Chase Amazon Visa Increases Rewards to 5% - LIVE!

[Anonymous]

UPDATE: (thanks to UncleB)

Changes are now live and you can apply for the card here: https://www.amazon.com/gp/cobrandcard?&plattr=ChaseMS (uppon approval you can get a $70 amazon gift card).

Earn 5% at Amazon with active Prime membership 

2% at Restaurants, Gas Stations, and Drug Stores 

1% at all other purchases 

If you do not have a prime membership, you will earn 3% like the older card. 

Also the card now has no FTF! and card is said to be metal.

Important Notes: 

"if you already have the Chase Amazon card, you do not need to apply for the Amazon Prime Rewards card to earn 5% back. Most eligible Prime members have been automatically upgraded to the Amazon Prime Rewards card and will receive a new card with the new design in the mail (you likely have an e-mail from Chase with the subject “Your card just got better”). If you weren’t automatically upgraded, you can learn how to earn 5% back here, by linking your Amazon.com Prime membership."

 - jfriend33

[Turbobuick]

This would be nice, but it's not significant to those of us who already are using the Amazon Store Card. Now if they added 5% grocery and gas (aka Sallie Mae RIP).....

[Anonymous]

It still makes the card worthwhile if you already have it.  I have been considering apping for the Amazon store card, but this would make the store card unnecessary.

[UncleB]

I would never give the current Amazon Visa a second look with the 3% rewards scheme, but if they bump it up to 5% it would at least get another look from me.

With Discover covering Amazon at 5% half the year the Chase card even at 5% is still not a shoo-in by any means, but it would get them back 'on the radar', so to speak.  If they were to tweak it a little more it might even get interesting...

(For existing Amazon Visa cardholders this would no doubt be a win in any case... for them especially I hope this ends up being true.)

[Anonymous]

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@UncleB wrote:

I would never give the current Amazon Visa a second look with the 3% rewards scheme, but if they bump it up to 5% it would at least get another look from me.

With Discover covering Amazon at 5% half the year the Chase card even at 5% is still not a shoo-in by any means, but it would get them back 'on the radar', so to speak.  If they were to tweak it a little more it might even get interesting...

(For existing Amazon Visa cardholders this would no doubt be a win in any case... for them especially I hope this ends up being true.)

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That last part is my thought.  I got the card (before I knew any better), and with the Disc 5% catagories, it would be SDed, if not for the 0% BTs.  I have thought about getting ri of it (or at least keeping it in the SD until Chase closes it for me), but 5% would make it worth keeping.  Still not convinced it would be worth apping for, but would be worth it if someone already had it.

[Anonymous]

That would be pretty cool if they did that. The Chase Amazon is currently a pretty pointless card when there are so many other ways to get 5% back at Amazon (currently even a couple of ways to get 10% in the short-term, for new AMEX BCE/BCP and Discover customers).

[Anonymous]

I have both and use both for diff things. Amazon always gets the store card and other merchants get the Visa. If hey changed it to 5% I would probably close the store card. I never use the financing and other than that there is no benefit to keeping both. As of now the store Card is better.... if this happens the Visa would be. Very cool.

[iWuzCool]

Can you transfer rewards from this card to the Sapphire cards like you can with the Freedom cards? 

[kdm31091]

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@iWuzCool wrote:

Can you transfer rewards from this card to the Sapphire cards like you can with the Freedom cards? 

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No, the Chase Amazon points cannot be shared with other cards. They run on their own system.

It would be a step in the right direction for Chase to bump it up to 5%, but it would still just be another option among several, so nothing too earth shattering, unless they plan on bumping up the card's other rewards (which I doubt).

[BronzeTrader]

Chase may want to issue a new "Chase Amazon Prime" card and collect an AF ($40?), instead of a "Amazon Prime" CC. They want the fee to itself, not at the Amazon side. Unless Chase can get something back from Amazon.