New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

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tampaite
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Amazon Prime Rewards Visa Signature Card

Postby tampaite » Wed Jan 11, 2017 3:09 pm

For prime member, Amazon is offering 5% back when using the Amazon Prime Rewards Visa Signature Card for puchases on Amazon.com

For non-prime members, it is 3%

Link: Amazon Prime Rewards Visa Signature Card

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Toons
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Re: Amazon Prime Rewards Visa Signature Card

Postby Toons » Wed Jan 11, 2017 3:13 pm

Yep
Good Idea for those that purchase a lot of goods from Amazon.
Keeps you in their ecosystem :happy
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batpot
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Re: Amazon Prime Rewards Visa Signature Card

Postby batpot » Wed Jan 11, 2017 3:35 pm

Any reason to get this over the 5% Synchrony card?

objectivefunction
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Re: Amazon Prime Rewards Visa Signature Card

Postby objectivefunction » Wed Jan 11, 2017 4:27 pm

batpot wrote:Any reason to get this over the 5% Synchrony card?


I'm wondering. I have both (apparently). I signed up for a Chase Amazon Rewards Visa a while ago (I had Prime at the time), but I don't recall 5% back for a prime account. Is this new?

I signed up for the Chase card to get a $50 Amazon GC, and haven't even used the card. I have been using my Prime Store Card pretty heavily, but would consider dropping it and just using the Chase card now that I know it gets 5% (I verified that it does for me).

Differences, as far as I can tell:

  1. Redemption hassle: the store card automatically gives you a statement credit, the chase card accrues points that you must redeem. I don't recall if there is some minimum number of points you have to accrue before you can redeem, but certainly it won't be automatic.
  2. Card terms: again I'd have to dig into the details, but I assume that the store card does not have, say, a price protection benefit. The Chase card can be used places other than Amazon and has 0% foreign transaction fee.
  3. Integrations: the store card is notorious for not nicely integrating with Personal Capital, and (I think) Mint. The Chase card imports fine into Personal Capital.
  4. Due date flexibility: the store card has a single due date (the 28th) and you cannot adjust that.
  5. Maybe some other things I'm missing?

denovo
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Re: Amazon Prime Rewards Visa Signature Card

Postby denovo » Wed Jan 11, 2017 4:41 pm

I am a household member of an Amazon Prime member. I still get the 3 percent, not 5. Can others confirm this is correct?

Edit : Per Amazon chat

Code: Select all

I have checked and found that in order to get the 5% earning through your Amazon Visa Card, your amazon account should have a paid amazon prime membership. As I can see that this condition is not being met because you have an invited prime membership on your account.


Based on $99 membership fee, I'd need to spend 5k a year to break even. I'll pass.
Last edited by denovo on Wed Jan 11, 2017 4:49 pm, edited 1 time in total.
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Da5id
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Re: Amazon Prime Rewards Visa Signature Card

Postby Da5id » Wed Jan 11, 2017 4:47 pm

I often get the 5% by using my Chase Freedom to buy Amazon gift cards. e.g. currently can buy Amazon Gift Cards at gas stations this quarter and get 5% that way. I value ultimate rewards points more highly than the 5% cash myself. I spend a reasonable amount at Amazon, so I don't mind buying ahead a bit.

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Re: Amazon Prime Rewards Visa Signature Card

Postby jf89 » Wed Jan 11, 2017 4:54 pm

Saw this come across this morning and it seems like a good deal for those of us already using Prime and getting our money's worth through the other services it provides. I was just thinking of looking for one more card for the wallet anyway but was hoping for a MasterCard to get some more diversity. Some of the language in the terms mentions MasterCard... has anyone seen that this is or will soon be available under that banner?
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Jags4186
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Re: Amazon Prime Rewards Visa Signature Card

Postby Jags4186 » Wed Jan 11, 2017 5:01 pm

Once Amazon started charging sales tax in my state I stopped buying everything but kindle ebooks from them regularly.

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mhc
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Re: Amazon Prime Rewards Visa Signature Card

Postby mhc » Wed Jan 11, 2017 5:06 pm

I just got the Amazon Store Card for the 5% because the Amazon Visa was only giving 3%. Now the Amazon Visa will give me 5%. :x :x :x

Mike Scott
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Re: Amazon Prime Rewards Visa Signature Card

Postby Mike Scott » Wed Jan 11, 2017 5:07 pm

This card may work for those who are already Prime members for other reasons but otherwise it would be like any card with a $99 annual fee.
My reason for not doing using the Amazon store card is that it is through Synchrony Bank which I avoid every chance I get.

Snezz1e
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Re: Amazon Prime Rewards Visa Signature Card

Postby Snezz1e » Wed Jan 11, 2017 5:26 pm

batpot wrote:Any reason to get this over the 5% Synchrony card?


2 major benefit over the Store card is the extended warranty protection (+1 year on warranties of 3 year or less) and purchase protection (Up to $500 120 day coverage against damage/theft). Also in the past they had offers for card holders usually around Black Friday for something like $20 off $100 purchase.

I only wish they also include price protection to this card then it would be perfect. Otherwise it may be better to use Chase Freedom/Discover during those months that they give 5% cashback.

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Re: Amazon Prime Rewards Visa Signature Card

Postby Doom&Gloom » Wed Jan 11, 2017 5:56 pm

denovo wrote:I am a household member of an Amazon Prime member. I still get the 3 percent, not 5. Can others confirm this is correct?

Edit : Per Amazon chat

Code: Select all

I have checked and found that in order to get the 5% earning through your Amazon Visa Card, your amazon account should have a paid amazon prime membership. As I can see that this condition is not being met because you have an invited prime membership on your account.


Based on $99 membership fee, I'd need to spend 5k a year to break even. I'll pass.


I was wondering the same thing, but that is how it looks to me. This is the clearest explanation I found on Amazon's site:

https://www.amazon.com/gp/help/customer/display.html?nodeId=202109390

After we are lose our Sallie Mae cards, my wife will need a card for Amazon. I've got Amazon covered elsewhere. But our Amazon Prime account is in my name. On Amazon's site, the offer for this card shows 5% for me but 3% for her.

If this doesn't change in the coming months, I'll probably cancel my Prime account when it comes up for renewal and let her sign up for Prime and add me as a household member. It seems logical to expect that Amazon might adjust their rules to avoid a lot of other people reacting similarly, but time will tell.

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Ged
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Re: Amazon Prime Rewards Visa Signature Card

Postby Ged » Wed Jan 11, 2017 6:05 pm

I signed up for this today as well. Since I am a heavy user of Prime services anyway it seemed like an obvious thing to do. It also came with a $70 credit which almost balances off a year of Prime right away.

It also advertises no foreign exchange fees. Not really important to me as I have other cards with this provision as well.

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Pajamas
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Re: Amazon Prime Rewards Visa Signature Card

Postby Pajamas » Wed Jan 11, 2017 6:12 pm

I see changing offers from Amazon for the amount of the gift card for getting their branded credit card. Right now it is showing $50 but other times it has shown $30 or $70. I don't remember other amounts. What are the amounts other people have seen, particularly on the high end? Anything over $70?

Amazon offers a half-price Prime membership to students (or anyone else with a .edu address, for that matter). It cannot be shared with others as the regular Prime can be.

Jags4186 wrote:Once Amazon started charging sales tax in my state I stopped buying everything but kindle ebooks from them regularly.


Doesn't your state require you to report your purchases from out of state and pay the sales tax with your income tax, anyway? Some states don't have income tax, so I'm curious. My state has a specific line for it and you can report the actual amount owed or estimate it using a table.

BW1985
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Re: Amazon Prime Rewards Visa Signature Card

Postby BW1985 » Wed Jan 11, 2017 6:43 pm

I already have the Amazon 3% Visa and am a paid Prime subscriber, can I just get 5% back with my existing card or do I have to open another card?
"Squirrels figured out how to save eons ago. They buried acorns. Some, they dug up, for food. Others, they let to sprout, in new oak trees. We could learn from squirrels." -john94549

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Re: Amazon Prime Rewards Visa Signature Card

Postby brokendirtdart » Wed Jan 11, 2017 6:46 pm

BW1985 wrote:I already have the Amazon 3% Visa and am a paid Prime subscriber, can I just get 5% back with my existing card or do I have to open another card?



Per the email I received about two hours ago, it is an automatic upgrade for most. Check in your stored payments on Amazon, and the details of your 3% Chase card may now read 5%. Mine does.

froman118
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Re: Amazon Prime Rewards Visa Signature Card

Postby froman118 » Wed Jan 11, 2017 6:50 pm

BW1985 wrote:I already have the Amazon 3% Visa and am a paid Prime subscriber, can I just get 5% back with my existing card or do I have to open another card?


Should be automatic. I got the email this morning and just checked the details of the card through the "Manage Payment Options" link in my Amazon account it is showing 5%.

BW1985
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Re: Amazon Prime Rewards Visa Signature Card

Postby BW1985 » Wed Jan 11, 2017 7:02 pm

froman118 wrote:
BW1985 wrote:I already have the Amazon 3% Visa and am a paid Prime subscriber, can I just get 5% back with my existing card or do I have to open another card?


Should be automatic. I got the email this morning and just checked the details of the card through the "Manage Payment Options" link in my Amazon account it is showing 5%.


brokendirtdart wrote:
BW1985 wrote:I already have the Amazon 3% Visa and am a paid Prime subscriber, can I just get 5% back with my existing card or do I have to open another card?



Per the email I received about two hours ago, it is an automatic upgrade for most. Check in your stored payments on Amazon, and the details of your 3% Chase card may now read 5%. Mine does.


Thank you. Just checked my payments and it does say 5%. That makes a lot more sense then having to open another Amazon card!
"Squirrels figured out how to save eons ago. They buried acorns. Some, they dug up, for food. Others, they let to sprout, in new oak trees. We could learn from squirrels." -john94549

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New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby malbecman » Wed Jan 11, 2017 7:19 pm

[Thread merged into here, see below. --admin LadyGeek]

Wow, looks like a doozy. 5% back at Amazon, 2% back at other locations, no foreign transaction fees, roadside assistance, etc.

They're really trying to get you to shop at their website but it you are already a Prime member, I don't see how you can pass it up.

http://www.businessinsider.com/amazon-a ... ers-2017-1

mikep
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Re: Amazon Prime Rewards Visa Signature Card

Postby mikep » Wed Jan 11, 2017 7:25 pm

Is there any advantage in keeping the 5% store card now? I have both. Looks like the store card gives financing or 5%, which I don't need.
Other than that I'd like to get rid of the store card.
Last edited by mikep on Wed Jan 11, 2017 7:34 pm, edited 1 time in total.

objectivefunction
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Re: Amazon Prime Rewards Visa Signature Card

Postby objectivefunction » Wed Jan 11, 2017 7:30 pm

denovo wrote:I am a household member of an Amazon Prime member. I still get the 3 percent, not 5. Can others confirm this is correct?

Edit : Per Amazon chat

Code: Select all

I have checked and found that in order to get the 5% earning through your Amazon Visa Card, your amazon account should have a paid amazon prime membership. As I can see that this condition is not being met because you have an invited prime membership on your account.


Based on $99 membership fee, I'd need to spend 5k a year to break even. I'll pass.


I have a store card and my wife has added it to her account so we can both get the 5% back. So that's an advantage over the Chase card.

pasadena
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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby pasadena » Wed Jan 11, 2017 7:34 pm

The 2% is for restaurants, gas stations, and drugstores. 1% anywhere else.

I just checked my account and it's been upgraded without me having to do anything. I never got an email though.

Kudos Amazon and Chase !

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Geneyus
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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby Geneyus » Wed Jan 11, 2017 7:34 pm

malbecman wrote:Wow, looks like a doozy. 5% back at Amazon, 2% back at other locations, no foreign transaction fees, roadside assistance, etc.

They're really trying to get you to shop at their website but it you are already a Prime member, I don't see how you can pass it up.

http://www.businessinsider.com/amazon-a ... ers-2017-1


Ehhh, sort of.

"For Amazon Prime members, it will grant 5% back on all Amazon.com purchases, as well as 2% back at restaurants, gas stations, and drugstores, and 1% back on every other purchase"

A large portion of my credit card charges are my bills (TV, cell phone, internet, etc), other than my mortgage. The Citi DoubleCash 2% card that provides 2% back on everything would still be a better deal because we don't spend nearly as much on Amazon.

mikep
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Re: Amazon Prime Rewards Visa Signature Card

Postby mikep » Wed Jan 11, 2017 7:36 pm

objectivefunction wrote:
denovo wrote:I am a household member of an Amazon Prime member. I still get the 3 percent, not 5. Can others confirm this is correct?

Edit : Per Amazon chat

Code: Select all

I have checked and found that in order to get the 5% earning through your Amazon Visa Card, your amazon account should have a paid amazon prime membership. As I can see that this condition is not being met because you have an invited prime membership on your account.


Based on $99 membership fee, I'd need to spend 5k a year to break even. I'll pass.


I have a store card and my wife has added it to her account so we can both get the 5% back. So that's an advantage over the Chase card.


If your wife is in your household, looks like her usage of the Chase card would still be 5%.

Annual and monthly Amazon Prime subscriptions and members of their Amazon Household


I guess I will try it with a small test purchase to confirm or wait for others to do it.

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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby LadyGeek » Wed Jan 11, 2017 7:46 pm

I merged malbecman's thread into here. The combined thread is in the Personal Finance (Not Investing) forum (credit card).
To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby mikep » Wed Jan 11, 2017 7:49 pm

Geneyus wrote:
malbecman wrote:Wow, looks like a doozy. 5% back at Amazon, 2% back at other locations, no foreign transaction fees, roadside assistance, etc.

They're really trying to get you to shop at their website but it you are already a Prime member, I don't see how you can pass it up.

http://www.businessinsider.com/amazon-a ... ers-2017-1


Ehhh, sort of.

"For Amazon Prime members, it will grant 5% back on all Amazon.com purchases, as well as 2% back at restaurants, gas stations, and drugstores, and 1% back on every other purchase"

A large portion of my credit card charges are my bills (TV, cell phone, internet, etc), other than my mortgage. The Citi DoubleCash 2% card that provides 2% back on everything would still be a better deal because we don't spend nearly as much on Amazon.


Why not get both? This card has no foreign transaction fee, vs the citi double cash's 3%.

student
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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby student » Wed Jan 11, 2017 8:19 pm

US Bank Cash+ allows you to pick 2 categories for 5% cash back. One of the available options is bookstores. Amazon is still count as bookstores.

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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby hicabob » Wed Jan 11, 2017 8:20 pm

Apparently it's one of those aluminium cards too. I suppose you have to take them out prior to going thru airport metal detectors?

tampaite
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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby tampaite » Wed Jan 11, 2017 8:52 pm

student wrote:US Bank Cash+ allows you to pick 2 categories for 5% cash back. One of the available options is bookstores. Amazon is still count as bookstores.


does this apply to all amazon.com purchases or only books?

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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby Doom&Gloom » Wed Jan 11, 2017 8:57 pm

tampaite wrote:
student wrote:US Bank Cash+ allows you to pick 2 categories for 5% cash back. One of the available options is bookstores. Amazon is still count as bookstores.


does this apply to all amazon.com purchases or only books?


IME it has applied to everything except digital downloads.

Edit: I do not think it applied to Prime membership fee either.

R2D2
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Re: Amazon Prime Rewards Visa Signature Card

Postby R2D2 » Wed Jan 11, 2017 9:03 pm

mikep wrote:Is there any advantage in keeping the 5% store card now? I have both. Looks like the store card gives financing or 5%, which I don't need.
Other than that I'd like to get rid of the store card.

Same question here.

I'd like to get rid of my store card (just b/c it's one extra thing to worry about). Any reason not to if I have the Chase Amazon card?

Also, someone mentioned not wanting to deal with Synchrony Bank. (The store card is through them.) Any particular reason?

*3!4!/5!
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Re: Amazon Prime Rewards Visa Signature Card

Postby *3!4!/5! » Wed Jan 11, 2017 9:10 pm

BW1985 wrote:I already have the Amazon 3% Visa and am a paid Prime subscriber, can I just get 5% back with my existing card or do I have to open another card?

If it doesn't happen automatically there's this.
https://www.amazon.com/gp/help/customer ... =202109400

Jags4186
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Re: Amazon Prime Rewards Visa Signature Card

Postby Jags4186 » Wed Jan 11, 2017 9:22 pm

Pajamas wrote:
Jags4186 wrote:Once Amazon started charging sales tax in my state I stopped buying everything but kindle ebooks from them regularly.


Doesn't your state require you to report your purchases from out of state and pay the sales tax with your income tax, anyway? Some states don't have income tax, so I'm curious. My state has a specific line for it and you can report the actual amount owed or estimate it using a table.


Yes and I don't. No one else does either unless they're running for office.

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Re: Amazon Prime Rewards Visa Signature Card

Postby flyingbison » Wed Jan 11, 2017 9:25 pm

Jags4186 wrote:
Pajamas wrote:
Jags4186 wrote:Once Amazon started charging sales tax in my state I stopped buying everything but kindle ebooks from them regularly.


Doesn't your state require you to report your purchases from out of state and pay the sales tax with your income tax, anyway? Some states don't have income tax, so I'm curious. My state has a specific line for it and you can report the actual amount owed or estimate it using a table.


Yes and I don't. No one else does either unless they're running for office.


I always do.

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Re: Amazon Prime Rewards Visa Signature Card

Postby Jags4186 » Wed Jan 11, 2017 9:26 pm

flyingbison wrote:
Jags4186 wrote:
Pajamas wrote:
Jags4186 wrote:Once Amazon started charging sales tax in my state I stopped buying everything but kindle ebooks from them regularly.


Doesn't your state require you to report your purchases from out of state and pay the sales tax with your income tax, anyway? Some states don't have income tax, so I'm curious. My state has a specific line for it and you can report the actual amount owed or estimate it using a table.


Yes and I don't. No one else does either unless they're running for office.


I always do.


Sucker....just kidding :sharebeer

student
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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby student » Wed Jan 11, 2017 9:56 pm

tampaite wrote:
student wrote:US Bank Cash+ allows you to pick 2 categories for 5% cash back. One of the available options is bookstores. Amazon is still count as bookstores.


does this apply to all amazon.com purchases or only books?

It applies to everything that I buy. Maybe not digital downloads.

amd2135
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Re: Amazon Prime Rewards Visa Signature Card

Postby amd2135 » Wed Jan 11, 2017 10:14 pm

denovo wrote:I am a household member of an Amazon Prime member. I still get the 3 percent, not 5. Can others confirm this is correct?

Edit : Per Amazon chat

Code: Select all

I have checked and found that in order to get the 5% earning through your Amazon Visa Card, your amazon account should have a paid amazon prime membership. As I can see that this condition is not being met because you have an invited prime membership on your account.

Based on $99 membership fee, I'd need to spend 5k a year to break even. I'll pass.

Strange. I'm also a household member of a Prime member and do not have Prime paid through my account. My Amazon wallet tells me I'm earning 5%.

I don't understand why I'm getting 5%, but I won't complain. :happy

Edit: As per this link posted elsewhere in this thread, it looks like there's a difference between an "invited guest" and an "Amazon Household" member. My account is set up as the latter so I qualify. If you really are a household member, you should qualify too.

Amazon Household

paisano
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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby paisano » Wed Jan 11, 2017 10:38 pm

With no foreign transaction fee, it could be a good card for international travel.

Any indication what type of EMV Customer Verification Method it requests?
  • signature only
  • PIN only
  • signature highest priority, PIN second priority
  • PIN highest priority, signature second priority

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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby *3!4!/5! » Wed Jan 11, 2017 10:40 pm

I was confused, but apparently there are now two different Amazon Chase Visa cards (not to be confused with the Synchrony store card)
https://www.amazon.com/gp/cobrandcard?&plattr=ChaseMS
https://www.chase.com/personal/credit-c ... rn-rewards


ETA: The amazon.com link only shows both cards if you're not logged in, otherwise it shows just the one based on prime/non-prime status.
https://www.amazon.com/gp/cobrandcard?&plattr=ChaseMS
Last edited by *3!4!/5! on Wed Jan 11, 2017 10:45 pm, edited 1 time in total.

Grogs
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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby Grogs » Wed Jan 11, 2017 10:45 pm

I've had the Chase card since maybe 2001. It was my first rewards card. It's been sock drawered for the last couple of years because of the SM card. I guess I'll be pulling it out of storage after the SM card gets downgraded. I found the change to no foreign transaction fees to be very timely as well. I'll be heading out of the country for the first time in many years come April and I was trying to figure out a good card to get. Looks like I don't have to apply for a new one.

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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby *3!4!/5! » Wed Jan 11, 2017 10:47 pm

Grogs wrote:I've had the Chase card since maybe 2001. It was my first rewards card. It's been sock drawered for the last couple of years because of the SM card. I guess I'll be pulling it out of storage after the SM card gets downgraded. I found the change to no foreign transaction fees to be very timely as well. I'll be heading out of the country for the first time in many years come April and I was trying to figure out a good card to get. Looks like I don't have to apply for a new one.

Could you confirm that you're old Amazon Chase Visa card has no FTF (and not just the new ones). FWIW there are plenty of no FTF cards out there.

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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby *3!4!/5! » Wed Jan 11, 2017 11:11 pm

*3!4!/5! wrote:I was confused, but apparently there are now two different Amazon Chase Visa cards (not to be confused with the Synchrony store card)
https://www.amazon.com/gp/cobrandcard?&plattr=ChaseMS
https://www.chase.com/personal/credit-c ... rn-rewards


ETA: The amazon.com link only shows both cards if you're not logged in, otherwise it shows just the one based on prime/non-prime status.
https://www.amazon.com/gp/cobrandcard?&plattr=ChaseMS


This page compares all 4 Amazon cards.
https://www.amazon.com/Credit-Cards/b?node=1266766011

killjoy2012
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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby killjoy2012 » Wed Jan 11, 2017 11:27 pm

Pretty decent cash back, but limited use. Why not just use a 5-6% grocery store CC to buy Amazon gift cards instead?

Tamales
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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby Tamales » Thu Jan 12, 2017 12:03 am

Am I understanding this correctly...ignoring any non-amazon purchases, you'd need to spend $2000 on "ships and sold by amazon" goods in order to get cash back that would cover the $100 prime membership fee

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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby *3!4!/5! » Thu Jan 12, 2017 12:15 am

Tamales wrote:Am I understanding this correctly...ignoring any non-amazon purchases, you'd need to spend $2000 on "ships and sold by amazon" goods in order to get cash back that would cover the $100 prime membership fee

$100/(5%-3%)=$5000

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Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby brokendirtdart » Thu Jan 12, 2017 5:12 am

killjoy2012 wrote:Pretty decent cash back, but limited use. Why not just use a 5-6% grocery store CC to buy Amazon gift cards instead?



A fair point. Especially when some grocery stores with "fuel rewards" programs often offer double or quadruple points on gift cards.

For me it is convenience of never having to deal with special categories for rewards. The only thing I use that card for is Amazon and it sits in my safe otherwise. At over 130 orders each in 2015 and 2016, I'm close to shopping at Amazon more than the grocery store.

nalor511
Posts: 108
Joined: Mon Jul 27, 2015 1:00 am

Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby nalor511 » Thu Jan 12, 2017 6:35 am

student wrote:US Bank Cash+ allows you to pick 2 categories for 5% cash back. One of the available options is bookstores. Amazon is still count as bookstores.


Do the categories available change each quarter, or just that you're allowed to change your selection each quarter (but maybe you're not forced to)?

objectivefunction
Posts: 8
Joined: Wed May 04, 2016 10:20 am

Re: Amazon Prime Rewards Visa Signature Card

Postby objectivefunction » Thu Jan 12, 2017 6:57 am

mikep wrote:
objectivefunction wrote:
denovo wrote:I am a household member of an Amazon Prime member. I still get the 3 percent, not 5. Can others confirm this is correct?

Edit : Per Amazon chat

Code: Select all

I have checked and found that in order to get the 5% earning through your Amazon Visa Card, your amazon account should have a paid amazon prime membership. As I can see that this condition is not being met because you have an invited prime membership on your account.


Based on $99 membership fee, I'd need to spend 5k a year to break even. I'll pass.


I have a store card and my wife has added it to her account so we can both get the 5% back. So that's an advantage over the Chase card.


If your wife is in your household, looks like her usage of the Chase card would still be 5%.


I did not have a "household" setup, but just set one up, and my wife's account shows that she'd get 5% with the Chase card. The only reason I have the store card is for the 5% back. The Chase card has that plus many other features, so I may consider just using the Chase card instead.

Jags4186
Posts: 731
Joined: Wed Jun 18, 2014 7:12 pm

Re: New Amazon Prime card, no annual fee, 5%(!) back on Amazon purchases

Postby Jags4186 » Thu Jan 12, 2017 7:13 am

brokendirtdart wrote:
killjoy2012 wrote:Pretty decent cash back, but limited use. Why not just use a 5-6% grocery store CC to buy Amazon gift cards instead?



A fair point. Especially when some grocery stores with "fuel rewards" programs often offer double or quadruple points on gift cards.

For me it is convenience of never having to deal with special categories for rewards. The only thing I use that card for is Amazon and it sits in my safe otherwise. At over 130 orders each in 2015 and 2016, I'm close to shopping at Amazon more than the grocery store.


Buying directly with credit cards gives protections that paying with a gift card doesn't have:

Extended Warranty
Return protection
Price protection
Ability to chargeback if there's an unresolvable problem

flyingbison
Posts: 1282
Joined: Wed Mar 12, 2014 8:52 am

Re: Amazon Prime Rewards Visa Signature Card

Postby flyingbison » Thu Jan 12, 2017 11:09 am

Ged wrote:I signed up for this today as well. Since I am a heavy user of Prime services anyway it seemed like an obvious thing to do. It also came with a $70 credit which almost balances off a year of Prime right away.



Well shoot. Apparently my Amazon Visa was automatically upgraded to the new Amazon Prime Visa, so I assume I won't be getting the $70 reward for applying. :(


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