How to Maximize Rewards With the Amazon Rewards Visa Signature Card
The Amazon Rewards Visa Signature Card earns rewards at its highest rate – 3% back – at Amazon.com and Whole Foods Market. It’s also a good idea to use the card when making purchases at restaurants, drugstores and gas stations, where you’ll earn 2% back. The card offers 1% back on all other purchases. If you frequently shop with Amazon and Whole Foods, you could consider investing in an Amazon Prime membership, which costs about $13 a month or $120 a year. Eligible Amazon Prime members can get the Amazon Prime Rewards Visa Card, which earns 5% back at Amazon.com and Whole Foods Market.
You can redeem your points for cash or to make purchases at Amazon.com. It’s also possible to redeem for travel, gift cards and more. There is no minimum redemption amount, and points remain available as long as you have an open account.
The sign-up bonus is automatic and requires no minimum spending. The Amazon Rewards Visa Signature Card offers a $50 Amazon.com gift card upon approval. The gift card value will increase to $100 if you have an eligible Amazon Prime membership upon approval for the card.
What Are the Fees Associated With the Amazon Rewards Visa Signature Card?
- Annual fee: There is no annual fee.
- Foreign transaction fee: There is no foreign transaction fee.
- Balance transfer fee: 5% of the transfer, or at least $5.
- Cash advance fee: 5% of the transaction, or at least $10.
- Late payment fee: The late payment fee can be up to $39.
- Returned payment fee: The fee for returned payments can be up to $39.
Should You Get the Amazon Rewards Visa Signature Card?
- Make frequent purchases at Amazon.com or Whole Foods Market.
- Don’t want to pay an annual fee or foreign transaction fee.
- Aren’t looking for a big sign-up bonus.
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