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Amazon Reward Card

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Last Updated: 02 July 2021

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General | Latest Info

The easiest way to submit Amazon Credit Card payment is online. Log into your account, select your Amazon. Com Credit Card, click Pay Credit Card and follow instructions to enter your payment account number and routing number. You can also pay your Amazon Credit Card bill over phone. Call 800-436-7958 and follow prompts from the Chases automate system. Online payments made before 8 PM ET Sunday-Friday will be posted to your account the same day; Saturday payments are posted on Sunday evening. Online payments Make 8 PM-12 AM ET Saturday-Thursday will be posted to your account the next day; Friday payments posted on Sunday evening. No matter when you pay on give day, however, your payment will be credit on the same day. Finally, you can submit Amazon Credit Card payment by mail. Send your check or money order with your name and account number to: Cardmember Services / PO Box 6294 / Carol Stream, IL 60197-6294. Payments sent by mail can take five to seven days to process. The best Amazon Credit Card benefits are $50 Amazon. Com gift Card after account approval and 3% back at Amazon. Com and Whole Foods. Amazon Visa cardholders also earn 2% back at gas stations, restaurants and drugstores. These benefits apply to the Amazon Credit Card, which is issued by Chase Bank and can be used anywhere Visa is accept. Synchrony Bank issues Amazon Store Card, which can only be used at Amazon. Com but gives Prime members 5% back on purchases, too. Prime members who are approved for either Amazon Credit Card or Amazon Store Card will automatically receive the Prime brand version. No Annual or foreign transaction fee: Amazon Credit Card has no foreign transaction fee, which means you can shop from internationally based merchants without pesky surcharges on each purchase. Since Amazon Store Card can only be used on Amazon. Com, there are no foreign transaction fees to worry about. Neither Amazon Credit Card nor Amazon Store Card charge Annual Fees. But youll need to Pay Annual Prime Membership fee For Best Rewards. Visa Signature perks: Amazon Credit Card is a Visa Signature Card, which means you will receive Travel Accident Insurance, Auto Rental Collision Damage Waiver, extended Warranty Protection, and Purchase Protection. Other features include lose Luggage Reimbursement, Baggage Delay Insurance, and access to Visas Luxury Hotel Collection. Amazon Store Card is not eligible for these benefits. Redemption options: Amazon Credit Card is a Points Card, where 100 points equals $1 in Rewards. Points can be used to make part or all of the purchase on your Amazon Credit Card. They can be Redeem For Cash Back starting at 2 000 Points in form of $20 statement Credit. You can also Redeem Points for gift cards as well as travel books through Chase. 5% Back on Amazon Store Card can be Redeem as monthly statement credit or be used for purchases on Amazon.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Introduction

Amazon Rewards Visa Signature Card is a credit Card offered by Amazon and Chase. If you use Amazon regularly, this card could potentially provide you with a lot of cash back. Youll earn 3% cash back at Amazon and Whole Foods Market, with 2% cash back at gas stations, restaurants, and drugstores. And youll get a $50 Amazon Gift Card instantly upon account approval. This card has no annual fee and no foreign transaction fees. If you have Amazon Prime, instead of this Card youll be given an Amazon Prime Rewards Visa Signature Card. It offers 5% cash back instead of 3% at Amazon and Whole Foods, but in most other ways it is the same.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Current sign-up bonus

You may have noticed that Amazon Rewards Visa Signature & Amazon Prime Rewards Visa Signature Cards dont use verbiage cash-back when listing their benefits. This is because, technically, cardholders are not earning cash-back. Instead, this program uses the term percent-back. By making an eligible purchase, cardholder is earning percent-back rewards, which are then converted to points before being issued to customer. Thinking of your return in terms of earning percent-back rewards convert to points can get confusing. To simplify things, say each $1 of eligible purchases made with Amazon Visa Signature Card equals a specific number of points. This number of points is essentially based on where youre spending your money. For example, if you spend $200 at Whole Foods, you earn 1 000 points if you use your Amazon Prime Rewards Visa, or 600 points if it was on standard Amazon Rewards Visa. Your $50 fill-Up tank would earn you 150 points regardless of which card you use, and that $20 you spend on movies to catch the latest blockbuster would earn you 20 points. If you want to get nitty-gritty, benefit earnings breakdown is as follow: 5% back = $0. 05 in percent-back Rewards, which equal 5 points per {matheq}1 spent 3% back ={endmatheq} 0. 03 in percent-back Rewards, which equal 3 points per {matheq}1 spent 2% back ={endmatheq} 0. 02 in percent-back Rewards, which equal 2 points per {matheq}1 spent 1% back ={endmatheq} 0. 01 in percent-back Rewards, which equals 1 point per $1 spend hot Tip: Its important to note that percent-back does not apply to purchases from merchants using Amazon Pay, purchases made on international Amazon retail sites, or international Whole Foods Purchases. Additionally, terms and conditions state percent-back is not earned via any other website operated by Amazon, ie Zappos, Audible, etc. Also excluded are purchases of Whole Foods classes, tickets, or services through third-party sites like Eventbrite, Instacart, Google Express, Shipt, etc. Be careful if youre someone who switch or Use multiple Amazon accounts regularly. In terms & conditions associated with these cards and their respective benefits, Amazon states the following: Amazon Visa Signature Cards intermittently offer cardholders ways to earn bonus points through Program or special promotions. For example, last summer some cardholders Receive targeted offer of 10% bonus on earned points. Once points have been accrue, cardholders can utilize them in a number of ways: Redeem for eligible purchases at Amazon. Com Redeem for cash Redeem for Travel Rewards Redeem for Gift Cards Redeem for products / services Lot of cardholders redeem their points in this way, and it is widely advertise as one of Cards ' biggest perks. While it is certainly convenient, it is not technically the best way to maximize your points. However, let's look at how to Redeem Amazon Purchases if you choose to do so. When redeeming at Amazon. Com, every 100 points in your account = $1. At checkout, Amazon gives you an easy option to utilize your Rewards points.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Benefits

These two purchase protection benefits provide some peace of mind when you come across a good deal, but you're worried about iffy merchants or shipping damage. Extend warranty protection increases eligible warranties by a whole year. Meanwhile, your purchase protection covers new purchases against damage or theft up to $500 per claim. As an online shopping card with Visa Signature benefits, it is surprising that Amazon Prime Rewards card doesnt come with price and return protection too. It is a bit disappointing that you ca get your money back if sketchy seller doesnt offer returns, but return protection is a rarer perk nowadays.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Rates and fees

Rates and fees for Amazon Prime Rewards Card are standard, but no annual fee comes with an important footnote. You must have Amazon Prime Membership to get a card, which is currently $12. 99 per month or $119 each year. Amazon comes with a range of valuable benefits, but the cost of Amazon Prime just for this Card might not be worth it for some shoppers. If Prime subscription doesnt make sense for you, Amazon Rewards Visa Signature Card is an alternative with a slightly lower rewards rate. Fortunately, ongoing APR is well below 23. 39 percent average for co-brand retail cards, according to 2019 creditcards. Com survey. Another plus is that there are no foreign transaction fees, perk for frequent travelers.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

The Bottom Line

You can use your Membership Rewards Points from eligible American Express Card to pay for all or portion of your Amazon purchase. But doing so wouldnt be the most effective way to use your points given that Membership Reward point is worth only 0. 7 cents when redeemed for Amazon purchases. You are likely to get most bang for your Membership Rewards buck by using your Membership Rewards Points for airfare redemptions or to transfer to Travel partners. Other redemptions are worth less than penny point, including redeeming Points for statement Credit against purchase, which is typically worth 0. 5 To 0. 6 cent, depending on card. Bottom Line: Dont Use American Express Membership Reward Points To Shop With Amazon.


How to earn points

Rewards earned by using one of Amazon credit cards, which include Amazon Prime Rewards Visa Signature Card *, Amazon Rewards Visa Signature Card * and Amazon Business Prime American Express Card *, are worth a penny per point regardless of how you redeem them. If you prefer to just keep your earnings in the Amazon ecosystem, you can use them towards value of purchase or you can redeem your Points as statement credit towards past purchases. Other options are available too, also AT same penny-per-point value. You can redeem via issuing bank for cash back, travel or gift cards. Minimum redemption amounts will apply. Although Amazon Prime Store Card *, Amazon Store Card * and Amazon Business Prime American Express Card all earn Rewards for spending AT Amazon, those rewards can only be used within the Amazon ecosystem to buy more merchandise or take as statement credit. It is the best choice because it only choice. Bottom Line: Use your Amazon Card Rewards to Shop With Points or pay yourself back as statement credit for Amazon purchases.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Pros Explained

If you're not someone who shops at Amazon enough to justify subscription to Prime, you'd probably benefit more from another Credit Card. Chase Freedom, For example, is CNBC Make It's No. 1 Cash Back Card overall, since it offers 5 percent back on categories that rotate every quarter. Capital One Venture, meanwhile, our No. 1 Travel Card, offers 10 points on purchase at hotels. Com / Venture, plus a flat rate of 2 points back on all other purchases. That say, some of the Prime Rewards Card's benefits are unique: No other Card offers such a high return for spending at both Amazon and Whole Foods. Discover It Cashback Match offers 5 percent back on purchases at Amazon, but only during one quarter of 2018. As for Whole Foods benefit, Blue Cash prefers a competitive offer of 6 percent Cash Back on groceries year-round but it also requires a $95 Annual Fee. All things consider, if you're someone who shops a lot on Amazon and / or if Whole Foods is your go-To grocer, it's worth considering one of the Amazon Rewards cards, especially if you're Prime member. Rewards: 5 percent Back on Amazon and At Whole Foods, 2 percent Back At Restaurants, Gas Stations and qualifying Drug Stores, 1 percent on all other Purchases Annual Fee: $119 Amazon Prime Membership Bonus: $70 Amazon gift Card Variable APR: 15. 74 To 23. 74 percent based on your Credit score How you Redeem points: Redeem For Amazon Credit during check-out or Redeem For Cash Back or gift cards through Chase Notable perks: Visa Signature Luxury Hotel Collection; Travel coverage; No Foreign Transaction Fee don't miss: Here's how to tell which Chase Sapphire Credit Card may be right For you Like this story? Subscribe To CNBC Make It on YouTube!

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Cons Explained

Free Prime Membership not include: Some people might assume that Prime status would be automatically thrown in as part of being Amazon. Com cardholder same way that elite status is often the perk of opening a hotel Rewards Credit Card. Although that is not the case, it isnt too big of a deal considering that shipping for orders of $35 or more is still free for all Amazon customers, and Amazon Card would probably charge an annual fee if Prime Membership was include, but it is nevertheless good to know before applying. Might Lead To Unnecessary Spending: Like falling into the black hole of Googling, it is easy to get lost in Amazon's maze of inventory, only to emerge with a big ole bill. And since Amazon Rewards could serve as another reason to throw caution to wind and embrace the short-term pleasure of purchasing, cardholders should stay on lookout for overspending. Amazon. Com, unlike airline or hotel chain, is open 24 / 7365 and always at your fingertips.


Amazon Rewards Visa Signature One-Time Offer

Let's now consider families that spend more than average at Amazon and Whole Foods and also use cards more widely. Take, for example, non-Prime households that spend double the average at Amazon— $100 month, for $1 200 annual total—and spend twice what our regular family does at Whole Foods—for total in groceries of $4 600 a year. That spending would yield $170 year in rewards. Then add use of card for the average amount of restaurant spending, which was $3 459 for all food away from home in 2018. At a reward rate of 2%, those dining expenditures would earn about $69. Adding an average spending of $2 109 on gas to mix, at the same 2% rate, adds an extra $42 or so to total rewards. Grand total in rewards would be $170 plus {matheq}42:{endmatheq} 212. And if our family were a Prime household? They'd earn an extra 2% in rewards on Amazon / Whole Foods total spending of $5 800, which would contribute an additional $116 in rewards. Grand total: $328. That's large sum indeed, especially for a card with no annual fee.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Rewards Redemption Details

5% Cash Back at Amazon. Com and Whole Foods Market 2% Back at restaurants, gas stations and drugstores 1% Back on all other purchases There are a number of no-annual-fee Cards that offer more valuable Rewards on non-bonus spending, including: Citi Double Cash Card: 2% Cash Back on all purchases Chase Freedom Unlimited: 1. 5% Cash Back on purchases Blue Business Plus Credit Card from American Express: 2x Amex Points on first $50 000 spent on Card annually; then 1x information for Chase Freedom Unlimited has been collected independently by Points Guy. Card details on this page have not been reviewed or provided by Card issuer. But no card can top the Prime Rewards bonus on spending at Amazon. Com. You'll pay no annual fee to own a card, but you must maintain Prime membership to be eligible. Membership costs $119 annually. On plus side, new cardmembers receive $70 Amazon. Com gift Card instantly upon approval. Related reading: Is Amazon Prime Rewards Card worth it? Editorial Disclaimer: Opinions Express here are authors alone, not those of any bank, Credit Card issuer, airlines or hotel chain, and have not been review, approved or otherwise endorse by any of these entities.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Cardholder Experience

Com show this Card receiving 4. 1 out of 5 stars. Sixty-seven percent of reviews give it 5 stars, while 14% give it 1 star. Chase, which issues Amazon Prime Rewards Visa Signature Credit Card, received a score of 807 out of 1 000 in the JD Powers 2019 US Credit Card Satisfaction Study, point above the national issuer average of 806. In general, this card offers fairly standard cardholder experience. Many of its perks also come with other Visa Signature cards. Experience is likely to be best for cardholders who redeem their rewards through Amazon's Pay with Points. Cardholders can manage their account online through Chase, and contact Chase by email or by calling the number on the back of their card.


Why Amazon Prime Rewards?

Even after examining the program in full, Amazons Credit Card Rewards still look too good to be true, so what could be prompting this exceptional offering? Simple: revenue. In June 2016, Amazon reported over 63 million Prime users. This staggering number is equivalent to over half of all households in the United States, but of all of these, only 15% use Amazon Credit Card. When you consider that Amazon Credit Card holders spend 4. 6 times more per transaction, upping the number of Credit Card holders by even 5% would significantly increase their revenue. With this in mind, it is not hard to understand why Amazon decided to up their Credit Card game! The question then evolves to whether these Card improvements come at the cost of their customer experience. Sometimes brands cut corners in short sight effort to get ahead, leaving their brand experience prone to disappointing customers. But if were going by what we know, Amazon Prime Credit Card doesnt provide bad customer experience. Quite the opposite, in fact! With easy-to-earn rewards and a clear earning model, customers are being given the opportunity to take their online shopping game to the next level as part of a shopping experience that does what Amazon does best: exceed expectations.


Pros Explained

No Annual Fee: fact that this card has no Annual Fee is point in its favor. However, you're require to have Amazon Prime membership, which has its own Annual Fee. If you're already an Amazon Prime member, getting this card won't cost you anything extra. 5% Cash Back on Amazon. Com Purchases: One of biggest perks of this card is the consistently high rewards rate on purchases made at Amazon. Com and Whole Foods Market. When you use your Amazon Prime Rewards Visa Signature credit card with these retailers, you get 5% back every time. There are no rotating bonus categories to complicate your life. Plus, youll get 2% back on purchases at gas stations, drugstores, and restaurants. Easy Redemption While Shopping: When you use this card, you can easily redeem your rewards while shopping on Amazon. Com. In fact, your rewards balance will be visible to you, and you can choose to use your Cash Back to pay for all or part of your purchase when you check out. No Foreign Transaction Fee: With this card, you don't have to worry about foreign transaction fees when you travel abroad. And, because it is a Visa card, it is widely accepted around the world.


Cons Explained

Require pay Amazon Prime Membership: While you don't have to pay an annual fee for Amazon Prime Rewards Visa Signature credit Card, you do have to maintain Prime Membership. Currently, Prime Membership is $119 per year. At that rate, if you spend at least $2 380 on Amazon. Com and Whole Foods Market each year, you'll have earn back the cost of your Prime Membership. No 0% APR Introductory Offer: This Card does not have a 0% APR Introductory Offer. So if you're shopping around for a balance transfer card, you might want to look elsewhere. For example, American Express Blue Cash Everyday Card has no annual fee and offers 0% APR on purchases for 15 months. Low One-Time Offer: While you do receive a $70 Amazon Gift Card when you're approved for this card, that's fairly low one-time offer, even for a Cash back Card with no annual fee. For example, SavorOne Rewards Card from Capital One has a $150 bonus after spending $500 in the first 3 months of account opening, with no annual fee. Amazon Prime Rewards Visa Signature credit Card, with its 5% Cash back on purchases at Amazon. Com and Whole Foods Market, are best for people who do a lot of their shopping at those retailers. Extra Cash back on restaurant, gas station, and drugstore purchases also make this Card attractive if those account for a large part of your spending.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Sources

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

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