Personally, I think I do spend around that each year, if not slightly more. The other day, I read that t he average Amazon Prime member spends $1,300 per year on Amazon vs $700 per year for a non-Prime member.

There are other ways to earn 5% back on Amazon or Whole Foods and you don’t need to be a Prime Member to do so. While you can earn 5% cash back with this credit card, I would give this card a pass. That was a quick review of the Amazon Credit Card. There isn’t anything special about the redemption options when it comes to the Amazon Credit Card. Statement Credit (starting at 2,000 points).You can redeem your Amazon points at 1 cent per point via: One thing to keep in mind, while this is a Chase card, you will earn Amazon points, not Ultimate Reward points. While 5% sounds enticing to open this card, there are other cards/ways you can have 5% or more off on Amazon. If you are not an Amazon Prime member you earn: 2% back Restaurants, Gas, and Drugstores.If you are an Amazon Prime member you earn: Still, the fee should be considered since the extra 2% comes only if you pay the $99 fee. That being said, if you are an Amazon Prime member, I assume you shop at Amazon quite frequently and use other services to make the $99 fee worth it. The only way to earn 5% cash back is to cough up $99 a year. There is an indirect annual fee associated with this card and that is the $99 Amazon Prime Membership yearly fee. Sure, you can have the card with no annual fee, but you’d only earn 3% back on Amazon and Whole Foods. Let’s first end this idea that the Amazon Credit Card has no annual fee. Now, I love Amazon, but I have a hard time pulling the trigger on this card for a $70 credit to Amazon. The sign up bonus for the Amazon Credit Card is a magnificent $70 credit to Amazon. One the surface this seems really good, but there is actually better ways to save to than the Amazon Card at Whole Foods.ĭon’t Use the Amazon Card at Whole Foods Sign Up Bonus: There was plenty of buzz last week about the Amazon Credit Card earning 5% back at Whole Foods.

Amazon credit card good