Amazon Prime Rewards Visa Signature Review

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Amazon Prime Rewards Visa Signature Card
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Amazon Prime Rewards Visa Signature Card
Editor’s Score: (3.8/5)
Learn more externa link icon At our partner’s secure site. See Rates & Fees, Terms Apply.
Amazon Prime Rewards Visa Signature Card
Editor’s Score: (3.8/5)
  • Intro offer:
    $150 Amazon Gift Card
  • Annual fee:
    $0
  • Regular APR:
    14.24% to 22.24% Variable
  • Recommended credit score:
    670-850 (Good to Excellent)
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*

NextAdvisor’s Take

Pros
  • Rewards on Amazon.com and Whole Foods purchases, plus popular everyday spending categories
  • No foreign transaction fees
  • Metal card
Cons
  • Sign up bonus comes in the form of an Amazon gift card
  • No annual fee, but $119 Amazon Prime membership required
  • High variable APR
The Bottom Line
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).

Additional Card Details

  • Visa Signature Card with benefits like Visa Signature Concierge Service and Luxury Hotel Collection access
  • Travel and emergency assistance
  • Lost luggage reimbursement and baggage delay coverage
  • Travel accident insurance
  • Purchase protection
  • Extended warranties
  • Auto rental coverage and roadside assistance

Amazon Prime Rewards Visa Signature Card Full Review

Card Type

The Amazon Prime Rewards Visa Signature Card is a co-branded card between Amazon and Chase with cash back rewards. You’ll get the best rewards rate on Amazon and Whole Foods purchases, but you can use the card anywhere Visa cards are accepted.

Annual Fee

This card charges no annual fee, but you must be an Amazon Prime member to qualify. Prime membership generally costs $119 per year.

Welcome Offer

You can qualify for an Amazon.com gift card worth up to $150 instantly upon approval.

Rewards

The Amazon Prime Rewards Visa Signature earns top cash back rates on Amazon.com and at Whole Foods, but you can also earn rewards on other everyday spending. Here’s what you’ll get with this card:

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

You can redeem your rewards toward Amazon purchases at checkout, or for cash back, gift cards, or travel through Chase.

Fees 

This card has a variable APR between 14.24% and 24.24%. There’s no annual fee (except your annual Prime membership) and no foreign transaction fees.

Fees you should be aware of include a late payment and returned payment fee of up to $39, as well as a 5% ($10 minimum) fee for any cash advances.

Benefits of Amazon Prime Rewards Visa Signature Card

This card’s main benefit is its Amazon rewards, but there are a few more perks to know about. First, you can get a solid welcome bonus of up to $150 to put toward purchases at Amazon.com. And since this is a Visa Signature card, you’ll get a number of travel and purchase protections too, from travel accident and baggage delay insurance to Visa Signature Concierge access.

Drawbacks of Amazon Prime Rewards Visa Signature Card

Like any co-branded card, the Amazon Prime Rewards Visa Signature has rewards most beneficial for frequent Amazon shoppers. And while the additional everyday rewards categories — restaurants, gas stations, and drugstores — can help add value, there are other cards with better rewards rates in these categories. If you don’t have a Prime membership, buy from the online retailer often, or do most of your grocery shopping at Whole Foods, you’ll probably get a better value elsewhere. 

Another drawback of this card is its relative lack of added benefits. The travel and purchase protections offered through Visa Signature are robust, but you won’t get any annual credits, additional perks, or intro APR offer which some competitors may provide.

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 $150 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.

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.

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

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Amazon Prime Rewards Visa Signature Card

Amazon Prime Rewards Visa Signature Card

Editor’s Score: (3.8/5)
  • Intro offer:
    $150 Amazon Gift Card
  • 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 See Rates & Fees, Terms Apply.
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Blue Cash Preferred® Card from American Express

Blue Cash Preferred® Card from American Express

Editor’s Score: (4.3/5)
  • Intro offer:
    $300
  • Annual fee:
    $0 introductory annual fee for the first year, then $95.
  • Regular APR:
    14.74% – 24.74% Variable
  • Recommended credit:
    670-850 (Good to Excellent)
  • Learn more externa link icon At our partner’s secure site See Rates & Fees, Terms Apply.
Learn More externa link icon
Bank of America® Customized Cash Rewards credit card

Bank of America® Customized Cash Rewards credit card

Editor’s Score: (4.3/5)
  • Intro offer:
    $200
  • Annual fee:
    $0
  • Regular APR:
    14.24% – 24.24% 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

Is Amazon Prime Rewards Visa Signature Right for You?

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.

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%.

Before you apply, 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. 

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

EDITORIAL INDEPENDENCE

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

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.