Through Chase Bank, the new Amazon credit card is out of this world. Their recent announcement made many highlights, and with all the incredible benefits that this card has to offer, it is ideal for those with a Prime membership. In other words, it pays for the $99 annual membership fee for Amazon Prime. It is called, drumroll please, the Prime Rewards Vise Signature Card. Here is all the information you need to know about this new Amazon credit card.
When you have this card, you are given multiple benefits that only Amazon Prime Rewards cardholders can receive. Here are some of the amazing benefits you could get too.
If you have a Prime membership that is eligible, you could have up to 5-percent back on every purchase you make on Amazon. You can even save up those rewards points and pay for future purchases on the website. However, there’s no need to worry if you don’t have Prime either. Those without the Amazon service will get 3-percent back on all Amazon purchases.
Just like any other credit card, this card will earn you 2-percent back on drugstore purchases, gas station purchases, and restaurant purchases, which can be useful, especially if you pay your bill off each month. Everywhere else, you can earn 1-percent back on other purchases.
One the coolest benefits is the $50 Amazon gift card that you receive as soon as you are approved for the card. This means that you get an incredible credit card plus $50 to spend on Amazon for free just because you were approved.
There is no annual fee for this card either, and the APR is based off your credit score with a number between 15.24-percent and 23.24-percent.
Not everyone who signs up for this card is eligible for the 5-percent back on all Amazon purchases. If you are wondering whether you would be eligible, here is the information you need to know.
There are no invited guests that can use the 5-percent back. This means that anyone who is on a Prime membership through a family member will not receive the 5-percent back. They will, however, receive the 3-percent back that non-Prime members receive with this card.
Those who have Amazon Prime through the Amazon Prime Fresh, Amazon Prime Trial membership, Amazon Family, or Amazon Prime Student can take advantage of the incredible 5-percent back that this Amazon Prime Rewards card offers to its cardholders. There are multiple ways that you can take advantage of this incredible benefit from Amazon through their new credit card.
There is another amazing bonus feature that this card holds for its users is the ability to help pay for the Amazon Prime membership fee. You might be wondering how that could work. Well, here’s what you need to know. Through the 5-percent back rewards from the card, you could earn enough in rewards to pay your annual $99 fee. How? By making a certain amount of purchases each month with the card.
Using this method, you would need to purchase at least $165 each month to have enough in rewards to pay your annual $99 fee. If you already purchased this much from Amazon every month, then you do not need to worry. If not, you still will be earning rewards to put toward your annual fee or even just other purchases from Amazon.
If you are an avid Amazon user, then this new Amazon Prime Rewards Visa Signature Card is the perfect addition to your wallet. With the amazing benefits and 5-percent back for Prime members, you could earn enough rewards points to even pay for your annual $99 Prime membership. There is no annual fee for this card either, and most every Prime member, excluding those using a family member’s membership, is eligible for the 5-percent back.
When considering everything this card has to offer, there is no doubt that the Amazon Prime Rewards Visa Signature Card is ideal for all sorts of Amazon users, with or without a Prime membership. It has great rewards and great options, and it might even help you save money in the long run.
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