Published: Thu, January 12, 2017
Economy | By Melissa Porter

Amazon launches Chase card for Prime members

Amazon launches Chase card for Prime members

I hope Amazon does not scale back the rewards because this seems too good to be true. Ads appear across Amazon's site today, encouraging you to save money on purchases by applying for Amazon's Rewards card.

Available exclusively to Amazon Prime members, the card offers users 5% back on all purchases, and rewards members for other purchases, including 2% back at restaurants, gas stations and drug stores, and 1% back on every other purchase.

A look at the new Visa card. But since Amazon's warehouses and services cover pretty much the entire retail sphere, including grocery, the Amazon Prime Rewards card's credit back is tantamount to 5% cash back on everything - an unprecedented amount of benefits for a free credit card. It will grant 5% back on all purchases, as well as 2% back at restaurants, gas stations, and drugstores, and 1% back on every other purchase, the companies said in a press release Wednesday.

Amazon says that it will upgrade current Rewards Visa Signature cardmembers with eligible Prime memberships to the new card, but they'll be able to take advantage of the benefits immediately - even before the card arrives.

Indeed, in his annual letter to shareholders previous year, Amazon founder and CEO Jeff Bezos put it this way: "We want Prime to be such a good value, you'd be irresponsible not to be a member". Start a free trial of Amazon Prime at Amazon Worldwide Consumer CEO Jeff Wilke One of the most attractive details about the Echo Dot? Amazon declared the Echo Dot its best-selling product of 2016. According to Fox Business, recent estimates predict the online retail juggernaut will post 2016 revenue of roughly $137 billion, good for year-over-year growth of 28 percent.

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