- Check that the credit card you’re using on Amazon Prime deals gets you the maximum rewards for every dollar you spend.
- If you’re more concerned about long-term gain, then consider charging your Amazon purchases to a credit card.
- Consider putting your Amazon spending on a Southwest credit card to earn the Southwest companion pass.
How to maximize Amazon savings with your credit cards
Amazon is an online giant. They sell virtually everything. Their Prime option now delivers products in two days or less, which has only added to Amazon’s popularity.
The best credit cards for Amazon purchasing are as follows:
- Discover it Cashback
- Amex EveryDay Preferred Credit Card
- Amazon Prime Rewards Visa Signature Card
- Chase Freedom
- The Platinum Card From American Express
All the above cards reward you when you meet their annual spending requirements. But, if you’re unsure which one to go for here’s a rundown of our favorite five cards. We’re confident any of these will make your money work for you in the long run.
Amazon Prime Rewards Visa Signature Card
This card offers 5% cashback on Amazon and whole-food purchases. Cardholders also get extra benefits too, including 5-15% cashback on certain promotional items. The Amazon card has one of the highest rewards rates around, meaning it’s an excellent option for Amazon purchases. You can also get 2% cashback at restaurants, gas stations, and drugstores. There’s also no annual fee! So, what’s not to like?
Chase Freedom offers 5% cash back on the first $1,500 spent on rotating bonus categories every quarter, once activated each quarter via card account. Categories include Amazon purchases, so the Chase Freedom is a no brainer for shopping on that site. However, a downside to this is Amazon isn’t included in the Freedom’s bonus categories for October to December.
Discover it cashback
Similar to the Chase Freedom card, this one offers 5% cash back on the first $1,500 spent in select categories. This card has a cashback calendar; it shows both previous and upcoming bonus category merchants. With this card, Amazon is included in the merchant list for October to December 2019. There are a lot of Amazon incentives on offer with this card.
Amex Everyday Preferred Credit Card
Although this card only earns one point per dollar spent on non-bonus category spending, it does run double point promotions for Amazon purchases. Cardholders can earn a 50% bonus point every billing period when they charge 30 or more transactions to the card. For every purchase daily, you will receive 1.5 points per dollar spent.
For Purchase protection: The Amex Platinum
This Amex platinum card is worth considering; it’s perfect for sizeable and expensive Amazon purchases. It offers purchase protection for up to 120 days from the date of purchase and has a max of $10,000 per claim and $50,000 per account per year.
A disadvantage to this card is that it has an annual fee of $550. If you travel a lot and can take advantage of the benefits, then it’s a sound card to look at. Other benefits include annual statement credits for Uber, annual incidental fees, Saks purchases, and airport lounge access.
Any card offering an annual spending bonus
If long term-gain is a concern of yours, then consider switching Amazon purchases to a credit card that offers yearly incentives for meeting specific thresholds. One option is to put your Amazon spending on a Southwest card to earn the Southwest Companion Pass. This is a great feature; it allows you to book free airfare for a designated companion if you reach the annual qualifying point goal of 110,000.
Points can be earned via credit card sign-up bonuses and spending count towards this as well. Sign up bonuses can be made on the Southwest Rapid Rewards Plus Credit Card, which has a $69 annual fee), but if you spend $1,000 in the first three months you get another 20,000 points after you spend $12,000 in the first 12 months.
The Southwest Rapid Reward Premier Credit Card and the Southwest Rapid Rewards Priority Card both offer the same rewards; however, their annual fees are different. The first one costs $99 whereas the second has a fee of $149.
The other alternatives are:
- Southwest Rapid Rewards Premier Business Credit Card ($99 annual fee) — 60,000 points after you spend $3,000 in the first three months
- Southwest Rapid Rewards Performance Business Credit Card ($199) — 80,000 points after you spend $5,000 in the first three months
We hope having read this article you now have a better idea of which credit card best suits you. Just remember to do your due diligence before signing the dotted line.
A deeper dive — Related reading from the 101:
Learn how student debt impacts all areas of a person’s life.
Five perks you receive with an Amazon Prime subscription.