Review of the Amazon Rewards Visa Signature and Amazon Prime Rewards Visa Signature

John Ganotis

John Ganotis | Reviews

Jul 10, 2017 | Updated Jun 26, 2018

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If you’re one of the millions of frequent Amazon shoppers, you should probably be using one of their no-annual-fee Visa Signature rewards cards for all your purchases, especially if you have Amazon Prime.

This review covers the Amazon Rewards Visa Signature Card and the Amazon Prime Rewards Visa Signature issued by Chase. There’s also the Amazon.com Store Card (Review) issued by Synchrony Bank, but the two in this review are probably the ones you should consider, unless you want to pay for a large Amazon purchase over time.

You can use these cards anywhere Visa cards are accepted, and you’ll earn rewards when you do, but you’ll get the most rewards value from these cards when you’re shopping on Amazon. Another nice touch is that these cards have no foreign transaction fees, so they won’t cost you more to use abroad.

Here’s a quick breakdown of the differences:

  • Amazon Rewards Visa Signature: For people who don’t have Amazon Prime. Earns 3% back at Amazon and Whole Foods, 2% at restaurants, gas stations, and drug stores, and 1% on all other purchases.
  • Amazon Prime Rewards Visa Signature: For people who subscribe to Amazon Prime. Earns 5% back at Amazon and Whole Foods, 2% at restaurants, gas stations, and drug stores, and 1% on all other purchases. This one’s also made out of metal.
Amazon Rewards Visa Signature Card
Apply Now

Amazon Rewards Visa Signature Card

For People with
Good Credit

  • Annual Fee: $0
  • Interest Rate: 15.99%–23.99% Variable
Quick Card Facts
  • Earn 3% back at Amazon.com
  • Earn 2% back at gas stations, restaurants, and drugstores
  • Earn 1% back on all other purchases

The information for Amazon Rewards Visa Signature Card has been collected independently by Credit Card Insider. The card details on this page have not been reviewed or provided by the card issuer.

Amazon Prime Rewards Visa Signature Card
Apply Now

Amazon Prime Rewards Visa Signature Card

For People with
Good Credit

  • Annual Fee: $0
  • Interest Rate: 15.99%–23.99% Variable
Quick Card Facts
  • Requires active Prime membership
  • Cash back can be redeemed at Amazon.com checkout
  • Earn 5% back at Amazon.com
  • Earn 2% back at gas stations, restaurants, and drugstores
  • Earn 1% back on all other purchases
  • Get a $70 Amazon.com Gift Card instantly upon credit card approval

The information for Amazon Prime Rewards Visa Signature Card has been collected independently by Credit Card Insider. The card details on this page have not been reviewed or provided by the card issuer.

Our Rating: 5 out of 5 Stars

If you shop on Amazon, there’s no reason not to get one of these cards, as long as you have excellent credit and use the card responsibly by paying on time, in full, every month to avoid interest.

Since there’s no annual fee on these card accounts, you may as well get one of these Amazon rewards cards just for your Amazon purchases. It might also be a top pick for other types of spending, depending on what other cards you have.

There’s a rare chance you could earn more rewards value with other cash back cards, but it’s unlikely you’ll find other cards that can consistently earn you more and be the best card for Amazon spending.

Insider Advice: Using These Cards as Part of Your Credit Card Strategy

  • Get one of these cash back credit cards to use for all your Amazon shopping, especially if you’re a Prime member.
  • Only redeem your rewards as a statement credit instead of at Amazon checkout so you earn rewards on the full amount of your purchases.
  • Use this card for non-Amazon purchases when you won’t earn more rewards value with another card.

The Rewards

Earning

Amazon Rewards Visa Signature

This card will earn you:

  • 3% back on Whole Foods and Amazon.com purchases
  • 2% back at restaurants, gas stations, and drugstores
  • 1% back on every other purchase
  • A $50 Amazon Gift Card when you’re approved for the card

Amazon Prime Rewards Visa Signature

This card will earn you:

  • 5% back on Whole Foods and Amazon.com purchases (including your Prime membership fee)
  • 2% back at restaurants, gas stations, and drugstores
  • 1% back on every other purchase
  • A $70 Amazon Gift Card when you’re approved for the card

The Amazon Prime Rewards Visa Signature is almost the same as the non-Prime version, but it’s only for Prime subscribers. It earns 5% back instead of 3% back on Amazon and Whole Foods purchases, and comes with a bigger bonus when you’re approved.

The rewards show up on your statement and when you log into your Chase account as points that are worth 1¢ each. So, for a $100 gas purchase you’d get 200 points, which are worth $2.00.

The $50 or $70 Amazon.com Gift Card you get when you’re approved is a great sign-up bonus. It gets added to your account immediately and automatically when you’re approved for your new card, so you can start spending it right away. The card itself will also be automatically added to your Amazon account upon approval, so you can start using it right away, before it arrives in the mail.

There aren’t many other cards that can consistently earn you 3% cash back equivalent value when shopping at Amazon and Whole Foods, let alone 5%. The Discover it (Review) has a rotating 5% category, and sometimes that category includes Amazon purchases. That card may be able to earn you the same rewards value, or more, on Amazon, but only for one or maybe two quarters of the year. Discover also doubles the cash back rewards for the fist year, so it could effectively earn 10% cash back on Amazon for 1–2 quarters in the first year, but not consistently.

When it comes to non-Amazon purchases, 2% cash back equivalent on restaurants, gas stations, and drugstores is pretty good, but you may be able to do better with another card. For example, if you have a Chase Sapphire Preferred (Review) or Chase Sapphire Reserve (Review) you could earn a lot more rewards value on spending at restaurants.

For purchases where you would earn 1%, you can probably earn more rewards value with another card. For example, there are plenty of cards that earn at least 1.5–2% on all purchases, like the Chase Freedom Unlimited (Review) or Citi Double Cash (Review).

Redeeming

There are several ways you can redeem your rewards on this card, and we recommend redeeming for statement credit or depositing rewards to a checking account.

At Checkout on Amazon.com

Once you start using the card and paying your bill, you’ll start to see rewards points when you check out on Amazon that you can apply to your purchase. We don’t recommend redeeming your rewards this way, because then you won’t be earning rewards on the amount you’re redeeming.

For example, let’s assume you are making a purchase on Amazon for $100, and you already have 2,000 points ($20 worth) that you’ve earned in previous statement periods. You could apply those points at checkout, and that would reduce the amount you need to pay for the purchase to $80, which you you could charge to your Amazon card. Assuming you have the Prime Rewards Visa Signature, you’d earn $4 in rewards value on that purchase ($80 x 5%).

If you had put the full $100 purchase on your card, you would have earned $5 in rewards value ($100 * 5%). So, by cashing in your rewards points at checkout you’re missing out on that extra $1 of rewards value. That may not sound like much, but over time the difference could add up.

By always charging the full amount of the purchase on your Amazon card instead of redeeming points at checkout, you’ll be able to earn rewards on your entire purchase, then reduce your bill later by redeeming the points for statement credit.

Statement Credit or Deposit into Bank Account

When you sign into your account on the Chase website, you’ll see your rewards points balance.

By following a few simple steps, you can cash in those points at a value of 1¢ each for statement credit, or you can deposit the rewards value into a bank account.

This redemption method is possible any time you have at least 2000 points. You don’t have to redeem in any specific increments, though, so you could do this every time you hit the minimum while still getting the full rewards value on every Amazon purchase you make as long as you pay for the whole order with your card.

On the Chase website, click Redeem then Redeem Rewards to start the process.

Redeem points for gift cards

Once you’re in the Chase rewards portal for this card, you can choose to redeem points for gift cards. Last we checked, most gift cards were valued at 1¢ per point, so it’s not a bad redemption option, but redeeming for a statement credit or depositing rewards to a bank account gives you more flexibility.

The Costs & Fees

Card Annual Fee Regular APR Regular Balance Transfer APR Cash Advance APR Foreign Transaction Fee
Amazon Rewards Visa Signature Card $0 15.99%–23.99% Variable 15.99%–23.99% Variable 26.74% Variable None
Amazon Prime Rewards Visa Signature Card $0 15.99%–23.99% Variable 15.99%–23.99% Variable 26.74% Variable None
Card Penalty APR Late Fee Returned Payment Fee
Amazon Rewards Visa Signature Card None Up to $37 Up to $37
Amazon Prime Rewards Visa Signature Card  None  Up to $37 Up to $37

Neither of these cards has an annual fee, which is great for cards that have such high rewards potential.

You’ll want to pay your balance in full and on time every month to avoid interest fees, which will quickly eat up any rewards value you earn.

The cards allow balance transfers and cash advances, although they don’t provide competitive balance transfer offers. If you’re looking to transfer a balance, it’s likely you can find a card with no balance transfer fee.

The Bottom Line

Frequent Amazon shoppers are likely missing on lots of rewards value by not using one of the Visa Signature cards, especially Amazon Prime customers. These card offers are hard to beat, since they offer great rewards for no annual fee for the card.

If you’re already an Amazon Prime member, it seems like an easy decision to apply for the Amazon Prime Rewards Visa Signature, use it for all Amazon purchases, and pay off the balance in full every month to avoid interest.

Depending on what other cards you have, either one of these Amazon Rewards Visa Signature cards be you most rewarding card for spending on restaurants, gas stations, and drugstores.

If you don’t want to pay the yearly fee for Amazon Prime, but still want to earn rewards on Amazon, the Amazon Rewards Visa Signature is a surprisingly rewarding card with no annual fee. You’ll get that 3% back when you shop at Amazon, and you can use the card elsewhere when you don’t have another card that will earn you more in rewards.

Was this review helpful to you? Go ahead and share it with a friend! And if you use one of these cards, click to leave your own review of the Amazon Rewards Visa Signature, or the Amazon Prime Rewards Visa Signature we’d love to hear from you!

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The responses below are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertisers' responsibility to ensure all posts and/or questions are answered.

  • Chu Lee

    Beware: Hidden charge
    1. About $6 Hidden charge every month (just received first statement, there is about $6 hidden charge)
    2. Credit limit too low, cannot buy a TV (Want buy a $3000 TV, this card only have $2000 limitation,)

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