Amazon is rolling out a brand new store card that gives holders that are Prime members 5% cash back on eligible Amazon.com purchases. The card is different than the current popular Amazon Rewards Visa from Chase, which does not offer the 5% cash back.
The new Amazon.com 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.
The only items that are not eligible are “Amazon Prime memberships, digital newspaper and magazine subscriptions, games and software downloads“, as stated by Amazon.