When it comes to the best credit card options for your Black Friday and Cyber Monday shopping, there are many things you’ll want to know. Here’s a rundown of six cards that offer the most savings on Amazon purchases.
Amazon will be hosting Black Friday and Cyber Monday, giving shoppers the opportunity to get huge discounts on goods. While Amazon offers many rewards for its Prime members, there are also other credit cards that might offer extra perks like free shipping or exclusive deals.
Amazon is offering $100 off on their credit cards for Black Friday and Cyber Monday. The best credit card to use at Amazon is the Amazon Rewards Visa Signature Card.
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Winter is rapidly coming, which means one thing for many people: the Christmas shopping season has come. However, before you make those huge purchases for family or friends, do a quick inventory of your credit cards to ensure you’re receiving the greatest deal on all of your Amazon purchases.
Even if you don’t already have one of the best Amazon credit cards, there’s still time to obtain one in time for Black Friday, Cyber Monday, or even general holiday shopping if you move soon. But which card is the correct one? We sifted through hundreds of credit cards and selected seven of the finest for your Amazon shopping. Our list includes cards that give a variety of cash back, points, and bonuses, so there’s something for everyone, depending on their requirements.
The Citi® Double Cash Card is the best way to get cash back. Chase Freedom Unlimited is the best option for rewards flexibility. Amazon gift cards are best with American Express Blue Cash Preferred®. Best for Amazon Prime subscribers is the Amazon Prime Rewards Visa Signature. Best for purchase and return protection is the American Express® Gold Card. Best for straightforward travel rewards is the Capital One® Venture® Rewards Credit Card. Amazon Business Prime is a subscription service for businesses. The American Express Business Card is the best option for companies.
What factors did we consider while selecting the best credit cards to use at Amazon? Let’s take a look at each of these cards and see how they stack up.
The Citi Double Cash Card is the way to go if you just want to carry one credit card in your pocket or wallet to receive cash back on everything you buy, including Amazon.com transactions. On all of your purchases, you’ll get 2% cash back – 1% when you buy and another 1% when you pay your bill – 365 days a year.
That’s a remarkable return for a no-annual-fee card, and it’s straightforward – no extra categories or tricky trip points to figure out. The Citi Double Cash was chosen as CNN Underscored’s benchmark credit card, and we use it to compare and contrast other credit cards we analyze because of its simplicity and strong earning rate.
The Citi Double Cash falls short in terms of shopping perks. Unfortunately, the card no longer includes purchase protection against damage and theft, return protection, or Citi’s once-famous Price Rewind perk.
So, even if you get amazing cash back with the Citi Double Cash, if you’re purchasing anything costly, you may want to select a card that covers you in the case your item is destroyed or lost, or if you want to return it after the merchant’s return policy has expired.
Learn more about the Citi Double Cash Card and how to apply.
With the correct mix of cards, the Chase Freedom Unlimited generates cash back rewards that may be converted to travel points.
If you can’t decide whether you want cash back or travel points, the Chase Freedom Unlimited may be a nice compromise. You’ll get 1.5 percent cash back on every transaction you make with this card, including Amazon purchases. That’s a little less than the Citi Double Cash, but in return for a somewhat lower pace of earning rewards, you’ll get benefits that are possibly more flexible and lucrative in the long run.
You may convert your cash back to travel points at a rate of 1 cent per point when you combine the Chase Freedom Unlimited with a premium Chase Ultimate Rewards card, such as the Chase Sapphire Preferred® Card or Chase Sapphire Reserve. Then you may use Chase’s “Pay Yourself Back” option to redeem those points for travel at a higher value of 1.25 to 1.5 cents per point through the Chase travel site, or in other categories.
Even better, you may transfer your points to any of Chase’s 14 airline and hotel reward partners after you’ve converted your cash back to points. Because of this incredible versatility, The Points Guy, a frequent flier website, rates Chase Ultimate Rewards points at 2 cents each. At that rate, you may finish up with a 3 percent return on all of your Amazon purchases, thanks to the 1.5 percent cash back on the Freedom Unlimited.
The Chase Freedom Unlimited is also a great card to utilize for a variety of bonus categories. The card offers 3% cash back on eating (including qualified delivery services), 3% cash back at drugstores, and 5% cash back on Chase Ultimate Rewards travel bookings. A three-month DashPass membership, purchase protection, and extended warranty protection are also included.
The Chase Freedom Unlimited’s current sign-up bonus is likely its finest feature. New cardholders may get $200 in bonus cash after spending $500 in the first three months of their account, as well as 5% cash back on grocery store purchases (excluding Target and Walmart) on up to $12,000 spent in the first year. That’s a fantastic price, and it’s a compelling argument to buy the card if you don’t already have one.
Learn more about the Chase Freedom Unlimited and how to apply.
When you use the American Express Blue Cash Preferred to pay for Amazon purchases, you won’t get as much cash back as you would with other cards. If you’re prepared to take one additional step, you can get a lot of cash back on your Amazon purchases with this card due to a tiny workaround.
One of the finest features of the Blue Cash Preferred is that it offers 6% cash back at U.S. supermarkets (in the form of Reward Dollars that can be redeemed for a statement credit) on up to $6,000 in purchases each year (then 1 percent ). Because Amazon gift cards are sold in many supermarkets, you can buy a couple with your Blue Cash card and load them into your own Amazon account to spend on future Amazon purchases.
If you’re willing to go the additional mile, purchasing Amazon gift cards from a U.S. supermarket will earn you 6% cash back, which means you’ll effectively get 6% cash back on Amazon purchases when you use those gift cards for yourself. That’s a higher profit margin than Amazon’s own credit card.
Just keep in mind that if you use gift cards to pay for your Amazon purchases, you’ll lose any credit card benefits you’d receive if you paid with your credit card directly, such as an extended warranty or purchase protection. Even if you purchase an Amazon gift card using a credit card that gives certain perks, the benefits do not transfer when the gift card is redeemed.
While the Blue Cash Preferred earns the most cash back at Amazon via gift cards on a regular basis (and the American Express Gold card mentioned below is another top contender for purchasing Amazon gift cards), you might be better off using a credit card directly for items where you might want purchase protections — especially on electronics — rather than buying a gift card to earn a few extra rewards.
Right now, new Blue Cash Preferred cardholders may get a $300 statement credit after spending $3,000 in the first six months of account creation. With Christmas shopping in full swing, this additional income might be put to good use buying presents for friends and family. The card even comes with a $0 annual cost for the first year, followed by a $95 fee each year after that (see rates and fees).
Learn more about American Express’s Blue Cash Preferred card.
If earning as much cash back as possible at Amazon on a daily basis is your top priority, the Amazon Prime Rewards Visa Signature is the card for you. This card gives you 5% cash back at Amazon and Whole Foods, 2% cash back at restaurants, petrol stations, and drugstores, and 1% cash back everywhere else. That’s a stronger year-over-year return at Amazon than any other card on our list.
The Amazon Prime Rewards card also earns a greater cash back amount on specific Amazon purchases during certain periods of the year, such as Prime Day and Black Friday.
The Amazon Prime Rewards card now comes with a $150 Amazon gift card for new cardholders that are authorized for the card. You may utilize this “free” money to acquire your favorite Amazon item while conducting your Christmas shopping since there is no minimum purchase limit.
With the Amazon Prime Rewards credit card, you’ll get 5% cash back at Amazon and Whole Foods.
However, there is one catch: to acquire an Amazon Prime Rewards card, you must have an Amazon Prime subscription, which may cost up to $119 per year. Of course, if you’re searching for a card to use just for Amazon purchases, you’re probably already a Prime member, in which case this card would be your best bet.
Although the Amazon Prime Rewards card generates points, they may only be redeemed for 1 cent each for a statement credit, a direct deposit to a bank or savings account, or to pay for Amazon transactions. The card also comes with extended warranty and purchase protection, albeit the coverage isn’t as extensive as some other credit cards.
For example, for valid warranties of three years or less, the card’s extended warranty protection will provide you an extra year. Purchase protection covers you for 120 days against damage or theft on your purchase, but only up to $500 per claim and $50,000 per account. These safeguards won’t cover you as effectively as some of the other cards on our list if you’re making large transactions.
If you’re a frequent Amazon shopper who’d rather have a store card than a credit card, you may apply for the Amazon.com Store Card, which gives you financing choices based on the value of your Amazon purchases. Store credit cards are also frequently simpler to get since they have a lower credit score requirement. The Amazon Store card, unlike the Amazon Prime Rewards Visa, can only be used at Amazon.
Learn more about the Amazon Prime Rewards Visa and how to apply.
While getting the most cash back or points for your purchase is crucial, there are other things to think about when making significant purchases. Purchase protection and return protection are two credit card perks that you should consider.
Purchase protection shields you against damage or theft when you acquire certain products. You’ll be covered for the cost of replacing or repairing the item with this protection. Purchase protection for 90 days from the date of purchase is included with the American Express Gold card, up to $10,000 per claim and $50,000 per card member account each calendar year.
This makes the Amex Gold a great card to use on qualified Amazon purchases, particularly those that are more costly (think big-screen TVs, SLR cameras and computers). Purchase protection is a frequent credit card perk, but many other cards have a claim limit of $500 to $1,000, which may be restrictive for more costly products.
Return protection is another wonderful credit card advantage, and American Express is one of the better card issuers on this front. If you try to return an eligible item purchased with your Amex Gold within 90 days of the purchase date and the merchant refuses, American Express will reimburse the entire purchase amount (excluding shipping and handling).
The only stipulation is that you must pay for the item in full using your qualified American Express card; you cannot use a gift card or another credit card to pay for part of it. In addition, claims are limited to $300 per item and $1,000 per card account every calendar year.
More information on the American Express Gold Card can be found here.
With the Capital One Venture card, you may earn miles for a future trip.
The Capital One Venture Rewards card is one to consider if you’re beginning to plan a trip by earning miles that can be redeemed for any travel transaction you make.
With the Capital One Venture, you’ll earn 2 miles for every dollar you spend on every transaction, which you may then redeem for any travel purchase on your credit card account within the last 90 days. This covers hotel stays, airline tickets, rail journeys, taxis, Uber rides, and Airbnb stays, among other things. You’ll receive 1 cent each mile when you redeem Capital One miles this way.
You may also transfer your points to a variety of airline and hotel reward programs, including Wyndham Rewards, British Airways Avios, and many more. Capital One miles are worth 1.85 cents each, according to frequent flyer website The Points Guy, since they may be transferred to these partner programs, meaning your miles might be worth more than 1 cent each.
The Capital One Venture card also includes extended warranty protection and a $100 credit against the Global Entry or TSA PreCheck application cost. It costs $95 per year, but there are no international transaction fees.
The Capital One Venture credit card comes with a generous sign-up bonus.
The Amazon Business Prime American Express Card offers a unique feature that might be quite helpful right now for companies who make a lot of purchases on Amazon. The card provides either 5% cash back on Amazon purchases in the United States — including Amazon Business, AWS, and Whole Foods Market — on the first $120,000 in purchases every calendar year (then 1% cash back afterwards), or an interest-free 90-day payment plan. Cash back is earned in the form of points, which may subsequently be redeemed for qualifying Amazon purchases.
With many companies’ cash flow being tight over the previous year, the opportunity to pay for Amazon goods in 90 days without incurring interest might be a significant benefit. In addition, the card offers 2% cash back in US restaurants, 1% cash back at US petrol stations, and 2% cash back on cellular phone services bought directly from US service providers, as well as 1% cash back on all other transactions.
The Amazon Business Prime Amex card has no annual charge or international transaction fees, and new card holders may get a $125 Amazon gift card after acceptance with no minimum spending restriction. For a card that doesn’t cost anything to maintain year after year, it’s a fairly good welcome bonus.
To be eligible for this card, you must have an Amazon Prime or Business Prime subscription; companies without a Prime membership should consider the Amazon Business American Express Card instead.
The best credit card for Amazon shopping is determined by your objectives.
With so many credit cards to choose from at Amazon, you’re undoubtedly thinking which one is ideal for your holiday shopping, particularly on Black Friday and Cyber Monday.
If you’re looking for a card that gives you pure cash back, the Citi Double Cash could be the best option. If you want to earn points for travel, the Chase Freedom Unlimited or Capital One Venture are good options.
However, you’ll probably discover that the Amazon Prime Rewards Visa is your best choice during Amazon’s big annual sales, such as the approaching Black Friday and Cyber Monday holidays, since there are so many incentives specific to cardholders. If you operate a small company, the Amazon Business Prime American Express card may be the ideal option for you while buying on Amazon.
Consider the American Express Gold card if you’re most concerned with securing your purchase, regardless of the cash back or travel incentives you’d get. If you’re prepared to go the additional mile and buy Amazon gift cards from U.S. supermarkets, the Blue Cash Preferred or Amex Gold credit cards will give you the greatest cash back or travel benefits.
Are you looking for the greatest all-around credit card? Find out which credit cards CNN Underscored picked as the best in 2021.
CNN Underscored Money has the most up-to-date personal financial offers, news, and advice.
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