The Prime Visa's $250 Gift Card Offer Is Back -- Here's Why It's Worth It

Are you an Amazon Prime member? Want an instant $250 added to your Amazon account, plus earn 5% back on every future Amazon cart?

If yes, then this offer is for you.

For a short time, the Prime Visa (see rates and fees) is handing out a $250 Amazon gift card instantly upon approval. There's no spending required or waiting period. Just apply, get approved, and boom -- $250 drops into your Amazon account as a credit.

Better yet, the Prime Visa has no annual fee, and ongoing rewards built for Prime members. Here are all the deets.

How the $250 gift card offer works

Here's what makes this deal one of the best card bonus offers around: you don't have to spend a dime to earn the welcome bonus.

Here's the deal overview:

• Limited-time offer: Get a $250 Amazon Gift Card instantly upon approval exclusively for Prime members.
• Eligibility: Must be an Amazon Prime member.
• Application time: Takes just a couple minutes to fill out the application, and approvals usually happen within 15 seconds.
• Annual fee: $0 with Prime membership.

Once you're approved, the gift card is automatically added to your Amazon account. You can use it right away if you've already got a full cart ready to check out!

Ongoing perks: Get 5% back on your Amazon orders (and more)

Here's where things get even better. And this is why I personally have the Prime Visa card.

If you're a Prime member, here's what you'll earn with ongoing rewards:

• 5% cash rewards on Amazon.com, Amazon Fresh, Whole Foods Market and on Chase Travel purchases with an eligible Prime membership
• 2% cash rewards at gas stations, restaurants, and on local transit and commuting (including rideshare)
• 1% cash rewards on all other purchases

You can redeem your rewards directly at checkout on Amazon, or as statement credits, travel bookings, or cash back. It's super easy.

Even if you only shop Amazon occasionally, 5% back is still a great deal.

I like to think of it as a 5% discount coupon, added to all my Amazon orders. In fact, we just bought our 6-year-old a new trampoline for $200 -- and got $10 back without trying!

What your rewards could look like each year

Let's say you spend consistently on Amazon throughout the year. Here's what you could earn in just cash back rewards (not including the $250 gift card).

And that's just your Amazon orders.

If you shop at Whole Foods, place grocery orders with Amazon Fresh, or book travel through Chase, your real cash back could be even higher. Throw in the 2% from restaurants, gas, and rideshare, and this card quietly becomes one of the best no-annual-fee rewards cards out there.

Don't wait -- this offer won't last long

The $250 Amazon gift card promo is back, but not forever.

If you're a Prime member, already shopping on Amazon, and like the idea of starting your next order with $250 in free credit, now's the time.

Grab your $250 Amazon credit now. Learn more in our full review and apply now to see if you're approved in minutes.