Are you a frequent Amazon shopper looking to earn cashback on your purchases? If so, the Amazon Prime Rewards Visa Signature Card may be the perfect fit for you. Let’s dive into the benefits, drawbacks, and application tips for this card.
Benefits:
– $150 offer: Earn a $150 Amazon gift card after approval, with no spending requirement. (Offer is lower for non-Prime users). The recent best offer is $200.
– Earn 5% cashback at Amazon and Whole Foods if you are an Amazon Prime member (3% if not), 2% cashback at restaurants and gas stations, and 1% cashback on all other purchases. To qualify for the 5%, you need to use your own Amazon account, including Student Prime membership and trial Prime membership.
– Refer a friend: Earn $50 for every approved account you refer, up to $500 per calendar year. The place to generate a referral link is different from the usual place for Chase cards.
– No foreign transaction fee.
– No annual fee.
Disadvantages:
– While it appears to be a no annual fee card, remember that Prime Membership costs money every year.
Recommended Application Time:
– If you have 5 or more new accounts opened in the past 24 months, Chase will not approve your application on this card, regardless of your credit score.
– This product is available if you do not have the card and have not received a new cardmember bonus for it in the past 24 months.
– Do not apply for more than 2 Chase credit cards within 30 days.
– Apply for this card after having a credit history for more than a year.
Summary:
The $200 sign-up bonus is a decent offer for a no-fee card. If you are a big Amazon fan and already a Prime member, this card is great with 5% cashback on Amazon purchases. Additionally, consider the Amazon store card Synchrony Amazon Prime and the co-branded business card AmEx Amazon Business Prime as alternatives if you are not eligible for the Chase card due to the 5/24 rule.
After Applying:
– Call 800-436-7927 to check your Chase application status.
– If you didn’t get approved immediately, call the Chase reconsideration backdoor number at 888-270-2127 or 888-609-7805.
Whether you’re a seasoned Amazon aficionado or a new Prime member looking to maximize rewards, the Amazon Prime Rewards Visa Signature Card offers a range of benefits that can enhance your shopping experience. Apply wisely and start earning rewards today.
