What are the Best Perks that Come with the Amazon Credit Card
Amazon store has launched its own credit card called Amazon Rewards Visa Signature Card through Chase Bank USA. This card can help you to get up to 3% discount on all items you purchase at Amazon. In addition, you can also get discount of 2% when you shop at the restaurants, gas station and pharmacies. Everything else that you purchase with the Amazon credit card will also qualify you to earn 1% cash back. After sign up, they will send you a $50 gift card that you can use to redeem stuff at Amazon online store.
There is no expiration date on the rewards and you can redeem at any time on Amazon. There is an option in the checkout that allows you to choose how many points you want to redeem for payment towards your purchase. Millions of products can be redeemed at the Amazon store including videos, music, kindle e-books, pre-order items and rent textbooks.
The rewards points can also be redeemed with cash back, and gift cards. It is not necessary for you to have enough points to pay for the entire purchase. You can pay for part of the total amount with the rewards points. Amazon Rewards Visa Signature Card does not have any annual fee. You don’t need to be an Amazon Prime membership to get approved for the card.
Another credit card Amazon store issues is the Amazon Prime Rewards Visa Signature. Amazon Prime Rewards Visa Signature card is for those who have a Prime membership. The Amazon Prime membership costs $99 per year. Immediately after you sign up for the card, you will receive a gift card from Amazon.com that is worth $70.
It offers 5% cash back on all purchases at Amazon which is additional 2% cash back compared to Amazon Rewards Visa Signature Card. With an Amazon Prime membership, you will enjoy many perks such as free two days shipping and discounts on Amazon Family. The card does not charge any foreign transaction fee when you use the card to shop overseas.
Both Amazon credit cards offer protections such as auto rental insurance, purchase protection, extended warranty coverage and roadside dispatch. The card also entitles you to access to concierge services. The two Amazon credit cards charge the same APR interest rate in between 15.24% – 23.24%. The card is suitable for use in performing balance transfer and the balance transfer interest rate is in the same range There are a number of fees such as cash advance fee, late payment fee, over the credit limit fee and return payment fee. Amazon credit card is suitable for people who regularly shop at Amazon as it can help them to save some money.