Amazon’s “Prime Visa” Credit Card Increases Bonus Ahead of Prime Day

Amazon’s “Prime Visa” Credit Card Increases Bonus Ahead of Prime Day

All Prime Visa information is independently collected by Clark Howard, Inc.

Are you excited about the potential deals you can snag during Amazon’s Prime Day?

You can increase your savings by offering a new, limited-time sign-up bonus for the Prime visa credit card.

For a limited time, the following offer is available to Amazon Prime members:

From June 27 through July 24, Prime members can get a $200 Amazon Gift Card immediately upon approval for Prime Visa.

Amazon typically offers a gift card as a welcome bonus with this credit card, but it is usually worth around $100. This is a good deal!

And it’s just the right time for those of you considering adding this rewards card to your wallet.

Amazon Prime Day 2024, a two-day shopping event featuring deep discounts on popular items, will be held on Tuesday, July 16 and Wednesday, July 17.

So theoretically, you could sign up in time to use that gift card for a Prime Day deal.

Is the Amazon Prime Visa worth it?

Money expert Clark Howard cautions against making a long-term credit card decision based on short-term gains, so you may wonder whether applying for the Prime Visa is worth more than buying a simple gift card.

The answer likely comes down to your status as an Amazon Prime member and the frequency with which you shop with the online retail giant.

The card has no annual fee and offers 5% back on purchases made at Amazon, Amazon Fresh and Whole Foods. The return is so good that we put it on our “best of” rewards credit cards, grocery credit cards and store credit cards lists.

Additionally, eligible Prime cardholders can get 10% or more back on a rotating selection of items and categories on Amazon.

You can also get 2% back at gas stations, restaurants and local public transportation. All other purchases get 1% back.

You can also spend money internationally without foreign transaction fees.

While this won’t get you the unlimited 2% cash back on all purchases that Clark recommends for everyday spending, it can be an excellent additional card in your wallet to boost your cash back earnings.

Are you an Amazon customer? Do you use this credit card? We would love to hear your thoughts in the community.