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Opening and using the Amazon Prime Rewards credit card on Prime Day can make the deals even sweeter.
BRENDAN MCDERMID/Reuters
The Amazon Prime Rewards Visa Signature Card is offering an elevated bonus in honor of Prime Day.
New cardholders can earn a Amazon Prime Rewards Visa Signature Card for a limited time.
Cardholders can earn 6% back at Amazon on Prime Day, but you need to be a Prime member to qualify.
Read Insider’s guide to the best rewards credit cards.
This year’s Amazon Prime Day is happening July 12 and 13, and if you’re looking for a way to get an even better deal on your shopping, it’s a great time to consider the Amazon Prime Rewards Visa Signature Card .
For a limited time, the card is offering a Amazon Prime Rewards Visa Signature Card . Previously, the welcome offer included a $100 Amazon gift card, so this is double the usual bonus. And because you receive the gift card instantly when you’re approved, opening the card is a terrific way to save on your Prime Day purchases.
Cardholders with an eligible Amazon Prime Membership can earn 6% back on Amazon purchases on Prime Day, and otherwise earn:
10% back or more on select products (limited-time offer)5% cash back at Amazon and Whole Foods (requires a Prime Membership and that your card is loaded to your eligible Amazon account; otherwise earn 3% back on these purchases)2% cash back at restaurants, gas stations, and drugstores1% cash back on everything else
If you’re a frequent Amazon or Whole Foods shopper, you can earn a ton of cash back by opening and using the Amazon Prime Rewards Visa Signature Card . That said, if your typical expenses are mostly in other categories, a different cash-back card could be a better choice for you overall. Here’s what to know to help you decide if it’s worth applying.
We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.
Amazon Prime Rewards card: Earn a $200 Amazon gift card
Until July 29, 2022, new Amazon Prime Rewards Visa Signature Card cardholders can earn a Amazon Prime Rewards Visa Signature Card . This is one of the easiest credit card welcome bonus offers to earn, because it doesn’t have a minimum spending requirement, and you receive your bonus immediately after you’re approved.
The Amazon Prime Rewards Visa Signature Card has no annual fee and doesn’t add foreign transaction fees, but to qualify you’ll need an Amazon Prime Membership, which normally costs $139 per year.
Because the Amazon Prime Rewards Visa Signature Card is a Visa Signature card, it comes with a solid range of purchase protections and travel insurance. Cardholders receive:
Secondary car rental insuranceBaggage delay insuranceLost luggage reimbursementTravel accident insuranceExtended warrantyPurchase protectionTravel and emergency assistanceRoadside dispatchAccess to Visa Signature Luxury Hotel CollectionVisa Signature Concierge CardholdersNo foreign transaction fees
In addition, the card offers an option to save on interest if you’re making big Amazon purchases. At checkout, instead of earning cash back, cardholders can choose to pay for an Amazon purchase of $50 or more in equal monthly payments (from six to 18 months) with a 0% APR (then a Amazon Prime Rewards Visa Signature Card ).
Monthly payment plans are available as follows:
Purchases of $50 or more: Six equal monthly paymentsPurchases of $250 or more: 12 equal monthly paymentsPurchases of $500 or more: 18 equal monthly payments
While you won’t earn rewards if you take advantage of the 0% APR offer, it’s useful if you’re making a big purchase you can’t pay off all at once and want to avoid high interest charges. While the full transaction is charged to your card at the time of purchase, you’ll be responsible for the monthly payment amount which appears on each statement for the duration of your payment plan.
Alternatives to the Amazon Prime Rewards card
If you shop at Amazon and/or Whole Foods now and then but don’t think you spend enough to justify opening the Amazon Prime Rewards Visa Signature Card , there are a few other options to consider that can help you get the most return from your shopping. You can find a full list in our guide to the best credit cards for Amazon.
For example, you might consider a that earns a flat rate of cash rewards on all of your spending. The Wells Fargo Active Cash® Card is a great pick, earning 2% cash rewards on purchases, and it comes with a good welcome bonus offer too: Wells Fargo Active Cash® Card. Here’s our Wells Fargo Active Cash review with all the details.
Alternately, a card like the Bank of America® Customized Cash Rewards Credit Card might be a better choice if you tend to do a lot of online shopping in general. It allows you to choose one 3% cash-back category from a list that includes online shopping, gas, dining, travel, drug stores, and home improvement/furnishings.
Cardholders earn 3% cash back in the category they pick, as well as 2% back at grocery stores and wholesale clubs, on up to $2,500 in combined spending each quarter (then 1%). Read our Bank of America Customized Cash Rewards review to find out more.