Amazon Rewards Visa Signature Credit Card – Full Review [2021]

These days, we are online shopping now more than ever, and if there is 1 website that reigns supreme when it comes to online shopping, it’s Amazon.

If you’re someone who regularly shops with Amazon, then it could make sense to add a credit card to your wallet that provides some cash-back for all of those purchases — that is where the Amazon Rewards Visa Signature Card comes in.

In this guide, we will provide a breakdown of the benefits and cash-back you can receive from the Amazon Signature card to help you determine if the card makes sense for you.

• 3% cash-back at Amazon and Whole Foods Market
• 2% cash-back at restaurants, gas stations, and drugstores
• 1% cash-back on all other purchases
• No foreign transaction fees
• No annual fee
• Purchase protection/extended warranty protection
• Baggage insurance
• Rental car insurance

• Earns less cash-back on Amazon and Whole Foods purchases than the Amazon Prime Rewards Visa Signature Card

If you can’t get enough of Amazon and do your grocery shopping with Whole Foods, then you could really earn a lot of cash-back by using the Amazon Signature card.

The card is also rewarding for everyday purchases at restaurants, gas stations, and drugstores, plus offers a solid group of benefits that provides even more value to cardholders.

Baggage Delay and Lost Luggage Insurance

If your bag is delayed by more than 6 hours during your travels, your card will cover you for any emergency supplies you purchase, like clothes or hygiene essentials, up to $100 per day for up to 3 days.

If your bag is lost entirely or any of the items inside of it are damaged, especially valuables, then you’re covered up to $3,000 per person per trip.

Rental Car Collision Damage Waiver

When you pay for your rental car with the Amazon Signature card, you can decline the company’s collision insurance and be covered for theft and collision damage for most rental cars.

Keep in mind that this is secondary insurance coverage, so it will only kick in after you’ve submitted a claim with your primary car insurance provider if you have one.

Purchase Protection

Obviously, if you’re planning on adding the Amazon Signature card to your wallet, you probably plan to buy a fair amount of items from Amazon. Well when you do, those items are covered against accidental damage or theft up to $500 per claim and $50,000 per year, for up to 120 days from the purchase date.

Extended Warranty Protection

This protection increases the U.S. manufacturer’s warranty of an item by 1 year if the original warranty is less than 3 years. In order to get this coverage, you must have paid for the item with your Amazon Signature card.

• You frequently shop with Amazon or Whole Foods
• You want a card that offers flexible redemption options

• You don’t shop much with Amazon or do your grocery shopping at Whole Foods
• You prefer a cash-back card that isn’t specific to a certain merchant

Amazon and Whole Foods Purchases

Naturally, since this is the highest bonus category for the card, you’ll want to make sure that you make all purchases with Amazon or Whole Foods using this card to earn 3% cash-back.

Restaurant, Gas Station, and Drugstore Purchases

While the Amazon Signature card is great for Amazon purchases, it is also great for everyday purchases that fall within categories like restaurants, gas stations, and drugstores, as you can earn 2% cash-back on all these purchases.

All Other Purchases

Finally, you’ll earn 1% cash-back on all other purchases falling outside of the above categories. This gives cardholders the peace of mind that no matter what your purchase, you’ll always earn some cash-back.

Amazon Purchases

Cash-back earned with your Amazon Signature card is stored as rewards points within your Amazon account that are worth a fixed 1 cent per point. This way, you’ll have the option of applying points towards any purchase when you’re ready to check out.

Fortunately, there is no minimum redemption amount required, so you can use a few points to lower the total on each purchase or save them up towards a big redemption.

Cash-Back, Gift Cards, or Travel Purchases

If you don’t want to redeem your rewards for Amazon purchases, you’ll also have the option to redeem your points for cash-back to offset other purchases made with your card, gift cards, and even travel purchases. These redemption options are only available to you when you sign-in to your account with Chase and are worth 1 cent per point, just like Amazon redemptions.

Bottom Line: You really can’t go wrong when it comes to redeeming your rewards points from the Amazon Signature card since every option gives you a value of 1 cent per point. But we recommend you focus on using them for Amazon purchases and cash-back since those options provide the most flexibility. 

Chase Freedom Unlimited® card

If you want a cash-back card that offers more flexibility when it comes to how to earn rewards, and how to redeem them, then consider the Freedom Unlimited card. The card earns 1.5% back on all purchases, plus 3% back and restaurants and drugstores, and 5% back on travel purchases made through the Chase travel portal. Not to mention that this powerful point earner also has no annual fee.

Blue Cash Everyday® Card from American Express

If you like the idea of earning rewards on grocery spend but don’t do much shopping with Amazon, then the Blue Cash Everyday card might be perfect for you. With it, you’ll earn 3% back at any supermarket, not just Whole Foods, up to $6,000 in purchases each year. The card also earns 2% back at gas stations and department stores to help boost your cash-back savings even further.