A friend of mine (thanks Rick!) brought this one to my attention. Sure, I’ve seen links and been prodded at check out about this program, but I never really looked into it. Until now.
Amazon has a couple of cards through Chase that provide cash rewards for all of your shopping. Let’s see how they break down.
| Amazon Rewards Visa Signature Card | Amazon Prime Rewards Signature Card (Requires an eligible Prime membership) | |
|---|---|---|
| Annual Fee | $0 | $0 |
| Cash Back at Amazon.com and Whole Foods Market | 3% | 5% |
| Cash Back at Restaurants, Gas Stations, and Drug Stores | 2% | 2% |
| Cash Back on all other purchases | 1% | 1% |
| Sign up Bonus | $50 Amazon Gift Card | $70 Amazon Gift Card |
In addition to the cash back, they both also provide the following benefits:
- No foreign transaction fees
- Travel and Emergency Assistance
- Lost Luggage Reimbursement
- Baggage Delay Insurance
- Travel Accident Insurance
- Roadside Dispatch
- Auto Rental Collision Damage Waiver
- Purchase Protection
- Extended Warranty Protection
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Room upgrades and VIP guest status, enjoy exclusive benefits at premium properties in the Visa Signature Luxury Hotel Collection.
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Visa Signature Concierge Service is available 24/7 to assist with planning and booking.
Let’s take a look at the math. I have Amazon Prime. I pay the $120 for things like free 2 day shipping, free books, Prime Video, Prime Music, etc. A lot of us do.
In 2017, I spent around $3700 at Amazon (and I’ll venture to say most of it was around Christmas.. ouch!)
That would equate to $185 in cash back rewards, more than covering the cost of Amazon Prime.
For more information, check out this link.
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