Amazon Prime Rewards Visa Signature Review

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Amazon Prime Rewards Visa Signature Card

Amazon Prime Rewards Visa Signature Card

Learn more externa link icon at our partner’s secure site
Rewards rate:

5% back at Amazon.com and Whole Foods Market with eligible Prime membership* 2% back at restaurants, gas stations, and drugstores* 1% back on all other purchases*

  • Intro bonus: No current offer
  • Annual fee: $0
  • Regular APR: 14.24% to 22.24% Variable
  • Recommended credit score: 670-850 (Good to Excellent)

The Amazon Prime Rewards Visa Signature Card from Chase is a game-changer for people who spend a lot on Amazon.com or at Whole Foods — both categories net you 5% in cash back. You’ll also earn rewards in other popular everyday categories along with some pretty sweet additional benefits, all for no annual fee (as long as you’re a Prime member).

At a Glance

  • 5% cash back at Amazon.com and Whole Foods Market
  • 2% back at restaurants, gas stations, and drugstores
  • 1% back on other purchases
  • Earn a $100 Amazon.com gift card instantly upon account approval
  • No annual fee (but $119 Amazon Prime membership required)
  • Variable APR of 14.24% to 22.24%

Pros

  • Great rewards on Amazon.com and Whole Foods purchases, plus popular everyday spending categories

  • No foreign transaction fee

  • Metal card

Cons

  • Signup bonus is only worth $100, and it comes in the form of an Amazon gift card

  • No annual fee, but $119 Amazon Prime membership required

  • High variable interest rate of 14.24% to 22.24%

Additional Card Details

While the Amazon Prime Rewards Visa Signature Card is geared toward regular Amazon shoppers, it’s not your typical retail card. You can use this Visa credit card with merchants worldwide (and incur no foreign transaction fee). As a Visa Signature card, it also comes with a surprising number of extras like Visa Signature Concierge Service and Luxury Hotel Collection access. 

Here are a few more benefits you should know about: 

  • Travel and emergency assistance
  • Lost luggage reimbursement
  • Baggage delay coverage
  • Travel accident insurance
  • Purchase protection
  • Extended warranties
  • Auto rental coverage and roadside assistance

Should You Get this Card?

The Amazon Prime Rewards Visa Signature Card is obviously best-suited for those who regularly spend money with Amazon.com and regularly shop at Whole Foods Market. If your porch is constantly littered with Amazon deliveries and the Whole Foods cashier knows you by name, you can easily gain enough value from the card to save on your regular spending and offset the cost of Amazon Prime membership. But if you don’t shop Amazon.com or Whole Foods, you can find better rewards rates on your spending from other cards.

Pro Tip

If you regularly spend on Amazon.com, then the Amazon Prime Rewards Visa Signature Card could help you rack up tons of cash back. Just be sure to pay your bill in full each month to avoid paying the high variable APR, which will fall between 14.24% to 22.24% based on your creditworthiness.

You’ll get the most value from this card if you’re already an Amazon Prime member (a $119 annual cost). Non-members can still qualify for Amazon’s Rewards Visa Card, but you’ll only earn 3% back on Amazon.com and Whole Foods purchases, not 5%.

How to Use the Amazon Prime Rewards Visa Signature Card

To make the most of the Amazon Prime Rewards Visa Signature Card, you’ll want to add it as the default form of payment to your Amazon.com account right away. You’ll have the $100 gift card earned upon opening your account in there already, and you can begin earning 5% back on all your Amazon.com purchases without any limits. It can also occasionally earn you up to 20% back on rotating categories and products.

Really maximizing that 5% category may require changing your shopping habits to ensure you purchase more of your regular budget items with the online marketplace or at your local Whole Foods. Consider setting up automatic shipments of toilet paper or diapers, for example, or trying out Amazon’s grocery delivery service.

In the meantime, you can also boost rewards by using the card for your purchases in 2% cash back categories: restaurants, gas stations, and drugstores. If you have another card that earns a higher rewards rate in these common everyday categories though, you may find more value in reserving this card solely for Amazon.com and Whole Foods purchases.

Finally, always make sure you pay your credit card bill in full and on time, or else you’ll pay the high variable rate on your purchases and wipe out any rewards you’ve earned.

When it’s time to redeem rewards, you can easily turn your cash back into more purchases from Amazon. You can redeem rewards directly toward purchases on Amazon.com, but if you redeem for cash back or statement credits instead, you can put those rewards toward your next Amazon purchase to continue earning on each purchase you make. You can also choose to redeem through Chase for travel and gift card options.  

Amazon Prime Rewards Visa Signature Card Compared to Other Cards

Amazon Prime Rewards Visa Signature Card

Amazon Prime Rewards Visa Signature Card

  • Intro bonus:
    No current offer
  • Annual fee:
    $0
  • Regular APR:
    14.24% to 22.24% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site
Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express

  • Intro bonus:
    $300
  • Annual fee:
    $0 introductory annual fee for one year, then $95.
  • Regular APR:
    13.99%-23.99% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site
Bank of America® Cash Rewards credit card

Bank of America® Cash Rewards credit card

  • Intro bonus:
    $200
  • Annual fee:
    $0
  • Regular APR:
    13.99% – 23.99% Variable APR on purchases and balance transfers
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon at our partner’s secure site

All information about the Amazon Prime Rewards Visa Signature Card and the Bank of America Cash Rewards credit card has been collected independently by NextAdvisor and has not been reviewed by the issuer.

Bottom Line

EDITORIAL INDEPENDENCE

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

The Amazon Prime Rewards Visa Signature Card is a real winner for frequent Amazon.com and Whole Foods shoppers, especially if you already have or are seriously considering Prime membership. When you add in all the Visa Signature perks and additional 2% cash back categories, this card is a sweet deal for anyone looking to save on regular budget items.

With that being said, make sure to compare this card to other cash back options that aren’t as tied to a single merchant. The key is finding the card that will reward you the most for your spending. 

Frequently Asked Questions

Is the Amazon Prime Rewards Visa Signature Card worth it?

The Amazon Prime Rewards Visa Signature Card is easily worth it if you spend regularly on Amazon.com or at Whole Foods. Imagine you spend $1,000 each month on Amazon purchases and grocery delivery. In that case, this card would net you $600 in cash back in those categories alone every year.

What happens if you cancel Amazon Prime?

If you set your Amazon Prime Rewards Visa Signature as your preferred payment method on Amazon, your Prime membership will automatically be charged to the card upon renewal. 

 

You may choose to cancel your Prime membership at any time and continue using your Prime Rewards Visa card, but if the Amazon account associated with your card no longer has Prime membership, your rewards rate at Amazon and Whole Foods will drop from 5% to 3% cash back — the same rate you would earn with the Amazon Rewards Visa card, which doesn’t require Prime membership.

What credit score do I need for Amazon Prime Rewards Visa Signature Card?

Generally speaking, you’ll need excellent credit to qualify for the Amazon Prime Rewards Visa Signature Card. This typically means a credit score of 740 or higher. 

Can I cancel the Amazon Prime Rewards Visa Signature Card?

You can cancel the Amazon Prime Rewards Visa Signature Card at any time.