The Amazon Prime Store Card from Synchrony and the Amazon Prime Rewards Visa Signature card from Chase each offer 5% back on Amazon .com purchases, but the latter card also comes with 2% back on restaurant, gas station and drugstore purchases and 1% back on all other purchases. Meanwhile, the Chase Amazon .com Rewards Visa card, designed for cardholders who are not Prime members, offers just 3% back on Amazon .com and Whole Foods purchases but carries the same rate as the Amazon Prime Rewards Visa in other categories: 2% back on restaurant, gas station and drugstore purchases and 1% back on all other purchases.
Assuming you pay on time and keep your balances low, store cards like these can be a great entry point as you work to build or rebuild your credit. Also issued by Synchrony Bank, the AmazonCredit Builder looks just like an Amazon store card, but it requires you to put down a deposit of $100 to $1,000, which doubles as your credit limit.
Whether you’re a Prime member or not, Chase’s Amazon cards win out easily on the rewards front. These cards offer many more opportunities to earn rewards on everyday spending and are much more flexible.
While the difference is not dramatic, Synchrony’s Amazon store cards offer longer financing periods on Equal Pay purchases. The Chase Amazon Visa cards, on the other hand, offer six-, 12- and 18-month financing plans on minimum purchases of $150, $250 and $500, respectively.
Keep in mind, the 25.99% variable APR on Synchrony’s Amazon store cards is fairly high compared to the average credit card interest rate and could come back to bite you if you opt for Special Financing. Along with your Prime membership status, your credit score will be the main factor in deciding which Amazoncreditcard is the best match for you.
Stick with one of the Synchrony store cards while you build your score, after which you can apply for a more lucrative Amazoncreditcard from Chase. If, on the other hand, your score is in good shape, one of the Chase Amazon cards is the obvious choice, as you can not only earn more plentiful (and more flexible) rewards but also enjoy a lower APR and take advantage of Amazon financing on large purchases.
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Credit Score Amazon .com is the world’s largest online retailer. If you find yourself shopping there often, you’ll want to make sure you have a credit card that gives you a healthy bonus for doing so.
In addition to the bonus on Amazon purchases, the Amazon Rewards card also gives 2% back at restaurants, gas stations and drug stores, and 1% cash back on all other purchases. Unlike some other cards, your earnings are not capped; you get 3% back on all of your Amazon purchases, no matter how much you spend.
If you use your 5,000 points directly with Amazon, they will take $50 off your purchase, leaving you with a net total of $40. If, instead, you pay for the entire $90 with your Amazon Rewards Visa card, you’ll earn 270 points.
It may not make a huge difference, but it’s good to get in the habit; every point counts! Forbes uses data from various government agencies in order to determine both baseline income and spending averages across various categories.
The 70th percentile of wage-earning households brings in $100,172 annually, and we base spending on that number. Additionally, our baseline household spends $2,377 annually on online shopping.
This household has annual average expenses of $978 at drugstores, $4,406 at restaurants and $2,687 at gas stations. Forbes estimates that you could reasonably expect to be able to charge an additional $13,144 each year on your Amazon card.
That yields a total of 44,865 Amazon Rewards points for this sample household. That’s nearly $450 in annual cash back, in addition to the welcome offer earned in the first year.
No foreign transaction fees: No additional charges on purchases outside the U.S. Lost luggage reimbursement: Up to $3,000 per passenger in reimbursement if your luggage is lost or damaged Baggage delay: You’ll be reimbursed for purchases like toiletries and clothing if your baggage is delayed over six hours, up to $100 a day for three days. Complimentary Visa Signature Concierge Service: Access to the Visa Concierge 24 hours per day for items such as hard-to-find sports and entertainment tickets, dinner reservations and more.
Foreign Purchase Transaction fee: $0 Late Penalty: Up to $39 Returned Payment: Up to $39 The flexibility to change your bonus category monthly is a nice feature, and the Bank of America Cash Rewards card also earns 2% cash back at grocery stores and wholesale clubs.
Depending on how much you spend at Amazon, versus purchases at places that only earn 1% on the Amazon Rewards Visa card, you may find that the City Double Cash will earn you more points. The City Double Cash is also a great option if you have a card that earns City Thanks points as you can combine point totals in order to have more redemption options.
To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.
Contributor Dan Miller is a freelance writer and founder of PointsWithACrew.com, a site that helps families to travel for free / cheap. His home base is in Cincinnati, but he tries to travel the world as much as possible with his wife and 6 kids.
Earn 5% back at Amazon and Whole Foods Market with an eligible Prime membership* With room upgrades and VIP guest status, enjoy exclusive benefits at premium properties in the Visa Signature Luxury Hotel Collection.
Your complimentary Visa Signature Concierge Service is available 24/7 to assist with planning and booking. To confirm offers and credit card details, check the issuer’s website.
Intro Offer$50 Amazon .com gift card upon approvalRewards Rate3% cash back at Amazon .com and Whole Foods Market2% cash back at restaurants, gas stations, and drugstores The online all-product marketplace Amazon offers a few different credit cards to its customers.
On top of this, you’ll also get a $50 gift card to Amazon just for getting approved. This credit card also comes with travel and emergency assistance, lost luggage reimbursement perks, baggage delay insurance, and travel accident insurance.
Late fees ranges anywhere from as low as $15 up to $37, depending on the size of the due payment. Like most credit cards, the Amazon Rewards Visa Signature has an APR to consider.
Regular purchases and balance transfers come with an APR ranging from 15.49% to 23.49%. That includes everything from Amazon Fresh orders and digital downloads to gift cards and everyday items, like your recurring diaper delivery.
Better yet, there's no annual fee, and new cardholders will receive a $50 Amazon gift card upon approval, so you can add that to your bottom line, too. To put that in perspective, let's say you're finally planning to snag a robot vacuum to cut down on your housework, and you have your eye on the iRobot Roomba 891.
When they're not stocking their fridge, they'll earn 2% at restaurants, gas stations and drugstores and 1% cash back on everything else. Cardholders will also be privy to exclusive deals throughout the year, with an additional 5% to 20% cash back on certain best-selling items, from smart devices to kitchen gadgets.