Amazon Card offers an array of benefits that can significantly enhance your Amazon shopping experience. Here’s an in-depth look at what this card brings to the table.
The Prime Visa Card
The Prime Visa Card is issued by Chase and is made of metal, adding a touch of luxury. The business version, however, is issued by American Express.
Cash Back Rewards
The Prime Visa Card offers substantial cash back rewards:
- 5% cash back at Amazon.com, Whole Foods, Amazon Fresh, and Chase Travel
- 3% cash back at these locations if you don’t have Prime
- 2% cash back at restaurants, gas stations, and local transit
- 1% cash back on all other purchases
No Annual Fees
Although the card has no annual fees, an Amazon Prime membership is necessary to maximize its benefits, effectively acting as an indirect annual fee.
Sign-On Bonus
Currently, the card offers a $200 Amazon gift card upon approval. This offer may vary, so keep an eye out for better deals during significant Amazon events.
Additional Perks
The Prime Visa Card offers several other benefits:
- 10% cash back on select products
- Auto rental collision damage waiver
- Baggage delay insurance
- Extended warranty protection
- Lost luggage reimbursement
- Roadside dispatch
- Travel accident insurance
- Travel and emergency assistance
- Purchase protection
0% Promo APR
Cardholders can choose between earning rewards or taking advantage of 0% promo APR for 6-12 months on purchases of $50 or more. After this period, a variable APR of 19.49% to 27.49% will apply.
Final Thoughts
The Prime Visa Card is a powerful tool for frequent Amazon shoppers, offering numerous rewards and benefits. However, to unlock its full potential, an Amazon Prime membership is essential.
The Amazon Store Card
The Amazon Store Card is another excellent option for Amazon shoppers. It offers unique benefits tailored to both Prime and non-Prime members.
Sign-On Bonus
Upon approval, new cardholders receive a $100 Amazon gift card. This immediate bonus makes the card attractive right from the start.
Pre-Qualification
One standout feature of the Amazon Store Card is the ability to pre-qualify. This allows potential cardholders to check their approval status without affecting their credit score.
Cash Back Rewards
Similar to the Prime Visa Card, the Amazon Store Card offers cash back rewards:
- 5% cash back at Amazon.com for Prime members
- 3% cash back at Amazon.com for non-Prime members
No Annual Fees
The Amazon Store Card has no annual fees, making it a cost-effective option for those who shop frequently on Amazon.
0% APR Financing
Cardholders can take advantage of 0% APR financing on qualifying purchases, allowing them to buy now and pay over time with equal monthly payments.
Fraud Protection
The card offers zero fraud liability, ensuring that cardholders are protected from unauthorized charges.
Additional Rewards
Prime members can earn up to an additional 5% to 15% in rewards on select promotional items, further enhancing the card’s value.
Final Thoughts
The Amazon Store Card is a valuable tool for frequent Amazon shoppers, offering substantial rewards and flexible financing options. Its pre-qualification feature and lack of annual fees make it an attractive choice for many.
The Amazon Secured Card
The Amazon Secured Card is a valuable tool for those looking to build or rebuild their credit. It offers unique features tailored to individuals in the early stages of their credit journey.
Ideal for Credit Building
The Amazon Secured Card is designed for individuals with low or no credit scores. It helps users build their credit while making purchases on Amazon.
No Annual Fees
One of the standout features of the Amazon Secured Card is that it has no annual fees. This makes it a cost-effective option for those looking to improve their credit score.
Security Deposit Requirement
To activate the Amazon Secured Card, users must provide a security deposit. This deposit acts as collateral and determines the card’s credit limit.
- Minimum deposit: $100
- Maximum deposit: $11,000
- Credit limit equals deposit amount
Refundable Deposit
When users decide to close their account or upgrade to another card, their security deposit is refunded. This provides a risk-free way to build credit.
Upgrade to Amazon Store Card
After 12 months of responsible use, users may be eligible to upgrade to the Amazon Store Card. This upgrade comes with additional benefits and the return of the initial deposit.
Final Thoughts
The Amazon Secured Card is a smart choice for those looking to build or rebuild their credit. With no annual fees and a refundable security deposit, it offers a low-risk way to improve your financial standing.
Amazon Business Cards
Amazon also offers business credit cards that provide unique benefits tailored to business owners and sole proprietors.
Amazon Business Prime Card
The Amazon Business Prime Card is an excellent option for business owners who frequently shop on Amazon. It offers various rewards and benefits.
Reward Structure
The Amazon Business Prime Card provides substantial cash back rewards, making it a valuable tool for managing business expenses.
- 5% cash back at Amazon.com and Whole Foods
- 2% cash back at restaurants, gas stations, and local transit
- 1% cash back on all other purchases
No Business Requirement
Interestingly, you don’t need an official business to apply for the Amazon Business Prime Card. Sole proprietors can also take advantage of this card.
Additional Benefits
The Amazon Business Prime Card offers several additional perks that can benefit business owners.
- Extended payment terms
- Purchase protection
- Travel and emergency assistance
Sign-On Bonus
New cardholders may be eligible for a sign-on bonus, making the card even more attractive. Check current offers for the most up-to-date information.
Final Thoughts
The Amazon Business Prime Card is a powerful tool for business owners and sole proprietors. With substantial rewards and additional benefits, it can significantly enhance your business purchasing power.
Comparing the Personal Amazon Cards
Amazon offers three personal credit cards, each tailored to different needs and preferences. Here’s a quick comparison to help you choose the right one.
Prime Visa Card
The Prime Visa Card is ideal for Prime members who frequently shop on Amazon and Whole Foods. It offers:
- 5% cash back at Amazon and Whole Foods
- No annual fee (with Prime membership)
- Additional travel and purchase protections
Amazon Store Card
The Amazon Store Card benefits both Prime and non-Prime members, featuring:
- 5% cash back for Prime members
- 0% APR financing options
- Pre-qualification without affecting credit score
Amazon Secured Card
The Amazon Secured Card is perfect for those building credit:
- No annual fees
- Requires a security deposit
- Potential upgrade to Amazon Store Card
Conclusion and Recommendations
Choosing the right Amazon card depends on your shopping habits and financial goals.
Best for Prime Members
The Prime Visa Card offers the most benefits for Prime members, maximizing cash back and additional perks.
Best for Financing Options
The Amazon Store Card is excellent for those seeking flexible financing without annual fees.
Best for Building Credit
The Amazon Secured Card is a low-risk way to build or rebuild credit, with the added benefit of potential upgrades.
Assess your needs and choose the card that aligns with your financial strategy.