Amazon Prime Rewards Visa Card Review: 5% Back on Amazon Purchases Exclusively for Prime Members

Amazon Prime Rewards Visa Signature Card
Our Bottom Line

The fact that this card includes no annual fee makes it a no-brainer for Amazon Prime members. Simply put, the cash-back rate is among the highest you'll find for Amazon purchases.

What we Like:
  • 5% back on Amazon and Whole Foods purchases
  • $70 sign up bonus
  • No foreign transaction fees
Key Scores:
4.0 5 Perks
0 5 Fees
4.0 5 APR
Perks 4.0/5
Fees 0/5
APR 4.0/5
  • Annual Fee: $0
  • Regular APR: 16.49% to 24.49%, variable
  • Intro APR: Purchases: N/A Balance Transfers: N/A
Highlights
  • Exclusively for customers with an eligible Prime membership
  • $70 Amazon.com Gift Card instantly upon credit card approval
  • 5% back at Amazon and Whole Foods
  • 2% back at gas stations, restaurants and drugstores
  • 1% back on all other purchases
  • No foreign transaction fees
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The information related to Amazon Prime Rewards Visa credit card has been collected by The Ascent and has not been reviewed or provided by the issuer of this card.

The Amazon Prime Rewards Visa Card is a good all-around rewards card for getting the most value on basic spending needs. It is best fit (and exclusively) for current Amazon Prime customers who can make the most of 5% back on Amazon and Whole Foods purchases, as other cards offer similar rewards on gas and restaurant spending.

What I like about Amazon Prime Rewards Visa Card

Unlimited 5% back on Amazon and Whole Foods purchases -- Earn unlimited 5% back on all Amazon and Whole Foods purchases. Competing bonus rewards cards offer similar rates, but spending is capped. For this card, rewards are earned as points, which generally carry a value of $0.01 apiece. Keep in mind, spending at restaurants, gas stations, and drugstores earns 2% back while other purchases earn 1% back. Cardholders also have several redemption options for points beyond Amazon purchases. For example, cardholders can pay with points immediately for Amazon purchases or redeem for statement credits starting at 2,000 points (worth $20).

Instant $70 sign-up bonus -- The card offers an instant $70 gift card upon credit approval. Generally, sign-up bonuses are dependent on spending levels rather than approval and not instant.

$0 annual fee -- The Amazon Prime Rewards Visa Card is feature-packed, especially since it doesn’t charge an annual fee.

No foreign transaction fees -- Take this card overseas with confidence. The card doesn’t charge a foreign transaction fee, whereas other cards frequently charge a 3% foreign transaction fee. On $2,000 of annual spending, no transaction fees save cardholders $60 per year.

What could be improved

0% intro APR offer -- Cardholders wanting a 0% introductory offer for a large new purchase or balance transfers may not find this card valuable. Check out our picks of the best 0% intro APR credit cards if this is a must-have perk.

Balance transfer fees -- The card carries a transfer fee of $5 or 5%, whichever is greater. Most balance-transfer credit cards charge a lower $5 or 3% fee. Indebted cardholders should likely look elsewhere if focused on paying down debt.

How to best use

  • As we believe is best with credit cards, this one is best paid in full each month. Interest on balances will rapidly pile up faster than rewards earned on spending. Paying off the statement balance in full each month will avoid interest charges.
  • Set this card up as the default card in an Amazon account to ensure the 5% bonus is maximized. It may be a good card to use for purchases at restaurants, drugstores, and gas stations, as well, given its 2% back rate.
  • To stretch rewards, consider using this card for bonus-category purchases in tandem with a flat-rate cash-back card for all other purchases. Some competing cards double this cards 1% back base rate. Of course, using this strategy all comes down to how important the incremental rewards are for you, given the additional complexity of carrying another card in your wallet and managing your finances.

Other cards to consider

If the Amazon Prime Rewards Visa Card doesn't seem like the perfect fit for you, check out these two lucrative cash-back cards:

As of Aug. 22, 2019
Bank of America® Cash Rewards credit card Discover it® Cash Back
Rating image, 4.5 out of 5 stars.
4.5 stars
ToolTip Icon for Star Rating. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor.
Rating image, 4.5 out of 5 stars.
4.5 stars
ToolTip Icon for Star Rating. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor.
Apply Now
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On Bank of America's Secure Website.

Read Full Review
Apply Now
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On Discover's Secure Website.

Read Full Review Rates & Fees

Credit Rating Requirement: Good/Excellent Clickable tooltip icon for credit rating info.

Credit Rating Requirement: Good/Excellent Clickable tooltip icon for credit rating info.

Bonus: $200 after spending at least $1,000 in the first 90 days of account opening Bonus: Double cash back in the first year
Rewards Program: Now earn 3% cash back on gas or in your choice category and 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and unlimited 1% on all other purchases. Rewards Program: 5% Cash Back At Different Places Each Quarter Like Gas Stations, Grocery Stores, Restaurants, Amazon.com, Uber and Lyft, PayPal, Target, and Walmart.com Up To The Quarterly Maximum Each Time You Activate, 1% Cash Back On All Other Purchases
Intro APR: Purchases: 0%, 15 billing cycles Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days Intro APR: Purchases: 0.00%, 14 months Balance Transfers: 0.00%, 14 months
Regular APR: 16.24% - 26.24% Variable Regular APR: 14.24% - 24.99% Variable
Annual Fee: $0 Annual Fee: $0

Highlights:

  • No annual fee
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • Earn 3% cash back on gas or your choice of one of five other popular categories, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
  • 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% - 26.24% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
  • No expiration on rewards
  • If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase

Highlights:

  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • No annual fee.

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Apply Now
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On Bank of America's Secure Website.

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Apply Now
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On Discover's Secure Website.

Final take

The Amazon Prime Rewards Visa Card is one of the most rewarding co-brand cards. Cardholders with a Prime membership may rightfully see it as a very valuable card and I'd agree.

The real perk is unlimited 5% back on Amazon and Whole Foods purchases as its 2% rewards rate on restaurants, gas, and drugstores can be duplicated by other cards. Weighing slightly on our enthusiasm is the fact that it doesn’t have a 0% intro APR and carries higher-than-average balance transfer fees. Some cardholders consider these perks to be a must-have, and some don’t, but I can always hope for best-in-class perks across the board in one card. Regardless, this card may be as good as they come for Amazon fans.