Introduction

The Amazon Visa credit card, a partnership between Amazon and Visa, has become increasingly popular among online shoppers, offering enticing rewards and perks for Amazon customers. In this review, we’ll be exploring the features, benefits, and key considerations of the Amazon Visa card in 2023.

Rewards and Perks

The Amazon Visa card offers a generous rewards program for its users. Cardholders can earn:

1. 5% cash back on all purchases made at Amazon.com and Whole Foods Market

2. 2% cash back at restaurants, gas stations, and drugstores

3. 1% cash back on all other purchases

Additionally, new Amazon Visa cardholders receive a signup bonus in the form of a gift card once their application is approved.

Cardholders can redeem their rewards as statement credits or use them directly during checkout at Amazon.com. The rewards do not expire as long as you maintain your account in good standing.

Annual Fee and Interest Rates

The Amazon Visa card does not carry an annual fee, making it an attractive option for those who wish to avoid any extra yearly expenses. It does come with variable APR rates on purchases and balance transfers. It’s important to note that the interest rate varies depending on your creditworthiness.

Foreign Transaction Fee

One of the standout features of the Amazon Visa credit card is its lack of foreign transaction fees. This makes it an ideal choice for international travelers or people who frequently shop at retailers located outside of the United States.

Security Features

Like all Visa cards, the Amazon Visa provides strong security features such as chip technology for added protection when used at chip-enabled terminals. The card also offers fraud protection by notifying you about suspicious activity detected on your account and providing zero liability for unauthorized transactions

Pros:

1. No annual fee

2. Generous rewards program with up to 5% cash back on select categories

3. No foreign transaction fees

4. Solid security features and fraud protection

Cons:

1. Limited to Amazon and its affiliated merchants for the highest cash back rewards

2. Variable interest rates may be higher for those with low credit scores

3. Some users report issues with reward redemption

Conclusion

In summary, the Amazon Visa credit card is a great option for frequent Amazon and Whole Foods shoppers who want to earn generous rewards on their purchases. With no annual fee or foreign transaction fees, this card offers significant savings potential for regular users. However, those who do not shop often on Amazon may prefer other cashback credit cards that offer more flexibility in reward categories.