Prime Day is around the corner, so it’s time to start looking for the best ways to save at Amazon if you’re planning on picking anything up during the sale extravaganza. While there are quite a few ways to save during Prime Day, like keeping your browser locked to 9to5Toys, one sure-fire way to save the most you can is to have an Amazon credit card. I’m sure you’ve seen the company’s notifications at checkout about its credit card offerings, but you might not have signed up yet. With 5% cashback on Amazon purchase, up to an additional 25% back in certain categories, and up to $125 in Amazon gift cards, below, we break down the best way to save using credit cards for Prime Day.
The Amazon.com Store Card offers 5% on all online purchases
There is no bonus gift card for signing up for the Amazon.com Store Card, though it does have one feature none of the other offerings on this page do: the ability to get up to 24-months special financing on select Amazon-sold items, or 12 months on other eligible purchases. This means that if you’re making a large purchase on Prime Day, be it a new TV, lawnmower, or computer, you can opt to pay in smaller amounts over a longer period of time without being charged interest.
The main downside to this card is that it only gains cashback on purchases at Amazon’s own website, and you won’t be able to use it anywhere else. However, that’s where the website’s other cards come into play. However, given that this is the only card that allows you to have interest-free financing at Amazon (outside of the company’s business card,) it’s something you should absolutely consider.
The Amazon Prime Rewards Visa Signature Card offers the best bang for your buck
If you’re wanting the best all-around card for Amazon shopping, the Amazon Prime Rewards Visa Signature Card is it. There’s no annual credit card fee and no foreign transaction fees, either. That’s right, this card is a normal Visa, so it can be used anywhere that Visa is accepted.
Right now, for Prime Day, Amazon is offering a $100 gift card instantly upon approval. This is up from its normal $70 gift card offering and is the biggest bonus we’ve tracked to date. The main catch is that you have to be a Prime member to apply here, but if you’re shopping Prime Day, one would expect that you’ll already have that membership.
The perks of the Amazon Prime Rewards Visa Signature Card don’t just stop at getting a $100 gift card. You’ll also enjoy 5% back at Amazon.com and Whole Foods, 2% back at restaurants, gas stations, and drug stores, as well as an additional 1% back on every other purchase. As part of its Prime Day promotion, Amazon is also offering up to 25% back on best-sellers, though the exact lineup of products included here isn’t outlined just yet. This gives you multiple ways to earn money compared to the Amazon.com Store Card. The main downside here is that you won’t be able to enjoy the interest-free financing that the above card offers, so if that’s something that you’re interested in, you’ll want to opt for the Amazon.com Store Card.
Amazon Rewards Visa Signature is great for non-Prime members
Should you not have a Prime membership, the Amazon Rewards Visa Signature Card is a great option. You’ll get a $50 Amazon gift card once approved, and there’s no annual fee or foreign transaction fees on this card, either.
However, instead of 5% (and the up to 25% on Prime Day), the Amazon Rewards Visa Signature credit card delivers 3% back on purchases at Amazon.com and Whole Foods. The rest of the benefits stay the same, with 2% back at restaurants, gas stations, and drug stores and 1% back on everything else. Like the Visa above, you’ll also lose out on interest-free financing here but gain the ability to use the card anywhere and not have to maintain a Prime membership.
Business members will want Amazon’s Business Prime American Express
If you’re wanting the best overall features and have a business account at Amazon, then the Amazon Business Prime American Express is a fantastic option for you. To start with, there’s a $125 gift card given upon approval as long as you have an eligible business Prime membership. There’s no annual fee here, just like the other cards.
Rewards are a bit different with this card, however. You’ll get 5% back or a 90-day term on US purchases at Amazon Business, Amazon Web Services, Amazon.com, or Whole Foods. 2% back is given at US restaurants, gas stations, and cell phone services purchased directly from a US service provider. 1% back is there on all other purchases, which is fantastic for business members.
The 90-day term is an interesting benefit here. If you need to buy now and pay later, then this feature gives you 90 days interest-free on eligible purchases, allowing you to free up some cash, which can be crucial sometimes in business.
FTC: We use income earning auto affiliate links. More.