Amazon emailed me today about my updated awards on my Chase Amazon card; pretty great.
I suppose it takes awhile to get those emails out. I haven't received one yet.
My email originated from Chase, not Amazon.
They raise cost. Amazon is now more expensive then a lot of sites.How do they make money then? Whats the catch?
Didn't Chase reduce the point conversion when used on Amazon recently?
edit: http://thepointsguy.com/2016/07/chase-devalues-ultimate-rewards-amazon/
I order from Amazon a LOT. Is this worth getting?
That's for Chase's other cards.
This is the Amazon branded Chase card.
I've never taken out a credit card before and this one is looking pretty nice, but I'm not sure how I would get money from my debit account that my direct deposit goes into to pay off the credit since they would be through two different companies. Any advice?
I order from Amazon a LOT. Is this worth getting?
Didn't Chase reduce the point conversion when used on Amazon recently?
edit: http://thepointsguy.com/2016/07/chase-devalues-ultimate-rewards-amazon/
When you sign up for a credit card, say through Chase, you create an online account, and then there is a bill payer screen that you would save your Debit/CheckingAcct to that you will use to pay that card off/down. When you go to pay your credit card, you pay through that bill payer screen on Chase.
Alternatively, you could setup a bill payer through your existing bank to write a check to Chase. Or, you could write a check yourself and mail it.
It's like linking a card/acct to PayPal, Venmo, your electric company, Verizon, Xbox Live, PSN, Amazon, or any other service.
The Chase Amazon card is decent for rewards. The APR will probably be higher than other cards offered through your bank. It's been my primary card for 6 or 7 years now and I like the card. I recently pooled up my points for quite a while and bought the new 15" MacBook Pro with points and a few gift cards. It was some $1500 worth of points, which took me quite a while to accumulate.
I order from Amazon a LOT. Is this worth getting?
Logged into my account and it shows a different looking card. 5% for prime members, 3% for non-prime.
Am I actually going to get a new physical card? What's the point of the Prime Store Card now. It's right next to it and 5% prime but nothing on other purchases.
PS if you're using UR points as credit you're missing out on their potential. Statement credit is 1%, certain cards will let you book travel at 1.15 (sapphire preferred) or even 1.5% (sapphire reserve).
The sapphires also let you transfer points directly to miles with star alliance, southwest, hilton, hyatt etc, which will generally net you better than 1%.
Yup, but 5% is better than 4.5% (3x1.5) so it still works out in your favor!amazon card doesn't give UR points
That's for Ultimate Rewards points though; the Amazon card doesn't give those so that doesn't apply here.Didn't Chase reduce the point conversion when used on Amazon recently?
edit: http://thepointsguy.com/2016/07/chase-devalues-ultimate-rewards-amazon/
If you're in the US, go to Amazon.com, Your Account > Manage Payment Options
You should see your card with an expander. Click on it...it should say Rewards Status: Earns 5% back
What about store cards?
amazon card doesn't give UR points
How do I enroll for one?
Looks like it from what I seeing. I signed up today and already got my $70 GC deposited in my Amazon account. The big thing to look out for is interest. Reward cards typically carry a much higher interest rate than what you'd get from a basic credit card at your bank or credit union. As long as you don't carry a large balance, or better yet pay it off every month, the rewards should be more than worth it.
So ideally if I pay it off every month (which I do with other cards) it's win/win? It seems like a good idea but I've never signed up for a "3rd party" card like this so I'm very slightly sketched out.
So ideally if I pay it off every month (which I do with other cards) it's win/win? It seems like a good idea but I've never signed up for a "3rd party" card like this so I'm very slightly sketched out.
Felt like adding... I'm probably just naive here, but it was pretty cool to go from the announcement web page to having the card in my account ready to use with the $70 gift card in 30 seconds. The world is crazy.
Do you have Prime Video under your own account or do you have to sign in with the main account?
I would drop the ideally part, but otherwise yeah. The poster was correct about the typical APRs on rewards cards are generally extremely high in comparison. Even carrying a balance for a couple months could easily wipe out the savings in points you've earned.
For reference, my wife is the one who pays for our Prime account but I'm listed as a family member. I got the upgrade applied to my card/account.
You always earn points.
You just use the points to create a statement credit rather than using it for a discount on Amazon.
Do you have Prime Video under your own account or do you have to sign in with the main account?
For reference, my wife is the one who pays for our Prime account but I'm listed as a family member. I got the upgrade applied to my card/account.