I don’t know about you, but at my house, we seem to have a new box from Amazon arriving almost every day. Which credit card should you use for Amazon purchases?
Best Credit Card For Amazon Purchases – My Top Three Choices
Let’s work through the three credit cards that make the most sense for your Amazon purchases.
Amazon Prime Rewards Visa Signature Card
You might instinctively think that an Amazon co-branded credit card would be best. Indeed, the Amazon Prime Rewards Visa Signature Card offers:
- 5% back on all Amazon and Whole Foods purchases
- 2% back on all drugstores, gas station fuel purchases, and restaurants
- 1% back on everything else
A Prime Membership (currently $139/year) is required to obtain this card, but the card itself has no annual fee.
I’d say that for most of your smaller purchases on Amazon, this card is best. The purchase protection is limited to $500 and there is no price protection or return protection.
Capital One Venture Cards
The Capital One Venture and Venture X cards are both solid alternatives, especially if you do not have Prime Membership. These card offers two points per dollar on Amazon purchases and offers lucrative transfer partners that make Capital One a valuable currency (compared to what it was just a couple of years ago).
Will you get more than five cents in value from your redemptions? Dollar-wise, you are unlikely to on all but the most luxurious longhaul first class redemptions (and you wouldn’t pay retail for those tickets anyway).
Yet I find that when I use money-back cards it leads to less travel, since I am more hesitant to use cashback points to buy points rather than simply bank the cash. However, for those who have no problem with this, saving 5% on your Amazon purchases and then taking advantage of purchased miles promotions from various airlines makes more sense.
These cards are currently offering a sign-up bonus of 75,000 bonus miles when you spend $4,000 in the first three months of opening an account.
You can sign up for a card here and support Live and Let’s Fly.
Discover it Cash Back Card
The Discover it Cash Back card offers 5% cash back on select purchase categories on a rotating basis. That means at most you’ll get 5% back one quarter of the year (in 2022, it will be in the fourth quarter).
What makes this credit card more interesting is that Discover will match your rewards during your first cardmember year, meaning you could net a 10% rebate on Amazon purchases.
This card also has no annual fee, though it does not have extended warranties or purchase and price protection.
Honorable Mention – Chase Freedom Unlimited + American Express The Blue Business Plus
The Blue Business Plus credit card from American Express also offers two points per dollar on Amazon spending (the first $50,000 in spending each year, earns two points per dollar) while the Chase Freedom Card offers great purchase protection and also two cents per point in value when combined with a Chase Sapphire or INK Business Preferred card.
Neither card has an annual fee. You can sign up for either card here and support Live and Let’s Fly.
If you’re spending big on Amazon, the Amazon Prime Rewards Visa Signature Card simply makes sense. However, if your Amazon purchases are more limited or you are concerned about applying for too many credit cards, you might want to consider a Capital One Venture card.
To my regular readers: you need not expect frequent credit card posts, but I did not want to address this topic since my family buys so much from Amazon.
What card do you use for your Amazon purchases?