Amazon’s Black Friday sales have become one of the most anticipated events for shoppers around the world. With discounts on a wide range of products, it’s the perfect time to save on your holiday shopping. And if you’re a frequent Amazon shopper, it’s important to make sure you’re using the right credit card to maximize your purchases.
When it comes to choosing the best credit card for Amazon purchases, there are a few factors to consider. Points-earning rates are important, but you should also consider other factors like rewards currencies, purchase protection, and extended warranties. Additionally, your best option may vary depending on whether you’re a Prime member and what other cards you already carry.
One of the most popular options for Amazon purchases is Amazon’s own Prime Visa card. This card offers an impressive 5% cash back on all Amazon and Whole Foods purchases, making it a great choice for frequent Amazon shoppers. It also offers 2% back at restaurants, gas stations, and local transit, and 1% back on all other purchases. Plus, during Amazon’s Black Friday sales, you can earn an extra 1% back on your Amazon Prime orders when you select no-rush shipping at checkout. The biggest drawback of this card is that it requires a Prime membership to qualify.
If you’re looking to earn transferable points on your Amazon purchases, the Capital One Venture X Rewards card and the Capital One Venture Rewards card are good options. Both cards offer 2 miles per dollar spent on everyday purchases, including Amazon purchases. This translates to a respectable 3.7% return on your spending. Both cards also offer identical sign-up bonuses, which can be a great way to jumpstart your rewards earnings.
For those who are not Prime subscribers, the Chase Freedom Unlimited card is a solid choice. This card offers 5% back on travel purchased through Chase, 3% cash back on drugstore purchases and dining, and 1.5% cash back on all other purchases. If you apply for the card today, you’ll receive double your cash back at the end of the first year as a welcome offer, effectively earning you 3% back on your Amazon purchases for the first 12 months. Pairing this card with a Chase Sapphire Reserve, Chase Sapphire Preferred Card, or Ink Business Preferred Credit Card can double the value of your rewards by converting them into transferable Ultimate Rewards points.
Another no-annual-fee option is the Discover it Cash Back card, which offers 5% cash back on rotating categories, including Amazon purchases. While this earning rate is typically only available one quarter out of the year, Amazon is an eligible category in the fourth quarter of this year. Discover will also match your rewards at the end of your first cardmember year, potentially earning you up to 10% back on Amazon purchases in a bonus quarter.
If you make many high-value purchases on Amazon, the American Express Gold Card is a good choice. While it only offers 1 Membership Rewards point per dollar on Amazon purchases, the card provides generous purchase protection, with up to $10,000 in protection per incident and up to $50,000 for all incidents in a calendar year.
In conclusion, choosing the best credit card for Amazon purchases depends on your personal habits and priorities. While the Prime Visa card offers a high return on Amazon purchases, it may not be the best option for everyone. Consider factors like purchase protection and rewards currencies to find the card that suits your needs best. By using the right credit card, you can make the most of your Amazon purchases and save even more during the Black Friday sales.