Prime Day is sneaking up a little earlier than usual this year.that will take place on June 21 and 22, a month earlier than expected. If you’re planning on shopping for deals, Amazon’s own credit card offers some compelling incentives.
The Amazon Prime Rewards Visa Signature Card earns you 5% cash back on purchases at Amazon and Whole Foods. We think it’s one of 10% back in bonus rewards on select rotating Amazon products through Prime Day (up from the standard 5%).if you’re a regular shopper at those stores. And, at the moment, there are a few other compelling benefits. First, the company will drop a $150 gift card in your Amazon account when you’re approved. Second, you can earn up to
In addition to these standard perks, a few Prime Day cardholder incentives were recently announced. Amazon Prime Rewards Visa Card and Amazon Prime Store Card holders with an eligible Prime membership will also earn 10% back in rewards on select small business purchases. Cardholders can also receive $10 back as a credit during the running from Monday, June 7, through Sunday, June 20.
That noted, the Prime Reward Visa’s cash-back rates for purchases at non-Amazon stores aren’t as impressive. You get only 2% back at restaurants, gas stations and drug stores, and 1% back on other purchases. So, if you’re not a regular Amazon or Whole Foods shopper, you may be better off with the Citi Double Cash Card, which offers 2% cash back on every purchase (1% when you buy plus an additional 1% when you pay for those purchases).
Another alternative for Prime Day is the Blue Cash Preferred® Card from American Express, which offers up to 20% back on Amazon.com purchases for up to $200 cash back within the first six months of opening an account. You can also earn up to an additional $200 cash back by spending $3,000 in purchases within the first six months of membership. Lastly, this card offers 6% cash back on groceries at US supermarkets — including Whole Foods — on up to $6,000 per year (after which the cash back rate decreases to 1%). Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. Terms apply.
Still, the Amazon Prime rewards card has no annual fee and the eligibility requirements aren’t particularly stringent. Applicants with a “fair” credit score (approximately 580 or higher) stand a good chance of being approved.
Amazon also offers a slimmed-down version of its Rewards Visa for people who are not Prime members, but the Amazon and Whole Foods cash-back rate is only 3% and signup incentive is lower: a $50 Amazon gift card. But if you’re looking to maximize your Amazon cash-back potential, you’re probably better off becoming an Amazon Prime member first —— and then applying for the full-featured Prime version of the card. In effect, the Prime card’s $100 signup bonus just about covers your first year of Prime membership, which features .
Once you have the Amazon Prime Rewards Visa Signature Card, you can redeem your rewards points when checking out at Amazon or as a statement credit, starting at 2,000 points — equivalent to $20. Check out.
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