Why the Amazon Prime Visa is our Top Pick for Shopping

The Amazon Prime Visa Card is an absolute must for Amazon shoppers. It has solid rewards and benefits, all for no annual fee. Well, Amazon just announced that new cardholders who apply the card by December 4, 2023 will receive a $200 Amazon gift card welcome offer if they are approved. This is the highest bonus we’ve ever seen for the card (it has been $200 a few times before, but it usually hovers around $50-$100).

If you shop at Amazon or Whole Foods Market, this card is an absolute must.

It earns:

• 5% back at Amazon, Whole Foods, and Chase Travel
• 2% back at restaurants, gas stations, and local transit
• 1% back on all other purchases

Additionally, through December 28, 2023, Prime members with a Prime Visa will earn an extra 1% back on purchases when they choose No-Rush Shipping at checkout.

Card benefits include:

• Purchase protection: did the item you buy with your Prime Visa Card break or get stolen? You’ll receive to $500 per eligible purchase within 120 days of the purchase date (maximum of $50,000 per account, per year)
• Travel accident insurance: when you pay for your air, bus, train or cruise transportation with your card, you are eligible to receive accidental death or dismemberment coverage of up to $500,000
• Car rental insurance: this insurance supplements your personal vehicle insurance
• Extended warranty: extends the time period of the U.S. manufacturer's warranty by an additional year, on eligible warranties of 3 years or less

Is there a catch? You have to be an Amazon Prime member to be eligible for the $200 signup bonus and the rewards. An Amazon Prime membership costs $139 annually. You'll pay for a year of Prime, with $60+ left over for holiday shopping, with this limited-time offer.

Keep in mind: with Chase, you are likely to be denied approval for the card if you’ve opened 5 or more cards with ANY issuer in the past 24 months. This is referred to as the Chase 5/24 Rule. Keep in mind that Chase business cards don’t count towards the 5 card rule, but if you try to apply for one after you have opened 5 or more cards, you will likely be denied. If you are planning to apply for multiple cards, you should consider opening Chase business cards first, then Chase personal cards, and finally any other cards with any other bank.

Bottom line: The Prime Visa card has always been a must-have card for frequent Amazon and Whole Foods shoppers. With the current $200 signup bonus that runs through December 4, 2023, it's an ideal time to take advantage of this offer in time for holiday shopping and beyond.