If you’re someone who orders pretty much everything from Amazon, you may consider joining the ranks of TPGers who have and love the Prime Visa. The Prime Visa is Amazon’s flagship credit card from Chase that is beloved by TPG staffers and readers alike thanks to its unmatched cash-back earnings on Amazon purchases.
The Prime Visa has no annual fee, but it does require cardholders to have an active Prime membership, which costs $14.99 per month or $139 per year.
Right now, the Prime Visa is offering one of its best welcome offers — just in time for holiday shopping.
Let’s examine why this card is worth adding to your wallet.
Prime Visa welcome offer
For a limited time, new Prime Visa applicants will receive an instant $200 Amazon gift card upon approval.
This is one of the best welcome offers we’ve seen for the Prime Visa, and it’s made even better by the fact that it’s delivered instantly upon approval — no spending is required. This $200 gift card can be especially useful with Black Friday and holiday shopping right around the corner.
Should you get the Prime Visa?
The Prime Visa is one of the best cards for Amazon and Whole Foods purchases, but it also has ongoing perks that can make this card a great addition to your wallet.
The Prime Visa has many generous unlimited bonus-earning categories:
- 5% cash back on amazon.com purchases
- 5% cash back on Amazon Fresh and Whole Foods purchases
- 5% cash back on Chase Travel℠
- 2% cash back on gas
- 2% cash back on restaurants (takeout and delivery included)
- 2% cash back on local transit and commuting (including ride-hailing services)
- 1% cash back on all other purchases
Daily Newsletter
Reward your inbox with the TPG Daily newsletter
Join over 700,000 readers for breaking news, in-depth guides and exclusive deals from TPG’s experts
Cash back is earned in the form of rewards points, which can redeemed for cash back, Amazon purchases, gift cards or travel booked through the Chase Travel portal. Prime Visa cardholders can redeem the rewards they earned as soon as the next day.
These are industry-leading cash-back rates on purchases at Amazon that can be especially useful with the holiday shopping season fast approaching. For instance, if you spend $1,000 at Amazon for Christmas shopping, the 5% cash back would equate to $50 earned.
Prime Visa cardholders also receive 10% cash back on a rotating selection of items and categories.
Additionally, the Prime Visa card comes with various purchase and travel protections, including:
- Purchase protection
- Extended warranty protection
- Auto rental coverage
- Roadside assistance
- Baggage delay insurance
- Lost luggage reimbursement
- Travel accident insurance
- Travel and emergency assistance
It’s important to note that you must be under Chase’s 5/24 rule to be eligible to apply for this card. You may want to wait before applying for this card if you are close to being at 5/24 and are interested in other Chase cards that may offer more cash back in other categories or earn a transferable currency.
If you don’t shop at Amazon frequently or don’t have a Prime membership (which is required), this card may not be best suited for you.
Related: Prime Visa card review: A good choice for regular Amazon shoppers
Bottom line
The Prime Visa is an excellent no-annual-fee card that offers an unrivaled 5% cash back on Amazon and Whole Foods purchases. However, if you are over Chase’s 5/24 rule, you won’t be eligible and should consider other card options.
If you have a Prime membership and shop at Amazon frequently, the Prime Visa is a no-brainer to have in your wallet. Plus, the instant $200 Amazon gift card upon approval makes now an excellent time to get it, especially with the holiday season nearing.
Apply here: Prime Visa
