The number of Amazon Prime members keeps growing. It is now estimated that Amazon.com now has 80 million Prime customers in the United States. If you are an Amazon Prime member, Amazon wants to offer you the ability to earn more rewards on everything you buy at Amazon.com: 5 percent back on Amazon.com purchases. This offer comes in the form of a metal, Chase-issued, Amazon-branded Visa credit card, known as the Amazon Prime Rewards Visa Signature card.
I have been an Amazon Prime member since 2003 and also had an Amazon Prime credit card since then – when their program initially launched. And I love it as it gets better every year with more benefits. I buy almost all my non-travel items from Amazon (the rest from Costco). With kids in high school or college, free 2-Day and Same-Day Prime delivery is such a blessing.
It is not until the beginning of 2017 that Amazon has improved the credit card benefits for Amazon Prime members. I had an existing Amazon Rewards Visa Signature card (earning 3 percent back on Amazon.com purchases) and was upgraded to the new Amazon Prime Rewards Visa Signature card (earning 3 percent back on Amazon.com purchases).
In addition to offering 5 percent back on items purchased at Amazon.com, the new card also provides 2 percent back at US restaurants, gas stations and drugstores, as well as 1 percent back on all other purchases.
Amazon Prime Rewards Visa Signature card benefits include the following:
- 5 percent back on items purchased at Amazon.com
- 2 percent back on items purchased at restaurants, gas stations and drugstores
- 1 percent back on all other purchases
- No cap on rewards earned
- Rewards never expire and can be redeemed on hundreds of millions of products at Amazon.com
- No foreign transaction fees
- No annual fee
- Zero fraud liability
- Travel and purchase protections
- 24/7 Visa Signature concierge service
The Amazon Prime credit card is made with metal like the American Express Centurion Card and Chase Sapphire Reserve Card.
Although the Prime Rewards Visa Signature card carries no annual fee, customers must first sign up for Amazon Prime (which costs $99 per year) in order to qualify for the card. However, current Prime members who already pay a membership fee may find the new offer worthwhile, as it will allow them to earn more rewards on purchases they were already planning to make. If you make purchases on Amazon.com regularly, why not get 5% back for free?