 points per dollar on every purchase with no category bonuses. Its cousin, the standard Chase Freedom, earns one point per dollar on all purchases, but it comes with rotating bonus categories that earn an extra four points (up to $1,500 per quarter). These categories change every three months and can range from gas stations and drugstores to restaurants and department stores.
Another big difference is that both Freedom cards earn Ultimate Rewards. While these points can be redeemed for cash, they can also be transferred to Chase’s premium travel cards (like the Sapphire Preferred, Sapphire Reserve and certain business Ink cards) to maximize their value.
Meanwhile, the AARP card is more similar to the Amazon card. It earns 3 percent cash back at restaurants and gas stations and 1 percent back on everything else. While the earnings for these two categories is among the highest, you’ll only earn 1 percent back on all non-bonus spending. Like the Amazon card, rewards earned with the AARP card cannot be combined with any other Chase card.
Each of these cards has its differences, and your spending habits should dictate which one is best for you.
Compare Amazon Rewards Visa Signature Card to Other Cards
Every major bank offers a cashback card as these rewards programs are easy to use, plus the appeal of free cash is universal. Here’s another batch of no-annual fee cashback cards to consider.
- Discover it® - Cashback Match™
Up to 5% cash back offerRead Review
- Citi® Double Cash Card
1% cash back on purchases and 1% as you pay for those purchasesRead Review
- Bank of America® Cash Rewards™ Credit Card
$150 cash rewards offerRead Review
The Discover it card is most similar to the previously mentioned Chase Freedom card in that it earns a base 1 percent cash back with rotating 5 percent back categories on up to $1,500 per quarter. But unlike the other cards in this bunch, the Discover it card will double all the cash back you earn in your first year of card membership.
Citi offers the Double Cash card where you earn 1 percent back on every purchase and an additional 1 percent when you pay off your bill. The catch is that on the backend, you only earn 1 percent of what you pay back, so if you don’t pay your balance in full, you won’t really be getting 2 percent back on your purchases. Whatever the case, carrying a balance does mean that you will be paying high interest charges that will negate the cash back you’re earning.
Lastly, the BankAmericard Cash Rewards card offers tiered bonus categories, like the Amazon card. With this card from Bank of America, you’ll earn 3 percent back on gas and 2 percent back at grocery stores and wholesale clubs for up to $2,500 each quarter. On every other purchase, you’ll earn 1 percent back.
As you can see, these cards all have similarities and differences. The Amazon card is the sole card that earns a bonus on all purchases made at Amazon and doesn’t cap the cash back you can earn in bonus categories. Again, depending on your spending habits, this may be the best card for you.
Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.
Card Terms and Conditions
While it's easy to focus on the rewards offered by the Amazon Rewards Visa Signature card, it's worth taking a closer look at the terms and conditions. There's a lot to consider as you think about how you're going to use the card. Will you carry a balance, get a cash advance or maybe make a big purchase? Below is a rundown of the various interest rates, purchase protections, security features and mobile banking options that come with the Amazon Visa Signature.
- Intro APR:
- See Terms and Conditions
- Intro APR for balance transfers:
- See Terms and Conditions
- Ongoing APR:
- 15.24% to 23.24% Variable±
- Minimum Grace Period:
- 21 days
- Extended Warranty Protection:
- On eligible purchases, this card extends the time period of the U.S. manufacturer's warranty by an additional year on warranties of three years or less.
- Purchase Protection:
- The card covers your new purchases for 120 days against damage or theft for up to $500 per claim and $50,000 per account.
Cash Advance Features
- Ongoing APR:
- 25.99% Variable±
- Cash Advance Fee:
- Either $10 or 5% of the amount of each transaction, whichever is greater
Security and Protections
The Amazon card comes with all of Chase’s standard credit card security features.
- Account alerts:
- Through Chase’s website or mobile app, you can set up account alerts to be notified of large transactions, unauthorized withdrawals or when your payment is due.
- Monitoring Your Account On The Go:
- You can keep up with your account and transactions with the Chase website and mobile app available for Apple and Android.
- EMV Chip Technology:
- Like more and more credit cards, this card comes with chip technology that can be used at merchants in the U.S. and abroad that use chip-enabled terminals.
Chase offers a mobile banking version of their website as well as a mobile app for Apple and Android so you can always monitor your account wherever you are. You can check your account balance, transaction activity and even pay your bill straight from your smartphone.
- Mobile Wallet:
- This card can be set up on your smartphone to use with Apple Pay, Android Pay and Samsung Pay.
Additional Cardholder Benefits
All consumers who are approved for the Amazon Rewards card are issued a Visa Signature. Through this enhanced program from Visa, the travel benefits below are available with your Chase card. These benefits are similar to those offered by American Express and World Elite Mastercard.
Visa Signature Travel Benefits
- Auto Rental Collision Damage Waiver:
- Coverage for theft and collision for most rentals in the U.S. and abroad. Coverage is secondary after your personal insurance.
- Lost Luggage Reimbursement:
- Get up to $3,000 per passenger for damaged or lost bags. Coverage includes the cardholder and immediate family members on the same travel itinerary.
- Roadside Dispatch:
- You can call 1-800-847-2869 for roadside assistance, including lockout service, towing, jumpstart and gas delivery. Service charges apply.
- Travel Accident Insurance:
- If you pay for your air, bus, train or cruise travel with your card, you are eligible to receive accidental death or dismemberment coverage of up to $500,000.
- Travel And Emergency Assistance Services:
- If you run into a problem while away, you can call the benefit administrator for legal referrals, medical referrals and other emergency assistance. Service charges apply.
- Baggage Delay Insurance:
- Get reimbursed for essentials like toiletries and clothing for baggage delays over six hours (up to $100 per day for 3 days).