Joyce Brown, CPA
@blackhole1
The best Amazon Credit Card benefits are a $50 Amazon.com gift card after account approval ($70 for Prime members) and 3% back at Amazon.com and Whole Foods (5% for Prime members). Amazon Visa cardholders also earn 2% back at gas stations, restaurants and drugstores (1% on all other purchases). These benefits apply to the Amazon Credit Card, which is issued by Chase Bank and can be used anywhere Visa is accepted. Synchrony Bank issues the Amazon Store Card, which can only be used at Amazon.com but gives Prime members 5% back on purchases, too.
Prime members who are approved for either the Amazon Credit Card or the Amazon Store Card will automatically receive a Prime branded version.
Some other Amazon credit card benefits include…
No annual or foreign transaction fee: The Amazon Credit Card has no foreign transaction fee, which means you can shop from internationally based merchants without pesky surcharges on each purchase. Since the Amazon Store card can only be used on Amazon.com, there’s no foreign transaction fee to worry about.
Neither the Amazon Credit Card nor the Amazon Store Card charge annual fees. But you’ll need to pay the annual Prime membership fee for the best rewards.
Visa Signature perks: The Amazon Credit Card is a Visa Signature card, which means you will receive Travel Accident Insurance, Auto Rental Collision Damage Waiver, Extended Warranty Protection, and Purchase Protection. Other features include Lost Luggage Reimbursement, Baggage Delay Insurance, and access to Visa’s Luxury Hotel Collection.
The Amazon Store Card is not eligible for these benefits.
Redemption options: The Amazon Credit Card is a points card, where 100 points equals $1 in rewards. Points can be used to make part or all of a purchase on your Amazon Credit Card. They can be redeemed for cash back starting at 2,000 points in the form of a $20 statement credit. You can also redeem points for gift cards (starting at 2,500 points) as well as travel booked through Chase.
The 5% back on the Amazon Store Card can be redeemed as a monthly statement credit or be used for purchases on Amazon.com.
These cards are an awesome way to save on Amazon spending, at the very least. The Amazon Credit Card is a solid choice for earning rewards on everyday purchases anywhere Visa is accepted. And the Amazon Store Card is great for people with fair credit or better, especially Prime members.
Amazon.com Credit Card
Store Card Sarah, Member
@StoreCardSarah
Amazon credit card benefits include travel accident insurance, coverage for lost or delayed luggage, and car rental insurance. Plus, items you buy with your Amazon card may be eligible for purchase protection and an extended warranty. But those benefits just sweeten the deal. The card’s main selling points are no annual fee, 3 points per dollar at Amazon (5 with Amazon Prime), and a $50-$70 Amazon gift card as a signup bonus.
Here are the top Amazon credit card benefits:
- Travel accident insurance: When you charge a flight, cruise, bus ride or train trip to your Amazon card, you get up to $500,000 in travel accident insurance. You and any immediate family on your booking will be covered for serious injury or death caused by the travel provider while you are abroad. You also get up to $100,000 in 24-hour coverage. Unlike regular travel insurance, 24-hour travel accident insurance applies to the entire first 30 days of your trip.
- Luggage insurance: If your luggage is damaged or lost by the carrier, you and your immediate family are covered up to $3,000 per person. For baggage delays longer than 6 hours, you’re covered up to $100 a day for three days. You’ll get reimbursed for toiletries, clothing, and other necessities you buy to replace your delayed baggage.
- Auto rental insurance: You’re covered for theft or damage up to the cash value of the vehicle. You just need to pay with your Amazon card and refuse the rental company’s insurance. Coverage last 31 days and excludes luxury cars, trucks and damage due to reckless driving.
- Extended warranty: Pay with your Amazon card and get up to one extra year for warranties of three years or less. You’re covered up to $10,000 per item, with an account limit of $50,000.
- Purchase protection: You’re covered up to $500 per claim if an eligible Amazon card purchase gets stolen or damaged within 120 days of you buying it. Antiques, cosmetics and cars are not covered, among other items. The account limit for claims is $50,000.
- Roadside dispatch: Call 1-800-847-2869 for basic roadside assistance. There’s a pay-per-use charge starting at $59.95, but no membership fee.
- No foreign transaction fees: When you buy something abroad, or from a merchant based outside the U.S., you’re not charged an extra fee.
- Visa Signature Luxury Hotel Collection: Amazon cardholders get perks at over 900 hotels. They include free room upgrades, breakfast, a $25 food and drink credit, 3:00 PM late checkouts, and Wi-Fi access.
- Travel assistance: You can call Visa’s 24/7 help line at 1-800-397-9010 for medical and legal referrals, translation, emergency ticket replacement and more.
Amazon credit card benefits provide security and savings for travelers. They also offer protection for damaged, stolen, or broken purchases. And when you factor in the ability to earn rewards at Amazon, this card is a good choice for both online shopping and travel.
@zukosstruggle
#3- You are not covered up to the Amount of the Vehicle price.
The benefits for Collision Damage waiver when travelling with a rental is only covered up to the deductible of the vehicle. They don't tell you that on any website or your Amazon Credit cards Rewards Page. You have to call in AND SPEAK TO A LIVE ADVISOR or call and get them to send you the information about coverage via Email. Even in the contract, the damage waiver coverage lines doesn't adequately inform people that they are only covered up to the deductible of their liability insurance policy. THAT CAN BE MORE OR LESS $500, but not much more ($1,000). I didn't even ask about theft coverage that was displayed on the Chase and Amazon's websites yet the first Live Advisor I spoke to said that the coverage is only for Collision. The Live Advisors say that the coverage offered is supplemental, but they tell you to bypass the rental car companies CDW Insurance just to receive theirs . That sounds like the worst supplementation I've heard of.
Call and speak to a live advisor and have them send you documents of coverage. That is the actual lawful contract and it's sneaking. Call 1-877-631-0919. Everything someone says on the internet is not true.
@zukosstruggle
#3- You are not covered up to the Amount of the Vehicle price.
The benefits for Collision Damage waiver when travelling with a rental is only covered up to the deductible of the vehicle. They don't tell you that on any website or your Amazon Credit cards Rewards Page. You have to call in AND SPEAK TO A LIVE ADVISOR or call and get them to send you the information about coverage via Email. Even in the contract, the damage waiver coverage lines doesn't adequately inform people that they are only covered up to the deductible of their liability insurance policy. THAT CAN BE MORE OR LESS $500, but not much more ($1,000). I didn't even ask about theft coverage that was displayed on the Chase and Amazon's websites yet the first Live Advisor I spoke to said that the coverage is only for Collision. The Live Advisors say that the coverage offered is supplemental, but they tell you to bypass the rental car companies CDW Insurance just to receive theirs . That sounds like the worst supplementation I've heard of.
@zukosstruggle
#3 - You are NOT covered up to the total damage of the vehicle. It only covers you up to your Insurance deductible (probably only for Collision, so if you have Liability Insurance only, you're out of luck).
Please call 1-800-397-9010 and confirm with a LIVE ADVISOR. Two different ones told me that the insurance they offer is only supplemental up to the deductible of your current insurance. Everything you read on the internet is not true.
Benny Joseph, Football and Finance!
@Benjy_1
For sure, just count the 5% back as statement credit if you have a Prime subsription (and who doesn't?) & financinng for up to 2 yrs.
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Casey Faber, Member
@caseyf_10
Quite a few. I'd say the most surprising one was the hotel upgrades and perks. Would not have predicted I could get a free room upgrade with an Amazon CC.
Anna Santos, Member
@anna_santos
Yes, there are: travel accident insurance, luggage insurance, and auto rental insurance among others.
April Lucas, Member
@april_lucas
3% at Amazon and Whole Foods, 2% at restaurants, gas stations and drugstores, and 1% on all other purchases. You also get a $50 Amazon.com gift card upon approval.
RODNEY BENNETT, Hipster Investor
@rodneyben
I'm addicted to shopping and the biggest benefit is that I get rewarded for doing what I enjoy the most. :)
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