Amazon Rewards Visa Signature card members are automatically enrolled in the Shop with Points program. If you haven't added your Amazon Rewards Visa Signature Card to your Amazon account, add your card in your Wallet and you will be enrolled automatically.
You have 21 days after the end of the billing cycle to pay the balance in full to avoid any interest charges. Customers will pay $5 or 5% of the amount of a balance transfer, whichever is greater.
Remember that rewards are most valuable to people who don’t carry a balance. You can easily pay more in interest charges than the rewards are worth.
Second, don’t make purchases solely to earn rewards. Saving your money and investing it will always win out over spending for rewards.
Points don’t expire as long as your account is open. Set up automatic payments to earn rewards on the bills you pay anyway like utilities, TV and more.
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From card benefits and program basics to fees, drawbacks, and more, we’re outlining everything you need to know in this in-depth review. Prime members get an extra bump up to 5% back at Amazon .com and Whole Foods, which is a nice little bonus if you’re already paying a yearly Prime Membership fee (not to be confused with the annual credit card fee, which neither of these cards has).
By making an eligible purchase, the cardholder is earning percent-back rewards, which are then converted to points before being issued to the customer. Thinking of your return in terms of earning percent-back rewards converted to points can get confusing.
The Amazon Visa Signature Cards intermittently offer cardholders ways to earn bonus points through the program or special promotions. For example, last summer some cardholders received a targeted offer for a 10% bonus on earned points.
At checkout, Amazon gives you an easy option to utilize your rewards points. Say you’re buying a new Kindle Paper white for $80, and you’re an Amazon Prime Rewards Visa Signature Cardholder.
This is the best way to maximize your points as you’re utilizing your credit card to its full potential when you place purchases on it earning you 1%, 2%, or 3%/5% back. Using your points to redeem for items on Amazon .com would mean you’re not earning rewards on that purchase.
This appears to be the same return rate as opting for cash-back, so there’s not currently an incentive here to choose gift cards over cash-back. Hot Tip: There have been a few reports of cardholders calling or emailing Chase to ask if their Amazon points could be transferred to Ultimate Rewards points.
However, if the account status changes or if it is closed for misuse, fraudulent activity, failure to pay, bankruptcy, etc., the cardholder will immediately forfeit all their points. Strictly from a percent-back perspective, the math works out to a spending threshold of roughly ~$5,000 at Amazon and/or Whole Foods before you start reaping benefits that outweigh the $99 Prime membership fee.
Otherwise, you’re better off utilizing the standard card with 3% back and no annual prime membership. For example, if you watch just 1 Prime movie a month that otherwise would have cost you $5, you’re saving $60 over the course of a year.
Go with the standard Amazon Rewards Visa Signature Card and its 3% back. In addition to the main benefits above, each of the Amazon Visa Signature Rewards Card comes with some added perks.
Room upgrades VIP guest status Exclusive benefits Hot Tip: Remember, the easiest way to avoid fees is to apply for (and use) a credit card only if you’re confident you can be a responsible cardholder.
For the Amazon Rewards Visa Signature Cards, fees include (but aren’t limited to): Depending on your creditworthiness, a higher APR could definitely get you into some trouble if you’re not acting as a responsible cardholder.
After clicking “Apply Now,” you’ll be asked to sign in to your Amazon account before proceeding. You may be approved instantly, or you may receive a message stating they need more time to review your application.
The main benefit of this card is the special financing, which you may also see advertised as “0% Purchase APR for 6-24 months.” Plus, if you’re a Prime member, you’re granted the additional 5% back. One thing to note with special financing: it is defined as “no interest if paid in full within…” This means that if you pay off your balance in full by the end of the allotted time period, you’ve succeeded in stretching out your payments with 0% APR.
Deferred interest means the full standard APR (27.24% variable) will be charged to your account for every month back to the purchase date. In terms of application, all consumers apply initially for the Amazon Store Card.
Earn 5% cash-back for the first $1,500 in combined purchases each quarter in rotating bonus categories (new categories every 3 months and activation is required) Earn 1x on all other purchases 0% intro APR for 15 months from account opening on purchases.pricing and terms reference link. Bonus: Purchase Amazon .com gift cards from office stores using the Ink Business Preferred and you’ll get 3pts/$1 spent.
Since they require a “good” credit score to be approved, chances are most individuals utilizing them are responsible cardholders who won’t have to deal with the high APR or other added fees. Just remember that to truly maximize your returns, you’re better off redeeming your points for a statement credit or cash-back than directly for products on Amazon.
However, you might be a points and miles junkie who already has a system in place to maximize your spending through another travel rewards credit card. In this case, you may want to stick with a card that gives you a better option to utilize your hard-earned points for travel purposes.
The bonus for new cardholders is $70 and you earn more cash back at Amazon and Whole Foods Market. Easy-to-earn new cardholder bonus : You’ll get a $60 Amazon gift card upon approval.
That's an wonderful bonus for a retail card since you're not required to spend anything to get it. Travel perks : The card has some strong travel-related insurance benefits and doesn’t charge a foreign transaction fee.
The Amazon Rewards Visa Signature Card from Chase offers three levels of cash-back earnings. You’ll earn 3% at Amazon .com and Whole Foods Markets; 2% at restaurants, gas stations, and drugstores; and 1% on everything else.
Points don’t expire as long as your account stays open. Statement credits are applied directly to balances, but they don’t replace minimum payments due.
The exception is if the statement credit pays off the full balance including interest owed. Then make sure you use the card for all your restaurant, gas, and drugstore purchases to max out the 2% category.