Credit card rewards typically do not expire, which makes them a valuable tool for maximizing your savings during special events like Amazon Prime Day, which is July 11 and July 12, 2023. By choosing the right credit card, you can earn rewards on your Amazon purchases and enjoy additional benefits like cash back, travel rewards, and purchase protections. Let’s explore some of the best credit cards available for Amazon Prime Day and highlight their key features to help you make an informed decision.
The Blue Cash Preferred® Card from American Express offers an impressive cash-back welcome bonus. Earn a $250 statement credit after you spend $3,000 on your new card within the first six months. With this card, you can earn 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%), 6% cash back on select U.S. streaming subscriptions, 3% cash back at U.S. gas stations and transit, and 1% cash back on other purchases. The annual fee is $0 for the first year, then $95, and the card offers an introductory 0% APR on purchases for 12 months.
The Prime Visa card is an excellent choice for Prime members and Whole Foods shoppers. You earn 5% cash back at Amazon.com and Whole Foods Market, 5% back on purchases made through Chase Travel, 2% back on local transit and commuting, restaurants, gas stations, and drugstores, and 1% back on all other purchases. As a welcome bonus, you’ll receive a $200 Amazon gift card instantly upon approval. This card has no annual fee, but a Prime membership is required.
The Prime Store Card is a great option if you’re looking for ways to finance your Amazon purchases. With this card, you can earn 5% back on Amazon.com purchases. The card offers various promotional financing offers, allowing you to pay for purchases over six, 12, or 24 months with 0% interest. However, you need to be cautious as deferred interest applies, meaning you must pay off the full amount before the promotional period ends to avoid interest charges. This card can only be used at Amazon.
This card gives you all the benefits of Amazon Prime without committing to a membership. You can earn 3% cash back at Amazon.com, Amazon Fresh, Whole Foods Market, and Chase Travel, 2% back at restaurants, gas stations, and local transit and commuting, and 1% back on all other purchases. When you join you also get a $50 Amazon gift card upon approval. Plus no annual fee for this card and, as we said, it does not require a Prime membership.
The Citi® Double Cash Card is perfect for those who want a simple cash-back program with no category restrictions. You’ll earn 2% cash back on all eligible purchases—1% when you make the purchase and an additional 1% when you pay your credit card bill. There is no annual fee; you can redeem your cash back at any time and for any amount. The card also offers an 18-month introductory 0% APR on balance transfers. However, it has a high variable APR and charges a 3% fee on purchases made outside the U.S.
The Capital One QuicksilverOne Cash Rewards Credit Card is a suitable option for those with average credit. This card offers 1.5% cash back on every purchase and has no limit on cash back earnings. Although it has a $39 annual fee and a high variable APR, it provides an opportunity to build credit while earning cash back. There are no foreign transaction fees, and you can redeem your cash back at any time. Additionally, cardholders receive complimentary Uber One membership statement credits for up to 6 months through November 14, 2024.
If you want to earn transferable points on your Amazon purchases, the Capital One Venture X Rewards card provides 2 miles per dollar spent on everyday purchases. You can currently earn 75,000 miles after spending $4,000 on purchases within the first three months. Your miles can be transferred at a 1:1 ratio to several airline and hotel partners.
Choosing the right credit card for Amazon Prime Day can help you maximize your rewards and savings. Whether you prefer cash back, travel rewards, or financing options, there are credit cards available to suit your needs. Consider your spending habits, credit score, and desired benefits to select the card that best aligns with your preferences. Remember to explore ways to redeem credit card rewards and make the most of the opportunities presented by Amazon Prime Day.