- $50 gift card Amazon.com gift card upon account approval
- 3% back on Amazon.com purchases and Whole Foods Market
- 2% back at gas stations, restaurants and drug stores
- No annual fee
- 1% back on all other purchase categories
- Doesn't offer 0% financing
- Prime membership isn't complimentary
Amazon Credit Card Review Summary
The Amazon.com Credit Card figures to become increasingly popular, not to mention more valuable, as Amazon.com strives to canopy the farthest reaches of digital-age commerce.
For starters, Amazon points are basically as good as cash since they can be redeemed for anything on the site – which, as we all know, is pretty much anything. One point is worth a penny, and 10,000 points can be used to buy an item priced at $100. The three points per dollar spent on Amazon.com orders and Whole Foods Market that you’ll get with this card can therefore be thought of as 3% cash back. By that logic, you’ll also earn 2% cash back at gas stations, restaurants and drug stores as well as 1% everywhere else.
Add a $50 gift card initial bonus to the mix and subtract an annual fee, and it’s pretty clear that the Amazon.com Credit Card is a must-have for online shoppers. The offer is not without flaws, however, and perhaps the biggest shortcoming is that its 1% base earning rate represents only the market average for rewards credit cards.
- A $50 Amazon.com Gift Card ($100 for Prime members) will instantly be loaded into your Amazon.com account upon the approval of your credit card application.
- Earn 3 points for every $1 spent on Amazon.com and Whole Foods Market, 2 points for every eligible $1 spent at gas stations, restaurants and drugstores and 1 point for every other $1 spent.
- Redeem your points to pay at checkout on Amazon.com. Every 100 points = $1.00 towards your purchase. Pay for all or part of your purchase with points - there's no minimum.
- In addition to using your rewards at Amazon.com, you can also redeem for cash back, gift cards, and travel.
- If you have an eligible Prime membership, you can link your Amazon.com Credit Card to earn 5 points for every $1 (equivalent to 5% cash back) on purchases made at Amazon.com and Whole Foods Market. Plus, get up to 10% back on rotating Amazon categories and products with a Prime card.
- If you have an eligible Prime membership, you can choose between 5 points for every $1 spent at Amazon.com or 0% promo APR for 6-18 months on purchases $50 or more. Terms apply.
- Your complimentary Visa Signature Concierge Service is available 24/7 to assist with planning and booking.
- Travel Benefits: Travel Accident Insurance, Lost Luggage Reimbursement, Baggage Delay Insurance, Travel and Emergency Assistance, Roadside Dispatch and Auto Rental Collision Damage Waiver.
- Shopping protection: Extended Warranty Protection, Purchase Protection and Zero Fraud Liability for Unauthorized Purchases.
- If approved for an account, your credit access line will be at least $500.
- See More Details & Reviews About Amazon.com Credit Card
Amazon Credit Card Review Highlights
Freeway To Amazon Savings
The fact that the Amazon.com Credit Card does not charge an annual fee is essential, as it allows potential applicants to use the card as a supplement to their everyday spending vehicles. After all, most people don’t want to pay for a credit card that they’re not going to use every day, and other cards provide a lot more value on non-Amazon purchases. And, even though you can seemingly buy everything imaginable from Amazon, we’re not yet at a point where average consumers spend more money through Amazon than elsewhere.
Good Value At Gas Stations, Drug Stores & Restaurants
Most co-branded credit cards severely restrict earnings on purchases not made through the company whose name the card bears. So, if you have a credit card tied to a particular airline, for example, you can expect to earn very little when filling your car up with gas. And even if you can earn a bit more in certain spending categories, they’re usually not major ones. The Amazon Card is a bit different in this regard, providing 2 points per dollar (versus 3 for Amazon purchases) on charges made at gas stations, drug stores and restaurants.
This makes using Amazon Rewards as your sole credit card a bit more viable than would be the case with other affinity cards if you don’t fancy keeping track of two accounts.
Ultimate Rewards Redemption Options
In addition to paying with points on Amazon.com, you can also redeem your earnings at a 1:1 ratio for cash back or travel accommodations booked through Chase Ultimate Rewards (Chase issues the Amazon Card). This makes the card even more versatile, enabling you to benefit – by simply using points to pay your bill, for example – even if you don’t need something from Amazon.com.
Amazon Credit Card Review Lowlights
Earnings Don’t Measure Up For Most Non-Amazon Spending
If you make Amazon Rewards your only credit card, odds are you’ll end up earning only the market average of 1% on most purchases. You can see for yourself by comparing your gas, restaurant and Amazon.com spending to the overall amount you charge on your credit card. This ultimately isn’t too big of a deal, but the lack of high earning rates on all purchases does mean that you’ll be sacrificing value – not to mention some measure of redemption flexibility – relative to offers like Citi Double Cash if you make the Amazon Card your everyday spending vehicle.
No Help With Financing
If you’re in the market for a big-ticket Amazon item, such as a TV or rare collectible, the Amazon Card won’t be the source of any finance savings. It doesn’t offer 0% introductory interest rates on either new purchases or balance transfers, and its regular APR will be well above the average for people with excellent credit – even if you’re lucky enough to fall in the low end of its 14.24% - 22.24% (V) range.
That’s why you should only use this card if you plan to pay your bill in full every month. If you’re going to carry a balance, other cards will save you more money – even on Amazon purchases.
Other Things To Consider about the Amazon Credit Card
Free Prime Membership Not Included
Some people might assume that Prime status would be automatically thrown in as part of being an Amazon.com cardholder the same way that elite status is often a perk of opening a hotel rewards credit card. Although that’s not the case, it isn’t too big of a deal considering that shipping for orders of $35 or more is still free for all Amazon customers, and the Amazon Card would probably charge an annual fee if Prime membership was included, but it’s nevertheless good to know before applying.
Might Lead To Unnecessary Spending
Like falling into a black hole of Googling, it’s easy to get lost in Amazon’s maze of inventory, only to emerge with a big ole bill. And since Amazon rewards could serve as another reason to throw caution to the wind and embrace the short-term pleasure of purchasing, cardholders should stay on the lookout for overspending. Amazon.com, unlike an airline or hotel chain, is open 24/7/365 and always at your fingertips.
The Amazon Credit Card vs. The Competition
Amazon.com Credit Card
Amazon.com Store Card
Citi® Double Cash Card – 18 month BT offer
Chase Freedom Unlimited®
|Rewards Bonus||$50 gift card||$10 gift card||N/A||$200|
|Rewards Rate||1 - 5 points / $1||0 - 5% Cash Back||2% Cash Back||1.5 - 5% Cash Back|
|Purchase Intro APR||N/A||0% for 6 to 24 months||N/A||0% for 15 months|
|Transfer Intro APR||N/A||N/A||0% for 18 months|
Transfer Fee: 3% (min $5)
|Regular APR||14.24% - 22.24% (V)||25.99% (V)||13.99% - 23.99% (V)||14.99% - 23.74% (V)|
|Editors' Rating||4.5 / 5||5.0 / 5||5.0 / 5||5.0 / 5|
|Details, Rates & Fees||Learn More||Learn More||Learn More||Learn More|