Amazon's New Credit Card Sounds Pretty Great
Especially if you're a fequent online shopper.
Amazon is offering a new credit card with some pretty sweet perks for Prime members. The Amazon Prime Rewards Visa Signature Card offers 5% back on all purchases made on Amazon.com, as well as 2% back for spending on gasoline, restaurants and drugstores. Cardholders also get 1% back on every other purchase.
"We are adding even more value to Prime by offering rewards on Amazon and everywhere else you shop," Max Bardon, Vice President at Amazon, said in a release. "Prime members will enjoy 5% Back on Amazon.com, 2% Back at restaurants, gas stations and drugstores, and 1% Back on every other purchase—plus best in class benefits including no foreign transaction fees, travel protection and 24/7 concierge service."
The card has no annual fee and rewards don't expire. The annual percentage rate (and transfer rate) ranges between 14.74% and 22.74%, depending on your credit history. Approval also earns you an automatic $70 Amazon gift card. For more information and to apply for a card of your own go to Amazon.com.