If you’re a frequent Amazon shopper, you’ve probably seen the pop-up for the Amazon Visa card. It promises rewards on your purchases, but is it the right fit for your wallet? With so many credit cards available, it’s smart to look past the initial offer and see how it performs in your everyday life.
This card, issued by Chase, comes in two main versions: a Prime version and a non-Prime version. The benefits you get are heavily tied to your Amazon membership status, which is the first thing to consider.
Where the Amazon Visa Really Shines
The biggest perk is the cash back on Amazon.com and at Whole Foods Market. If you’re an Amazon Prime member, you’ll earn 5% back on these purchases. That’s a significant return for money you’re already spending. Without a Prime membership, the reward drops to 3%, which is still solid. The card also offers 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases.
Considering the Costs and Fine Print
One of the best features is that the card has no annual fee. This makes it a very low-risk option, especially for the Prime member version where the 5% back is pure gain. The rewards are flexible, too; you can use them as a statement credit to lower your bill or to pay for purchases directly on Amazon. It’s also worth noting the card offers common benefits like purchase protection and no foreign transaction fees, which is great for travelers.
Who Should Get This Card?
This card is a clear winner if you’re a dedicated Amazon Prime member. The 5% back effectively acts as a discount on a site where you likely shop often. It’s also a good fit if you frequently buy groceries at Whole Foods. However, if you don’t have a Prime membership or only shop on Amazon occasionally, the rewards become less compelling compared to other flat-rate cash back cards.
A Few Things to Keep in Mind
To make the most of this card, it’s best to pay off your balance in full each month. The interest rates on store cards can be high, and any rewards you earn can be quickly wiped out by interest charges. Also, remember that your rewards are most valuable when used for cash back rather than for special financing offers on Amazon.
So, is the Amazon Visa worth it? For Prime members who regularly shop on Amazon and at Whole Foods, the answer is a resounding yes. The consistent 5% return is hard to beat. For everyone else, it’s still a decent no-fee card, but it might not be the top performer in your wallet.
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