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For many years, Amazon and Chase have been partners on the Amazon.com Rewards Card, which provided consumers with:

  • 3% cash back on Amazon.com purchases
  • 2% cash back at grocery stores, restaurants, and gas stations
  • 1% cash back on everything else

Today, this credit card is changing in many ways–including it’s name. The rejuvenated version of this card is now known as the Amazon Prime Rewards Visa Signature Card, and is available for applications today. Read on to see what the perks of this card are!

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Earning Structure

With the new card, you’ll earn:

  • 5% cash back on all Amazon.com purchases (in most cases, see below)
  • 2% cash back at grocery stores, restaurants, and gas stations
  • 1% cash back on everything else

In order to get the 5% cash back at Amazon, you MUST be an Amazon Prime member, which costs $99 a year. If you are not a Prime member, you will only earn 3% cash back at Amazon.com

Other Benefits

With the Amazon Prime Rewards Visa Signature Card, you’ll also get the following perks:

  • $70 Amazon gift card upon card approval
  • $0 annual fee
  • No foreign transaction fees
  • Travel and Emergency Assistance
  • Lost Luggage Reimbursement
  • Baggage Delay Insurance
  • Travel Accident Insurance

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Does Chase 5/24 Apply?

From data points on reddit, it does not, with many contributors reporting they are over 5/24 and were approved instantly.

(READ MORE: Chase 5/24 is real and here’s the proof)

Does it make sense?

If you already have a Prime Membership, it could make sense, as you’ve already decided that Prime membership is worth $99.

If you don’t have Prime membership, you’ll need to spend $2,000 a year at Amazon.com with this card to offset that $99 Prime membership fee. In my mind, that make zero sense, but if you do the majority of your purchases through Amazon, it might make sense for you.

Is this a card you’re excited about? Will you be adding it to your credit card roster? Let us know below! 

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