Reviews Chase Amazon.com Rewards Visa card review
Chase Amazon.com Rewards Visa card review

Chase Amazon.com Rewards Visa card review

Published: February 14, 2017
Ratings Policy
Cash Back Rating:
2.7 rating
2.7 rating
2.7 / 5
Rewards Value: 1.3
Annual Percentage Rate: 1.4
Rewards Flexibility: 4.0
Features: 2.0

In a nutshell:

With a triple rewards rate on Amazon purchases and a double rate on gas, restaurant and drugstore purchases, the Amazon.com Rewards Visa card from Chase is a good value for Amazon prime members and other frequent Amazon.com shoppers.

Rewards Rate

  • 3% cash back on Amazon purchases
  • 2% cash back on gas, restaurant and drugstore purchases
  • 1% cash back on general purchases

Sign-Up Bonus
$50 Amazon.com gift card when you’re approved

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$223

APR
14.49-22.49% variable

Rewards Redemption
Pros

  • No limit on the amount of cash you can earn
  • Cash doesn’t expire
  • Rewards can be redeemed instantly through Amazon.com
  • Rewards can be redeemed for cash back, gift cards, travel or Amazon.com purchases

Cons

  • You can only withdraw cash in increments if you redeem cash through Chase.com

Other Notable Features: Extended warranty, purchase protection, baggage delay insurance, lost baggage insurance, Visa Signature concierge

If you frequently stock up on books, clothing, diapers, electronic goods or other household supplies on Amazon.com, you’ll have no trouble earnings a substantial amount of cash back with this user-friendly cash back card. The Amazon.com Rewards Visa card offers a solid amount of cash back on Amazon.com purchases and also gives cardholders an extra boost at restaurants, drug stores and gas stations.

If you’re not a heavy Amazon user, though, you won’t get nearly as much out of it. The Amazon card’s double rewards rate on everyday purchases such as gas and restaurant spending is helpful for cardholders who enjoy shopping on Amazon and don’t want a ton of cards crowding their wallet. However, you can almost certainly get more value out of everyday purchases with a different card.

Solid rewards for fans of Amazon.com
If you have an Amazon Prime membership and frequently use Amazon to stock up on household supplies – or if you’re a graduate student or parent who’s frequently ordering textbooks or other pricey supplies online – the triple rewards rate on the Amazon.com Rewards Visa is a great deal. You’ll receive 3 percent cash back on every purchase, which can add up quickly if you use your card regularly or use it to make some pricey purchases, such as furniture or electronics. And because the selection of available merchandise at Amazon.com is so huge, you won’t have trouble finding things to buy either. Cardholders can earn 3 percent cash back on everything from diapers to cleaning supplies to housewares and more, making it the perfect card for busy cardholders who use Amazon.com as a one-stop shop.

Mediocre rewards on everyday purchases
The Amazon.com Rewards Visa also gives an extra 2 percent cash back on restaurant, drug store and gas station purchases, which is a significant boost for cardholders who prefer to use the same card for all or most of their purchases. However, if you want to maximize your earnings on every purchase, you can get more cash back on those types of purchases through other cards. The Amazon.com Rewards Visa also awards just 1 percent cash back on general purchases, which is typical for a rewards card, but less generous than some competitors.

Lousy sign-up bonus
The most disappointing feature of the Amazon.com Rewards Visa, though, is its stingy sign-up bonus, which is well below average for a cash back card. New cardholders automatically earn a $50 Amazon.com gift card after they’re approved – which could go relatively far if you use it on deeply discounted products. However, most cash back cards give new cardholders a head start of at least $100 or more. 

A better APR than most
Like most rewards credit cards, the APR on the Amazon.com Rewards Visa is also relatively high and so it’s not a good choice for carrying a large balance. However, if you only plan to carry a small balance occasionally, this card is more affordable than most. It offers a minimum APR of 14.49 percent, which is well below average for a rewards card. Meanwhile, its highest APR of 22.24 percent is also lower than many competitors.

Easy to redeem
In addition to being a good value for Amazon.com fans, the Amazon.com Rewards Visa also wins points for user-friendliness. Rewards never expire and there’s no limit on the amount of cash back you can earn.  Amazon rewards are also easy to redeem if you use them on Amazon purchases. If your card is synched with your Amazon.com account, you can instantly use your earnings to pay for Amazon purchases. This could significantly stretch your rewards dollars further if you use them to buy heavily discounted products. You can also redeem your earnings for cash back, gift cards or travel if you log onto Chase.com. However, Chase restricts how little you can redeem at a time if you redeem your cash back through Chase.com.

Reasons to get it:

  • You frequently use Amazon.com to stock up on books, household supplies or other merchandise.
  • You plan to make a large purchase on Amazon.com and want a bigger rewards bonus.
  • You care more about long-term benefit than a short-term sign-up bonus.

How to use it:

  • Synch your card to your Amazon.com account and use your card for all your Amazon.com purchases.
  • Use Amazon.com to stock up on pricey household staples, such as textbooks, clothing, diapers, baby food, electronics, furniture and more.
  • Pay off your card in full each month to avoid paying interest.

All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information. 

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