Chase Amazon Prime Cards Gets Revamped: A Breakdown
Starting May 1, 2023 the Chase Amazon Prime credit card gets a new look along with new benefits and earning categories.
Earning Categories:
5% cash back on Amazon, Chase Travel, and Whole Foods
2% cash back on gas, dining and transit (Uber/Lyft)
1% cash back on everything else
Along with the new look and earning categories, the cards new name is now Prime Visa.
The Prime Visa will still have no annual fee, however, to get this version of the card you'll need to be subscribed to Amazon Prime which currently costs $139/year.
A huge new benefit added is the improved Welcome Offer. New cardmembers will receive a $150 Amazon gift card just for signing up. Along with that, new card members will receive 5% cash back on all purchases up to the first $2,500 in spend. That's a potential $125 extra cash back on top of the $150 gift card.
Who is the Prime Visa for?
If you already pay for Amazon Prime and shop with Amazon frequently, adding the Prime Visa is a no brainer decision.
I personally never physically carry my Prime Visa with me, but just have it attached to my Amazon account so I always earn a base of 5% cash back on my Amazon purchases.
5% cash back is the ideal range you want to reach for, and the fact you can get that with this card on all your Amazon purchases with no caps is a huge deal.
What if you don't have Amazon Prime?
If you don't pay for Amazon Prime, there is still a Chase Amazon card you can get.
The "non Prime" version is now known as the Amazon Visa and it offers all the same perks and benefits of the Prima Visa, but with slightly lower earning categories.
Earning Categories:
3% cash back on Amazon, Chase Travel, and Whole Foods
2% cash back on gas, dining and transit (Uber/Lyft)
1% cash back on everything else
Essentially, the 5% categories from the Prime Visa just drop to 3%.
Final Takeaway
The Chase Amazon cards were overdue for a refresh and these subtle changes are welcomed. However, there are still better all around credit cards from Chase.
The Freedom Flex and Freedom Unlimited are much superior all around credit cards when compared to the Prime Visa and Amazon Visa. So if you're looking to get into the Chase Ecosystem, I suggest starting with the Freedom cards then working into the Prime or Amazon Visa next.