If you make a lot of purchases through Amazon.com, paying with the Amazon.com Rewards Visa Credit Card can help you earn points for every dollar spent. You can redeem your points for Amazon.com gift certificates, and use the certificate to make additional purchases from all your favorite vendors. The card has a zero percent introductory APR, and does allow for balance transfers.
The Amazon.com Rewards Visa Card is issued by Chase Bank USA, and all accounts are subject to credit approval. Here’s a close look at the top benefits of having an Amazon.com Rewards Card, and what you can expect as a cardholder.
Top Benefits of Having an Amazon.com Rewards Card
One of the biggest benefits of having an Amazon.com Rewards Visa Card is that you can use the card immediately after approval. Even though the card will be shipped to your billing address within a few business days, you will be able to start charging to your account immediately after approval. You will also be able to earn rewards points on eligible purchases.
Some of the key benefits of having an Amazon.com Rewards Card include:
-Getting cash back within a few days of your first purchase of the card. As of August 2010, Amazon.com is offering $40 cash back on eligible purchases. This amount may vary depending on the time you apply for your card.
– Rewards points on eligible purchases. As of August 2010, Amazon.com Rewards Card holders earn 3 points for every $1 spent on Amazon.com, 2 points for every $1 spent at gas stations, restaurants and drug stores, and 1 point for every other dollar spent on other types of purchases. You can redeem points for several different rewards, including $50 cash back for 5,000 points.
– No annual fee
– Zero liability protection against unauthorized purchases made online
– Option to transfer balances from other high-interest credit cards
– No finance charges when the consumer repays the balance before the end of the promotional period
Applying for an Amazon.com Rewards Card
Amazon.com offers instant approval online. Most applications that are submitted online are responded to in under 60 seconds, depending on the Internet connection. Applicants need to provide basic information so that Chase Bank can run a credit check, and confirm that their credit history is clear of seriously delinquent accounts and charge offs by checking a small box at the beginning of the application. Amazon.com does need to know what the applicant’s gross annual household income is, and the current employer’s name and phone number.
The Amazon.com Rewards Card Terms and Conditions are listed right within the online application, and include APRs for balance transfers, cash advances, penalties, billing cycle information and the complete listing of fees. Chase Bank uses the daily balance method to calculate the balance on each statement.
In some cases, having a Chase credit card with rewards options may make the applicant ineligible to receive a similar bonus offer or promotional pricing.