Find out what you’ll get having Amazon Prime Rewards Visa Signature Card
We used to say that we live in the digital era, where IT is one of the major industries. However, it will also be fair to note that IT is not the only industry that is booming now, and it is e-commerce we are talking about. Even ten years ago consumers didn’t use this option very often. Today, on the contrary, if you need to buy some items, the first thing that pops in mind is an online shop (or site). Moreover, this growth in online sales was also reinforced by such phenomena as online marketplaces. These e-commerce platforms offer products by third-party sellers (as well as their own), and usually, they cover a wide range of goods, so consumers can find most products they planned to buy.
Today, PaySpace Magazine would like to talk about one of these marketplaces, namely Amazon. Measured by market cap and revenue, Amazon is considered to be the world’s largest e-commerce marketplace. In September 2018, Amazon’s market cap exceeded $1T. The only company in the world that managed to reach this value before Amazon, was Apple (in 2018 as well). Moreover, in 2017, the founder, chairman, and CEO of Amazon, Jeff Bezos, officially became the world’s richest man, and in 2019, he is still #1 in the “World’s wealthiest people” list.
Apart from sales and special offers, Amazon frequently offers interesting deals and ideas, and Amazon Prime Rewards Visa Signature Card is one of them. Basically, Amazon offers different types of cards, but today we will focus on this very card.
What is Amazon Prime Rewards Visa Signature Card?
If you are a shopping fan, and used to buying from Amazon, then this card needs no introduction. In this case, you might not use it, but you’ve definitely heard about it. On the other hand, if you are not a die-hard Amazon shopper, then we hope it will be interesting and useful for you.
Amazon has offered different credit cards recently. Some of these cards are intended for small businesses, while other cards are designed for shoppers. The latter cards are more about special offers and rewards.
Basically, it is the card issued by Chase. It is considered, that the Amazon Prime Rewards Visa Signature Card is the best option for most Amazon clients. Going forward, we’d like to notice that the offer of 5 percent back on Amazon and Whole Foods purchases is the major advantage of this card. Nonetheless, the card offers really more, but we’ll get to that later. And as for disadvantages, probably the major one is that you have to be a Prime member to own this card, and membership costs $119 yearly.
So, this card really suits those who desire to have limitless 5% back on Amazon.com purchases. Moreover, the program includes fair rewards on gasoline, drugstore, and restaurant purchases. On the other hand, if you don’t use Amazon that much, and don’t participate in the Amazon Prime program, then the benefit of this card becomes quite a questionable issue.
Benefits & features of the card
As we’ve mentioned above, the card has 5% back at Amazon.com. What’s more, it provides customers with 2% back on gas station, restaurant and drugstore purchases, and 1% back everywhere else. Nonetheless, these rewards do not come in the form of money. Essentially, you receive points that can be spent the way you like. For instance, 4,000 points means you have $40 off (100 points convert into $1). The most amazing thing about this discount is that you are not limited just to Amazon.com. You can spend your bonus money wherever you want.
As we’ve also mentioned before, in addition to solid bonuses, this card comes with no annual fee. You become the eligible owner of the card as soon as the system approves you. Furthermore, you instantly get a $70 Amazon gift card. A lot of different credit cards require clients to spend a specified amount of money in order to get welcome bonuses/offers. Thus, it makes the Amazon Prime Rewards Visa Signature Card a fairly good deal.
Note: Since the Amazon Prime Rewards Visa Signature Card can be issued for Amazon Prime members only, let’s remember that the membership fee for Amazon Prime is $119 yearly (and $12.99 monthly). Students can get a generous price break, however.
Thus, let’s sum up what you can get with Amazon Prime Rewards Visa Signature Card:
- 5% back on Whole Foods and Amazon.com purchases (including your Prime membership fee)
- 2% back at restaurants, gas stations, and drugstores
- 1% back on every other purchase
- A $70 Amazon Gift Card when you’re approved for the card
The bottom line
First of all, if you are a hardcore Amazon shopper and don’t use this card, then you indeed miss on lots of rewards value. This is particularly true for Amazon Prime members. It is fairly hard to find any drawbacks when it comes to Amazon Prime membership and Amazon shopping.
On the other hand, there is no use in applying for this card if you don’t buy much from Amazon. But here’s the most important thing: there is really no sense in taking up Amazon Prime membership just in order to get this card.