online shopping

Review: Amazon Prime Rewards Visa

The Amazon Prime Rewards Visa Signature credit card is issued by Chase Bank. Although it’s a store card with limited usage, it has decent benefits, and it’s good at what it does. The sign-up bonus is also easy to get, since it doesn’t have a minimum spending requirement like other cards.

FEATURES AT A GLANCE

  • No annual fee
  • No foreign transaction fee
  • 5% cash back at Chase Travel for booking flights, hotels, or car rentals (3% instead if you’re not a Prime member) (new benefit as of May 2023)
  • 5% cash back at Amazon and Whole Foods (3% instead if you’re not a Prime member)
  • 2% cash back at restaurants and gas stations
  • 2% cash back on transit and rideshare (as of May 2023, replacing the former “drugstore” category)
  • 1% cash back for everything else

Review: Bank of America Customized Cash Rewards

Bank of America Customized Cash Rewards is a Visa credit card which lets people choose a category for earning 3% cash back. There are some hoops to jump through (see below) but the card can be a decent earner. It’s a flexible card with good niche usage potential. Most people should consider the card, although the highest value is reserved for Preferred Rewards customers at Platinum Honors tier or above.

In August 2023, Bank of America expanded their 3% categories slightly. “Gas” now includes electric vehicle charging stations. “Online shopping” now includes cable, streaming, internet, and phone plans.

FEATURES AT A GLANCE

  • No annual fee
  • 3% foreign transaction fee
  • 3% cash back in the category of your choice (6 options) up to $2,500 spent per quarter
  • 2% cash back at grocery stores and wholesale clubs
  • 1% cash back on everything else

3% eligible categories:

  1. Gas and EV charging stations (default category until changed)
  2. Online shopping (including Amazon) and cable/streaming/internet/phone plans
  3. Dining
  4. Travel
  5. Drug stores and pharmacies
  6. Home improvement and furnishings

The Top 5 Credit Cards for Amazon Purchases

Billions of people visit Amazon each month, so getting a decent cash back rate at Amazon can be fairly important. The company isn’t without controversy, but we’re going to focus solely on cash back credit cards with the below information. Amazon still has more than 200 million Prime members and has been designated America’s most trusted retailer. Note that Amazon frequently has promotions to save even more money.

Outside of these top 5 options (which are all Visa Signature cards), check out our list of the best cards for everyday spending. It’s pretty easy to earn 2% to 5% cash back on all purchases.