"Finally, Amazon Prime Rewards Visa"
Amazon Prime Rewards Visa Signature Card Review
Written by: mocapino on 2017-03-07
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
mocapino's review: 
I don't believe this falls into the Chase 5/24 rule, however, I waited to apply for this until I was below 5 accounts opened. I was originally denied even though I've had a Chase Freedom card with them for 2 1/2 years. I called the Recon line and was told they needed some address verification, which didn't make sense to me. I faxed it over and after a couple of calls to verify receipt, I was approved!!! Saddened with the high APR 19.74%, lower than my Freedom though. $6500 limit is also better than the Freedom. I'm in Texas, and they pulled my Experian -Card Acquisition Risk Score 705.
I don't believe this falls into the Chase 5/24 rule, however, I waited to apply for this until I was below 5 accounts opened. I was originally denied even though I've had a Chase Freedom card with them for 2 1/2 years. I called the Recon line and was told they needed some address verification, which didn't make sense to me. I faxed it over and after a couple of calls to verify receipt, I was approved!!! Saddened with the high APR 19.74%, lower than my Freedom though. $6500 limit is also better than the Freedom. I'm in Texas, and they pulled my Experian -Card Acquisition Risk Score 705.
5 Comments
Comment 1 by wanderer
Re: Finally, Amazon Prime Rewards Visa 
on 2017-03-08
Congrats on a great score! As to the Apr , the advertised lowest apr for purchases is 14.74% and you fell in the middle range. Often times the rates hit the low end with a proven track record at the bureau, less recent inquiries, AAoA is more than at the low end of years and so on. Note, every lender adjusts what I said based on their appetite for new card holders. I have seen some applicants get high credit lines and then hit the highest apr ... go figure. Enjoy the many benefits of the card. On other Blogs this card is hot stuff :)
on 2017-03-08 Congrats on a great score! As to the Apr , the advertised lowest apr for purchases is 14.74% and you fell in the middle range. Often times the rates hit the low end with a proven track record at the bureau, less recent inquiries, AAoA is more than at the low end of years and so on. Note, every lender adjusts what I said based on their appetite for new card holders. I have seen some applicants get high credit lines and then hit the highest apr ... go figure. Enjoy the many benefits of the card. On other Blogs this card is hot stuff :)
Comment 2 by breakinger
Re: Finally, Amazon Prime Rewards Visa on 2017-03-11
Congratulations! I haven't had the chance to take a look at this card yet, but this card sounds like something I might add to my list. It seems like the higher APR's are really common now since everything I've been looking into has just that. Is it possible that once you get more established with this card that they may offer you a lower APR?
on 2017-03-11 Congratulations! I haven't had the chance to take a look at this card yet, but this card sounds like something I might add to my list. It seems like the higher APR's are really common now since everything I've been looking into has just that. Is it possible that once you get more established with this card that they may offer you a lower APR?
Comment 3 by tishbel
Re: Finally, Amazon Prime Rewards Visa on 2017-03-13
For a card that seems to require good credit to get, the APRs seem a little high. Did you get the $70 Amazon voucher for signing up, since the rewards scheme does seem very good for anyone who uses Amazon a lot.
on 2017-03-13 For a card that seems to require good credit to get, the APRs seem a little high. Did you get the $70 Amazon voucher for signing up, since the rewards scheme does seem very good for anyone who uses Amazon a lot.
Comment 4 by goldbug
Re: Finally, Amazon Prime Rewards Visa on 2017-06-05
I'm not sure about this card, as it looks like you have to use it for your Amazon Prime Account or the benefits and cashback are reduced, and if you have multiple cardholders only one gets the benefits. Is that accurate?
on 2017-06-05 I'm not sure about this card, as it looks like you have to use it for your Amazon Prime Account or the benefits and cashback are reduced, and if you have multiple cardholders only one gets the benefits. Is that accurate?
Comment 5 by jgibbs
Re: Finally, Amazon Prime Rewards Visa on 2017-06-19
I have this card too and yes, that's all correct goldbug. I don't think the account number is a big deal for most families since households usually order from the same prime account anyway. If not, it wouldn't take much effort to have each person set up a wishlist that mom or dad could buy from. That goes for any household situation.
This card benefits me because I do the majority of my shopping on Amazon. Most of the popular rebate sites like ebates, offer little for reward on Amazon purchases and few categories qualify. It's never for something I need. Plus, you can't shop through Amazon smile when you're using rebate sites, you have to use their link. I've had other credit cards that offer cash back for Amazon, but it's only for a few weeks or months a year and often, there are category restrictions yet again. With this card, I can shop through Amazon smile to benefit charity and I still get 5% cash back on every purchase there. I don't use the card anywhere else since my other cards offer better rewards.
This card also has the potential to be dangerous. The APR is very high and it's easy to spend, spend, spend at Amazon without even thinking about it. You can order anything you want at a click of the button. Add in the subscribe and save features, dash buttons, and Alexa ordering...better have ironclad self-discipline when it comes to finances.
on 2017-06-19 I have this card too and yes, that's all correct goldbug. I don't think the account number is a big deal for most families since households usually order from the same prime account anyway. If not, it wouldn't take much effort to have each person set up a wishlist that mom or dad could buy from. That goes for any household situation.This card benefits me because I do the majority of my shopping on Amazon. Most of the popular rebate sites like ebates, offer little for reward on Amazon purchases and few categories qualify. It's never for something I need. Plus, you can't shop through Amazon smile when you're using rebate sites, you have to use their link. I've had other credit cards that offer cash back for Amazon, but it's only for a few weeks or months a year and often, there are category restrictions yet again. With this card, I can shop through Amazon smile to benefit charity and I still get 5% cash back on every purchase there. I don't use the card anywhere else since my other cards offer better rewards.
This card also has the potential to be dangerous. The APR is very high and it's easy to spend, spend, spend at Amazon without even thinking about it. You can order anything you want at a click of the button. Add in the subscribe and save features, dash buttons, and Alexa ordering...better have ironclad self-discipline when it comes to finances.
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Disclaimer: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase. Review content is powered by Finance Globe.
