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With Black Friday on the horizon, customers are gearing up for one of many strangest holidays ever. Navigating social distancing, lockdowns and an unsure retail surroundings will undoubtedly have an effect on many vacation procuring traditions. But not every part can be totally different this yr. Having banked greater than $10 billion in gross sales through the Prime Day interval in 2020, based on one analyst’s estimate, it is clear that Amazon will once more be a go-to supply for tens of millions of customers all over the world.
If you are a type of customers, you need to know that the Amazon Prime Rewards Visa Signature Card earns you 5% cash back on every purchase at Amazon and Whole Foods. We suppose it is certainly one of one of the best cash-back bank cards round — should you’re an everyday shopper at these shops. And, for the time being, there are two different compelling advantages. First, the corporate will drop a $100 present card in your Amazon whenever you’re accredited. And, as soon as you are a cardholder, you are eligible for a further 10% cash back on sure merchandise by means of the top of this month.
That famous, the Prime Reward Visa’s cash-back charges for purchases at different shops aren’t as spectacular. You get solely 2% back at eating places, fuel stations and drug shops and 1% back on different purchases. So, should you’re not an everyday Amazon or Whole Foods shopper, you could be higher off with the Citi Double Cash Card, which provides 2% cash back on every purchase. And if groceries are your main focus, the Blue Cash Preferred from American Express provides a whopping 6% back on groceries at US supermarkets — together with Whole Foods — as much as $6,000 per yr.
Still, the Amazon Prime rewards card has no annual charge and the eligibility necessities aren’t notably stringent. Applicants with a “fair” credit score rating (roughly 580 or greater) stand a great probability of being accredited.
Amazon additionally provides a slimmed-down model of its Rewards Visa for people who find themselves not Prime members, however the Amazon and Whole Foods cash-back fee is just 3% and signup incentive is decrease: a $50 Amazon present card. But should you’re seeking to maximize your Amazon cash-back potential, you are most likely higher off changing into an Amazon Prime member first — which prices $119 per yr — after which making use of for the full-featured Prime model of the cardboard. In impact, the Prime card’s $100 signup bonus nearly covers your first yr of Prime membership, which options many worthwhile advantages.
Once you may have the Amazon Prime Rewards Visa Signature Card, you possibly can redeem your rewards factors when trying out at Amazon or as an announcement credit score, beginning at 2,000 factors — which is equal to $20. Check out all the rewards and redemption particulars right here.
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(This story has not been edited by Newslivenation employees and is auto-generated from a syndicated feed.)