Amazon Prime Visa Card Review: Full Details
Overview of Prime Visa card
by Amazon Premium Visa is a solid earnings company, with 5% returns on Amazon.com, Whole Foods Market and Chase Travel℠ purchases, 2% returns on restaurant, gas station and commute purchases and cash back 1% on everything else, making it a serious contender for big spenders on Amazon and its brands. Another benefit? This card has no annual fee. We recommend one credit score from 670* or more. Card rating**: ⭐⭐⭐½
**Card review based on the opinions of the TPG editorial board and not influenced by the card issuer.
Most of the time, we recommend speaking “no thanks” when the cashier (or online pop-up) asks if you want to apply for a store credit card at checkout. The discount you receive on your purchase is rarely worth it sign up bonus Other card offerings and most store cards have disappointing earning structures.
But there are some exceptions to that rule – and Premium Visa is one of them.
The Prime Visa is worth considering if you spend a lot of your budget at Amazon or Whole Foods and want the best return on those purchases. It earns 5% back on Amazon and Whole Foods purchases, a solid return for a card with no annual fee.
But of course, it’s not the best card for everyone. Here’s what you need to know to decide if the Prime Visa deserves a place in your wallet.
Pros and cons of Prime Visa
| Advantage | Disadvantages |
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Prime Visa welcome offer
Currently, Premium Visa offers a $150 Amazon gift card instantly upon approval exclusively for Prime members.
When you consider that this is a card with no annual fee, it’s a worthy welcome bonus – especially since you’ll receive the e-gift card immediately upon approval rather than having to meet spending requirements. spend to earn it.
You need one Premium member to get the Prime Visa, and since it’s a Chase card, you’ll want to get involved 5/24 to increase your chances of approval.
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Related: Best credit cards for Amazon purchases
Benefits of Prime Visa
We usually don’t expect many benefits from a card with no annual fee, but Premium Visa There are some surprising perks.
As a cardholder, you’ll receive extended warranty protection***, purchase protection***, travel accident insurance**** and lost or delayed baggage insurance* ***. Additionally, Prime Visa does not charge foreign transaction fees.
It seems like we hear a new horror story about someone’s lost luggage every day, so having luggage protection in addition to earning rewards when purchasing Apple AirTags through Amazon is a huge benefit. .
With this card, you’ll get 10% back on rotating selections of items and categories. Finally, cardholders often have access to early Prime Day deals and can earn enhanced rewards during these sales events.
***Insurance benefits are guaranteed by North American Indemnity Insurance Company (“Provider”). Coverage may not be available in all states or certain terms may vary if required by state law. To learn more, please visit https://www.chasebenefits.com/visasignatureVW1.
****Insurance benefits are guaranteed by the Federal Insurance Company. Coverage may not be available in all states or certain terms may be
vary when required by state law. To learn more, please visit https://www.chasebenefits.com/visasignatureVW1.
Related: What to do when the airline loses your luggage
Earn cash back from Prime Visa
the Premium Visa Earn 5% back on Amazon.com, Amazon Fresh, Whole Foods Market and Chasing travel purchase. It also earns 2% back at gas stations, restaurants and local transportation (including ride-hailing services) and 1% on all other purchases.
No other card consistently offers such high returns on Amazon purchases, so this earning structure is great for anyone who spends the majority of their budget at Amazon and Whole Foods. If you only want to use one card, the additional 2% cash back categories are good for everyday spending.
However, you can get higher income rates above gas station, restaurant, travel And General shopping with other cards, so Prime Visa works best as just one part of a larger card strategy.
Related: Credit cards with the best rewards for each bonus type
Redeem your refund on Prime Visa
One of the best things about Prime Visa is the ease of redeeming rewards. You’ll see your rewards on the Amazon checkout screen and can use them to pay for some or all of your purchase at Amazon.com.
Additionally, you can redeem your rewards for cash, gift cards, or travel through Chase Travel. No matter which redemption option you choose, you’ll receive a value of one cent per point.
Other cards let you use your rewards to pay for Amazon purchases, but we only recommend this route if you have a Prime Visa.
For example, Chase Ultimate Rewards points are worth 2.05 cents each according to TPG’s October 2024 valuationbut you’ll get less than 1 cent per point if you use those points to pay for purchases on Amazon.com. On the other hand, each of your Prime Visa rewards is worth the same penny whether you choose to use them to pay for Amazon purchases, get cash back, or book travel through Chase Travel.
Related: How to get maximum value from your Chase Ultimate Rewards
Which cards compete with Prime Visa?
If you don’t have a Prime membership or don’t spend much of your budget at Amazon or Whole Foods, one of these cards may be a better choice for you:
For more options, see our list best cash back credit cards And best store credit card.
Related: Store and cashback credit cards: Which card should I buy?
Is the Prime Visa worth it?
If you already have a Prime membership and want to earn cash back rewards, Premium Visa is a good card to start with or add to your existing portfolio. However, if you don’t have a Prime membership or are focused on making money travel rewardsyou’ll likely get more value from another card.
Related: Cash back vs. travel rewards: How to choose a credit card
Bottom line
With an unbeatable 5% profit margin on Amazon and Whole Foods purchases and a simple redemption system, Premium Visa It’s great for those who like the ease of using a no-annual-fee credit card to earn cash back while earning more elaborate travel rewards.
But if you’re planning on using points and miles for your next big trip, you’ll want to use a card that earns travel rewards on Amazon purchases instead. No matter which route you choose, you can’t go wrong with a card that earns rewards every time you click “Buy Now” in your Amazon cart.
Register here: Premium Visa
For rates and fees on the Blue Cash Everyday card, click This.
