Amazon launches new credit card offering rewards on your spending – is it worth getting?

Amazon has rolled out a new credit card offering 1% to 2% cashback on Amazon purchases and 0.5% elsewhere, with rewards paid as Amazon gift cards. While it may not outperform top cashback cards like the Chase Freedom Unlimited®, it could be a smart pick for frequent Amazon shoppers. Here’s what you need to know.

How the Amazon Rewards Visa® Card Works

Key details:

– $20 Amazon gift card bonus: Approved users receive a $20 Amazon gift card automatically added to their account. Chase confirms this offer has no expiration date.

– Ongoing rewards: Earn 1% back on Amazon.com purchases, including Audible, Kindle, and Prime Video.

– Prime member perks: Earn 2% back during Prime Day, Black Friday, and Cyber Monday.

– Non-Amazon spending: 0.5% cashback (drops to 0.25% after the first year). No rewards on cash advances, balance transfers, or currency purchases.

– Redemption rules: Rewards convert to Amazon gift cards in $5 increments. For example, $12 in rewards lets you redeem $10, leaving $2 toward future redemptions.

– Gift card expiration: Redeemed Amazon gift cards never expire, but use them promptly to avoid losing track.

Exclusive perks for former Amazon cardholders:

Most customers who held the discontinued Amazon Prime Store Card or Amazon Rewards Card can now claim a $50 sign-up bonus and double rewards for six months. Eligibility isn’t fully disclosed—check your Amazon account for personalized offers.

0% introductory APR: Enjoy six months of 0% interest on purchases. But beware: After the promo period, the variable APR jumps to 28.99%. Pay the balance in full before the deadline to avoid interest charges.

Note: If you need longer 0% financing, consider dedicated cards like the Citi Simplicity® Card (21 months intro APR).

Should You Get the Amazon Rewards Visa® Card?

It depends on your spending habits and willingness to manage multiple cards.

Top competitor**: The **Chase Freedom Unlimited®** (a credit card) offers 1.5%–3% cashback on all purchases, paid as flexible cash—not Amazon credits. Key advantages over Amazon’s card:

– Higher rewards on non-Amazon spending (1.5% vs. 0.5%).

– No foreign transaction fees (Amazon’s card charges 3%).

– Stronger travel perks and broader redemption options.

Amazon Rewards Visa® Card advantages:

– $20 sign-up bonus (Chase Freedom Unlimited® has no current bonus).

– Prime members earn 2% back during major sales events.

– Credit card protections under the Fair Credit Billing Act (stronger than debit card chargeback rights).

Pro tip: Pair both cards—use the Amazon card for Amazon purchases and the Chase Freedom Unlimited® elsewhere to maximize rewards.

How to Apply

– Apply directly through Amazon’s website. Eligibility checks won’t impact your credit score.

– Existing Chase cardholders may face restrictions; details are pending.

– Manage your card via the Chase Mobile® app (free on iOS/Android).

Caution: Only spend what you can repay. This card isn’t ideal for long-term debt.

For more top cashback options, including cards offering 5% back on rotating categories or 2% flat-rate rewards, see our [Best U.S. Cashback Credit Cards] guide.