Amazon announced last week that new Amazon Prime Rewards Visa Signature cardholders will get a $200 Amazon gift card upon application approval. Additionally, the card will earn 6% cash back — rather than the usual 5% — for Amazon and Whole Foods purchases. The new welcome bonus and rewards increase will only be available from July 1 to July 29.
This comes just in time for Prime Day, which takes place from July 12 through July 13. Prime Day offers shoppers a slew of impressive deals to choose from, and now Amazon cardholders can earn even more rewards for their purchases. For people thinking of adding the Amazon Prime Rewards Card to their wallet, early July is the time.
With most credit cards, new cardholders must reach a certain spending threshold before obtaining the welcome bonus. With the Amazon Prime Rewards card, however, new cardholders will get the $200 gift card instantly upon account approval. Just keep in mind this promotion is only available for the Prime version of the card, not the non-Prime version.
While the credit card doesn't require an annual fee, prospective cardholders will need to have an active Prime membership, which currently costs $139 annually or $14.99 monthly. So if you're already a Prime member and don't have the card (or another rewards card), there's no reason to miss out on the new offer.
Along with its high cash back rate for Amazon purchases, the Amazon Prime Rewards Card comes equipped with an impressive array of shopping and travel protections:
Card Highlights
Intro BonusUp to a $150 Amazon Gift Card instantly upon approval
APR14.99% to 22.99% Variable
Recommended CreditExcellent/Good
Annual Fee$0
Intro Purchase APRN/A
Additional Details
Balance Transfer FeeEither $5 or 5% of the amount of each transfer, whichever is greater.
Balance Transfer APR14.99% to 22.99% Variable
Late Payment FeeUp to $39
Foreign Transaction FeesNone
Rewards & Redemption Details
If you frequently shop with Amazon and are already a Prime member, consider applying for this card. It's rewarding and comes with a handful of protections that insure your new purchases — and yourself — while traveling.
The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.