Amazon is the giant in the room that provides easy and instant access to hundreds of thousands of different products.
and Main visa (See Interest Rates and Fees) Technically, annual fees don’t, and one of the caveats is that you have to be a major Amazon user to qualify. Prime members cost $14.99 per month or $139 per year.
Amazon Prime Day starts at 12:01 a.m. on July 8 and until midnight on July 11. Since Prime Day is here, if you are an existing cardholder or apply now, it is a great time to use Prime Visa and take advantage of the welcome offer for upcoming purchases.
It’s hard to assess the value of a major membership based solely on the returns you might get with your online retailer’s credit card – because membership includes many other obvious benefits – but for arguments we’ll try.
Related: 8 Ways to Save Money on Amazon Orders
Welcome offer
this Main visa Currently, it is available for $250 Amazon gift cards specifically for Prime members.
You will get it right after approval. This is a reliable bonus, especially considering that you can use a gift card from day one without spending.
Related: Best Credit Card Welcome Bonus of the Month
Income rate
this Main visa Earn cash. This card earns:
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- Amazon, Amazon Fresh, Total Foods and Chase Travel 5%
- 2% of restaurants (including takeout), gas stations and local transportation and commuting
- 1% of all other purchases
This is the best consistent return you can find on Amazon purchases and is also a considerable (if not obvious) return for the 2% category. Similarly, cardholders with qualified Prime membership can earn 7% return for a limited time during Prime Day (July 8-11) without delivery on qualified items.
There is no limit on the value of the cash backpack you can earn, and you can redeemed the reward to cover all or part of the Amazon purchase. In addition to cash back, you can redeeate rewards on Chase.com to redeem cash, gift cards or travel.
Related: Best Cash Credit Cards
How should you use the card?
This should be your preferred card on Amazon and Whole Foods to maximize unlimited 5% cashback. If you want a simple card setup, you can pair this card with a 2% cash reward card Wells Fargo Active® Card (See rates and fees) Make sure you earn at least 2% on your purchase.
However, multiple cards earn at least 3% or more in restaurants, gas stations and local transportation and commuting American Express® Gold Cardearn 4 points per dollar in global restaurants (the first 50,000 dollars of purchase year per year; then 1 point per dollar) and Blue CashPreferred® Card for American Expressearn 3% cash on gas stations in the U.S. as well as local commuting and transportation. (Cash back is received in the form of a reward dollar and can be redeemed for a declared credit or Amazon.com checkout.)
Related: The Best Credit Cards to Buy on Amazon
Charge your membership fee
Now let’s figure out your breakeven fee to register for an advantage membership and use Main visa card.
But after the first year, you have to spend about $2,780 on Amazon or Whole Foods over the next few years to earn enough cash back to pay off the main subscription fee.
Here is the breakdown: $139 divided by $0.05 (5%) = $2,780
A 2024 Consumer Intelligence Research Partner Analysis found that typical Amazon major members spend about $1,100 a year with retailers. This is not enough to prove that getting a quality membership is for the sole purpose of obtaining a credit card.
For example, if you spend about $1,800 on Amazon and Whole Foods in a year, that will earn you $90 in cashback – well below the $139 discount fee.
Related: The Best Credit Cards for Online Shopping
Benefits of other cards
With this card you will also get numerous other benefits including:
These are some reliable benefits, especially for cards without an annual fee.
Related: Earn Points, Miles or Cash Back: How to Maximize Purchase on Online Shopping Portal
Calculate your primary visa value
Determine if it is worth paying a quality membership fee to get it Main visa Very subjective. Some people may find that 5% of Amazon and whole food purchases return 5% of value.
If you are an Amazon Prime member and spend a lot on Amazon, this card makes a lot of sense to you. Membership is also valuable thanks to the main video and Amazon music streaming service – it’s easy to justify the cost of $139 per year. Throwing a reward credit card in it is just icing on the cake.
However, if you are not taking advantage of quality membership benefits and are considering just getting Prime for this card, carefully calculate whether you earn enough on the card to justify the cost of a major membership. You may find it better to use flat rate cash or travel reward credit cards.
Related: Comparison of flat interest rates with bonus category cash backpack credit cards
Bottom line
If you already have an Amazon Prime membership, Main visa It’s a great addition to your wallet as it doesn’t have an annual fee. You can’t beat 5% cashback every time, especially if you spend a lot of time on Amazon or Whole Foods. However, if you are not a major member or want to earn flexible points, you should consider other cards.
For more information, read our full review of Prime Visa.
Apply here: Prime Visa
