Chase Amazon Prime Visa vs Citi Costco Visa

[Repo-ed]

Guys, I'm sad to report that my googlefoo as failed me in my search for a comparision, and It can't be because one doens't exist. I just failed to find it.

Anyone know of a side-by-side comparison of the two?

Anyone here have both and could share how they get the most out of each?

I shop 99% of the time via Amazon and get all my gas a just a few items from Costco, but I always default to my Costco card for whateve reason, and I have a feeling it should be the other way around (minus the gas purchases).

I've consolidiated 30+ CC's down to 5 (The above 2 + Amex Buisness + Amex Delta Gold (About to be cut as AF is about to become due) + Discover IT (it's frozen)(moved all of my banking from USAA to Discover))

Thanks in advance as always!

[AverageJoesCredit]

All you need to do is search The Amazon card by Chase, look at the rewards structure, then look at the rewards structure of the Costco Visa and see which ones rewards work better for your overall profile. 5% off Amazon vs 4% Gas i believe. Which ever will save you more go for that

[Repo-ed]

Doing some alt-tabbing the Amazon visa from Chase should just be used for Amazon purchases and Costco (I have the exec membership for the +2%) purchases of gas and all other costco related items using their costco card.

The "everything" else category are the same between cards, and ultimately comes down to what I want at the end of each year: More amazon cash back (to be used for future amazon purchases) or Costco cashback each february to pay for the AF + +.

[Anonymous]

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@Repo-edwrote:

Doing some alt-tabbing the Amazon visa from Chase should just be used for Amazon purchases and Costco (I have the exec membership for the +2%) purchases of gas and all other costco related items using their costco card.

The "everything" else category are the same between cards, and ultimately comes down to what I want at the end of each year: More amazon cash back (to be used for future amazon purchases) or Costco cashback each february to pay for the AF + +.

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Does the Amazon not give rewards until the end of the year like Costco in a lump sum? Or do they give it monthly? I had the Chase card years ago and PC'd it to the FU when it came out. I didn't know about the Prime one until I came back around these parts. But the rewards once a year thing really bugs me with the Costco.  

[Anonymous]

You can cash out whenever you build up more than $20. Or use rewards at any balance for Amazon purchases. Amazon prime card also earns 2% at gas so your opportunity costs should only be +2% at gas stations(unless Amazon card does not earn at costco gas?)

[Repo-ed]

My fault for not specificying.

Yes, you're amazon points/dollars are available as as you spend and can be used in part/full of an subsequen purchase, whereas you stated, the cash back reward from costco comes but 1x/yr.

[Repo-ed]

I know I can use my Costco Citi visa at Sams Club, but I do not believe I can use another CC (I can use a debt visa from any bank at the pump at any costco) regardless of branding other than the Costco VISA.

I'm on my way there now, so I'll find out for sure here shortly.

[iheartwings]

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@Repo-edwrote:

Guys, I'm sad to report that my googlefoo as failed me in my search for a comparision, and It can't be because one doens't exist. I just failed to find it.

Anyone know of a side-by-side comparison of the two?

Anyone here have both and could share how they get the most out of each?

I shop 99% of the time via Amazon and get all my gas a just a few items from Costco, but I always default to my Costco card for whateve reason, and I have a feeling it should be the other way around (minus the gas purchases).

I've consolidiated 30+ CC's down to 5 (The above 2 + Amex Buisness + Amex Delta Gold (About to be cut as AF is about to become due) + Discover IT (it's frozen)(moved all of my banking from USAA to Discover))

Thanks in advance as always!

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Amazon Prime Visa Rewards structure is 5% on Amazon Purchases, 2% on restaurants/drug stores/gas stations, and 1% on all other purchases. You can redeem for cash or credit on Amazon purchases as mentioned previously once over a threshold.

Citi Costco Anywhere Visa Rewards structure is 4% on gas stations (including Costco gas, limited on first $7000 spent in a year), 3% on dining and travel, 2% on Costco, and 1% on everything else. You get a check cut once a year in Februrary for cashback. Also, you can eligible for SP CLI (which you can go for every six months).

Both cards are now without FTF.

So, I would say:

Amazon Prime VS: Amazon, drugstores

Costco Anywhere VS: Gas, dining, travel, and Costco.

Discover: any of the above categories when it's 5% cashback. 

If none of the above - then it doesn't matter since you're getting 1% CB from any of those three. 

Does that even help? 

[SBR249]

I have both the Amazon Visa and the Costco Visa and I have to say that I use the Amazon CC much more at the moment. I think it's because right now Chase is giving me 5% CB on restaurants until end of May and I shop a lot on Amazon anyway. Before that, the Amazon card was strictly for Amazon purchases. Normally, I would use Uber/Discover for restaurants and the PenFed Plat Rewards/Discover for gas. The main reason I would use the Costco Visa is to make major electronics purchases (4 year warranty) and possibly for spending overseas (although many of my cards have no FTF anyway so it's a tossup there). This probably isn't very helpful if you are looking for a main driver that covers everything since that's not what I use these cards for but I would say unless you shop a lot on Amazon, the Costco card covers more categories with higher rewards (4% gas, 3% restaurants) if you are willing to wait for annual redemptions. 

[nrm]

Many missed the extra 2% for shopping at Costco and Costco.com. The check mailed out in August each year. Plus, if your cash back each year does not offset the $120.00 annual fee, Costco will reimburse you the difference. Personally, I avoid Chase at all cost.