With Prime Day lower than per week away, now’s the proper time to organize for offers in your summer time, back-to-school and family wants. You’ll be able to additional ramp up your financial savings on Prime Day (or, extra like Prime days) by making your purchases with the Amazon Prime Rewards Visa Signature Card*, Amazon’s flagship bank card.

This Prime Day, which spans July 12 and 13, you will even be capable to earn much more money again — 6% on Amazon and Entire Meals. For the remainder of the yr, you will earn 5% on each. Should you’re so inclined, you may as an alternative go for promotional financing in your Amazon purchases. And now by means of July 29, you too can get a greater welcome bonus. You will earn a $200 Amazon present card immediately upon card approval, as an alternative of the common $100 or $150 present card.

Whereas this card has no annual price, it does require an Amazon Prime account, which presently prices $139 per yr. That is a bit greater than the usual $95 annual price of many midtier bank cards, however a Prime membership may even get you further perks like sooner package deal supply, entry to the Prime Video streaming service and Prime Day.

On this article

• Rewards and welcome bonus
• ​Promotional interest-free financing choice​
• Redeeming your money again​
• Journey advantages and different perks​
• What number of Amazon bank cards are there?​
• Different playing cards to think about​
• FAQs​
• Our method to bank card analysis​

Rewards and welcome bonus

As the most important retailer, Amazon can provide a higher rewards program than most different playing cards in its class. You get the liberty of incomes rewards that aren’t fully confined to your purchases beneath the Amazon umbrella.

This Prime Day, you may earn a promotional 6% money again on Amazon and Entire Meals purchases. In any other case, the 5% fee you will earn at Amazon and Entire Meals is kind of aggressive. You will additionally earn 2% money again at eating places, fuel stations and drugstores, in addition to a 1% flat fee on all different purchases. This card additionally gives as much as 10% off choose merchandise on Amazon as an additional benefit.

For the welcome bonus, you may earn an Amazon present card of $200 instantly upon account approval. You’ll be able to reap the benefits of this welcome bonus instantly, no matter your purchases — most different bank card welcome bonuses require you to hit a minimal spending threshold to earn it. 

Promotional interest-free financing choice

In an analogous approach to another giant retailer bank cards, the Amazon Prime Rewards Visa Signature Card offers customers the choice to decide on an interest-free financing plan on their Amazon purchases relatively than incomes the 5% money again. Eligibility relies on the value of the acquisition, and you will need to pay the whole lot of your stability in equal funds over the allotted time to keep away from curiosity prices. After the promo interval, a variable APR of 14.99% to 22.99% applies.

• For purchases of $50 or extra, you may finance your buy for six months
• For purchases of $250 or extra, you may finance your buy for 12 months
• For purchases of $500 or extra, you may finance your buy for 18 months

To assert this profit on a purchase order, merely choose “Equal month-to-month funds” as you try. However watch out — you must monitor your month-to-month billing statements and ensure you repay any remaining balances from different purchases which can be nonetheless topic to a nonzero APR.

Redeeming your money again

Although that is branded as a cash-back card, you will technically earn your rewards within the type of factors, that are value $0.01. You may have just a few choices to select from with regards to redeeming your rewards.

First, as your stability hundreds routinely, you may apply your earned factors on to your Amazon purchases at checkout. Or, you may redeem them as money again within the type of an announcement credit score or a deposit into your checking account. Third-party gives on journey, present playing cards and different offers may additionally be out there for redemption at any given time. You do not have to satisfy a minimal level stability to redeem your factors.

Journey advantages and different perks

The Amazon Prime Rewards Visa Signature Card gives a stunning quantity of journey perks for a retailer bank card. There are no overseas transaction charges, so you need to use this bank card overseas and nonetheless acquire the rewards and not using a concern.

A variety of insurance coverage protection is on the market to cardholders, providing you with extra peace of thoughts whereas on the street. You will get baggage delay insurance coverage, journey accident insurance coverage, auto rental collision injury waiver and misplaced baggage reimbursement. A number of the prime journey playing cards do not even provide all of those together.

What number of Amazon bank cards are there?

The household of Amazon bank cards can get somewhat complicated, and never everybody’s on-line expertise will look the identical. There are two totally different playing cards, every with its personal model for Prime members and non-Prime members.

The Amazon Prime Rewards Visa Signature Card (the main focus of this evaluation) is the matriarch of the household, with one of the best advantages out there to these taking full benefit of Amazon Prime already.

If you do not have a Prime account and don’t need one, you may apply for the Amazon Rewards Visa Card*. You will get a smaller welcome bonus and solely 3% money again at Entire Meals and Amazon, however the different main specs of this card are the identical. Plus, there isn’t any annual price.

The Amazon Prime Retailer Card* is an effective choice for those who’re a Prime member and wish longer interest-free financing on bigger purchases made at Amazon. Nevertheless, it could possibly solely be used inside the Amazon ecosystem. You will earn a small welcome bonus within the type of a $60 Amazon present card upon approval and might finance a purchase order for as much as 24 months (relying on worth and eligibility). Should you do not select to make use of the financing, you will earn 5% money again on Amazon purchases.

The non-Prime equal is the Amazon.com Retailer Card*. It maintains the identical specs because the Prime model, besides you do not have the choice to earn money again on Amazon purchases, even for those who do not use the financing choice.

Different playing cards to think about

Citi Customized Money℠ Card

With the Citi Customized Money℠ Card, the headline cash-back fee is 5% (as much as the primary $500 spent inside the eligible class per billing cycle, then 1%), and it routinely applies to your highest eligible spending class. If the 5% again at Entire Meals is essentially the most interesting a part of the Amazon Prime Rewards Visa Signature Card, this card can provide you 5% again at grocery shops past simply Entire Meals. This contains supermarkets, meat or seafood shops, dairy shops, bakeries and miscellaneous comfort shops.

Spending classes additionally embrace eating places, fuel stations, choose journey, choose transit, choose streaming companies, drugstores, residence enchancment shops, health golf equipment and reside leisure. You will get a 0% introductory APR on purchases and stability transfers for 15 months (15.49% to 25.49% variable APR thereafter), so you do not have to decide on between money again and interest-free financing. Moreover, you may earn a $200 welcome bonus by spending $750 on the cardboard inside the first three months of account opening (bonus provide might be fulfilled as 20,000 ThankYou® factors, which may be redeemed for $200 money again).

See our full evaluation of the Citi Customized Money Card for extra particulars.

Financial institution of America® Custom-made Money Rewards bank card

Should you’re seeking to earn rewards on on-line purchasing purchases — not simply at Amazon — the Financial institution of America® Custom-made Money Rewards bank card is value a glance. The Custom-made Money Rewards permits cardholders to decide on the class the place they’re going to earn the highest cash-back fee of three%. On-line purchasing is certainly one of these classes, together with fuel, eating, journey, drug shops or residence enchancment/furnishings. You will additionally earn 2% money again at grocery shops and wholesale golf equipment (on the primary $2,500 in mixed alternative class/grocery retailer/wholesale membership purchases every quarter, then 1%) and 1% on all different purchases. 

Whereas these charges are decrease than these of the Amazon Prime Rewards Visa Signature card, they permit for higher flexibility for purchasing past Amazon and Entire Meals. You will additionally be capable to reap the benefits of 0% introductory APR for the primary 15 billing cycles on purchases and on any stability transfers made within the first 60 days (15.49% to 25.49% variable APR thereafter; a 3% stability switch price, minimal $10, applies), in addition to a $200 on-line money rewards welcome bonus once you spend at the least $1,000 inside the first 90 days of account possession.

FAQs

Our method

We evaluation the playing cards which can be within the highest demand and provide one of the best advantages. We scour the effective print so there are not any surprises once you open an account. We discover the important thing components that make a card stand out and evaluate them to different prime playing cards. That manner, readers can go for a distinct card with comparable options if our choose is not proper for them. Our critiques are recurrently checked and up to date to include new suggestions, in addition to to replicate modifications in gives and the market. 

*All details about the Amazon Prime Rewards Visa Signature Card, Amazon Rewards Visa Card, Amazon Prime Retailer Card, and Amazon.com Retailer Card has been collected independently by CNET and has not been reviewed by the issuer.

The editorial content material on this web page relies solely on goal, impartial assessments by our writers and isn’t influenced by promoting or partnerships. It has not been supplied or commissioned by any third get together. Nevertheless, we might obtain compensation once you click on on hyperlinks to services or products supplied by our companions.

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