Amazon Prime Rewards Visa Signature Card Review

Who is the Amazon Prime Rewards Visa Signature Card for?

As online shopping becomes ubiquitous in the Internet Age, people are increasingly looking for opportunities to save money. The Amazon Prime Rewards Visa Signature card gives loyal Amazon customers these opportunities at no cost. With zero annual fees, this card provides competitive benefits that extend beyond the Amazon universe. 

This card comes with a $70 gift card as a welcome bonus, and the rewards rates are stellar when compared to other co-branded cards with no annual fees. In addition, you need to be an Amazon Prime member to reap the complete benefits of this card. You can redeem the points you earn through purchases made on this card to offset the costs of any online purchases made on Amazon.com. Therefore, this card is ideal for Prime members that seek discounts on their purchases and use Amazon frequently enough to optimize point accumulation. 

This card also offers impressive travel-friendly benefits. With no foreign transaction fee, a plethora of insurance coverages and hotel benefits, it's a great deal for international travelers that do not want to invest in more expensive travel cards. 

A unique benefit of this card is that it also offers customers the option of point redemption through Chase’s portal. This means that cardholders can access more ways to use their earnings than a traditional co-branded card. 

Overall, this card is a great option for those looking for a multi-purpose card to use on their online shopping adventures. Using your daily-life purchases, you can collect points to save money on any expenditures on Amazon.com. If you are a loyal Amazon Prime user looking to save up, this card is perfect for you.

Welcome Offer

The welcome bonus of this card is practical for the target audience. Once you get approved for this card, you automatically get a $70 Amazon gift card. Considering the fact that you would get this card mainly to subsidize your online shopping, this is a great deal. 

Rewards

The points system that comes with this card is simple. You earn 5% back on Amazon.com and Whole Foods Market purchases with an eligible Prime membership (otherwise you earn 3% back). You earn 2% back on purchases at restaurants, gas stations, and drugstores. Finally, you earn 1% back on all other purchases. In addition, Prime members get an extra 5-20% back in rewards on top of the 5% on thousands of items purchased at Amazon.com. The ‘% back’ rewards are tracked as points and each $1 in ‘% back’ rewards earned is equal to 100 points. You can also use these points to redeem cash back, gift cards and travel rewards from Chase’s official portal. 

With this card, you get access to the Visa Signature Luxury Hotel Collection. You can choose from over 900 luxury hotels around the world and receive the best available rate, automatic room upgrades and complimentary in-room Wi-Fi.

Also, you get complimentary Visa Signature Concierge Service 24 hours a day. With this perk you can find tickets to the top sports and entertainment events, make dinner reservations and even get help sending the perfect gift. 

Annual Fee

There is no annual fee for this credit card, which means that you get all these benefits for no cost. As long as you make timely payments, this card can serve as a way to increase your credit score while earning free rewards. 

Services and Protections

The Prime Rewards card gives you zero fraud liability, which means you will never be held accountable for unauthorized purchases made through your card.

With this card, you also get rental car damage insurance, roadside dispatch, extended warranty protection and purchase protection. These versatile protective services are very helpful in case of emergencies and are definitely something that sets this card apart. 

This card is very travel friendly. You will pay no foreign transaction fees when you use your card for purchases made outside of the United States. When you pay for your air, bus, train or cruise transportation with your Amazon Rewards Visa Signature Card, you are eligible to receive accident insurance coverage of up to $500,000. If you or an immediate family member’s checked-in or carry-on luggage is damaged or lost by the carrier, you’re covered up to $3,000 per passenger. The credit card issuer also reimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carriers up to $100 a day for 3 days. Finally, you can get access to travel and emergency assistance as a cardholder.

Since this card partners with Chase, it offers the My Chase Loan and My Chase Plan programs. These two programs can help you pay off large credit balances arising from larger purchases. My Chase Loan helps you finance large purchases by simply granting you a loan which you can pay back with interest. My Chase Plan offers to break down larger purchases into smaller payments via a payment plan, while paying a fee for this service. 

Cautions

One must consider the standard risks that come with credit cards and credit management when getting this card. With late and returned payment fees that are attached, it is important that you maintain credit responsibility and make payments in a timely manner. 

This card also offers significantly higher benefits to Amazon Prime customers, which means that to access the full potential of this card, you need to be a Prime user. This implies that this card is not truly ‘zero-cost’. Furthermore, this card has no intro APR, which means that this card is not optimal for large purchases like cars or furniture. Therefore, this card should be used for smaller, more frequent purchases that the customer is able to pay back. 

Conclusion

This credit card is a solid option for those looking for a simple way to reduce their online shopping receipts. By offering competitive rewards and being travel-friendly, this card is a great way to synchronize all your expenditures, online and offline, into a single rewards program to reap the benefits of deals on Amazon.com.

You can apply for the Amazon Prime Rewards Visa Signature Card online here.