The online all-product marketplace Amazon offers a few different credit cards to its customers. If you’re a regular customer of Amazon without a Prime membership, then the Amazon Rewards Visa Signature Card might be able to help you take advantage of your spending habits.
Benefits and Rewards
The Amazon Rewards Visa Signature Card for non-Prime members comes with solid benefits, and the best of them are geared directly towards Amazon.
Without a Prime membership, you can still get 3% back at Amazon.com, 2% back at all gas stations, restaurants and drug stores, and 1% back on everything else. On top of this, you’ll also get a $50 gift card to Amazon just for getting approved.
When you accrue rewards for spending with the card, these rewards accrue through your Amazon account. You’ll be able to see how much you’ve built up, and you can use them for discounts at checkout. You can redeem any amount of rewards with no minimums.
This credit card also comes with travel and emergency assistance, lost luggage reimbursement perks, baggage delay insurance, and travel accident insurance.
Rates and Fees
Min APR: 15.49%
Max APR: 23.49%
Balance Transfer: 15.49% – 23.49%
Cash Advance: 26.24%
Late Payment: $37
Balance Transfer: $5 or 5%
Foreign Transaction: None
Like its Prime Rewards counterpart, the Amazon Rewards Visa Signature Card comes with no annual fee or foreign transaction fee. However, there are a couple of other fees to keep in mind.
Balance transfers come with a fee of either 5% or a flat $5 – the greater rate is taken. For a cash advance, the fees are either 5% or a flat $10 – the greater fee is taken.
Late fees ranges anywhere from as low as $15 up to $37, depending on the size of the due payment. Returned payments range up to $37 as well.
Like most credit cards, the Amazon Rewards Visa Signature has an APR to consider. Regular purchases and balance transfers come with an APR ranging from 15.49% to 23.49%. The cash advance APR is up to 26.49%. All rates are variable.
If you were a non-Prime member at Amazon and felt left out of the credit card rewards fun, then you can bank on the simple Amazon Rewards Visa Signature Card. It offers similar benefits, albeit lesser benefits, but you can enjoy a simple return on purchases made at Amazon.
Jeff Gitlen writes about a wide range of finance topics including everything from student loans to credit cards to small business financing. Jeff's work has been featured on a number of sites including Bloomberg, CNBC, Forbes, Market Watch, and more.