If you’ve dove into the world of Amazon Prime, then you’re going to want to know about the Amazon Prime Rewards Visa Signature. You can get up to 5% cashback for eligible purchases on Amazon and Whole Foods.
You can also get 1% cashback on purchases beyond those two retailers. There are no foreign transaction fees with the card and you get a nice little signup bonus of a $100 Amazon gift card.
We suppose the best thing for Amazon and Whole Foods shoppers is that there is no cap on how much cashback you can get. You do need to know about other details like interest rates and we’ve got them up next.
Features of the Amazon Credit Card
The first thing to know about this credit card is that it’s only available for Amazon Prime members. Applicants need to subscribe to Prime first before getting their hands on this new credit card.
Its strong feature is undeniably the 5% cashback on all Amazon and Whole Foods purchases. There’s no limit to how much cashback a cardholder can earn, and if you’re relying on Amazon for food and supplies, the Signature Credit Card is a valuable option.
Rewards are also easy to redeem and can be used as a statement credit and for Amazon purchases. Cardholders can use this credit for travel and gift cards, however, you need to get in touch with Chase Bank to do these things.
Great news for frequent travelers, the Amazon Prime Rewards Visa Signature Credit Card charges no foreign transaction fees. This reduces the cost of paying for products and services outside the United States.
Another strong set of travel-related benefits includes travel and emergency assistance, lost luggage reimbursement, baggage delay, and travel accident insurance.
For restaurant reservations, and booking tickets, cardholders can access the Amazon Visa Signature Card Concierge. You can contact them at 1-800-953-7392.
Finally, you can get automatic room upgrades upon presenting the Amazon Prime Rewards card. Other benefits include free breakfast and late checkout whenever possible and available.
Application Process and Requirements
To apply, interested applicants can visit the Amazon website and look for the Prime Rewards Visa Signature card. Only Prime members are eligible for this credit card.
You must be 21 years of age and employed to get this card. Other standard requirements include government-issued identification cards, proof of income, and proof of residence.
Chase Bank administers the approval process on behalf of Amazon. Once you’ve filled in all the required details and hit send, you’ll find out almost instantaneously if you are approved for the card or not.
Interest Rates and Fees
The Amazon Prime Rewards Visa Signature Credit Card is a great card option if you are looking for a new credit card. However, you must consider the rates and fees that accompany this card, and they are listed below.
- Purchase APR: 14.24% – 22.24%
- Balance Transfer APR: 14.24 – 22.24%
- Cash Advance APR: 24.99%
- No Annual Fees – you need to have an Amazon Prime membership which is $119 annually
- Balance Transfer Fees: either $5 or 5%, whichever is greater
- Cash Advance Fees: either $10 or 5%, whichever is greater
- No Foreign Transaction Fees
Amazon and Chase Bank Contact Information
Amazon is headquartered at 410 Terry Ave. N, Seattle, Washington, United States. The company that issues Amazon’s credit card, Chase Bank, is headquartered at JPMorgan Chase Bank
1111 Polaris Parkway, Columbus, Ohio 43240
To reach Amazon Prime/Chase customer service you can use the following telephone number: 1-888-247-4080.
According to Forbes, “If you are an Amazon and/or Whole Foods loyalist, the Amazon Prime Rewards Visa Signature Card is a no-brainer.” That’s due to the nice amount of cashback you can get.
Now, if you’re not a regular with those two retailers then paying the $119 Amazon Prime membership fee might not make sense for you. There are plenty of cards out there, so take your time before you decide to apply for one.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.