New $200 limited-time offer with instant bonus (no spending requirement). If you have an Amazon Prime membership, you probably spend a good chunk at Amazon and should at least consider the Amazon Prime Visa, a credit card (not store card) available only to Amazon Prime members. Right now, there is also a boosted limited-time offer. Highlights:
- $200 Amazon Gift Card instantly upon approval exclusively for Prime members. No spending requirement.
- 5% back at Amazon.com, Amazon Fresh, Whole Foods Market with an eligible Prime membership.
- 5% back on Chase Travel(SM) purchases with an eligible Prime membership.
- 10% back or more on a rotating selection of items and categories
on Amazon.com with an eligible Prime membership. - 2% Back at gas stations, restaurants, and on local transit and commuting
(including rideshare). - 1% Back on all other purchases.
- No foreign transaction fees.
- No annual fee.
Rewards can be redeemed easily either on your next Amazon.com purchase or as a statement credit on your bill. But since you get 5% back on your Amazon purchases on this card… it’s better to take the statement credit.
I have this card set up as my default credit card at Amazon, and that’s all it ever does. (Which is still a lot, unfortunately…)
If you do this, remember these extra perks built into the card:
- Extended warranty protection. Extends the time period for the U.S. manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
- Purchase Protection. Covers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.
Bottom line. If you are a Prime member that spends a lot of money at Amazon and/or Whole Foods and prefer simplicity, the Amazon Prime Visa can add up to serious rewards with minimal extra effort. Be sure to make it your default card for your Amazon account. You can then track all your Amazon spending on one card, and also be sure you remember that you get extended warranty protection and purchase protection on those items.
My hurdle for signing up for new cards is much lower than your $500. In my experience, the damage done to my credit rating for getting a new card is small and very temporary. But I guess there is a “simplicity” factor also to consider, and the less stuff you have (included credit cards), generally the better.
Given that this card is issued by Chase, I’d say thatwasting a slot of the 5/24 rule is worth a lot more than even $500. As Jonathan stated there are a ton of ways to get 5%+ with all the places that sell Amazon GC.
Look into the more lucrative cards from Chase first, say the CSR, CSP or even the 2 Chase Freedoms. They’d be better for almost anyone long term.
According to various online reports, the Chase Rewards Visa is not subject to 5/24. (Not all Chase card are subject to 5/24, that part is definitely true.) There is also no such language on the application page that I could find.
Correct, it’s not subject to 5/24 , but it doesn’t seem worth the hard pull and filling a slot in the (5 cards in 2 years) rule. Much better cards out there for consideration, in my opinion.
Please see my other comment. According to various online reports, the Chase Rewards Visa is not subject to 5/24. (Not all Chase card are subject to 5/24, that part is definitely true.) There is also no such language on the application page that I could find.
There will be another card on your file though, which is why many couples have one person do only Chase applications and the other person does all the other issuers.
Right, I think that’s what Jim and others are getting at — Applying for this puts a card application on your file (as would a card from pretty much any issuer). And as I understand 5/24, pretty much all cards apply towards the 5, so this, like any card, will turn back the clock for getting most Chase cards with high-value signup bonuses. Thus, they’re hurting themselves in that people are reluctant to get cards from Chase (as well as the other providers) that they’d normally want to acquire and use consistently.
If the two options are (1) apply for only 5 cards every 24 months so I can get into Chase 5/24 offers or (2) apply for whatever cards I want and give up Chase 5/24 offers, I would probably pick #2. You’d get Barclay/Citi/AmEx/Chase non-5/24. If Chase is going to be restrictive like that, then I’ll just say goodbye to Chase. In real life, if you have a spouse/partner that doesn’t like applying for credit cards, I would have one person do #1 and the other person do #2 and ONLY apply for Chase 5/24 cards. So Mrs. MMB has all the new Chase cards.
Yeah, that’s pretty much where I’ve landed as well. I’m not interested in carefully catering my application activity to please Chase, so the only change 5/24 resulted in for me is that I stopped applying for Chase cards it applies to (and I understand that same philosophy is what informed your comments, I just know there are those who consider Chase bonuses traditionally good enough to heavily prioritize them).
That’s not a bad idea, to keep my wife’s credit history in a Chase-friendly state. Though pragmatically, if the best financial outcome for my identity resources is not to cater to 5/24, then the same should be true for hers. I suppose it could be thought of as hedging bets though — keeping at least one relatively clean slate in case Chase comes out with something amazing.
I’ve had this for at least 10 years (maybe more? don’t feel like checking) – and am an Amazon Prime junkie – so was happy to see that they pushed it to 5% up from 3%, for Prime members. I’m guessing the fact that Discover had Amazon as a 5% category two quarters running last year may have influenced them. I know I switched all my amazon spending to the Discover, whereas normally I would have used this card.
I have opened up around 15 credit cards in the past 2 years and I just got approved for the Amazon Prime Visa signature. I know opening that many cards is a bit excessive but I finally got my credit in order and went a bit App happy. I’m a hardcore Amazon shopper so to me the HP was definitely worth it…and the instant $70 GC was icing on the cake.
We live in Norfolk, next to Virginia Beach and the urban center of the region. Whole Foods has had a partnership with Instacart for delivery prior to this Prime Now deal. It offered those living close to the Virginia Beach store 2-hour delivery for a fee. The coverage area was only maybe half of the city of Virginia Beach, though. Now, with the Prime Now deal, not only is the delivery free for Prime members (*on orders over $35), but the coverage area extends into neighboring cities. My wife got very excited by this news!
Jonathan, Does the 5% Back at Amaxon.com with the Amazon Prime Rewards Visa Signature work for Prime Now? I have the Amazon Prime Store Card, which gives me 5% on Amazon.com only, not Amazon’s Prime Now or Whole Foods. I don’t shop at Whole Foods very often, but do use Prime Now. (They are going to be adding Whole Foods to Prime Now as well.) I would switch from the Amazon Prime Store Card to the Amazon Prime Rewards Visa Signature if it includes Prime Now.
I see the exclusion for Prime Now on the Store card. I searched but here are the only exclusions for the Amazon Prime Rewards Visa Signature:
Thanks for the quick reply! That’s great.
Great news! It seems like they both do. Per a chat with Amazon:
. . .
Me: Thanks! Just to confirm, the prime store card (not the Amazon Prime Signature Credit Card from Chase) gives 5% back on Prime Now purchases in addition to 5% from Amazon.com purchases?
RAFA: Yes for the amazon store card
Me: Awesome, that’s really great!
RAFA: 5% back for eligible Amazon Prime members
Me: It used to be excluded (when I asked last time), so that’s a great change!
Does the Amazon Prime Signature Credit Card from Chase also give 5% back for Prime members using Prime Now?
RAFA: II will send you the information about it
Yes
It’s correct
. . .
I acknowledge the chat regarding the Store card, but it conflicts with the info found here:
https://www.amazon.com/gp/help/customer/display.html?nodeId=201190500