Credit cards are now being used for a lot more than just purchasing goods and services. They are also being used as a form of payment for rent, car rentals, airfare, and even healthcare. Certainly, a credit card is an important tool in our daily lives as it provides us with convenience and security. We can even use it to buy all our life necessities without having to carry cash or use a debit card.
Credit cards also allow us to transfer money between different people or companies when needed, which is especially useful when paying back loans or debts that were taken out. One of the credit cards that’s getting word-of-mouth and social media attention today is the Amazon Credit Card. This credit card is issued by JP Morgan Chase Bank partnered with Amazon company and is currently available in the United States of America.
What is Amazon Credit Card?
It also provides access to Amazon Prime and allows users to shop on Amazon anytime, anywhere. It also offers low rates and no annual fees. This credit card offers more perks than your traditional credit card as it allows you to have at least a 5% return on Amazon and Whole Foods purchases. Furthermore, the information below is the many benefits of having an Amazon Credit Card.
Benefits of Amazon Credit Card
5% refund on Amazon and Whole Foods Purchases
Amazon Credit Card gives you 5% back on Amazon purchases. This card can be used at Whole Foods as well, so you can get extra discounts on your grocery bills. You can also earn 2% on restaurants and gas stations, and 1% on other specialized purchases. Take note that you can only avail of the refunds as long as you are maintaining your membership on Amazon Prime.
Rewards and Instant Gift Cards
Amazon Credit Card has a lot of benefits that make it a good choice for shoppers. It is convenient and easy to use, and it has the ability to save you time and money. An example of their rewards is allowing you to earn points worth $0.01 each and use these points for other Amazon purchases or redeem them for cash backs. For gift cards, an instant gift card worth $100 will be given to you upon the approval of your card.
There are so many more rewarding redeems, gift certificates, and points offered by Amazon Credit Card. Some of these things don’t need to meet any spending requirements before you can take advantage of any of them.
No annual fee is needed
A lot of the best credit cards you can look upon on the internet charge yearly fees but the Amazon Credit Card is a great way to save money or use it with confidence knowing you won’t have to spend an annual fee! Which makes it a smart choice for anyone who wants to take advantage of the benefits of the card without breaking the bank.
But keep in mind that you still have to maintain your Amazon prime membership which cost $119 yearly. Anyhow, Amazon Prime members have access to the best deals and discounts that they wouldn’t be able to find anywhere else. The card also comes with no annual fee, so it’s an easy way for people who don’t want to spend their money on monthly membership fees or other costs associated with shopping online.
No foreign transactions fees
Amazon Credit card has a lot of benefits that other credit cards don’t have. It’s one of the most popular shopping credit cards in the world with over 21 million active accounts. And if that still doesn’t convince you, users of Amazon Credit cards can enjoy no overseas transaction fee and zero percent foreign transaction fee. Making it different from other traditional bank credit cards with a 3% overseas transaction fee.
Consumer and Travel Protection
If you travel frequently, the Amazon Credit Card can help you save money when traveling abroad. You can use the card to pay for travel expenses and get baggage safety, travel accidents, and baggage loss protection if your travel plans go awry.
Consumers, on the other hand, can purchase protection extended warranty protection, and even car rental insurance to protect themselves from any financial mishaps.
Bigger sign-up bonus
Aside from giving you the opportunity to earn points that can be redeemed for cash back or gift cards from thousands of merchants, Amazon Credit Card also has a sign-up bonus which was updated recently. As mentioned earlier, the gift card upon approval is $100, but as of the moment, users of the Amazon Prime Visa Signature Card can have $150 as a sign-up bonus. This amount may be for a limited time and is unusual from the bonus you get instantly from others, but the Amazon Credit card has no spending requirement, unlike others.