Is amazon prime rewards visa signature card worth it in 2021 ?

By | August 31, 2021

Amazon.com is a virtual global store that offers you pretty much everything and at a competitive price. Not only does it provide a wide variety of goods, but the company also provides a co-branded visa card, especially for its Prime members.

Not only does it offer you plenty of goods at competitive pricing, but the company also provides a co-branded visa card for its users. You can place your order today, and you will get it tomorrow

The amazon prime rewards visa signature card is one of the two credit cards offered by Chase in collaboration with Amazon.com. It gives you a variety of Unlimited Cashback rewards on various types of purchases.

You can earn a cashback reward of 3% on Amazon.com and Whole Foods Market by using this card. Moreover, you can earn cashback rewards of 2% on purchases made at Restaurants, Gas Stations, and Drugstores while offering 1% Cashback on all other purchases.

What’s Ahead

  1. Highlights
  2. Rates and Fees
  3. Benefits of Amazon Rewards Visa Signature Card
  4. Additional Perks offered by Amazon Rewards Visa Signature Card
  5. Drawbacks of Amazon Rewards Visa Signature Card
  6. Better Alternatives of this Card
  7. Verdict: Is Amazon Prime Visa Signature Card good?
Amazon Prime Rewards Visa Signature Card
amazon prime rewards visa signature card Image Credit” Amazon

Highlights

  • $50 Amazon.com Gift Card upon approval
  • 3% Back at Amazon.com and Whole Foods Market
  • 2% Back at restaurants, gas stations, and drugstores
  • 1% Back on all other purchases
  • Complimentary Visa Signature Concierge Service 24 hours a day

Here is the detailed review about this credit card that will help in decision making.

Amazon rewards visa signature card fees

TypesAmount ($)
Joining FeesNil
Annual Fees$0
Balance Transfer Fees5% or $5 of the amount of each transfer, whichever is higher.
Foreign Transaction Fees$0
Introductory APRNil
Regular APRVariable 14.24%-22.24%
Fees Table

Benefits of Amazon Rewards Visa Signature Card

Below are the benefits of Amazon Rewards Credit card.

Unlimited Cashback Rewards

Amazon Rewards Visa Signature Card gives you the ability to earn Unlimited Cashback on various types of purchases.

These include 3% Unlimited Cashback reward on all purchases made at Amazon and Whole Foods, 2% Unlimited Cashback reward on purchases at Restaurants, Gas Stations, Drugstores, along with 1% unlimited Cashback reward on all other types of purchases made.

No Annual Fee

There is no annual fee with the Amazon Rewards Visa Signature Credit Card. As a result, you will not charge a fee simply for having this card, although there are other costs like interest costs charged from the cardholder.

No Foreign Transaction Fees

There are no Foreign Transaction Fees charged for Amazon Rewards Visa Signature Card. As a result, you are not charged any fees for payments made with another currency.

Exemplary Customer Care Services

Chase, the issuer of Amazon Rewards Visa Signature Card, is ranked fifth among the top eleven credit card issuers in the study ‘Credit Card Satisfaction Study 2020 by J.D. Power’.

This implies that the Customer Care Services offered by Chase is one of the best, which will optimize your Cardholder Experience.

Additional Perks offered by Amazon Rewards Visa Signature Card

Amazon prime rewards visa signature card travel benefits

While paying for your transportation using this card, you will receive up to $500,000 in the event of accidental death or dismemberment. For legal, medical, or other emergencies, you can call the Benefits Administrator while traveling.

Lost Luggage and Baggage Delay Insurance

If you or your immediate family member has a checked bag that is damaged or lost by a common carrier, you will receive up to $3,000 per passenger.

Auto Rental Collision Damage Waiver

You will receive secondary coverage on rental car insurance, protecting against theft and collision damage.

Visa Signature Luxury Hotel Collection and Concierge Services

Since Amazon Rewards is a Signature Visa Card, you get access to over 900 Luxury Hotels worldwide at best rates, room upgrades, and complimentary wi-fi, both subjected to availability. You can also enjoy 24*7 Concierge Services to find tickets to events, make dine-out reservations, or other inquiries.

Purchase Protection

Your purchases are covered for 4 months (i.e., 120 days) against theft or damage. You can file a claim and receive reimbursement of up to $500 per item up to $50,000 per cardholder.

Extended Warranty Protection

If your purchased commodity comes with a U.S. manufacturer warranty under years or less, then your card offers you an additional year of coverage.

Drawbacks of Amazon Rewards Visa Signature Card

Below are the Drawbacks of Amazon Rewards Credit Card that should be consider before applying this card.

Relatively Lower Welcome Bonus

Unlike welcome bonuses of most cards, the $50 Amazon Gift Card you receive using this card requires no minimum spending or even a purchase of any kind; you receive it upon approval.

For Example, American Express Blue Cash every day offers you a welcome bonus of $150 after making purchases worth $1,000 within the first 6 months of account opening.

But it is relatively lower than most such one-time offers- even those for no-fee cards, which typically run to at least $150. However, Amazon Rewards Visa Signature bonus does not require any minimum spending.

The Strongest Rewards Require a $119 Amazon Prime Membership


Amazon Rewards Visa Signature Card offers you a Cashback reward of 3% on purchases made at Amazon.com. On the other hand, Amazon Prime Rewards Visa Signature Card gives you a Cashback reward of 5% on purchases made at Amazon.com.

The additional 2% Cashback rewards on purchases made at Amazon.com come at the cost of Amazon Prime Membership, which costs you about $119 annually.

No Introductory APR

Amazon Rewards Visa Signature Card has a limitation of not offering you any relief from interest rates since it does not have an introductory APR. That means you are charged the regular variable APR ranging from 14.24%-22.24%.

On the other hand, most Credit Cards offer you no initial period of at least 1 year or more. For Example, Chase Freedom Unlimited Credit Card gives you relief from interest rates by providing you a 0% APR for 15 months.

Pros and Cons of Amazon rewards visa signature card

Pros

  • Welcome Bonus without spending
  • No foreign transaction fee
  • 3% back at Amazon and Whole Foods
  • Visa Signature benefits
  • No Annual Fees

Cons

  • High APR
  • 3% cash back not available on non-US Amazon sites
  • Very High balance transfer fee

Better Alternatives of this Card

Amazon Prime Rewards Visa Signature Card

This card is an upgraded version of the Amazon Rewards Visa Signature Card, which offers you a higher Cashback Reward of 5% on the purchase made at Amazon as compared to the Amazon Rewards Visa Signature Card, which gives you a cashback reward of 3% on purchases made at Amazon.

However, purchases made at dine-in, drug stores, gas stations earn you Cashback rewards of 2% per purchase. Moreover, all other purchases earn you a cashback reward of 1%.

Another point worth considering is if you are an Amazon Prime member, then Amazon Prime Rewards gives you better value for money due to a slightly higher Cashback Reward.

Moreover, as a new cardholder, you can avail of a marginally higher welcome bonus, i.e., a gift card of $100 compared to a gift card of $50 offered by Amazon rewards Visa Signature Card.

Chase Freedom Unlimited Credit Card

This is a better card that offers you a more lucrative range of Cashback offers that include the following offers

  • 5% Cashback Rewards on Lyft Rydes.
  • 5% Cashback Rewards on purchases at Grocery Stores.
  • 3% Cashback Rewards on Drugstores & Dine-in.
  • 1.5% Cashback Rewards on all other purchases.

Moreover, it offers you a higher welcome bonus of $200 on purchases made up to $500 within the first 3 months of Account Opening, compared to the $50 gift card offered to the new cardholders of the Amazon Rewards Visa Signature Card.

Another reason you might want to go for Chase Freedom Unlimited is the generous 0% introductory APR, which is applicable for 15 months from the date of account opening.

Fees & RatesAmazon Rewards Visa Signature CardAmazon Prime Rewards Visa Signature CardChase Freedom Unlimited Credit Card
Welcome Bonus/Sign-up BonusAmazon Gift card of $50Amazon Gift Card of $100$200 Cash Rewards Bonus on purchases worth $500 made within first 3 months of Account Opening
Cashback RewardsVariable cashback of 3% on Amazon, 2% on dine-in, Gas Stations, and drugstores, 1% on all other purchases.Variable cashback of 5% on Amazon, 2% on dine-in and drugstores &Gas Stations, 1% on all other purchases.Variable cashback of 5% for travel, 3% for Dine-in, Drugstores, 1.5% on other purchases
Intro APRNilNil0% APR for 15 months
Regular APRVariable 14.24%-22.24%Variable 14.24%-22.24%Variable 14.99-23.74
Annual Fee$0$0, Amazon Prime Membership Required0%
Foreign Transaction Fees0%0%3%
Comparison chart

Verdict: Is Amazon Prime Visa Signature Card good?

amazon prime rewards visa signature card

Amazon Rewards Visa Signature offers its cardholder a wide range of perks, including Unlimited Cashback Rewards, Purchase Protection, Extended Warranty, Visa Concierges, Worldwide Acceptability, etc. All these perks make it a good card for you.

Editor's Rating:
3.9

If you are an Amazon Prime member, Amazon Prime Rewards Visa Signature Card is the better card for you since it offers you better cashback rewards of 5% on purchases made at Amazon.com compared to 3% Cashback rewards. Moreover, you also get a higher welcome bonus of $100, as compared to $50.

If you do not use Amazon.com extensively, then Chase Freedom is a better card to go for. Since it offers you a lucrative range of Cashback Rewards, along with a higher welcome bonus, along with 0% introductory APR for 15 months, which gives you relief from hefty interest rates.

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Frequently Asked Questions

  1. What is the Credit Card Limit of Amazon Prime Rewards Visa Signature Card?

    The minimum credit limit of this card is $500, but your credit limit is determined by several factors that include your credit scores, income levels. That means it will vary from person to person. However, if you are not happy with your initial credit limit, you can request an increase in the credit limit.

  2. What is the Credit Score Needed for Amazon Rewards Visa Score?

    A Credit Score of 670 or above FICO and 650-700 Vantage Score is required for you to qualify as a cardholder of the Amazon Rewards Visa Signature Card.

  3. What are Travel Benefits offered by Amazon Prime Rewards Visa Signature Card?

    Since Amazon Prime Rewards Visa Signature Card is a Signature Visa Card, it offers you Visa Concierge Service (which gives you access to over 900 luxury hotels at a reduced cost), along with Travel Accident Insurance, Lost Luggage Reimbursement, along with Baggage Delay Insurance.

  4. Is Amazon Prime Rewards Visa Signature Card valid outside the U.S.?

    Yes, Amazon Prime Rewards is accepted internationally since it is a Visa Card. Moreover, non-US citizens can also avail themselves of its benefits if they have a good Credit Score, Income Level, and debts in check.

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