When Amazonkicks off on Tuesday, online shopping pros will be ready to — and earn cash back on every purchase. While there are a few on the market, the Amazon Prime Rewards Visa Signature Card is hard to beat for Prime Day shopping. The 5% cash back on all Amazon (and Whole Foods) purchases makes it one of on any day, and a must-have for anyone who regularly shops at either store. And the company will drop a $100 gift card in your Amazon account the moment you’re approved.
That noted, though it’s tough to beat on Amazon purchases, the card’s cash back rates for non-Amazon purchases are less impressive: you get only 2% back at restaurants, gas stations and drug stores and 1% back on all other purchases. If you’re not a frequent Amazon shopper, you may be better off with the Citi Double Cash Card, which offers 2% cash back on every purchase. And if groceries are your primary focus, the Blue Cash Preferred from American Express offers a whopping 6% back on groceries at US supermarkets (including Whole Foods) up to $6,000 per year.
Still, the Amazon Prime rewards has no annual fee and the eligibility requirements aren’t particularly stringent: applicants with a “fair” credit score (approximately 580 or higher) stand a pretty 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 — which is equivalent to $20. Check out.
Amazon Prime Day 2020 starts Tuesday, Oct. 13 and runs through Wednesday, Oct. 14, and some.