Home > Credit Cards > New Amazon Prime Credit Card Offers 5% Cash Back

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Amazon and Synchrony Bank released a new credit card offer for Amazon Prime customers last week, offering 5% cash back on qualifying purchases and even promotional financing for orders over $149.

The store credit card is a credit product you may be familiar with at bricks-and-mortar retailers. Often, these cards offer a discount at sign-up, and promises of exclusive discounts or or coupons in the future. With the 5% cash-back offer on all purchases, is the new Prime card a good fit for frequent Amazon shoppers?

How This Card Works

Subscribers to Amazon’s Prime service are eligible to receive 5% cash back on qualifying Amazon.com purchases as a statement credit. Or, they can receive a variety of promotional finance offers. For example, cardholders will pay no interest on charges of $149 or more if the balance is paid in full within six months of purchase. Otherwise, the standard interest rate of 25.99% will apply. In addition, new applicants will receive an Amazon.com gift card loaded into their account instantly upon approval.

This card is offered by Synchrony Bank, and is not affiliated with any payment network, so it is only valid for purchases from Amazon. Applicants must be members of Amazon Prime, which costs $99 per year and includes free two-day shipping and access to their streaming video and music services. There is no annual fee for this card, but cardholders must be current Amazon Prime subscribers to receive the 5% discount or the promotional financing offers.

There are other store cards and credit cards that also allow you to save money on Amazon purchases. Here are a few offers so you can weigh your options.

Amazon.com Rewards Visa Card From Chase

Chase offers this card that earns 3% back for purchases from Amazon.com, 2% back at gas stations, restaurants and drugstores, and 1% back on all other purchases, and is accepted anywhere Visa is. New cardholders also receive a $30 Amazon.com gift card applied to their account at the time of approval. There is no annual fee for this card.

Sallie Mae MasterCard From Barclaycard

This card offers 5% cash back on the first $250 cardholders spend each month on gas and grocery purchases, and the first $750 spent each month on eligible book purchases. Interestingly, Amazon.com is coded as a book store, a legacy of their early origins as just a book retailer. Cardholders earn 1% cash back on all other purchases, and there is no annual fee for this card.

SimplyCash Business Card From American Express

Another strategy for getting discounts from Amazon purchases is to use Amazon gift cards, which can be purchased at some office supply stores. The SimplyCash Business Card from American Express offers 5% cash back for purchases at U.S. office supply stores and on wireless telephone services. It also features 3% cash back on a category of your choice including airlines, hotels, car rentals, gas stations, restaurants, advertising and shipping, and on all other purchases. There is no annual fee for this card.

Blue Cash Preferred Card From American Express

This card offers 6% cash back on up to $6,000 spent each year at U.S. supermarkets, which often sell gift cards for Amazon. In addition, this card offers 3% cash back for purchases from select U.S. department stores, and 1% cash back on all other purchases. There is a $75 annual fee for this card.

Before you apply for any credit card, it can be helpful to check your credit standing so you can target your search to credit cards that fall within your credit range. You can get two of your credit scores for free on Credit.com, and they’re updated every 30 days.

At publishing time, the SimplyCash Business Card from American Express and Blue Cash Preferred Card from American Express are offered through Credit.com product pages, and Credit.com is compensated if our users apply for and ultimately sign up for any of these cards. However, this relationship does not result in any preferential editorial treatment.

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

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  • JoeInAtlanta

    It’s pretty worthless that you don’t provide an external link to the credit card you’re writing about.

    Apparently credit.com is less interested in providing information than it is in generating page views for its own site. I’ll remember that and go somewhere else in the future.

    • Amber

      Let me get this right….you are complaining because you don’t know how to find the website(s) for Amazon, American Express, or Barclay? If you can read Credit.com is compensated if you click the blue link (each card here listed has one) and apply/open the card.
      If you really can’t figure out how to get to those websites or how to click a link above then I don’t think that you should even be using a credit card. I am sure that your business would be “welcomed” elsewhere as you indicated. Have fun navigating through the millions of credit card websites and knowing if you are entering your personal information on a legit website or not.
      And frankly I found the article to be informative; it gave me plenty of information regarding card options and interest rate and even rewards, all to due with Amazon, just like the title of the article said. Who would have thought?

  • repharim

    25.99% interest rate, these credit card companies are the new mafia.

    • Amber

      it’s a STORE card, that’s why. Have you looked at some of the rates on store cards (not Visa or Mastercard) for Home Depot, Lowe’s, Walmart, Target, etc? They range from 25-29% on average!
      I have the Amazon store card. I also have free Prime for a year since I am a student with a registered .edu email address (after that Prime is only $49/year for students). With this card I do not carry over a balance therefore I pay no interest. And now with the 5% back option on $149 purchase (or I can accept 6 months no interest payments, it is either or, not both) that’s more savings for me. Again the key factor is to make sure you do not carry a balance otherwise your throwing money away.

    • 787

      Pay the dang thing off as u use it …… ZERO interest !

  • Papa Bare

    I found the credit card through amazon, but it doesn’t say anything about the 5% cash back. It matches with the APR for the card, but nothing about the rewards…

    • http://www.jasonsteele.com/ Jason Steele

      This card is only for Amazon Prime members. If you are not an Amazon Prime member, then you will not earn rewards from the store card.

Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.

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