Prime Visa Review: Earn 5% Back on Amazon Purchases with No Annual Fee
The Prime Visa is a credit card designed for frequent Amazon shoppers, offering a high rewards rate of 5% back on purchases made at Amazon.com, Amazon Fresh, Whole Foods Market, and Chase Travel. The card also comes with a range of travel and shopping protections, including auto rental coverage, baggage delay insurance, and extended warranty protection.
Key Features:
- Earn 5% back on Amazon.com, Amazon Fresh, Whole Foods Market, and Chase Travel purchases
- No annual fee, but requires an Amazon Prime membership
- Welcome bonus: earn a $100 Amazon gift card instantly upon approval
- No foreign transaction fees
- Interest-free equal monthly payment feature for Amazon purchases
- Access to Chase Offers, which allows you to activate additional savings at certain stores
How to Earn and Redeem Rewards:
- Earn 5% back on eligible purchases at Amazon.com, Amazon Fresh, Whole Foods Market, and Chase Travel
- Earn 2% back at gas stations, restaurants, and local transit and commuting, including rideshare
- Earn 1% back on all other purchases
- Redeem rewards at Amazon.com or through Chase.com for cash back, gift cards, and travel
Comparison to Other Cards:
- The Blue Cash Everyday Card from American Express offers a higher welcome bonus and bonus rewards at a wider range of supermarkets and online retailers, but has a foreign transaction fee.
- The Citi Double Cash Card offers a flat 2% back on all purchases, but has a foreign transaction fee and limited purchase protections.
Is the Prime Visa Right for You?
- The Prime Visa is a great fit for frequent Amazon shoppers who want to earn high rewards rates on their purchases.
- If you don’t shop regularly on Amazon or aren’t willing to pay for Prime, other cards with broader earning categories may be a better fit.
Conclusion:
The Prime Visa is a valuable credit card for frequent Amazon shoppers, offering a high rewards rate and a range of travel and shopping protections. While it requires an Amazon Prime membership, the card’s benefits and rewards make it a great option for those who shop regularly on Amazon.
