Amazon’s New Prime Credit Card Offers 5% Cash Back

by - 5 years ago

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Amazon is rolling out a brand new store card that gives holders that are Prime members 5% cash back on eligible purchases. The card is different than the current popular Amazon Rewards Visa from Chase, which does not offer the 5% cash back.

The new store card also gives holders the options of 5% cash back in the form of statement credit or 0% financing on purchases more than $149. The store card does not have an annual fee, is backed by Synchrony Bank and comes with fraud protection for piece of mind.  The holder must have their own Prime membership to be eligible for the cash back, as being an invited guest on a Prime account will not count. This card will be a good choice for those users who use Amazon Prime frequently and pay off cards every month, as it does carry a 25.99% APR.  Signing up for the card and being approved will get you a free $40 gift card to make the deal even better.

Amazon Prime Store Card Marketing Page

The only items that are not eligible are “Amazon Prime memberships, digital newspaper and magazine subscriptions, games and software downloads“, as stated by Amazon.

Source: LifeHacker

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1 Comment on Amazon’s New Prime Credit Card Offers 5% Cash Back

  • Avatar FraserSt says:

    There’s also the SallieMae MasterCard that pays 5% cash back on up to $750 in spending each month at bookstores including (which it classifies as a bookstore for most purchases).

    You can also use the reward calculator at to see which cards or sets of cards will pay you more in reward value for your expenses.

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