With the holidays rapidly approacing, many of you will be spending even more on Amazon that usual. Wondering what is the best credit card for Amazon purchases? There are a few credit cards that can earn you extra rewards on your Amazon purchases for the rest of this year.
Best Credit Card for Amazon Purchases
Right now the Discover it® Cash Back (our referral link) is the best card for Amazon purchases because it earns the most points for your spending. Discover it® Cash Back earns 5% on Amazon purchases for the fourth quarter of 2020 as part of its quarterly rotating 5% categories.
If you don’t have a Discover it® Cash Back and are planning on spending a lot on Amazon this year, now might be a good time to apply. (For those of you that already have a Discover card, you can earn cash for referring the Discover card to your family or friends if they apply and are approved using your referral link.)
Below is some more information on the Discover it® Cash Back card:
Discover it® Cash Back
Overview: Earns 5% cashback on everyday purchases in rotating quarterly categories (on up to $1,500 in purchases each quarter (when you activate) plus, unlimited 1% cash back on all other purchases. Plus Discover will automatically match all the cash back you’ve earned at the end of your first year.
Annual Fee: $0 annual fee
Other Features: 0% Intro APR for 14 months on purchases and balance transfers. 3% Intro Balance Transfer Fee until January 10, 2021. After you sign up, you can refer the Discover card to your family or friends for a $50 Statement Credit for each friend or family member that signs up using your link.
Signup Bonus: Get a $50 Statement Credit when you make your first purchase within three months. PLUS Discover will automatically match all the cash back you’ve earned at the end of your first year.
Return on Amazon: 5% cashback on Amazon purchases for the rest of 2020.
More Credit Cards for Amazon Purchases
Like the Discover card, the ABOC Platinum Rewards Mastercard® Credit Card, the Affinity Pure Rewards Visa® and Affinity Cash Rewards Visa® Signature Credit Card also earn 5% on Amazon purchases for the fourth quarter of 2020, but they do not match all the cash back you’ve earned at the end of your first year like Discover.
Citi Dividend (no longer open to new cardholders), Chase Freedom (no longer offered to new cardholders) and the Chase Freedom Flex all earn 5% on rotating quarterly categories and they sometimes include Amazon. However, Citi already offered 5% on Amazon in the 2nd quarter of 2020 and Chase Freedom already offered 5% on Amazon during the 3rd quarter of 2020, so are they not the best cards to use for Amazon purchases for the rest of this year.
There are two Amazon branded cards that will earn you 3% or 5% on Amazon and Whole Foods. They can be valuable for people that spend a lot of money on Amazon year round or to earn more rewards on Amazon during quarters when neither Discover, ABOC Platinum Rewards Mastercard® Credit Card, Citi Dividend, Chase Freedom, Chase Freedom Flex are not earning 5%.
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Amazon Prime Rewards Visa Signature Card
Overview: The Amazon Prime Rewards Visa Signature Card earns 5% back at Amazon.com and Whole Foods Market with an eligible Prime membership, 2% back at restaurants, gas stations and drugstores and 1% back on all other purchases.
Annual Fee: $0 annual fee (but you need to have Amazon Prime)
Welcome Bonus: Get a $100 Amazon Gift Card upon approval.
Return: 5% back on Amazon.
Amazon Rewards Visa Signature Card
Overview: The Amazon Rewards Visa Signature Card earns 3% back at Amazon.com and Whole Foods Market with an eligible Prime membership, 2% back at restaurants, gas stations and drugstores and 1% back on all other purchases.
Annual Fee: $0 annual fee.
Welcome Bonus: Get a $50 Amazon Gift Card upon approval.
Return: 3% back on Amazon.
Summary
For the rest of 2020, the Discover it® Cash Back (our referral link) is the best credit card to use for Amazon purchases. ABOC Platinum Rewards Mastercard® Credit Card also earns 5% this quarter as well and is also a good option for people that already have the Discover card or plan to spend more that $1,500 in Amazon purchases this quarter. If you spend a lot on Amazon (and Whole Foods) year round, it may be worth it to consider either the Amazon Rewards Visa Signature Card or the Amazon Prime Rewards Visa Signature Card.
