The Amazon Prime Rewards Visa Signature card offers a great 5 percent rate on Amazon and Whole Food purchases, but Prime membership requires a high $119 fee, and Amazon points lack versatility.
You'll earn rewards in the form of points, which can then be applied to future Amazon purchases through the Shop with Points Program. Or, you can redeem your points for cash back, gift cards or travel through Chase. Each point is worth 1 cent each, so 100 points equal $1 in rewards.
The Amazon.com Store Card credit score requirement is 640 or higher; this means that you need at least fair credit to get this card. The better your credit score is, the higher your approval odds will be.
The Amazon Prime Rewards Signature Visa Card is a co-branded credit card offering rewards like 5% cash back on purchases made on Amazon.com and in Whole Foods markets. Besides good credit, you must have a Prime membership to be eligible for a Prime Rewards Signature Visa.
If you apply for the card during checkout, it will apply the $30 off to your purchase immediately. If you apply any other time, it will credit your first bill for $30 – so if you spend $30 on the card the first month, your bill will be for $0. ... If you're not responsible with credit, then it's a big catch.
It will impact your credit score, but typically very minor - paying one bill late is much worse. It reduces your average credit card age, which is a minor contributor to credit score. The disadvantages are: you are giving them your address and name, and implicit permission to spam you with mail, email, etc.
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