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.
A better alternative (in our opinion) to the Amazon Rewards Visa is the new Discover it card.
Amazon Rewards Visa Overview
Like many cash back credit cards, 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.
This card 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.
Shopping and Travel Benefits:
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.
The chief benefit is that every point can be redeemed for $0.01 (i.e., every 100 points is worth $1) directly at the checkout window on Amazon.
Additionally, you can log on to your Chase account and make the following redemptions:
- 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
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