Amazon prime store card apr

amazon prime store card apr

by Gary Leff on January 11, 2017

Chase has introduced a new Amazon Prime Rewards Visa Signature Card and made some changes to their existing Amazon Rewards Card.

Amazon prime store card apr

The Amazon Rewards Card is one of the biggest portfolios that Chase has — because it’s marketed to everyone checking out at Amazon. And it will no longer add foreign transaction fees.

Both cards have no annual fee. The Amazon Prime Rewards card is available only to Amazon Prime members, and existing Prime customers who have the Amazon Rewards Card will be product-changed to the better new card.

Amazon prime store card apr

In order to keep earning 5% back a Amazon you have to keep your Prime membership. You’ll drop to 3% earning if you remove the Amazon co-brand card from your Amazon account, close your Amazon account, or link a different card account to your Prime membership.

This new product has a $70 Amazon gift card signup bonus. 5% back at Amazon for a no annual fee card (though it does require being a Prime member which isn’t free) is pretty good especially since you can buy most everything at Amazon. However I still have a card that earns 5 points per dollar at office supply stores where I can buy Amazon gift cards, and I’d rather earn points transferrable to miles than points worth a penny apiece.

(HT: Sarah Silbert who says the new product is metal.)

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

Once Ink goes down to 3x for office supply stores, this will be a useful card.

“Buying products and services with your card, in most cases, will count as a purchase; however, the following types of transactions won’t count and won’t earn points: balance transfers, cash advances, travelers checks, foreign currency, money orders, wire transfers or similar cash-like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, interest, unauthorized or fraudulent charges, and fees of any kind, including an annual fee, if applicable.”

Wonder if that includes gift cards?

Others can just buy Amazon gift cards whenever Discover / Chase Freedom / etc run quarterly promo for Amazon.

anyone know if this card counts toward the Chase 5/2yrs?

Well over 5/24 and was instantly approved.

Do you think the chase points (by buying Amazon gift cards at OfficeMax) are worth more than 5% cash back?

Amazon has a private store card (Amazon only) that is 5 percent as well. Doesn’t count against Chase card limits.

does this product allow you to take the 5% in points to other Chase accounts, or is it strictly 5% cash rebate, on Amazon account? or to the credit card?

The Amazon card was my first cashback card, held since 2009. At the time it was the best cashback card EVER (for people who shopped on Amazon, anyway). No minimum redemption, easy to use for full or partial payment at Amazon checkout (no screwing around with statement credits). And the 2x categories were great. It’s still the only card with a year-round drugstore category. With better options for everyday spend I don’t use it much nowadays, but I still treasure it. I’m thrilled that it’s being enhanced. I still have a healthy Amazon Gift Card balance, but when that runs out I’ll probably start using the new Amazon card (assuming they really send me one).

chase.com showed me only a $50 credit upon approval. Still, 5% is a great option.

But I followed your links and got the $70. Nice…

Great card, but I wonder if it will put Discover It card out of business between July-December. Those months Discover It has Amazon in its 5% cash back categories. After reading the fine print, it mentions you can not use another 5% cash back card for Amazon. If you do, the Chase Amazon Prime card gets reduced to 3% for Amazon purchases.

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Amazon prime store card aprGary Leff is one of the foremost experts in the field of miles, points, and frequent business travel -- a topic he has covered since 2002.

Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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amazon prime store card apr

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Amazon prime store card aprAmazon prime store card apr

Amazon prime store card apr

Joined: Feb 2014

-5% Back Every Day on Amazon.com purchases

-No annual fee for Prime Member

Quote: 7. No Annual Fee: As of 3/1/15 variable purchase APR is 25.99%. Minimum interest charge is $1.50.

We charge interest on your purchases from the date you make the purchase until you pay the purchase in full. See exceptions below.

We will not charge you interest during a billing cycle on any purchases if:

You had no balance at the start of the billing cycle; OR

You had a balance at the start of the billing cycle and you paid that balance in full by the due date in that billing cycle.

We will credit, as of the start of the billing cycle, any payment you make by the due date that we allocate to purchases if:

You had no balance at the start of the previous billing cycle; OR

You had a balance at the start of the previous billing cycle and you paid that balance in full by the due date in the previous billing cycle.


Amazon Is Offering New Credit Cards And The Rewards Do Not Disappoint

To reap the full scope of the Amazon Prime Rewards Visa Signature credit card benefits, you must be a Amazon Prime member. (Membership costs $99 a year, so that $70 Amazon gift card just about cancels out that cost.)

Non-Prime members can still get the card, but they’ll only get 3% off Amazon purchases instead of the 5% for Prime members.

A photo posted by Amazon (@amazon) on Jan 11, 2017 at 5:13pm PST

So here is the big question. Is the Amazon Prime Rewards Visa Signature credit card worth it?

Experts say yes, if you are Prime shopper who uses Amazon for many purchases. While there are other credit card options which offer higher cash back (such as Chase Freedom® and Blue Cash Preferred® Card from American Express), the Amazon Prime Rewards Visa Signature credit card is still a desirable card, especially if you are a frequent Amazon shopper.

Forbes reports that “the credit card’s APR ranges from 14.74% to 22.74%, which is lower than the 26% APR on the Amazon.com Store Card.”

A photo posted by Amazon (@amazon) on Dec 28, 2016 at 10:31am PST

So, to sum up, 5% cashback on Amazon purchases, purchase protection, no annual fee and cash back on other purchases? Deals like this make Amazon Prime hard to beat, and with their new card, you can justify all those splurges.

A photo posted by Amazon (@amazon) on Dec 30, 2016 at 4:00pm PST

And, this is kind of cool: The card is metal, not plastic. Fancy!

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