Amazon Store Card Review: 5% Back on Amazon Purchases with Prime

amazonstoreA few readers have asked my opinions of the Amazon Store Card, a retail card issued by Synchrony Bank. You can only use it to buy things at Amazon.com – note the lack of a logo from Visa, Mastercard, Discover, or American Express. This is a separate product from the Amazon.com Rewards Visa Card (3% back at Amazon), which is a credit card issued by Chase that you can use anywhere that Visa is accepted. The key benefits of the Amazon Store Card are:

  • 5% Back for Amazon Prime members. Amazon Prime members are automatically upgraded to the Amazon Prime Store Card and can earn 5% back on all Amazon.com purchases.
  • No annual fee.

There are also financing offers, that come with the card, similar to retailer cards from Home Depot or Lowe’s.

  • No interest if paid in full within 6 months on any purchase totaling $149 or more. Interest will be charged to your account from the purchase date if the promotional balance is not paid in full within 6 months. Minimum monthly payments required.
  • No interest if paid in full within 12 months on any purchase totaling $599 or more. Interest will be charged to your account from the purchase date if the promotional balance is not paid in full within 12 months. Minimum monthly payments required.
  • No interest if paid in full within 24 months on select items sold by Amazon.com. Items sold by third parties do not qualify. Interest will be charged to your account from the purchase date if the promotional balance is not paid in full within 24 months. Minimum monthly payments required and may pay off purchase before end of promo period.
  • 12 Month Equal Pay Offer: 0% APR until paid in full. 12 equal monthly payments required.

As with those home improvement offers, you have to watch out for the balloon interest payment at the end. If you don’t pay in full, you will get charged back-dated interest starting back from the purchase date and not the end of the promo period. This credit line charges a variable interest rate based on the Prime Rate. The current Variable purchase APR is 26.24%. Yikes.

Commentary. So why don’t I mention the Amazon Store Card all the time? My rule of thumb is that a “hard” credit check can reliably net me at least $500 in value, usually from “try me! try me!” credit card incentives. It is very rare that I shop at any specific retailer enough to get $500 in savings. For example, it would take $10,000 of Amazon purchases at 5% back to net me $500 in cash back.

At the same time, 5% rotating category credit cards often have Amazon or a place that sells Amazon gift cards as an eligible category. Other cards like the American Express Blue Cash Preferred offer 6% back at grocery stores (that sell Amazon gift cards) or Chase Ink Business cards offer 5% back at office supply stores (that sell Amazon gift cards). Basically, there are other ways that I can stock up on Amazon gift cards at 5% off without having this card.

If you are a loyal Prime member that spends a lot of money at Amazon and prefer simplicity, then this card can make sense. The 5% off is automatic with your bill, and you get to easily track how much your Amazon habit is costing you. You’ll also want to be the type that either pays your bills in full or is great at navigating the fine print on financing opportunities. 26% APR interest is scary.

Citi American Airlines AAdvantage MasterCard Review – 50,000 Mile Limited-Time Bonus

Citi AAdvantage Platinum Select MasterCard Art

Limited-time bonus. The Citi® / AAdvantage® Platinum Select® World Elite™ MasterCard®, from our partner Citi, has increased their sign-up bonus with a limited-time offer. Here are the updated card highlights:

  • For a limited time, earn 50,000 American Airlines AAdvantage® bonus miles after making $3,000 in purchases within the first 3 months of account opening*
  • First checked bag is free on domestic American Airlines itineraries for you and up to four companions traveling with you on the same reservation*
  • Enjoy Group 1 Boarding on American Airlines flights*
  • No Foreign Transaction Fees on purchases.
  • Receive 25% savings on in-flight food and beverage purchases when you use your card on American Airlines flights*
  • Double AAdvantage® miles on eligible American Airlines purchases*
  • Earn 10% of your redeemed AAdvantage® miles back – up to 10,000 AAdvantage® miles each calendar year*
  • Annual fee is $95, waived for the first 12 months.

Note the following fine print:

OFFER AVAILABILITY
American Airlines AAdvantage® bonus miles are not available if you have had any Citi® / AAdvantage® card (other than a CitiBusiness® / AAdvantage® card) opened or closed in the past 24 months.

To clarify, you can have one of both the consumer version of this card and the CitiBusiness business version under your name. The bonuses are also separate. You can get one consumer bonus every 24 months, and you can also get one business bonus every 24 months.

American Airlines MileSAAver awards are still 25,000 miles for a round-trip ticket within the contiguous 48 states. If the trip is less than 500 miles, then it is only 15,000 miles roundtrip within the contiguous 48 states. Under-500 miles routes include Las Vegas to/from Los Angeles, Charleston to/from Miami, New York to/from Washington DC, Philadelphia to Boston, and many others.

This card also makes you eligible for Reduced Mileage Awards, where you save up to 7,500 miles on roundtrip MileSAAver® awards to select destinations on American Airlines operated flights. Combine this with the 10% rebate on redeemed AAdvantage miles, and you can stretch your miles a lot further.

Bottom-line. This limited-time offer is a 20,000 miles increase from the previous 30,000 mile offer. The annual fee is also waived during the first year. Since you can only get one of these bonuses once every 24 months, it it is best to wait for such a bumped-up bonus. As with most of these co-branded cards, a lot of the potential value comes when you fly on American and use the free first checked bag benefit ($50 per person, roundtrip) and also when you redeem miles.

Citi® / AAdvantage® Platinum Select® World Elite MasterCard® application page

“Disclaimer: This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program.”

CitiBusiness American Airlines AAdvantage MasterCard Review – 50,000 Mile Limited-Time Bonus

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ThanksAgain: 200 Bonus Points Promo Link, Keep Multiple Miles Accounts From Expiring

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How To Stop Mailed Paper Catalogs and Other Junk Mail

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How To Stop Balance Transfer Checks from Chase, Citibank, Capital One, Etc.

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Amazon $5 off $15 of Print Books Coupon

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Amazon has a new promotional code GIFTBOOK that gets you $5 off any books purchase of $15 or more. Must be print books (can be multiple), shipped and sold by Amazon. Offer expires Sunday night at December 4, 2016 at 11:59 PM Pacific. Here are … [Read the rest]

Target 10% Off Gift Cards on Sunday, December 4th, 2016

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Target is planning to offer 10% off Target Gift Cards on Sunday, December 4th. This was announced in a Target press release. Popular promotions from 2015 will return, including 10 Days of Deals, which will feature a distinct offer each day for … [Read the rest]

Free Limited-Edition Gund Teddy Bear with $100 Amazon Gift Card

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DirecTV Now Review + Free Apple TV or Fire TV Stick Promotions

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When “Saving Money” Doesn’t Actually Grow Your Savings Account…

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Starbucks App: Load $10 with Visa Checkout, Get $10 Bonus

Promotion back again starting 11/29. A recent study found that free pizza was a better motivator than cash. How about some free coffee? Starbucks is again offering a free $10 bonus Starbucks eGift card if you use the Starbucks smartphone app … [Read the rest]