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

John Ganotis

John Ganotis | Reviews

Jul 10, 2017 | Updated Dec 15, 2017

Although Credit Card Insider does receive compensation from some card issuers as advertisers, this does not in any way influence our overall judgement of a card, or how one card is compared to another. Amazon and Chase have not endorsed this content in any way.

Learn more about how we rate credit and charge cards.

If you’re one of the millions of frequent Amazon shoppers, you should probably be using one of their no-annual-fee Visa Signature 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.

Here’s a quick breakdown of the differences:

  • Amazon Rewards Visa Signature: For people who don’t have Amazon Prime. Earns 3% back on Amazon, 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 on Amazon, 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: 14.99%–22.99% 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: 14.99%–22.99% 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, you may as well get one of these 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 another card, but it’s unlikely you’ll find other cards that can consistently earn you more.

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

  • Get one of these 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 purchases from Amazon
  • 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 purchases from Amazon
  • 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 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 Gift Card you get when you’re approved is a great bonus. It gets added to your account immediately and automatically when you’re approved, 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 on Amazon, 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 14.99%–22.99% Variable 14.99%–22.99% Variable 25.74% Variable None
Amazon Prime Rewards Visa Signature Card $0 14.99%–22.99% Variable 14.99%–22.99% Variable 25.74% 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.

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.

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!

Was this helpful?
  • Michael

    Don’t use this card. Chase are only interested in taking care of merchants, not customers.
    I charge 1/2 of a large transaction to my amazon/chase credit card and 1/2 to my USAA credit card. After the merchant didn’t deliver on the services I asked for, I disputed the charges with both credit card companies.
    Chase/Amazon didn’t refund my money, even after 3-4 attempts to provide them with my point of view and documents that proved the merchant was in the wrong.
    USAA refunded my money, no questions asked.
    Conclusion…don’ use Chase credit cards or banking. USAA is the best bank, credit card and insurance company I have ever worked with.
    Needless to say I cancelled my Amazon/Chase credit card after they refused to refund my money on a fraudulent charge.

  • Jami Jo Williams

    I have had an Amazon prime store card since November. They were offering $70 off of purchase if I apply for Amazon signature visa. I applied and was approved. I wasn’t ready to use the Amazon visa so the $70 gift card was sitting in my Amazon account to use. I ended up purchasing something totally different and put the charge on my Amazon store card and not the visa. The question is, will they cancel my store card or will I still have both cards.

  • Peter Skupiewski

    Amazon Rewards Visa Card – Lots of hidden fees they don’t tell you about. I was charged a $25.00 fee for having a positive balance on the card. There are much better reward credit cards you can choose from. One of the best being a Tangerine MasterCard.

  • Can the Amazon Prime Store Card by used on Amazon Pay transactions–and if so will I earn the 5% cash back?

  • fuzz

    How do I know if I’m getting my cash back. It’s listed on the invoice when I use it but the charges are still on the credit card. I’ve talked with both Chase and Amazon and have not received and understandable answer.

    • John Ganotis

      The cash back is awarded as credit on your Chase account that you can apply at checkout on Amazon. You don’t get a discount when making purchases.

      • fuzz

        I know that. It’s listed on Amazon’s invoice when I use it, but I don’t see the cash back on my Chase card.

        • John Ganotis

          I don’t think I quite understand the problem. If you’re seeing the available Amazon credit you have show up when you’re checking out on Amazon, what’s the issue? When you’re checking out on Amazon you can choose whether you want to use some or all of the cash back credit you have available.

          • fuzz

            The problem is with my Chase statement. All the things I bought are listed at their original price and added to the total charge for the month, but I can’t find where I’m getting any cash back.

          • John Ganotis

            There is no indication of a discount on your Chase statement. It’s reflected in the price on your Amazon receipt when you check out and apply any of the credit you’ve earned with the card. For example, if you buy something for $9 on Amazon and choose to apply $2 of Amazon credit that you’ve previously earned, you’ll pay $7 on the card and see a $7 transaction on your statement.

          • fuzz

            Example: I buy a $12 item. I my use my points on the order which amount to $12 and Amazon lists a 0 balance for the item. When I get my Chase statement the $12 is listed in my charges and I don’t see where I got any cash back.

          • John Ganotis

            If you apply $12 of credit at checkout that you previously earned with your card, then your Chase statement won’t even list the $12 transaction, since you covered the whole thing with credit and you don’t need to use the card to pay for any remaining amount.

          • fuzz

            THAT’S the thing. The charges ARE on the CHASE statement.

          • John Ganotis

            Then maybe you didn’t actually apply the credit at checkout? Are you seeing it’s being applied on your Amazon account, and that the rewards are from this Chase card and not some other type of credit card?

          • fuzz

            Yes, I already said Amazon applied the cash back at check-out. I think we are just going in circles. Thank you for trying to help. I appreciate it.

The Insider

Brendan Harkness
Review of the Discover it® Credit Card
Brendan Harkness | Dec 18, 2017

The Discover it credit card offers generous terms along with diverse rewards structures that anyone can enjoy.

Read More
John Ganotis
Review of the Amazon.com Store Card
John Ganotis | Dec 15, 2017

Read More
John Ganotis
Can You Buy Bitcoin with a Credit Card? Should You?
John Ganotis | Dec 14, 2017

Learn how buying Bitcoin on a credit card impact your credit scores, and what you should look out for. Read this to get those questions answered and more.

Read More