Charles H. Miller
Amazon.com has its own credit card that rewards loyal clientele with 3% back on every dollar spent. Also, the card offers 2% back on gas station, restaurant, and drug store purchases, as well as 1% on everything else. The Amazon.com Rewards Visa Credit Card has no annual fee, but it has a sign-up bonus of $50 which you could use on your next shopping session at Amazon. The APR is variable, ranging from 14.49% to 22.49%… Here are the details.
Highlights
- $50 sign-up bonus
- Earn 3% back on Amazon.com purchases; 2% back on purchases made at gas stations, drugstores and restaurants; and 1% back on everything else.
- 14.49%-22.49% variable APR
- No annual fee
How It Works?
Cash back: The Amazon.com Rewards Visa Credit Card lets users earn 3% back on Amazon.com purchases; 2% back on purchases made at gas stations, drugstores and restaurants; and 1% back on everything else. Rewards can be redeemed for eligible purchases on Amazon.com, travel, cash, and gift cards. If you are redeeming for Amazon.com purchases, there are no minimums of any sort. Also, your rewards do not expire as long as your credit card account remains open.
Sign-up bonus: $50 to be used on Amazon.com purchases.
APR: It is variable, ranging from 14.49% to 22.49%, based on your creditworthiness.
Annual fee: $0. Obviously, Amazon (and Chase) wants as many customers as possible.
Costs
- 14.49%-22.49% Variable APR
- 3% Balance Transfer Fee
- 3% Foreign Transaction Fee
- $0 Annual Fee
Pros
- Great for Amazon.com users who would be spending money there anyway.
- Sign-up bonus – $50 is not bad for a card that has no annual fee.
- Rewards that go beyond Amazon.com – you will also earn 2% on purchases at gas stations, restaurants, and drug stores, as well as 1% on everything else.
- Easy redemption during Amazon.com checkout, with no minimum required.
Cons
- You could potentially get a higher percentage back at gas stations with some other cards.
- The fact that it has a foreign transaction fee (3% makes) you want to use a different card while travelling to other countries.
Is This The Card For You?
If you are frequently buying stuff at Amazon.com, the answer is clearly YES! With Amazon.com Rewards Visa Credit Card you not only get 3% back on every dollar spent at Amazon.com, but also 2% back on gas station, restaurant, and drug store purchases, as well as 1% on everything else. There is no annual fee, but you do get to earn a sign-up bonus of $50 and use it on your next shopping session at Amazon. Pretty sweet, I would say.
