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The new Amazon credit card has some major perks for Amazon Prime users. The main perk is that with this credit card Amazon Prime users will get 5% cash back on all purchases made on Amazon.com. You’ll also get a $70 Amazon gift card upon approval for signing up.
Other perks include:
- 2% cash back at gas stations, drugstores and restaurants
- 1% cash back on all other purchases
- No cap on earned rewards
- No foreign transaction fees
- No annual fee
- Travel benefits like rental car collision coverage, lost luggage reimbursement and more.
You’ll need to maintain your Prime membership in order to get the 5% cash back on Amazon.com purchases. If you let it lapse, you’ll receive 3% on your Amazon purchases.
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