The Prime Visa card is a valuable option for Amazon shoppers, especially those with a Prime membership. With no cap on rewards, it offers an unlimited 5% back on Amazon.com, Amazon Fresh, Whole Foods Market, and Chase Travel purchases, as well as 2% back at gas stations, restaurants, and on local transit and commuting. There is no annual fee, but you must be a Prime member to qualify.
The card also comes with various travel and shopping protections, such as auto rental coverage, lost luggage reimbursement, and no foreign transaction fees. Additionally, the Prime Visa offers an interest-free equal monthly payment feature for Amazon purchases and at eligible retailers with Amazon Pay.
The Prime Visa is a well-rounded card, but its benefits may not appeal to everyone. If you are not an avid Amazon shopper, you may prefer a card with broader earning categories, such as the Citi Double Cash or Blue Cash Everyday from American Express.
The main benefits of the Prime Visa are:
* No cap on rewards
* High rewards rate on Amazon purchases (5%)
* Travel and shopping protections
* No foreign transaction fees
* Interest-free equal monthly payment feature
However, the card does have some limitations, including:
* Requires Prime membership
* No rewards for non-Amazon purchases
* Limited redemption options for rewards
* Balance transfer fee
In conclusion, the Prime Visa card is a good option for those who shop frequently on Amazon and value the additional travel and shopping protections. However, it may not be the best choice for those who don’t shop often on Amazon or prefer a more comprehensive rewards structure.