Amazon Credit Cards: Types, Benefits, and Rewards
As far as digital commerce platforms go, you can’t get much better than Amazon. Statista’s research shows that the company’s website and app receive over 2 billion monthly visitors. The platform has approximately 300 million active buyers, which translates into extremely high profits. In 2023 alone, the company earned over $574 billion. Impressive, isn’t it?
When it comes to Amazon shopping, there are multiple card options to consider. Amazon offers a store-exclusive card as well as one that can be used for other purchases. So, do you need a card specifically for Amazon shopping, or are you looking for a more general-purpose Visa card with some brand-specific bonuses? Here, we’re going to review Amazon Card benefits, features, and rewards.
If you don't know how much does it cost to have an Amazon account yet, you can find out in our separate article.
Amazon Prime Rewards Visa Signature Card
Among all the types of Amazon cards, none can rival Prime Visa. This offer is way better than most store credit cards, with great cashback rates and solid rewards.
- 5% cash back on Amazon.com, Amazon Fresh, and Whole Foods Market;
- 5% cash back on Chase Travel purchases;
- 2% cash back at gas stations, restaurants, and local transit and commuting;
- 1% reward on all other purchases;
- $100 Amazon Gift Card.
However, the extensive list of Amazon credit card benefits comes with a downside—if your credit score is less than 700, you’ll have to undergo additional checks. APR for the card ranges from 20.49% to 29.24%. Additionally, customers may face a late payment fee of up to $39.
Regular Amazon shoppers may find Prime sharing rules useful and might want to check the article about it on our website.
Amazon Prime Store Card
Amazon Prime Store may seem identical to Amazon Store at first glance, but in reality, they differ in several key aspects. For example, while a typical user of the Amazon Prime card benefits from cashback and a reduced APR, they also have to pay a purchase fee.
Why choose the Amazon Prime Store Card?
- 5% cash back on purchases at Amazon.com and Whole Foods Market (if using an In-Store Code);
- Exclusive offers on select items.
However, there are also some major drawbacks to consider. For instance, users must choose between a 5% bonus and splitting payments over 6, 12, or 24 months with a grace period. Also, you won’t earn any bonuses for purchases made outside the Amazon ecosystem.
If you don’t know how to make a Prime Account, we recommend that you check out the information on our website.
Amazon Rewards Visa Signature Card
It is the most versatile Amazon credit card, rightfully deserving of its current popularity. Rewards Visa offers a compromise between the credit system and the bonus program. Users are also not limited to just Amazon when it comes to cashback, but receive several additional benefits when shopping on the platform.
Here’s what you should know about Amazon Rewards Visa Card:
- No annual fees;
- 3% cash back on Amazon.com, Amazon Fresh, and Whole Foods Market;
- 3% cash back on purchases made through Chase Travel;
- 2% cash back at restaurants and gas stations;
- 2% cash back on local public transport and commuting to and from work, including ride-sharing;
- 1% cash back on all other purchases;
- Traditional APR, ranging from 20.49% to 29.24%
- $100 Amazon Gift Card.
Attractive terms, aren’t they? But this card also has a 4% balance transfer fee (or $5, whichever is greater), so you have to decide whether the benefits cover this cost for you. Users are also required to confirm a positive credit history.
By the way, if you want to delete your Prime Video account, we have an article for that, too.
Amazon Store Card
Amazon Store Card offers the brand’s customers a relatively limited list of benefits. However, it also doesn’t have any monthly or annual fees. With this card, users don’t receive any additional rewards but can still benefit from interest-free purchases.
Here are some advantages of this card:
- No fees for purchases between $150 and $600 if the credit is paid off within 6 months;
- No fees if a purchase of over $600 is paid off within 12 months;
- No fees if select purchases are paid off within 24 months.
All interest for the specified period is charged immediately if the payment is overdue. Moreover, a variable APR of 29.99% is set after the introductory period.
You may also be interested in Amazon Prime Student if you are eligible and want a decent bank card.
Final Thought
So, is the Amazon Credit Card good? Yes, especially if you are an active customer of the platform. Most of the cards we discussed here will allow you to save on purchases and get back a portion of the money in the form of points, which you can then convert into money at a rate of 100 points per $1.
If you are interested in does Amazon do Afterpay, you can find more details in the article on our website.
Moreover, you can always link the Prime system to your account and increase the benefits even further. This integration helps smooth over any differences between the card options, enabling you to pick the card that best aligns with your shopping habits and preferences while still enjoying significant benefits.
After analyzing all the options, we have concluded that the Amazon Rewards Visa Signature Card is the best choice. This Amazon credit card rewards the brand’s loyal customers with the following:
- Lots of cashback opportunities;
- Additional Amazon Prime benefits;
- Favorable lending terms;
- Very little fees.
