Amazon Rewards Visa Signature from Chase Review

Chase Amazon Rewards Visa Signature Credit Card Review

Nowadays, prominent retailers like Amazon and Walmart offer a wide range of services, so it’s only natural to consider getting a credit card with special rewards on everyday purchases at these shops. The Amazon Rewards Visa Signature Card allows users to earn reward points on their purchases and redeem them for a variety of rewards, including cash back, gift cards, travel, and merchandise. It offers rewards for purchases made at Amazon.com, Whole Foods, restaurants, gas stations, and drugstores.

Chase Amazon Rewards Visa Signature Credit Card: pros and cons

Rewards system in a nutshell

The main asset of the Chase Amazon Rewards Visa Signature card lies in its rewards system.

With this credit card, you can earn 3% back rewards (points) per dollar spent on Amazon.com and Whole Foods Market purchases, 2 points per dollar spent at restaurants, gas stations, and drugstores, and 1 point per dollar spent on all other purchases.

There are three ways you can redeem your back rewards:

• Statement credits. When you redeem your points for statement credits, each point is worth 1 cent, so 10,000 points can be redeemed for a $100 statement credit.
• Amazon.com purchases. When you redeem your points for Amazon.com purchases, each point is worth 0.8 cents, so 10,000 points can be redeemed for an $80 Amazon.com purchase.
• Gift cards. You can redeem your points for gift cards at a variety of retailers. The value of your points will vary depending on the retailer and the type of gift card, but generally, they start at 2,500 points ($25).

If you are a member of the Amazon Prime program, you can get an additional 5% back on Amazon.com purchases when you use your card. You can't convert earned reward points directly to cash, but you can redeem them for statement credits.

Finally, the card offers a nice sign-up bonus — you will receive a $100 Amazon gift card instantly. The value of the gift card doubles if the cardholder is a member of Amazon Prime at the time of approval.

Overall, the Chase Amazon Rewards Visa Signature Card offers a convenient and rewarding way to earn and redeem points on everyday purchases.

Who can benefit from getting the Chase Amazon Rewards Visa Signature Credit Card?

The Chase Amazon Rewards Visa Signature credit card may be a good fit for people who:

• Shop frequently at Amazon.com or Whole Foods Market. With this Card, you can earn 3 points per $1 spent on Amazon.com and Whole Foods Market purchases, which can add up to significant rewards if you make purchases at these retailers frequently.
• Dine out or travel frequently. The Credit Card also offers 2 points per $1 spent at restaurants, gas stations, and drugstores, which can be a good option for individuals who frequently dine out or travel and want to earn rewards on those purchases. Also, the card offers various travel-related benefits and guarantees, as well as 1 point per $1 spent on other purchases and no foreign transaction fee.
• Pay off their balance in full each month. The Credit Card has a higher APR than some other credit cards, which means that carrying a balance from month to month can be expensive. As such, this credit card may be a better fit for individuals who can pay off their balance in full each month to avoid paying interest charges. Additionally, you’ll be charged a late fee of up to $39.
• Value simplicity. The rewards program is straightforward and easy to understand, with a fixed earning rate on eligible purchases and no annual fee. This program may be a good fit for people who value simplicity and do not want to have to track multiple earning categories or tiers.

The Chase Amazon Rewards Visa Signature Card offers many earning categories and reward options, making it a flexible choice for those who want to earn rewards for their spendings. If you frequently make purchases at Amazon.com or Whole Foods Market, eat out or hit the road frequently, and have no balance debts, this card is a good fit for you.

Are there any other benefits?

Apart from an extensive rewards program and no foreign transaction fee, the Chase Amazon Rewards Visa Signature card comes with a number of additional perks:

• Lost luggage reimbursement. If your carry-on luggage is damaged or lost by the carrier or stolen, you’ll be covered up to $3,000. This benefit also applies to your immediate family members.
• Travel accident insurance. Use the Chase Amazon Rewards Visa Signature Card to pay for the plane, bus, plane tickets, or cruise to get up to $500,000 coverage in case of accidental death or dismemberment.
• Baggage delay insurance. Your essential purchases like clothing and toiletries will be reimbursed if the carrier delays your bagger for over six hours. You’ll be eligible to receive up to $100 a day for 3 days.
• Travel-related emergency assistance. Even if you’re abroad, you can call Amazon Benefit Administrator for legal or medical advice or any emergency assistance.
• Extended warranty and purchase protection. The Amazon Rewards Visa Signature Card allows you to extend the time period of eligible US manufacturers' warranties by an additional year for warranties of three years or less. It also covers new purchases made with the credit card for 120 days against damage or theft, with a maximum of $500 per claim and $50,000 per account.
• Zero Fraud Liability. Zero Fraud Liability protects cardholders from being held responsible for unauthorized purchases made on their credit card.
• Auto Rental Collision Damage Waiver. The waiver provides coverage for theft and collision damage for most rental cars in the US and abroad. In the US, this coverage is secondary to personal insurance.
• Price protection. If you see an item you purchased with your card advertised for a lower price in a print ad, you may be able to get a refund for the price difference.

Conclusion

Overall, the Chase Amazon Rewards Visa Signature Card offers a convenient and rewarding way for individuals who want a credit card with no annual fee and foreign transaction fees to earn points on everyday purchases and spending like gas stations. While it has a fair credit score requirement, it does have high balance transfer and purchase APRs. The rewards categories are somewhat limited compared to other credit cards, which can even offer no interest for several months or years. Cardholders can also receive special discounts and offers at Amazon.com and Whole Foods, as well as a sign-up bonus upon approval.

It is also worth noting that if you’re an Amazon Prime member, consider the Amazon Prime Rewards Visa Signature Card. It offers all the same bonuses as the Chase Amazon Rewards Visa Signature Card, but it earns higher rewards on Amazon.com and Whole Foods and a bigger sign-up bonus. The Amazon Prime membership also grants you such perks as faster Amazon shipping, access to Amazon Music & Video services, and a 10% discount on Whole Foods. And when you need special financing, either of the Amazon Store Cards may be more helpful.

If you do not plan to use any of the Prime benefits and do not often purchase on Amazon, then the Standard Amazon Rewards Visa Signature Card might be the best option among these two cards.