Amazon Prime Visa Card Review 2023
The Amazon Prime Visa Card is a popular credit card option for loyal Amazon customers. With its attractive rewards program and exclusive benefits, it has become a must-have for many shoppers. In this review, we will take a closer look at the Amazon Prime Visa Card, including its pros and cons, to help you determine if it’s the right choice for you in 2023.
One of the standout features of the Amazon Prime Visa Card is its rewards program. Cardholders earn 5% cashback on all eligible purchases made on Amazon.com, making it an excellent card for avid Amazon shoppers. In addition, you can earn 2% cashback at gas stations, restaurants, and drugstores, and 1% cashback on all other purchases. The rewards earned can be redeemed directly on Amazon.com, which is especially convenient for frequent Amazon users.
The Amazon Prime Visa Card also offers a generous sign-up bonus. Cardholders can receive a $150 Amazon.com Gift Card instantly upon approval. This is a significant perk that adds value to the card right from the start. Furthermore, there are no annual fees associated with the card, making it a budget-friendly option.
Another advantage of the Amazon Prime Visa Card is the exclusive benefits it offers to Prime members. Cardholders enjoy access to special financing options on eligible purchases, such as 0% APR for 6-24 months. This feature can be extremely helpful if you need to make a big purchase on Amazon and prefer to spread out payments over time.
However, it’s important to note that the Amazon Prime Visa Card does require a Prime membership, which comes with an annual fee of $119. While this fee may be worth it for many Amazon enthusiasts who enjoy the additional benefits, it may not be suitable for occasional Amazon shoppers who do not fully utilize the Prime subscription.
Another potential drawback for some users is the card’s high APR, which can range from 15.74% to 23.74% based on your creditworthiness. If you tend to carry a balance on your credit card, the interest charges can add up quickly, offsetting the cashback rewards you earn.
Customer service and satisfaction with the Amazon Prime Visa Card have been generally positive. The card is backed by Chase, a reputable financial institution known for its excellent customer service. Additionally, the Amazon Prime Visa Card offers fraud protection, purchase protection, and extended warranty protection, providing cardholders with peace of mind.
In conclusion, the Amazon Prime Visa Card is a compelling option for frequent Amazon shoppers who are also Prime members. With its lucrative rewards program, attractive sign-up bonus, and exclusive benefits, it offers excellent value for those who fully utilize Amazon’s offerings. However, users who do not plan to shop frequently on Amazon or do not have a Prime membership may find other credit card options more suitable for their needs. It’s crucial to consider your spending habits, annual fee costs, and the high APR before applying for this card.