topic Re: Amazon Chase Visa Good or Bad? in Credit Cards

Amazon Chase Visa Good or Bad?

Guvnor — Sun, 31 Jan 2016 15:40:19 GMT

Just aboit to make a $125 purchase on Amazon and they're offering me $30 off if i apply for the Amazon Chase Visa. Is it a good card to have?

Matt

Re: Amazon Chase Visa Good or Bad?

Anonymous — Sun, 31 Jan 2016 15:43:32 GMT

@Guvnor wrote:
Just aboit to make a $125 purchase on Amazon and they're offering me $30 off if i apply for the Amazon Chase Visa. Is it a good card to have?

Matt

Ok. Not great. For Amazon, the Amazon store card is better (5% with prime, other perks I think), but it's a store card, not a Visa. The Chase Amazon you can use anywhere they take Visa. But IIRC it's just 1% for most things, I seem to remember drug stores and or department stores have some better % rewards. I opened mine while ordering something on Amazon years ago, but closed it and rolled the CL into another Chase card last year. So it sort of depends where you are credit-wise. $30 isn't a great reward if it isn't a card you want/need.

Re: Amazon Chase Visa Good or Bad?

JSS3 — Sun, 31 Jan 2016 15:58:37 GMT

I have the Sallie Mae offering 5% on Amazon purchases. Capped at 750 but more than enough for me.
I have the Amazon store card offering 5% on purchases. Uncapped.
I have Discover with the 5% Amazon category. Capped.
I have plenty of Visas.

My Chase Amazon offering an uncapped 3% would be obsolete if not for the fact that it's great about offering BTs when I truly need them. Chase Amazon = BT card.

It all comes down to your needs and how the rewards compare to whatever else you currently have. Looking for 2% on gas, restaurants, and drugstores? Amazon Visa offers that too.

Re: Amazon Chase Visa Good or Bad?

Guvnor — Sun, 31 Jan 2016 16:04:05 GMT

I need a CLI on my chase freedom so it might be worth getting it then moving the balance over?

Re: Amazon Chase Visa Good or Bad?

JSS3 — Sun, 31 Jan 2016 16:06:57 GMT

Yes, moving the limits would be a good reason.

Re: Amazon Chase Visa Good or Bad?

Anonymous — Sun, 31 Jan 2016 18:36:43 GMT

@Guvnor wrote:
I need a CLI on my chase freedom so it might be worth getting it then moving the balance over?

@I don't know if you are going to get a great SL with the amazon...if you want a CLI, look at apping for another rewards product from Chase, like Hyatt etc. I've been reading alot of $8K plus SL @ approval. AF waived 1st year and you are going to burn a HP anyway, make it count. Just my opinion because once you get a Chase product, getting more out of them is pulling teeth.

Re: Amazon Chase Visa Good or Bad?

Kenny — Sun, 31 Jan 2016 22:23:35 GMT

The Amazon chase also offers 3 points for restaurants/fast food.. which is similar to the AARP except only usable at Amazon. If you view this as not mattering, it's a good thing. (For me, I use Amazon currency like cash, so it's a plus for me. (However, don't really need a 3% card for food as I have a 5% one.

Re: Amazon Chase Visa Good or Bad?

Anonymous — Sun, 31 Jan 2016 23:54:58 GMT

@Kenny wrote:
The Amazon chase also offers 3 points for restaurants/fast food.. which is similar to the AARP except only usable at Amazon. If you view this as not mattering, it's a good thing. (For me, I use Amazon currency like cash, so it's a plus for me. (However, don't really need a 3% card for food as I have a 5% one.

You made me sad I closed my Amazon reading this, but it's not 3 for anything but Amazon: "Earn 3% Back at Amazon.com, 2% Back at restaurants, gas stations and drugstores and 1% Back everywhere else. A $30 Amazon.com Gift Card will be instantly loaded into your Amazon.com account upon approval."

I used to get 0% offers on my Amazon, but they dried up at some point. And with other 2% cards and 5% options on Amazon, this became redundant for me.

Re: Amazon Chase Visa Good or Bad?

Anonymous — Mon, 01 Feb 2016 00:09:16 GMT

I've had the Chase Amazon Visa and the Amazon Store card.

I ended up cancelling the Visa. Toy limit, hard pull inquiries to grow, rewards weren't as good for it's main purpose: Amazon.

I had other cards for spending elsewhere. Plus the store card is Synchrony, so easy soft pull CLIs.

Aside from the 5% of the store card, the every day 0% financing is wonderful!

Re: Amazon Chase Visa Good or Bad?

Anonymous — Mon, 01 Feb 2016 01:25:56 GMT

I applied when it was an $80 offer in November. With that and 30% off I got a pair of ECCO shoes for $7. That was nice but other than buying a pizza, I haven't used it.

Re: Amazon Chase Visa Good or Bad?

Anonymous — Mon, 01 Feb 2016 01:47:47 GMT

If I didn't have another Amazon card, I would go for the store card. I will add that my VISA is getting 5% through the end of June, I think. However, that might be a targetted promotion.

Re: Amazon Chase Visa Good or Bad?

Sharingan — Mon, 01 Feb 2016 02:27:01 GMT

I've had a Chase Amazon on a few occasions (2013, 2015). Currently, mine is sitting in a drawer awaiting the day I decide to consolidate it into my Hyatt or IHG cards. It's a card that I believe was probably somewhat decent in the past, but it's almost impossible for it to really be competitive in today's credit card landscape for creditworthy customers. I don't really like the Amazon Prime store card much, however, it's obviously a more gainful product for frequent Amazon shoppers. Personally, I rely on the Citi Forward (5x points for 6.25%), Barclays Sallie Mae (5%), and U.S. Bank Cash+ (5%) for my Amazon purchases. The latter is still available for applicants.

Re: Amazon Chase Visa Good or Bad?

CreditUnionFan — Mon, 01 Feb 2016 03:26:24 GMT

@Guvnor wrote:
Just aboit to make a $125 purchase on Amazon and they're offering me $30 off if i apply for the Amazon Chase Visa. Is it a good card to have?

Matt

$30 is the normal offer, not a special promotion. I've seen the $80 offer on a few occasions.

The Amazon Visa offered 3% before other cards were available. If you're a Prime subscriber, the Amazon Prime card also earns 5% back at Amazon. The Amazon Visa still offers 2% back on a few other select categories, and 1% anywhere else Visa is accepted, so it can still be a good card to carry. In the early '00s they offered both a consumer and a business (no longer offered) version. I have gotten other cards, but I still use the Amazon Visa cards from time to time.

Re: Amazon Chase Visa Good or Bad?

Anonymous — Mon, 01 Feb 2016 03:52:42 GMT

I use amazon visa for drugstore purchase still. I moved all the credit but 500 to freedom card

Re: Amazon Chase Visa Good or Bad?

Closingracer99 — Mon, 01 Feb 2016 04:14:32 GMT

I like the card. I think its my only reward card that offers 2% or higher on rewards to drugstores that isn't general 1.5% or 2% CB card.

Re: Amazon Chase Visa Good or Bad?

Anonymous — Mon, 01 Feb 2016 11:50:11 GMT

I see a lot of people don't care much for this card but it's actually pretty great in my opinion.

3% on Amazon is pretty good when Discover and Freedom don't have the 5%, and I don't have any interest in dealing with synchrony for the store card.

Plus the 2% back on restaurants and drugstores is very useful for someone like myself that has a low limit Citi Double Cash.

And the card looks pretty sharp too!

Re: Amazon Chase Visa Good or Bad?

Anonymous — Mon, 01 Feb 2016 14:19:20 GMT

Our Amazon Visa Card started with an SL of $5,000 in 2011. Fast forward to 2015, we got a letter from Chase offering a soft pull CLI with an invitation code to enter online. Put the information in and out limit doubled to $10,000. January of 2016 we saw an Auto CLI bringing our current CL to $13,000.

Chase has been great to us and in lieu of Amazon points most of the time we just ask for a $200 statement credit. We run a few thousand through it each month which I'm sure is why we've gotten the CLI's that we have.

All in all, great card!

Re: Amazon Chase Visa Good or Bad?

takeshi74 — Mon, 01 Feb 2016 15:16:37 GMT

@Guvnor wrote:
Just aboit to make a $125 purchase on Amazon and they're offering me $30 off if i apply for the Amazon Chase Visa. Is it a good card to have?

Don't just respond to offers and use your needs/wants to find cards that suit you. As others have stated the Chase Amazon is only 3% on Amazon and there are a number of other cards that offer 5% though the specifics can vary. Carefully read the terms for the cards you're considering.

Good is always highly subjective. As I have other cards that already offer 5% on Amazon spend, I don't see the point in the Chase Amazon.

Re: Amazon Chase Visa Good or Bad?

Anonymous — Mon, 01 Feb 2016 17:23:59 GMT

I have personally derived very little utility from the card since receiving it 12 months ago. I typically just stock up on Amazon gift cards during appropriate quarters using Freedom/Discover (since I don't have the store card or a Sallie Mae). 3% is just not very enticing... Plus my limit of $500 sucks. Might just roll it into my Freedom sooner or later.

Re: Amazon Chase Visa Good or Bad?

yfan — Mon, 01 Feb 2016 19:33:57 GMT

This is actually my fill-in-the-gaps card. Whenever Discover doesn't have a 5% Amazon category (it is also when I don't shop on Amazon that much, but there are always items I need now and then), I use the Chase Amazon card. There's also 2% restaurant, which yes I sometimes just use the Double Cash for, but sometimes I spread out the utility since the DC is my general spend card as well (most of the time, for a month now and then I'll break out the QS). Rarely ever go to drug stores though. And since it's a Visa signature, I have been thinking about doing the Napa wine tasting thing for a while.

I'm not fan of store cards that can't be used anywhere else, which is why I don't want the Amazon store card.