About Amazon Rewards Visa Card from Chase

  • Get a $30 Amazon.com Gift Card* instantly upon credit card approval
  • Get instant credit after approval1
  • Earn 3 points for every $1 spent on Amazon.com2
  • Earn 2 points for every eligible $1 spent at gas stations, restaurants, and drugstores2
  • Earn 1 point for every other $1 spent2
  • Points don't expire, and there is no limit to the number of points you can earn
  • No annual fee1
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  • amyhe's Profile Image

    By amyhe, Feb 22nd 2013

    Editor Rating

    If you're an Amazon addict, then Chase's Amazon Rewards Visa is the credit card for you. The online megastore already stocks almost everything imaginable, and this card rewards -- and almost encourages! -- you to shop even more.

    The rewards system is good for those whose lives revolve around Amazon purchases. There isn't a cap on rewards and points don't expire. It's also easy to redeem the variety of rewards that Amazon offers.

    But the card isn't perfect. The APRs can steer a little high and this is not a card I would recommend for someone with bad to no credit, nor would it be advisable to carry a balance on the card. There is a sliding scale on the penalty fee structure, which deviates a little from the norm to benefit customers, but overall the balance transfer APR as well as its cash advance and overdraft advance APR aren't exactly encouraging.

    But if you're good with your credit card payments and Amazon makes up most of your online purchases, this is the best card for that.

    Pros Cons
    Good rewards program Possibility for a high APR
    Lenient fee structure

    Annual Fee

    The Amazon Rewards card is a good rewards card, but it’s not a fancy one and probably won’t get you into any VIP lounges. For its straightforward practicality, the card carries no annual fee.

    Other Fees/Charges

    The fees associated with the Amazon Rewards Visa Card are typical. For balance transfers, it costs either $5 or 3% of the amount of the transfer, depending on whichever is great, and for cash advances, the rate is at $10 or 5% the amount of the transaction. Foreign transactions cost 3% of the transaction amount, which is a standard credit card rate.

    In terms of penalty fees, the Amazon card utilizes a unique sliding scale structure that not many cards employ. Late fees are $15 for balances that are less than $100, up to $25 for balances between $100 and $250, and up to $35 for balances more than $250.

    There is no over-the-credit-limit penalty fee, though we wouldn’t suggest going over your limit anyway. The return payment and return check fees are both $35.

    Interest Rates

    The purchase APR ranges from 14.24% to 22.24% depending on creditworthiness at the time of account opening. It wouldn’t be wise to carry a balance on this card.

    The balance transfer APR also ranges from 14.24% to 22.24%, based on creditworthiness. In addition, there are both cash advance and overdraft advance APRs that start at 19.24%, but if your purchase APR is 22.24%, then the cash advance and overdraft APRs go up to 23.24%.

    Rewards/Perks

    If you’re a frequent Amazon.com shopper, then this card is the one for you. Each dollar spent earns you one point, and Amazon purchases earn you three times the points. Purchases at gas stations, restaurants and drugstores earn two times the points, and all other purchases are at a one-to-one basis.

    Points don’t expire and there are no earning caps, which is incredibly beneficial. With the Amazon card, 100 points is worth $1, and there are a variety of ways to redeem your points. You can get a statement credit, get a rebate check, use it on Amazon to shop, and many others.

    Misc.

    If you already have a Chase account online, it’s easy to link the credit card to the account. In addition, your Amazon card can be access through the Chase mobile app, where you can post payments, view transaction histories and check rewards balances.

    The Breakdown

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