Amazon offers an array of credit card options to its consumers, tailored to fit the unique needs of each demographic. Whether you’re an occasional Amazon shopper, an Amazon Prime member, or a small business owner, Amazon has a credit card that offers benefits specifically designed for you. This article will take a comparative look at these cards to highlight their differences.
Amazon Rewards Visa Signature Card
The Amazon Rewards Visa Signature Card, a collaboration between Amazon and Chase, offers a variety of benefits, especially for frequent Amazon shoppers and Prime members. Here’s an overview of its features, pros and cons, and how it compares to other cards:
- Cash Back Rewards:
- Prime Members: Earn 5% cash back on Amazon.com and Whole Foods Market purchases.
- Non-Prime Members: Get 3% cash back at Amazon and Whole Foods Market.
- Other Purchases: Earn 2% back at gas stations, drugstores, and restaurants, and 1% on all other purchases.
- Sign-Up Bonus:
- New cardholders receive a $50 Amazon.com gift certificate upon approval.
- Additional Benefits:
- No annual fee and no foreign transaction fees.
- Includes travel accident insurance, lost luggage reimbursement, baggage delay insurance, travel and emergency assistance, zero fraud liability, auto rental collision damage waiver, roadside dispatch, extended warranty protection, and purchase protection.
- APR and Fees:
- The variable APR ranges from 19.24% to 27.24%, which is relatively high.
- Late payment fees apply after a 21-day grace period.
- High cash back rate for Amazon and Whole Foods purchases.
- Additional benefits like travel insurance and purchase protections.
- Easy rewards redemption on Amazon.com.
- No annual fee.
- Requires an Amazon Prime account for the highest cash back rate.
- High APR, which can be costly if carrying a balance.
- The sign-up bonus is lower compared to some other cash back cards.
Comparison with Other Cards:
While the Amazon Rewards Visa Signature Card is an excellent option for frequent Amazon and Whole Foods shoppers, especially Prime members, it may not offer the best value for those who don’t use these services regularly. The card’s high cash back rates are primarily focused on Amazon-related purchases. For other types of spending, like dining out or fuel, there are cards that offer higher rewards rates.
The Amazon Rewards Visa Signature Card is most beneficial for those who frequently shop on Amazon or at Whole Foods Market. Its reward structure is designed to maximize benefits for these shoppers. However, if your spending is more diverse or if you’re not a regular Amazon customer, other cards might provide more value.
Amazon Prime Rewards Visa Signature Card
Amazon Store Card
The Amazon Store Card is specifically designed for frequent Amazon.com shoppers. This card offers a 5% cashback on Amazon.com purchases to Prime members and also provides special financing options on certain purchases.
Comparison: Unlike the Amazon Rewards Visa Signature Card and Amazon Prime Rewards Visa Signature Card, the Amazon Store Card can only be used on Amazon.com. However, it offers similar cashback rates on Amazon purchases as the Amazon Prime Rewards Visa Signature Card.
Amazon Business American Express Card
Amazon Business Prime American Express Card
The Amazon Business Prime American Express Card is similar to the Amazon Business American Express Card but offers added benefits for Amazon Prime members. It provides the same cashback categories as the Amazon Business American Express Card, but users can choose between earning 5% back or 120 days interest-free on U.S. purchases at Amazon businesses (up to $120,000 per calendar year).
Comparison: While this card shares many similarities with the Amazon Business American Express Card, it offers an extended interest-free period on Amazon businesses purchases compared to its non-Prime counterpart. However, it requires a Prime membership, unlike the Amazon Business American Express Card.
By comparing these cards, it’s evident that the best Amazon credit card for you depends on your Amazon usage, Prime membership status, and whether you’re an individual consumer or a business. It’s important to consider these factors and others, such as annual fees and interest rates, when choosing a credit card.
For the most accurate and updated information, please visit the respective Amazon credit card websites or contact their customer service.