Shopping Prime Day with the Amazon credit card: Is it worth it? Get 5% cash back on every purchase, 10% cash back on select purchases and a $150 Amazon gift card for signing up.

Prime Day is sneaking up a bit earlier than usual this year. Amazon has announced That prime day 2021 Will be on June 21 and 22, a month earlier than expected. If you’re planning on shopping for deals, Amazon’s own credit card offers some tempting incentives.

The Amazon Prime Rewards Visa Signature Card gives you 5% cash back on purchases at Amazon and Whole Foods. we think it’s one of these Best Cash-Back Credit Card If you are a regular buyer of those stores. And, for the time being, there are some other compelling benefits. First, the company will drop a $150 gift card into your Amazon account if you’re approved. Second, you can earn up to 10% back in bonus rewards on select rotating Amazon products through Prime Day (up from the standard 5%).

In addition to these standard perks, some Prime Day cardholder incentives were recently announced. Amazon Prime Rewards Visa Card and Amazon Prime Store Card holders will earn 10% back rewards on select small business purchases with an eligible Prime membership. Cardholders can get $10 back in credit during this time spend $10, get a $10 promotion Running from Monday, June 7th to Sunday, June 20th.

It’s noted, Prime Rewards Visa’s cash-back rates aren’t as impressive for purchases at non-Amazon stores. You only get 2% back at restaurants, gas stations and drug stores, and 1% back on other purchases. So, if you’re not a regular Amazon or Whole Foods buyer, you may be better off with the Citi Double Cash Card, which offers 2% cash back. Everyone Purchases (1% when you buy plus an additional 1% when you pay for those purchases).

Another Prime Day alternative is American Express’s Blue Cash Preferred® Card, which gives up to $200 cash back on purchases within the first six months of account opening. You can also earn an additional $200 cash back by spending $3,000 on purchases within the first six months of membership. Lastly, the card offers 6% cash back on groceries at U.S. supermarkets — including Whole Foods — for up to $6,000 per year (after which the cash back rate drops to 1%). Cash back rewards are received in the form of dollars which can be redeemed as statement credits. conditions apply.

Still, the Amazon Prime Rewards Card has no annual fee and the eligibility requirements aren’t particularly stringent. Applicants with a “fair” credit score (around 580 or higher) have a good chance of being approved.

Amazon also offers a slimmed-down version of its Rewards Visa for those who aren’t Prime members, but the Amazon and Whole Foods cash-back rate is only 3% and the signup incentive is low: a $50 Amazon gift card. But if you’re looking to maximize your Amazon cash-back potential, you’re probably better off becoming an Amazon Prime member first. which costs $119 per year — and then applying for the full-featured Prime version of the card. In fact, the Prime Card’s $100 signup bonus covers your first year of Prime membership, with features like many worthwhile benefits.

Once you have an Amazon Prime Rewards Visa Signature card, you can add your rewards points starting at 2,000 points when checking out on Amazon or as a statement credit — the equivalent of $20. check out All Rewards and Redemption Details Here.

The editorial content on this page is based solely on objective, independent assessments by our authors and is not influenced by advertising or partnerships. It is not provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.

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