Since the merits of having this card are all about how often you spend money at Amazon or Whole Foods, the first thing you want to look at is how much money you spend at those two retailers each month.Įvery dollar you spend at either retailer will earn you an additional 3% back on the purchases with the Amazon card versus a 2% card.

This Amazon card isn’t quite that, but could it actually be better for a segment of dedicated Amazon consumers? Money expert Clark Howard’s standard credit card recommendation is to get a rewards card that pays unlimited 2% back on all purchases without an annual fee. Zero-liability fraud protection: If your credit card is lost or stolen, you’re not going to be held liable for any fraudulent charges made with your card.The coverage is secondary to your personal auto insurance, but it can still save you money. Auto rental insurance: Amazon says, to get this coverage, you simply decline the rental company’s collision insurance and charge the entire rental cost to your Amazon card.The manufacturer warranty has to be three years or less to qualify. Extended warranty on many purchases: If you use this card to make a purchase on an eligible warrantied product, it will extend the time period for the manufacturer’s warranty by an additional year.At the time of this article, the offer was for a $100 gift card. Instead, it offers an instant gift card that is added to your Amazon account upon application approval. Gift card freebie upon approval: This credit card does not have a traditional welcome bonus that offers a cash reward for a certain threshold of spending.These are limited time offers, may have some restrictions and must be purchased with the credit card to receive the big discount. 10% or more off select Amazon products: Cardholders will gain access to discount opportunities on select Amazon products.

You can use your accumulated points to pay for Amazon purchases directly, as credit card statement credits via Chase, or you can request a deposit of the cash back to a bank account you attach to your credit card account. These will be available to use as soon as the next day after a purchase clears. You’ll receive your cash back in the form of rewards points. Either $5 or 5% of the amount of each transfer, whichever is greater.

Amazon credit card review