Amazon Rewards Visa Signature Card Review 2022: Is It Worth It?

The Amazon Rewards Visa Signature Card is one of two cards offered by Chase in partnership with the online retail giant. But is it worth signing up for? Check out this review to find

out.

Quick Overview

As an Amazon Prime member, you should get the Amazon Rewards Visa Signature Card. It gives you 3% cash back in rewards at Amazon.com and Whole Foods Market, 2% cash back at restaurants, gas stations, and drugstores, and 1% cash back on all other purchases. Plus, there’s no annual fee.

Your earnings with this card are unlimited- you get 3% back on all of your Amazon purchases, no matter how much you spend. In addition, the card comes with great travel benefits including concierge service and access to the Visa Signature Luxury Hotel Collection, plus $0 foreign transaction fees.

If you’re an Amazon Prime member, the Amazon Rewards Signature Card is a great option for earning rewards on your everyday spending.

Amazon Rewards Visa Signature Card Review 2022 Is It Worth It
Amazon Rewards Visa Signature Card Review 2022 Is It Worth It

Quick Facts

  • Card Type: Unsecured Credit Card
  • Issuer: Chase
  • Get an Amazon gift card of $50  right away after your application is approved.
  • Amazon.com and Whole Foods Market will give you 3% back, while restaurants, gas stations, and drugstores will give you 2%. All other purchases will offer 1% back.
  • You can also exchange your points for cash back, gift cards, and airfare.
  • Get 24/7 access to Visa Signature Concierge services.
  • With Travel Accident Insurance, Lost Luggage Reimbursement, Baggage Delay Insurance, and Travel and Emergency Assistance, you can travel easily with no worries.
  • No annual credit card fee
  • No foreign Mark fees

Why should you apply for Amazon Rewards Visa Signature Card?

Let’s discuss some of the reasons in detail below, why you should get this card.

1. You Can Get Up to $50 Back As an Amazon Gift Card

As soon as you are approved for the Amazon Rewards Signature Card, you will receive a $50 Amazon.com Gift Card. You can use this gift card to shop at any of the millions of items that are available on Amazon.

This is a great way to get started with using your new credit card and start racking up rewards points.

2. Rewards Points

There are a few great reasons to apply for the Amazon Rewards Card. First, cardholders earn 3% cash back at amazon and whole foods purchases, which can add up quickly if you’re a frequent shopper. Second, you earn 2% cash back at drugstores, gas stations, and restaurants, which is a nice perk if you don’t shop at Amazon or Whole Foods often. And

third, all other purchases earn 1% cash back, so even if you’re not shopping at one of the aforementioned places, you’re still earning rewards. Overall, the Amazon Rewards Card is a great way to earn rewards on your everyday purchases.

3. You do not need to pay an annual Fee

The Amazon Rewards Visa Signature Card has no annual fee, so you can keep using it year after year without having to worry about paying an annual fee.

This is great news for those of you who are looking for a rewards credit card that doesn’t have an annual fee.

4. Lost Luggage Reimbursement

Amazon Rewards Visa Signature cardholders are eligible for lost luggage reimbursement of up to $3,000 per passenger if their checked or carry-on luggage is damaged or lost by a common carrier, such as an airline.

This benefit can save cardholders a significant amount of money if their luggage is lost or damaged while traveling.

5. Baggage Delay

Have you ever had your baggage delayed? It’s the worst. You’re stranded in a strange place with nothing but clothes on your back. But if you have the Amazon Rewards Card, you’re covered.

The card will reimburse you for purchases like toiletries and clothing if your baggage is delayed over six hours, up to $100 a day for three days. However, this service is given by almost every credit card nowadays so it’s not a unique selling point.

6. Visa Signature Luxury Hotel Collection

The Amazon Rewards Visa Signature Card comes with some great travel perks. Cardholders get access to the Visa Signature Luxury Hotel Collection, which includes over 900 luxury hotels around the world.

Benefits include the best available rate, automatic room upgrades (when available), complimentary in-room Wi-Fi (when available), and more.

So if you’re looking for a rewards credit card with great benefits and no annual fee, the Rewards Visa Signature Card is a great option to consider.

7. Auto Rental Collision Damage Waiver

Another great benefit of the Amazon Reward Card is the Auto Rental Collision Damage Waiver. This benefit provides reimbursement (up to the actual cash value of the vehicle) for damage due to collision or theft when you rent a car using your card.

This benefit can save you a lot of money if you rent cars often or if you’re planning a road trip.

8.No Foreign Transaction Fees

If you travel internationally often, the Amazon Rewards Card is a great option because it has no foreign purchases fee. This means that you won’t be charged a fee when you make purchases in foreign currencies.

This can save you a lot of money if you travel often or if you make a lot of online purchases from international retailers.

9. Purchase Protection

When you use your Amazon Card to make a purchase, you’re automatically covered by Purchase Protection. This means that if your purchase is damaged or stolen within 120 days of purchase, you can be reimbursed up to $500 per claim and $50,000 per account.

So whether you’re buying a new television or a pair of shoes, you can rest assured knowing that your purchase is protected.


>>Read More: how to pay amazon credit card


Why shouldn’t you apply for Amazon Rewards Visa Signature Card?

Even though the amazon rewards visa card comes with a lot of great benefits, there are a few reasons why you might not want to apply for it.

Let’s take a look at some of the cons of this card:

1. No Intro APR

If you’re looking for a card with an introductory APR period, the Amazon Card is not the right choice for you. There is no intro APR period on this card, which means that you’ll start accruing interest on your balance from day one.

This can be a problem if you’re planning on carrying a balance on your card.

2. High-Interest rate

The Amazon Rewards Visa Signature Card has a variable APR of 16.49%–24.49%. This is one of the highest interest rates on a rewards credit card. So if you’re planning on carrying a balance on your card, you’ll end up paying a lot in interest.

3. You will earn 3% back on purchases from US Amazon sites only.

The Amazon Rewards credit Card is a great option for people who frequently shop on Amazon. However, if you don’t shop on Amazon often, you might not be able to maximize the rewards that this card offers. That’s because you’ll earn rewards points only when you make purchases from US Amazon sites.

So if you live in a different country or if you frequently shop at other retailers, you might be better off with a different rewards card.


Alternative Credit Cards

If you’re not sure if the Amazon Rewards Visa Signature Card is right for you, here are a few alternative credit cards to consider:

Amazon Rewards Visa Signature Card Alternative
Amazon Rewards Visa Signature Card Alternative

Amazon Prime Rewards Visa Signature Card

The Amazon Rewards credit Card and the Amazon Prime Rewards Visa Signature Card are both great choices for those who frequently shop on Amazon.com.

The Amazon Prime Rewards Visa Card offers 5% cash back in rewards at Amazon.com and Whole Foods Market, while the Rewards Card offers 3% cash back in rewards at Amazon.com and 2% cash back at restaurants, gas stations, and drugstores.

However, you should be eligible prime membership to qualify for the Amazon Prime Rewards Visa Signature Card. So if you have amazon prime, this might be the better option for you.

Blue Cash Everyday Card from American Express

The Amazon Rewards Visa Signature Card and the Blue Cash Everyday Card from American Express are both great options for no annual fee credit cards. They offer different rewards structures, so let’s break them down:

The Amazon Rewards Visa Signature Card provides 3% cash back on purchases made at Amazon.com and Whole Foods Market, 2% cash back on purchases made at drugstores, gas stations, and restaurants, and 1% cash back on all other purchases. Prime members can apply for the Amazon Prime Rewards Visa Card which provides 5% cash back on purchases made at Amazon.com and Whole Foods Market.

The Blue Cash Everyday Card from American Express offers 3% cash back at U.S supermarkets (for up to $6,000 annually) and US gas stations (on up to $6,000 per year), as well as 1% cash back on all other purchases.

So if you’re looking for a card with great cash back rewards at supermarkets and gas stations, the Blue Cash Everyday Card from American Express is a better choice. However, if you frequently shop on Amazon.com, the Amazon Rewards Visa Signature Card is the better option.

At the end of the day, it all comes down to what type of spender you are and where you spend most of your money. Be sure to do your research before applying for any credit card.

Chase Freedom Flex

The Amazon Rewards Visa Signature Card and the Chase Freedom Flex card are both excellent options for no annual fee credit cards. They offer different reward structures, so it can be tough to decide which is the better option for you.

The Amazon Rewards Visa Signature Card offers 3% back at Amazon.com and Whole Foods Market, 2% at drugstores, gas stations, and restaurants, and 1% on all other purchases. Customers with an eligible Amazon Prime membership can get the Amazon Prime Rewards Visa Card and earn 5% back at Amazon.com and Whole Foods Market.

Chase Freedom Flex cardholders can earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter after activating, 5% on travel purchased through Ultimate Rewards, 3% on dining and drugstores, and 1%.on all other purchases. This makes the Chase Freedom Flex a potentially better option for spending in categories like dining and travel.

So, which card is better for you? It all comes down to how you spend your money. If you frequently shop on Amazon.com, the Amazon Rewards Visa Signature Card is a great option.

However, if you spend more in categories like dining and travel, the Chase Freedom Flex might be a better fit for you.


What is the difference between Amazon Rewards Visa Signature Card and Amazon Prime Rewards Visa Signature Card?

The Amazon Prime Rewards Visa Signature Card offers more rewards than the Amazon Rewards Visa Signature Card on purchases on amazon.com. With the Amazon Prime Rewards Visa Signature Card, you can earn 5% cash back on purchases at Amazon.com and Whole Foods Market.

You also earn two percent cash back at restaurants, gas stations, and drugstores. The Amazon Rewards Visa Signature Card only offers three percent cash back on purchases at Amazon.com and Whole Foods Market.

To qualify for the Amazon Prime Rewards Visa Signature Card, you must have an eligible Amazon Prime membership. If you do not have Amazon Prime, the Amazon Rewards Visa Signature Card is a better option for you.


How to redeem your rewards Points

Now that we’ve gone over some of the best alternatives to the Amazon Rewards Visa Signature Card, let’s talk about how to redeem your Amazon rewards points.

Amazon Rewards points can be redeemed for cash back as a statement credit or bank deposit, toward Amazon purchases, gift cards from various merchants, or to book travel.

Most consumers will have the most flexible redemption options by choosing either a statement credit or bank deposit for their rewards (both of which have no minimum redemption amount).

If you would like to use your points to make Amazon purchases, select ‘Apply to Your Balance’ at checkout on Amazon.com. Please note that using your points in this way means that you will not earn the cash back that you would normally get by using your card to pay for Amazon purchases. Gift cards start at 2,500 points ($25) and travel bookings can be made through Chase’s phone travel agency.

As you can see, there are plenty of options when it comes to redeeming your Amazon rewards points. Be sure to choose the option that makes the most sense for you and will allow you to get the most value out of your points.


What credit score do you need for the Amazon Rewards Visa Signature Card?

If you’re wondering what credit score you need to qualify for the Amazon Rewards Visa Signature Card, you’re not alone. This is a common question among consumers who are interested in this popular rewards credit card. The short answer is that you’ll need a credit score in the fair-to-good range to be approved for this card. Specifically, the suggested FICO® Score to apply is 670 or above.

However, it’s possible to get approved with a lower score. That said, if you have too many recent credit inquiries or you’ve opened too many new credit cards in the past two years, you may be declined for this card due to chase bank 5/24 rule.

So, if you’re hoping to earn Amazon rewards points with this card, be sure to check your credit score and credit history before you apply.


Conclusion: Is the amazon rewards visa signature card worth it?

Amazon Rewards Visa Signature Card Review 2022: Is It Worth It?
Amazon Rewards Visa Signature Card Review 2022 Is It Worth It

The Amazon Rewards Visa is a good option for people who shop on Amazon occasionally and are not Amazon Prime members. If you’re an infrequent Amazon shopper, the 3% cash back on amazon offer is hard to beat. However, if you are an Amazon Prime member, the Amazon Prime Rewards Visa card offers 5% back on all purchases made atAmazon.com, as well as other benefits like no foreign transaction fees and travel protection. So unless you’re only shopping on Amazon for a few items each year, I would recommend signing up for the Amazon Prime Rewards Visa Signature Card instead.

Editor's Rating:
3.6

Pros

  • No foreign transaction fee
  • You can get 3% back on every purchase you make at Amazon and Whole Foods with this card.
  • Visa Signature benefits

Cons

  • No intro APR offer
  • 3% back excludes non-US Amazon sites
  • Interest rates may be high, based on your credit history.
  • High balance transfer fee

Let me know in the comments which card you decided to go with – I’d love to hear from you!

Leave a Comment