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Amazon Prime Rewards Visa Signature card review

Amazon Prime Rewards Visa Signature card review

Published: December 14, 2018
Published: December 14, 2018
Ratings Policy
Cash Back Rating:
3.5 rating
3.5 rating
3.5 / 5
Rewards Value: 2.7
Annual Percentage Rate: 2.4
Rewards Flexibility: 4.7
Features: 3.0

In a Nutshell:

The Amazon Prime Rewards Visa Signature card offers a great 5 percent rate on Amazon purchases, but Prime membership requires a high $119 fee, and Amazon points lack versatility.

View similar rewards credit cards

Rewards Rate

  • 5% back on and Whole Foods purchases
  • 2% back on restaurant, gas station and drug store purchases
  • 1% back on other purchases

Sign-up Bonus
$70 gift card when you sign up

Annual Bonus

Annual Fee
$0 ($119 Amazon Prime membership required)

Average Yearly Rewards Value ($1,325 monthly spend)

16.24-24.24% (variable)

Rewards Redemption

  • Points don’t expire
  • No limits on how much cash back you can earn
  • Redeem your points instantly for purchases or as a statement credit on your credit card bill
  • Many other rewards options, including gift cards and travel
  • No minimum required to redeem your points on (2,000 points required for cash back redemptions)


  • No options to transfer rewards points
  • You can only link your card to one Amazon Prime account to earn 5% rate

Other Notable Features: Car rental insurance, roadside dispatch, purchase protection, extended warranty, baggage delay insurance, lost baggage insurance, Visa Signature luxury hotel collection, Visa Signature concierge, no foreign transaction fees

Amazon Prime Rewards Visa Signature Card Review: More Details

The Amazon Prime Visa Signature card comes with a head-turning number: 5 percent on Amazon purchases. The Amazon Prime Visa Signature card has many of the same features as its predecessor – the Amazon Rewards Visa Signature card – and it improves on the regular Amazon Rewards card by offering an unlimited 5 percent rewards rate on purchases.

For current Amazon Prime subscribers, the new Prime card is worth the hoopla. Besides the fact that you will have a shiny, metal card to show off (yes, the Amazon Prime card is made of metal), the card comes with some useful purchase and travel protections, and, of course, a higher rewards rate. However, you’ll need to shell out $119 for Amazon Prime membership just to obtain the card.

Note: Amazon Prime membership on its own comes with very valuable benefits, including free two-day shipping and Amazon Video. If you aren’t currently an Amazon Prime member, we recommend looking in to the full list of benefits to see whether Prime Membership — and, by extension, the Amazon Prime card —  make sense for you. While you can get far more than $119 worth of value out of Prime membership, the service doesn’t necessarily make sense for every cardholder. (Learn more in our article, “Is Amazon Prime worth it?”)

Good rewards for Amazon Prime members

The unlimited 5 percent return on Amazon purchases is the best thing the card has to offer. While there are competing cards that also offer a 5 percent rewards rate on Amazon purchases, they come with seasonal restrictions and limit the 5 percent rate to the first $1,500 in purchases.

For someone who already subscribes to Amazon Prime, an unlimited 5 percent bonus is mere icing on the cake. However, for a general cardholder, the rewards program fizzles. Our research shows that most consumers don’t allocate a large percentage of their budgets to Amazon purchases and – while the card does offer a 2 percent bonus on lucrative categories such as restaurant, gas station and drugstore purchases – this isn’t enough to recommend the Prime card above cash back cards that offer general rewards rates of 1.5 percent or more.

Even when you factor in the $70 gift card that Amazon offers to new cardholders, the $119 fee for Amazon Prime membership takes a big chunk out of your potential rewards earnings. If you spend less than $1,500 on Amazon purchases each year, you may be better off applying for an alternative rotating rewards card that offers 5 percent earnings on Amazon purchases and pairing it with a cash back card that offers a 1.5 to 2 cash back rate on everyday spending.

Easy rewards redemption

Amazon aims to make sign-up for the Amazon Prime card and rewards redemption as seamless as possible. Current members of Amazon Prime with an Amazon Rewards Visa Signature card will be automatically upgraded to the new card. While you are waiting to receive your new Amazon Prime card in the mail, you can log in and link your current Visa Signature card to your account to start receiving the 5 percent bonus. Once the card is linked to your Amazon Prime account, choose the card as your payment option, input the number of points you want to use, and Amazon will instantly apply them to your purchase. You can also earn cash back by applying the points as statement credits or depositing them into a checking or savings account at the rate of 1 cent per point.

Unfortunately, although this is a Chase card, there are no options to transfer points to other Chase cards. Also, points can be applied only to one Amazon Prime account. Cardholders searching for a card with more versatile points would be better off checking out Chase’s line of Ultimate Rewards cards.

Though Chase has made the sign-up process easy for current cardholders, this comes with a major drawback: Cardholders who currently own an Amazon Visa Signature card will not qualify for the $70 gift card that comes with the Amazon Prime card.

Missing purchase protections

There are other advantages to putting your Amazon purchases on your Prime card. The card helps protect your purchases with some good benefits, including extended warranty and purchase protection. That said, the card is conspicuously lacking a couple of common purchase protections. There is no return protection feature, which would refund a cardholder in case a merchant doesn’t accept a return. There is also no price protection feature, which means cardholders cannot use the card to search for lower prices on their Amazon purchases.

Good travel benefits

Since the card is a Visa Signature card, it comes with some plush travel benefits, including car rental insurance, insurance for lost and delayed luggage, and luxury hotel perks through Visa’s Signature Luxury hotel collection.

One great benefit is the card’s lack of a foreign transaction fee, which is a boon for foreign travelers and online shoppers alike. If you travel abroad and use the card, you don’t have to worry about racking up fees on foreign transactions. Likewise, if you frequently make purchases on foreign sites, you can use the card to avoid a 2 to 3 percent fee on your purchases.

Why get the Amazon Prime Rewards Visa Signature card?

  • You’re already an Amazon Prime member.
  • You shop frequently enough on Amazon to justify the cost of a $119 Amazon Prime membership.
  • You spend a lot on restaurant and gas purchases.
  • You’re a frequent traveler, who can take advantage of the card’s travel benefits, including the waived foreign transaction fees.
  • You often shop on foreign websites and would benefit from the lack of a foreign transaction fee for those purchases.

How to use the Amazon Prime Rewards Visa Signature card:

  • Sign up for an Amazon Prime membership to apply for the card.
  • Use this card for all your Amazon purchases to earn the 5 percent bonus rate and take advantage of the purchase protections.
  • Use your points at checkout on Amazon – you can instantly apply them with no minimum points required.
  • You can use this card when you travel in foreign countries or shop on foreign sites without racking up foreign transaction fees.

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