Credit cards that offer rewards, points and miles for every dollar you spend shopping are a great way to maximize your rate of return on your every day spending expenditures. However, in order to make credit card rewards pay off it is very important to get the right rewards credit card.
Finding out which reward credit card program is best takes a little bit of research. One of the most important factors in choosing the right rewards card is picking one that you will actually use both for spending and for redeeming points and miles for rewards. There is no sense in getting a Capital One Rewards credit card for free travel if you never really fly anywhere.
A top credit card rewards offer for people who don’t travel a lot is the Amazon.com Rewards Card which offers cardholders points for every dollar spent on a wide variety of purchases. Instead of redeeming points for free plane tickets, Amazon credit card users get free gift certificates to Amazon.com
Amazon.com Rewards Visa Card from Chase
The Amazon credit card rewards program comes with a lot of advantages for card holders with good credit scores. New customers looking for a credit card for people with bad credit or credit cards for people with recent bankruptcy might have to look elsewhere though.
New Amazon rewards card holders get $30 cash back with their first purchase on the Amazon Visa card.
Amazon rewards members earn points for every dollar spent on the card.
The big earnings come from shopping at Amazon.com which is not surprising. Cardholders earn 3 points for every dollar spent on amazon.com. In addition, credit card holders earn double points, or 2 points for every dollar spent at gas stations, restaurants and drug stores. All other places like grocery stores, bookstores, and clothing stores earn 1 point for every dollar spent.
Is Amazon Reward Card Worth It?
The best credit card reviews include not just the credit cards interest rate and whether or not the card has an annual fee, but also the value of the rewards offers and what is included in the credit card rewards catalog.
The Amazon.com Visa card is a great credit card to review because it is so easy to examine the card’s overall value.
The top value of Amazon Rewards Visa comes when you use the card a lot on Amazon.com.
The main item in the Amazon rewards catalog is a $25 Amazon.com gift certificate for 2,500 points. Other rewards in the rewards point chart are $50 cash back for 5,000 points. That makes the Amazon Visa a top value in credit cards issued by U.S. Banks.
If you spent all of our money on the Amazon credit card, earning 2,500 points would take spending just $833.33. That makes a best cash back value reward of $25 cash back for every $833 of purchases. The cash back percentage on the Amazon.com Visa card at this level equals 3% cash back on purchases made at Amazon.com. That is one of the highest cash back offers of any credit card. It is higher than cash back from Fidelity credit card and higher than the cash back rewards in the Citibank rewards catalog.
Of course, the cash back value declines with each dollar spent somewhere other than Amazon, but for heavy shoppers at Amazon this card is a great value.