Key takeaways
- With Amazon’s Prime Day occasion right here, it is sensible to have a bank card rewards technique in place. Signing up for the Prime Visa was an enormous a part of one author’s rewards plan this yr.
- Not solely does this money again bank card include no annual price for Amazon Prime members, but it surely provides 5 % again at Amazon.com and Entire Meals all yr lengthy.
- Different causes creator Holly Johnson signed up embrace the cardboard’s versatile redemption choices and built-in client protections, like prolonged warranties and buy safety in opposition to injury or theft.
Amazon Prime Day is occurring July 16 and 17 of this yr, and everyone knows what meaning. Over the course of this two-day procuring vacation, Amazon Prime members get the possibility to attain candy financial savings on objects they might have wished for some time.
I discovered some fairly epic offers on a Kindle Paperwhite and a brand new set of dishes final yr on Prime Day, and I’ve been very pleased with my purchases thus far. I don’t have any assured buys deliberate for this yr fairly but, however I’ve my eye on not less than just a few objects my household needs or wants — at an enormous low cost, after all.
However, this yr can be totally different on Prime Day as a result of I already signed up for the Prime Visa (previously referred to as the Amazon Prime Rewards Visa Signature Card). I obtained this card for its highly effective money again rewards on on a regular basis purchases I purchase although Amazon.com, and having it on Prime Day ought to assist me take my rewards and financial savings to a brand new stage. Right here’s a breakdown of why I made a decision to get this card and why you may need to get it, too:
Incomes 5 % again on Amazon is a no brainer
Whereas I typically change the popular cost technique on my Amazon Prime account, I wasn’t incomes as a lot as doable on these purchases till I obtained the Prime Visa. Essentially the most rewarding bank card I had for normal purchases till lately was the Wells Fargo Energetic Money® Card, which earns a flat 2 % money again on purchases with no annual price.
The Prime Visa earns greater than twice that in a number of classes — you’d get limitless 5 % again on:
- Amazon.com spending
- Amazon Recent purchases
- Entire Meals Market purchases
- Journey by way of the Chase Journey℠ portal
Different bonus rewards classes this card provides aren’t dangerous both, together with 2 % again at gasoline stations and eating places and on native transit (together with rideshares) and commuting. There are additionally Prime Card Bonus Offers that assist customers increase their rewards on eligible purchases that change all year long.
In fact, Prime Day provides the possibility for higher costs on a spread of unique and well-liked objects, which I plan to pair with the bonus rewards on my Prime Visa. For the time being, among the Prime Day offers I’ve my eye on focus on back-to-school provides (my children are in eighth and tenth grade this upcoming yr) and clothes. I can also purchase a brand new Ring doorbell and a brand new set of towels, each of that are being marketed for greater than 50% off.
The Prime Visa is good for present Amazon Prime members
The very fact the Prime Visa doesn’t cost an annual price should you’re already an Amazon Prime member is a vital element. It is a nice profit because the rewards charge is so excessive for Amazon and Entire Meals purchases.
Since my household outlets on-line regularly, we get quite a bit out of our Amazon Prime membership all year long already. That is but another excuse I signed up for the Prime Visa, and why I plan to maintain it for the long term.
Having built-in client protections is essential to me
The Prime Visa comes with a bigger number of perks than many individuals notice, together with journey insurance coverage advantages like:
- Auto rental protection
- Baggage delay insurance coverage
- Misplaced baggage reimbursement
- Journey accident insurance coverage and
- Journey and emergency help
Nonetheless, I actually solely use this card for Amazon and Entire Meals purchases, so none of these perks apply to me anyway.
Advantages that do apply for my Amazon spending are nonetheless actually engaging, together with prolonged guarantee safety on eligible objects that include a producer’s guarantee and buy safety in opposition to injury or theft. The prolonged guarantee protection that comes with this card will increase the time interval of a U.S. producer’s guarantee by a further yr supplied the merchandise has a producer’s guarantee of three years or much less. In the meantime, buy safety from this card is price as much as $500 per declare and as much as $50,000 per account, and it applies to eligible objects for 120 days from the acquisition date.
The Prime Visa provides versatile redemption choices
I additionally like the very fact the Prime Visa comes with so many redemption choices for rewards. The tremendous print on the cardboard says you possibly can redeem for money again, present playing cards, journey by way of Chase Journey or for purchases at Amazon.
These choices work nicely for me since I’m completely tremendous redeeming rewards for extra Amazon purchases. And actually, that’s the one redemption I’ve wanted thus far.
I normally wait till I discover one thing from Amazon that prices greater than I need to pay or for a “splurge” buy I’d in any other case be on the fence about. Then, I take advantage of my rewards to get the merchandise at no cost or at a reduction, which has been extraordinarily rewarding thus far contemplating the Prime Visa’s wonderful money again charge.
The Prime Visa provides an attractive welcome provide
Whereas the Prime Visa’s welcome bonuses fluctuate usually, I used to be capable of get a strong welcome bonus once I signed up. On the time of writing, new cardholders can get an Amazon Present Card price $200 immediately upon approval, solely for Prime members.
There’s no minimal spending requirement listed for this provide, and incomes as much as $200 in an Amazon present card proper off the bat is a reasonably first rate deal — particularly proper earlier than Prime Day. In any case, this bonus is now on par with provides from different well-liked money again bank cards just like the Wells Fargo Energetic Money® Card and the Chase Freedom Flex®*, each of which supply new cardholders $200 after they spend $500 throughout the first three months from account opening.
The underside line
Whereas it took me some time to join the Prime Visa card, I finally moved ahead so I might maximize money again on my household’s Amazon.com spending. Whereas I attempt to purchase most issues at shops in-person once I can, we inevitably flip to Amazon for objects which might be tough to seek out, in addition to these we need to have delivered to our home inside just a few days.
Nonetheless, I nonetheless use my favourite journey bank cards and money again bank cards strategically for different payments and objects we purchase. This recreation plan helps maximize rewards round the best way we dwell and spend all yr lengthy, each on Amazon.com and elsewhere.
*Details about the Chase Freedom Flex® has been collected independently by Bankrate. The cardboard particulars haven’t been permitted or reviewed by the issuer.
