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- There's a new, limited-time increased welcome bonus on the
Amazon Prime Rewards Visa Signature Card . - Until March 3, new cardholders can earn a $100 statement credit after spending $100+ at Whole Foods.
- This is higher than the standard offer, but other cash-back credit cards are a better fit for most people.
- Read Business Insider's guide to the best rewards credit cards.
If you're an Amazon Prime member and shop at Whole Foods, the
Until March 3, 2021, new
As with the standard version for the
- 5% cash back at Amazon and Whole Foods (3% without an Amazon Prime Membership)
- 2% cash back at restaurants, gas stations, and drugstores
- 1% cash back on all other purchases
New cardholders will also have the option to select a Whole Foods-themed card design when they apply — and existing
There's no annual fee as long as you have an Amazon Prime membership, and the card doesn't add foreign transaction fees.
Is the new Chase Amazon Prime Rewards card offer worth considering?
The
This limited-time offer is a better deal than the standard intro bonus, which comes with a $70 Amazon gift card instantly upon approval (that offer is still available) — although the Whole Foods offer does have a modest minimum spending requirement.
However, unless you do the bulk of your shopping at Amazon and Whole Foods, you'll likely do better with a cash-back credit card that earns bonus rewards in a wider variety of categories or a flat rate on all purchases.
The cards below also have no annual fee (and don't require a pricey Amazon Prime membership), and some even come with a bigger welcome bonus:
Citi® Double Cash Card : Earn 2% cash back on all eligible spending (1% back when you make a purchase, and 1% when you pay it off).Chase Freedom Flex℠ : Earn a$200 Bonus after you spend $500 on purchases in your first 3 months from account opening , 5% cash back on travel booked through Chase Ultimate Rewards, 3% back on dining and drugstores, and 1% back on everything else. TheChase Freedom Flex℠ (and oldChase Freedom® , which isn't available to new applicants) earns 5% back on up to $1,500 spent on combined purchases in categories that rotate every quarter (then 1%) — and Amazon is sometimes included.Blue Cash Everyday® Card from American Express : Earn20% back on purchases at Amazon.com on the Card in the first 6 months, up to $200 back (plus, you can earn $100 back after you spend $1,000 in purchases on your new Card within the first 6 months) . You'll earn 3% cash back at U.S. supermarkets on up to $6,000 each calendar year (then 1%), 2% back at U.S. gas stations and select department stores, and 1% cash back on everything else.Discover it® Cash Back : Earn 5% back in categories that rotate every quarter on up to $1,500 in combined spending (then 1%) — Amazon is also sometimes included (for example, from October through December 2021) — and 1% back on all other purchases.
Here's another caveat if you're thinking of applying: Like other Chase cards, the 5/24 rule applies to the
If you open the card, it will also count toward your 5/24 status. This won't matter if you don't open a lot of new accounts or aren't interested in other Chase cards — but if you are, there are Chase credit card offers with better welcome bonuses and perks that you should look at before you commit.
Jasmin Baron is an associate editor at Personal Finance Insider, where she helps readers maximize rewards and find the best credit cards to fit their lifestyles.
