In the world of personal finance, credit cards are like bullets, they can either hunt for food or kill you. Whether you’re looking to make purchases online, manage cash flow, or earn rewards, you need the right credit card. One of the best credit cards for Amazon shoppers and frequent online buyers is the Amazon Credit Card.
This post will explain everything you need to know about the Amazon Credit Card: from its benefits to how to apply, its advantages and disadvantages, as well as frequently asked questions.
Discover the Chase Amazon Credit Card
This is a Chase Amazon Credit Card, which is a co-branded credit card issued in partnership between Chase Bank and Amazon. This card offers you various benefits and rewards that are aimed at making shopping through Amazon more rewarding in addition to other regular purchases. Depending on which version of the card you choose (regular or Prime), cardholders can get cashback on Amazon purchases, as well as additional bonus rewards on general spending.
There are two versions of the card:
Amazon Credit Card (Non-Prime) - If you don’t have an account for Amazon Prime, this version is available to you.
Chase Amazon Prime Credit Card – This one is for Amazon Prime members and better rewards on purchases on Amazon.
The Amazon Credit Card: Overview and Key Features
Earn 250 bonus points (worth $0.025) for each purchase with your Amazon card.
Reward Rates:
5% Back on Amazon. com orders for Amazon Prime users.
3% Back on Amazon. Shipments for non-Prime members on com.
2% Back on the restaurant, gas station and drugstore purchases.
1% on all other purchases.
Annual Fee: None For non-Prime members
0% Introductory APR for first 6 months on purchases: After that, variable APR.
Advantages of the Amazon Credit Card
Making Amazon Purchases with Cashback
However, its main draw is its ability to earn up to 5% cashback on purchases made through Amazon. With the Prime version, you earn 5% back on all Amazon purchases, and it can add up quickly if you buy from Amazon frequently.
Exclusive Offers Available Only on Amazon
Cardholders also unlock exclusive Amazon promotions, such as discounts, special deals and in some cases, early access to sales like Prime Day.
$0 Annual Fee for Non-Prime Members
The Amazon Credit Card for non-Prime members has no annual fee, so it’s a good choice for someone who doesn’t want to pay a monthly or yearly fee. Prime members can choose the higher rewards and more features version.
Amazon Gift Card Rewards
The best part is perhaps one of the most popular features is the Amazon Gift Card reward system. Instead of redeeming cashback as statement credits, users may transfer their prize to Amazon Gift Cards that could be used towards future purchases.
Easy Redemption of Rewards
Amazon: cardholders can redeem rewards at checkout on Amazon.com or apply toward purchases made outside of Amazon.
How to Apply for the Chase Amazon Card
How to Apply for the Chase Amazon Credit Card Here’s how:
Guide: Steps for Application
Note: For a redirected path to apply for the Amazon Credit Card, click the link and look around.
Pick Your Card: Chase Amazon Credit Card for Prime Members or Amazon Credit Card for Non-Prime MembersDecide
Fill Out the Application: Enter your information, including your income, address and social security number.
Fill Out the Application: Once you have entered your details, apply. Usually, you will get a reply in a few minutes.
The process Credit card Approval and Issuance — If you are approved you will get your Chase Amazon Credit Card in a Few days.
Keep reading to learn everything you need to know about the Chase Amazon Credit Card pros and cons.
Pros
Tremendous Reward Rates: 5% back on Amazon purchases (for Prime members).
Zero Annual Fee for Non-Prime Members: It saves money for people who do not need a Prime membership.
Introductory 0% APR: For 6 months on purchases.
Get it as soon as Friday, Oct 27Exclusive Amazon Deals
Interactive Rewards Redemption: Cards allow for easy redemption for Amazon purchases or gift cards.
Cons
Amazon Prime Membership Required to Unlock Full Benefits: For the highest cashback rate (5% back), you must have an active Amazon Prime membership, which comes with an annual fee.
Low rewards for purchases outside of Amazon: However, the rewards on everything else are pretty lousy.
Variable APR After Intro Period: After the 0% introductory APR period, the APR rises — which isn’t ideal if you carry a balance.
Chase Amazon Credit Card: Fee Details
Get acquainted with the fees of any credit card. Here are the prevalent fees of the Chase Amazon Credit Card:
APR:
This card has an Introductory variable APR of 0% for the First 6 months, and then a Variable APR of 16.99% to 25.74%.
Late Payment: A late payment fee can be up to $40 if you miss a payment.
Foreign Transaction Fees: The Chase Amazon Credit Card has a 3% foreign transaction fee, meaning it is not terribly well-suited for traveling internationally.
Cash Advance Fee: The greater of $10 or 5% of the amount of each transaction.
Who Should Get the Chase Amazon Credit Card?
Amazon Prime Members
The Chase Amazon Prime Credit Card is a great choice for Amazon Prime members since you earn 5% back on Amazon purchases, with nice rewards on dining, gas stations, and drugstore purchases.
Frequent Amazon Shoppers
Amazon Credit Card: This option lets you earn rewards on everyday purchases you may be making on Amazon (if you shop there often).
For Those Who Want No Annual Fees
The Chase Amazon Credit Card for Non-Prime Members charges no annual fee, making it a solid option for those looking for cashback on Amazon purchases but not willing to pay for a Prime membership.
Chase Amazon Credit Card FAQ
Is there an annual fee for the Amazon Credit Card?
The Chase Amazon Credit Card (the version for non-Prime members) has no annual fee. Note that the Chase Amazon Prime Credit Card includes an Amazon Prime membership, which carries a separate annual fee.
Can I Use Chase Amazon Credit Card Beyond Amazon?
The Amazon Credit Card can therefore be used anywhere Visa is accepted. You’ll receive 2% back on gas, restaurant and drugstore purchases and 1% back on all other purchases.
Will My Rewards Expire After They’re Earned?
Rewards earned through this card will automatically be applied to your Amazon account as Amazon Gift Cards or may also be redeemed for a statement credit or future Amazon purchases.
Do I Have to Have Amazon Prime to Get the Chase Amazon Card?
No, but to get 5 percent back on Amazon purchases you have to be a Prime member. Non-Prime members get 3% back.
Chase Amazon Credit Card | Is It Worth It?
Amazon Credit Card: If you make lots of Amazon purchases and are a Prime member, this credit card offers wonderful rewards with 5% back on Amazon purchases, provided you are shopping frequently on Amazon. But it might not be as useful for people who don’t shop on Amazon frequently.
Chase Amazon.com Card: How Do I Apply?
You can apply directly on Chase’s site, select the Prime or non-Prime versions, and enter your personal information. You’ll usually get approved quickly and your card will arrive in a few days.
Conclusion
The Amazon Credit Card is an especially great card for frequent Amazon shoppers, particularly if you already have an Amazon Prime membership. It provides generous rewards, a simple application process and no annual fee for non-Prime members. This card can be a powerful tool in your financial toolbox with its ability to earn up to 5% cashback on Amazon purchases and other rewards on dining and gas.
That said, be sure to review the card’s fees, including the APR after the first year and any foreign transaction fees. Whether you are a long-time Amazon shopper or just dipping your toes into the water, the Amazon Credit Card can help you get more bang for your buck when you hear the “cha-ching”.