{"id":330331,"date":"2017-01-11T23:07:23","date_gmt":"2017-01-11T15:07:23","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1437208"},"modified":"2017-01-11T23:07:23","modified_gmt":"2017-01-11T15:07:23","slug":"amazon-primes-latest-perk-is-a-new-rewards-visa-card-with-5-back","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/amazon-primes-latest-perk-is-a-new-rewards-visa-card-with-5-back\/","title":{"rendered":"Amazon Prime\u2019s latest perk is a new Rewards Visa Card with 5% back"},"content":{"rendered":"

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Amazon announced<\/a> this morning it\u2019s teaming up with Chase to introduce a new Visa credit\u00a0card exclusively for its most loyal customers, Prime members. The card offers Prime members 5 percent back on Amazon purchases, as well as other rewards including 2 percent back at restaurants, gas stations and drugstores, and 1 percent back everywhere else.<\/p>\n

This is not Amazon\u2019s first entry into the credit card space, as any Amazon shopper can tell you. Ads appear across Amazon\u2019s site today, encouraging you to save\u00a0money on purchases by applying for Amazon\u2019s Rewards card. However, it\u00a0is the first one that targets Prime members in particular, with a focus on encouraging increased spending on the site.<\/p>\n

The addition follows\u00a0two other cards which only work on Amazon.com or with those retailers who use Pay with Amazon, as well as the original cashback-focused Amazon.com Rewards Visa, which offers 3 percent back on purchases.<\/p>\n

The new card sweetens the deal for Prime members with a 5 percent cash back option instead. Amazon says that it will upgrade current Rewards Visa Signature cardmembers with eligible Prime memberships to the new card, but they\u2019ll be able to take advantage of the benefits immediately \u2013 even before the card arrives.<\/p>\n

Other benefits include no annual fee, no foreign transaction fees when traveling or when\u00a0cross-border shopping, travel protection, 24\/7 concierge service, zero fraud liability, and the card itself\u00a0features a new metal design. There\u2019s no cap on rewards earned and those rewards never expire, Amazon says.<\/p>\n

The Amazon Prime Rewards Visa Signature Card (whew!) is issued by J.P. Morgan Chase, sports the Visa logo, and reads \u201cAmazon Prime\u201d at the top right.<\/p>\n

The move represents yet another effort by the online retailer to encourage consumers to join its $99 yearly membership program, Amazon Prime, whose benefits now extend far beyond just free, 2-day shipping.<\/p>\n

Today, Prime members can take advantage of a host of services from Amazon, including Amazon\u2019s Netflix-like service Prime Video,\u00a0music streaming via Prime Music, free ebooks and magazines through Prime Reading, Audible Channels, unlimited photo backup and storage via Prime Photos, Twitch Prime, early access to deals, and more.<\/p>\n

Amazon continually adds new perks to Prime in order to boost Prime membership, which was recently estimated to range anywhere from 58 to 69 million members<\/a>. That\u00a0means\u00a0roughly half of U.S. households<\/a>\u00a0are using Prime. The program is key to Amazon\u2019s bottom line, given that Prime members may spend<\/a> more than double what non-members do, according to some analysts.<\/p>\n

The new Amazon Prime Rewards Visa Signature Card is available starting today\u00a0on Amazon.\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\"amazon_prime_visa_card-1\" Amazon announced this morning it’s teaming up with Chase to introduce a new Visa credit\u00a0card exclusively for its most loyal customers, Prime members. The card offers Prime members 5 percent back on Amazon purchases, as well as other rewards including 2 percent back at restaurants, gas stations and drugstores, and 1 percent back everywhere else. This is not Amazon’s first entry… Read More<\/a><\/p>\n

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