Verdict: The Amazon Rewards Visa card is good anywhere Visa is accepted and is a decent option for those who want a rewards card and shop often on Amazon.com
For those of you looking to save on Amazon purchases we now recommend the Blue Cash Everyday(SM) from American Express card over the Amazon.com rewards visa because of the superior rewards programs, consumer protection and flexibility.
With the Blue Cash card you get 3% cash back when you shop at supermarkets, 2% cash back at department stores (including Amazon.com) and on gas, and 1% cash back on all other purchases. In addition to the rewards program, Blue Cash also has better perks including purchase protection – American Express extends the original manufacturer’s warranty on most items that you buy with the card by up to one year.
- Credit RequiredExcellent Credit
- Rewards ProgramGet 3% cash back at U.S. stand-alone supermarkets, 2% cash back on gasoline at U.S. stand-alone gas stations and select major department stores; 1% cash back on other purchases.
- Signup Bonus$100 Reward Dollarsafter you make $1,000 in purchases in the first three months of card membership.
Another better alternative (in our opinion) to the Amazon Rewards Visa is the new Discover it card.
This is because Discover now allows you to redeem any cash back earned directly for your purchases on Amazon.
At checkout you can can now select to “pay with cashback bonus” and use the rewards you’ve accumulated with your Discover it card.
The Discover it rewards program is fairly straightforward and allows you to earn up to 5% cash back on purchases in popular spending categories like gas, groceries and at department stores (compared to a MAXIMUM of 3% back with the Amazon Rewards Visa). You also earn 1% unlimited cash back on all other purchases you make with this card which is similar to what Amex Blue Cash and the Amazon Rewards Visa offer.
However the major advantage of the Discover it Card is it’s lack of fees. There are no foreign transaction fees, making it a great choice if you travel, no over-the-limit fee, and there is no late fee the first time you miss your due date (Discover will not increase your APR either).
- Credit RequiredExcellent Credit
- Rewards Program5% cash back in categories that change throughout the year like gas, restaurant, movies, and more up to $1,500 in purchases with free and easy sign-up. And 1% cash back on all other purchases.*
- Signup Bonus0% Intro APR on purchases and balance transfers for 14 Months*Then the variable purchase APR applies, currently 10.99% - 22.99%*.
The Amazon.com Rewards Visa earns points on all purchases, with double points earned during the first 90 days. After that you can earn 3 points per $1 spent at Amazon.com, 2 points per $1 at gas stations, drug stores, and restaurants, and 1 point per $1 on every other purchase. The APR is very low on this card and there’s no annual fee.
The Amazon.com Rewards Visa is good everywhere Visa is accepted and earns points on every purchase, explained later. You can redeem these points starting when you have 2,500 for a $25 gift card. The rewards you earn can be as high as a roundtrip ticket to Asia or Europe. For the first 90 days you earn double points, up to 6 on Amazon purchases, 4 on gasoline, drug store, and restaurant purchases, and 2 on everything else.
For every $1 spent with your Amazon.com Rewards Visa card you earn 3 points for all purchases at Amazon.com, 2 points for purchases at gas stations, drug stores, and restaurants, and 1 point for everything else. Every 2,500 points is redeemed for a $25 Amazon.com gift card, 5,000 points can be redeemed for $50 cash or a BP, Shell, Avis, Hertz, Marriott, or Hyatt gift card. 6,000 points can be redeemed for 5,000 British Airways miles. 15,000 points can be redeemed for $150 off an airline ticket. 25,000 points earns a roundtrip ticket within the contiguous United States. 45,000 points earns a roundtrip ticket to Hawaii, Alaska, Canada, Mexico, or the Caribbean. When you reach 50,000 points you can redeem it for a roundtrip airline ticket to Europe. Finally, 75,000 points is enough for a roundtrip ticket to Asia, South America, or Central America.
For the first 90 days these points are all doubled as well, so you will earn 6 points on Amazon purchases, 4 points at gas stations, restaurants, and drug stores, and 2 points on everything else.
The APR for the Signature card is a variable 13.24%. For the Platinum card the variable rate will be either 16.24% or 19.24%, depending on credit history. The APR for balance transfers is the same as that for purchases. For cash advances, an APR of 19.24% applies. The overdraft advance APR is 13.99%. The default rate is a variable 27.24%. The grace period is at least 20 days. There is no annual fee. The transaction fee for balance transfers is 3% of the amount, not less than $5, and not less than $10 for cash advances. Late payment fees are $15 for balances under $100, $29 for balances between $100 and $249.99, and $39 for balances $250 and over. There is no over the credit limit fee for signature cardholders but a $39 fee for platinum cardholders.
- Low APR
- Up to 3 points per $1 on purchases
- Great rewards–gift cards and travel
- 90 day bonus period during which double points are earned
- No annual fee