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Amazon Prime Rewards Visa Signature Card: Should You Get It?

Opinions, analyses, reviews, or recommendations expressed here are the author’s alone, and have not been reviewed or endorsed by the issuer. We may be compensated through the issuer’s Affiliate Program. For a full list of our advertisers, including American Express, see our disclosure page.

Image of Amazon Prime Rewards Visa Signature Card
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"A great credit card for those with Amazon Prime membership."

Contents

The Amazon Prime Rewards Visa Signature Card is a fantastic card for die-hard Amazon shoppers. The 5% rewards rate on Amazon purchases and the $70 gift card you get once approved are both great rewards that are tough to beat by any other offer currently on the market. Keep in mind that it’s probably not worth it for you to sign up for Amazon Prime just to get the Amazon Prime Rewards Visa Signature Card. For non-prime members, the Amazon.com Rewards Visa Card remains a very strong option.

Note: Don't confuse this card with the Amazon Prime Store credit card issued by Synchrony bank. While that card also provides 5% back at Amazon.com, it cannot be used anywhere else since it is not a part of any credit card network -- like Visa or Mastercard. Between the two, the Amazon Prime Rewards Visa Signature Card is much better because it provides you with more ways to save money, such as being used at gas stations or restaurants for 2% back.

This card is good for...

  • Those who want unlimited 5% back on Amazon.com purchases all-year-round
  • Anyone who wants a solid rewards card for gas station, restaurant and drugstore purchases

This card is bad for...

  • People who don’t already have Amazon Prime

Review: Our Thoughts on the Amazon Prime Rewards Visa Signature Card

The Amazon Prime Rewards Visa Signature Card is a very good card for any Amazon.com Prime member. The 5% rewards rate can’t be beat by any other card currently out there. While some credit cards, like the Chase Freedom®, also offer a 5% cash back rate on Amazon.com from time to time, they are usually capped at $1,500 in spending and only offered for a limited period of time. Anyone who shops frequently on Amazon.com throughout the year should get this card.

A graph comparing the rewards rate of the Amazon Prime Rewards Credit Card to other offers.

The Chase Freedom® offers 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you. Sometimes these categories may include Amazon.com, though it's not guaranteed.

This credit card also comes with solid rewards on other categories. The 2% rewards rate the Amazon Prime Rewards Visa Signature Card provides at gas stations, restaurants and drugstores makes it a solid everyday card that you will want to keep in your wallet. While there are other cash back credit cards that can serve these purposes better, it’s a nice benefit to have on top of the high Amazon cash back rate.

If you don’t already have Amazon Prime you shouldn’t sign up for this card solely to get the 5% discount. Non-prime members can still get the Amazon.com Rewards Visa Card, that provides the same benefits as the Amazon Prime Rewards Visa Signature Card and a 3% rewards rate at Amazon.com. You’d have to spend close to $5,000 every year at the online retailer for the 66% bump in rewards to be worth paying $99. You can see how we arrived at this figure below.

Bottom Line: If you have Amazon Prime, the Amazon Prime Rewards Visa Signature Card is a good card to have. The 5% rewards rate it gives for your online shopping is unparalleled.

Amazon Prime Rewards Visa Signature Card Benefits & Features

The Amazon Prime Rewards Visa Signature Card provides users with 5% back at Amazon.com, 2% back on gas station, restaurant and drugstore purchases, and 1% back everywhere else. The rewards are earned in the form of points which you can then redeem for statement credit. For example, 5,000 points erases $50 off purchases on your card. These purchases can be anything – they don’t have to bee things you bought on Amazon.com.

Image of Amazon Prime Rewards Visa Signature Card
Annual Fee No Annual Fee
Purchase APR 14.74% to 22.74% Variable
Card Details
  • Exclusively for customers with an eligible Prime membership
  • $70 Amazon.com Gift Card instantly upon credit card approval
  • 5% back at Amazon
  • 2% back at gas stations, restaurants and drugstores
  • 1% back on all other purchases
  • No foreign transaction fees

This credit card comes with one of the strongest bonuses around, as far as no-annual-fee credit cards are concerned. If you are approved, you are instantly granted a $70 Amazon gift card. Most other credit cards have welcome offers that require you to spend a certain amount of money on the card in a short period of time. With the Amazon Prime Rewards Visa Signature Card, you are rewarded simply for opening your account.

The Amazon Prime Rewards Visa Signature Card is only available to Amazon Prime members. As of the writing of this article, this membership costs $99 per year. Students can get a 6-month free trail, cutting the first year cost in half.

Is it Worth Signing Up for Amazon Prime Just to Get the Amazon Prime Rewards Visa Signature Card?

The answer depends on how much money you spend on Amazon purchases. To better answer this question, we treated the $99 prime membership like an annual fee. With the regular version of this card, you can get 3% back at Amazon.com at no cost. To make up the $99 deficit the Amazon Prime Rewards Visa Signature Card would put you in, you’d need to spend $4,950 annually at Amazon.

The Math: If you spend $4,950 at Amazon with the Amazon Prime Rewards Visa Signature Card you'd earn $247.50 in rewards. Using the Amazon.com Rewards Visa Card you'd get just $148.50. The difference between the two is $99 -- equal to the "annual fee" of Amazon Prime.

This is an oversimplification since it doesn’t consider all the other benefits involved in Prime Membership. Users can stream movies and TV shows for free online as well as enjoy free 2-day shipping. All these features add to the overall value.

However, if all you’re interested is the 5% discount, then you need to meet the $4,950 threshold for the card to make sense for you.

How Does the Amazon Prime Rewards Visa Signature Card Compare to Other Credit Cards?

The best measure for a card’s value comes from comparing it against other available offers. We took a look at how the features of the Amazon Prime Rewards Visa Signature Card stack up against some of its competitors.

Amazon Prime Rewards Visa Signature Card vs Amazon.com Rewards Visa Card

The Amazon.com Rewards Visa Card is almost identical to the Amazon Prime Rewards Visa Signature Card. The main feature that differentiates the two is the amount of savings they give you on Amazon.com purchases. The first card gives you just 3%, while the latter provides 5%. Earning 5% is clearly better than 3%, so if you are someone with the Amazon.com Rewards Visa Card we strongly urge you to upgrade your account if you already have a Prime account. If you have no interest in Amazon Prime but still want the Amazon Prime Rewards Visa Signature Card, know that you’d need to spend $4,950 for the $99 membership to be justified by the 2-point difference in rewards.

Amazon Prime Rewards Visa Signature Card vs Chase Freedom®

The Chase Freedom® is an excellent cash back credit card that gives its users 5% back on up to the first $1,500 in purchases in categories that rotate each quarter. All other spending earns just 1% cash back. The Chase Freedom® works fantastically for whom the 5% bonus calendar lines up with their personal expenses. While the categories change each year, we typically see Amazon.com be included during the later half of the year. Therefore, if you are fine with earning 5% back on Amazon.com during just a few months out of the year, the Chase Freedom® may be a better option than the Amazon Prime Rewards Visa Signature Card. While the latter locks you into rigid categories, the Chase Freedom®’s rotating calendar may provide more flexibility. If you prefer a more predictable reward structure where the categories never change, the Amazon Prime Rewards Visa Signature Card is the better choice.

Amazon Prime Rewards Visa Signature Card vs Citi® Double Cash Card - 18 month BT offer

The Citi® Double Cash Card - 18 month BT offer is one of the few credit cards to provide a 1% back on all purchases, and then another 1% when those purchases are paid off. This applies regardless of where you shop. That means you can get a high rewards rate at Amazon.com or when buying movie tickets. Keep in mind that this card is only effective if you are always paying off your purchases in full at the end of the month. While the Citi® Double Cash Card - 18 month BT offer doesn’t give you the same 5% reward on Amazon purchases that you can get with the Amazon Prime Rewards Visa Signature Card, it’s very strong when it comes to other purchases. If Amazon.com makes up 25% or more of your total annual purchases, the Amazon Prime Rewards Visa Signature Card is the better deal. However, if your spending is more varied, go with the Citi® Double Cash Card - 18 month BT offer instead.

Comments and Questions

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How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.