Chase and Amazon Add New Perks to Co-Branded Credit Cards
Amazon Chase Visa Cards

Chase and Amazon Add New Perks to Co-Branded Credit Cards

Chase and Amazon have announced some changes to their cobranded credit card line-up. First, both cards will be gaining simplified names. Now, the Amazon Prime Rewards Visa Signature Card will be known as the Prime Visa while the former Amazon Rewards Visa Signature Card will become the Amazon Visa. Along with the updated nomenclature and new card designs, the products will be adding a pair of new perks for customers.

Effective immediately, Chase Amazon card customers will be able to earn rewards on Chase Travel bookings as well as on local transit/commuting purchases, including rideshare. Specifically, Prime Visa cardholders will earn 5% back on purchases made through Chase Travel, while Amazon Visa customers will earn 3% back on Chase Travel purchases. Both cards will earn 2% back on the new local transit category.

These new benefits join the existing slate of rewards for Amazon’s cards. With the Prime Visa, cardholders who have an eligible Prime membership will earn 5% back on Amazon and at Whole Foods Marketplaces. Amazon Visa users earn 3% back in the same category. Meanwhile, both cards continue to earn 2% back at restaurants, 2% back at gas stations, and 1% back on all other purchases. Neither the Prime Visa nor the Amazon Visa carry an annual fee.

To celebrate the launch of the refreshed cards, Amazon and Chase are offering a special welcome bonus. For a limited time, new Prime Visa cardholders can earn $150 Amazon gift card and earn 5% back on all purchases (capped at a total of $2,500 in spending) for their first three months from account opening.

As for new Amazon Visa cardmembers, they’ll earn a $60 Amazon gift card and earn 3% back on all purchases (up to $1,500 in spending) during their first three months from account opening.

On the one hand, any perks that are added to a credit card and that don’t come at the expense of other benefits are undoubtedly a good thing. However, these updates to the (now much easier-named) Prime Visa and Amazon Visa likely won’t move the needle much for non-cardholders. That’s because there are plenty of Chase cards that already offer 5% back on Chase Travel purchases — including the Freedom Flex, which also earns 3% back on dining, 3% back on drug store purchases, and 5% back on rotating quarterly categories.

As for the 2% local transit category, while it may be useful for cardholders without other rewards cards, the ubiquity of 2% flat rate cards makes this uncompetitive overall. Nevertheless, for Prime members who do a lot of shopping with Amazon, the Prime Visa continues to be a fairly compelling option that could also be a strong part of a fully-formed rewards credit card portfolio.

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...