Amazon’s online marketplace is famous for its low prices and wide selection of goods. Amazon Chase is their latest endeavor into the realm of online banking offered by Chase and Amazon. With Amazon Chase, you can pay bills, transfer money between your bank and your Amazon account, and buy things at a discount.
One way that you can save money is by using Amazon rewards credit cards. There are several to choose from, and they offer various rewards that vary by spending habits. If you have Amazon Prime, this is a great way to get more out of it since the Amazon Rewards Visa card offers 3% back on Amazon purchases. In addition to its great reward rates, there’s no annual fee for the card. Its standard reward rate is 1% on every purchase.
However, it also offers a 2% reward rate at gas stations, restaurants, and drugstores. This credit card is also a sign-up bonus. It also has some perks that could prove helpful when shopping on Amazon. You get access to special offers and discounts from Amazon, including a $50 Amazon gift card upon the approval of your credit card.
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How to apply for Amazon Chase
To apply, you can head over to the Amazon rewards credit card website. There is no fee to use, and if you are accepted, you will receive a Amazon gift card. The credit score needed for approval ranges from fair to excellent. To qualify, you must be at least 18 years of age, a legal U.S. resident, and have an active Amazon account. You’ll also need enough income to make monthly payments. Amazon rewards credit card is issued by Chase Bank USA, N.A., which determines eligibility for credit and eligibility to open a credit card account.
Maximizing Rewards from Amazon Chase
You can maximize your rewards rate by using promo codes on Amazon. These special codes allow you to earn extra rewards points when using your card. The terms and conditions apply, but you can earn around 2% more rewards for every dollar spent at Amazon through these promotional codes.
You can also use Amazon gift cards to increase the value of your purchase. Most of the time, this will mean you’ll have to pay a refund fee, but there are a few exceptions. For example, some gift cards do not carry a cost to refund the balance.
Best Features of the Amazon Rewards Visa Card
The Amazon rewards credit card has several features that make it stand out from the competition. These include:
Amazon offers lower interest rates when compared to most other credit cards, with a purchase rate of 14.24% – 22.24% and an APR of 12.74%. Late and Returned Payment Fees These can be costly, but few cards have early pay discounts like the Amazon rewards credit card, which waives the returned payment fee provided that you pay your bill on time. Rewards Rate The Amazon rewards credit card offers a highly generous reward rate of 1% on every purchase.
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No Annual Fee
The Amazon rewards credit card has a low annual fee of $0. The APR on this card is considered fair, and the interest rates are also standard, making it a good choice. If you decide to carry a balance from your Amazon credit card, it will also offset the annual fee.
The extended warranty of up to one year is also a bonus benefit that is often found on other credit cards but not on the Amazon rewards card. It is an excellent way to protect your purchase from high-priced accidental damages or other unexpected incidents.
Amazon rewards credit card offers a generous rewards rate of 2% on gas, restaurants, and drugstores. This rate can be increased to 3% when shopping at Amazon.com and Whole Foods Market locations. This card also has an easy-to-earn 1% rewards rate on every purchase.
Visa Signature Benefits
In addition to the generous rewards rate, Amazon Chase comes with Visa Signature benefits. There are no foreign transaction fees, and the card’s purchase security deposit covers your purchases. You will also enjoy increased travel protections and extended warranties on purchases.
Who Is It For?
Amazon Chase is a Visa Signature card, which means you are eligible for a card with no annual fee and no balance transfer fee. It makes Amazon chase an excellent option for anyone who regularly spends on Amazon. Its generous rewards rate, Visa Signature benefits, and easy application process make it a good fit for anyone looking to save money on their shopping bill.
Who Shouldn’t Get It?
You may not want to get the Amazon rewards credit card if you don’t spend much at Amazon. You also won’t want to get this credit card if you don’t plan on spending much money on gas, restaurants, and drugstores. The 2% rewards rate in these categories is not very high, so better options exist.
How Does It Compare?
The Amazon rewards credit card compares well against other cards such as Chase Freedom, which offers a modest reward rate of 1% on purchases. However, the Amazon rewards credit card has a more excellent value when you consider that it requires no annual fee.
The Amazon rewards credit card also competes with similar cards such as the Chase Ink Bold (1%) and the Chase Sapphire Preferred (1.25%). The big difference with the Amazon rewards credit card is that you don’t need to spend a lot of money to earn more rewards, making it an appealing choice for anyone who only shops at Amazon once or twice a year.
The Amazon rewards credit card is an excellent choice for Amazon shoppers. It offers generous rewards on gas, restaurants, and drugstores, which makes it an exciting option for anyone who regularly spends at these stores. The Visa Signature benefits are worth mentioning as this card offers many perks other cards do not.