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There's already the 'Amazon.com Store Card` which offers 5% back on purchases at Amazon.com. It can only be used for Amazon.com purchases. There's also the 'Am

There's already the 'Amazon.com Store Card` which offers 5% back on purchases at Amazon.com. It can only be used for Amazon.com purchases. There's also the 'Amazon Rewards Visa Card' which offers 2% back at gas stations, drugstores and restaurants (all other purchases are 1% back). So unless I'm mistaken, this just looks like it combines both benefits into one card.

ghaff 10y ago
It also adds no foreign transaction fees which is common on Chase affinity cards with a fee but wasn't the case with the original non-Prime Amazon card. (Which is a fairly significant benefit if you travel internationally and don't already use a card with that benefit.)
- Someone1234 10y ago
  No foreign transaction fees is always appreciated. I never travel without it these days. I will add that typically this perk does NOT apply to foreign ATM cash withdrawals. Only to regular purchases made with the card. Taking out cash using a credit card is always an expensive proposition, doubly so abroad.
  - ghaff 10y ago
    Right. And in many cases, it's considered doing a cash advance which turns on the interest fee machine. A few years ago, my dad got hit by this much to his surprise even though he's been a huge traveler forever. I use my regular ATM card to get cash. There's still a (relatively high) fee but it's still probably better than the currency exchange places and, at least in Western Europe, I don't need cash that often any longer.
    - nommm-nommm 10y ago
      >I use my regular ATM card to get cash. There's still a (relatively high) fee Are you in the US? If so there's no reason to pay any fees. Get a Fidelity Cash Management Account and/or a Charles Schwab Investor Checking Account. Both are free without any minimum balance requirements. Neither charge a currency conversion fee and both reimburse all ATM fees. Personally, I use Fidelity. I couldn't be happier with their products (I also have an IRA and credit card with them) and service. I'm not affiliated, just a happy customer.
      - ghaff 10y ago
        Thanks. I already use Fidelity. Though, to be honest, I doubt I spend $30 in ATM foreign exchange fees a year. I should look into though.
        nommm-nommm 10y ago
        They refund all ATM fees that the the ATM charges as well, which is really nice when you are stuck somewhere without cash, the place is cash only, and the only ATM is some no-name, no-brand ATM in the back that charges and arm and a leg. I should mention that Fidelity does have a foreign transaction fee on DEBIT purchases, I don't know if Schwab does or not. But I don't use my debit card for debit purchases, just at ATMs, so that doesn't apply to me.
      - basch 10y ago
        happy Charles Schwab High Yield Investor Checking and Chase Amazon Rewards Visa Signature customer chiming in, would recommend both to anyone. Schwab: all my ATM fees paid, 200 commission free ETFs, and target date mutual funds with an expense ratio of .13% if you dont want to balance a portfolio once a year. https://www.csimfunds.com/secure/file/P-9430864 https://www.csimfunds.com/secure/file/P-9430864 Chase: 3-5% cash back on Amazon, 1-2% elsewhere, can take it as a statement credit.
  - lewisl9029 10y ago
    Schwab offers a debit card that doesn't add any foreign transaction fees for ATM withdrawls. http://www.schwab.com/public/schwab/banking_lending/checking_account/features_and_fees http://www.schwab.com/public/schwab/banking_lending/checking... See footnote 6. Been planning on trying it out the next time I go back to Canada as a way of transferring small amounts of money between Canada and the US for free.
- compuguy 10y ago
  It looks like my Amazon card was upgraded to the Prime Amazon card.
misframer 10y ago
If you already have an Amazon Rewards Visa Card and are a Prime member, you're automatically upgraded to this card.
- 2bluesc 10y ago
  From the article: > Amazon says that it will upgrade current Rewards Visa Signature card members 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
  - misframer 10y ago
    Yep. My Amazon account reflects the new benefits already.
2bluesc 10y ago
Ironically I signed up for the store card a few months ago because it seemed like a no brainer to save 5% and I shop often at Amazon. Now this. I wish there was a way to upgrade (even forfeit $70 gift card promo bonus). Instead it seems difficult since the store card was Synchrony bank and the new Prime Rewards card uses Chase bank. Now I have two Amazon cards. Looks like the store card will sit unused since the credit system we live in frowns upon closing credit lines, as I understand it.
- nommm-nommm 10y ago
  >Looks like the store card will sit unused since the credit system we live in frowns upon closing credit lines, as I understand it. Unless it's your oldest account it's not going to hurt your credit to close it. It will still age for 10 years under the FICO 8 algorithm. I close cards right and left and my score isn't affected by it.
  - zzleeper 10y ago
    My oldest cc is 6 years old (non-american), and I really want to close it. Do you have any idea of its effect ob my FICO? (You mentioned "age for 10 years", what does that mean?) :)
    - nommm-nommm 10y ago
      If its non American does it show up on your American credit report? If it doesn't it won't effect your American credit score at all, close it. FICO 8 calculates "average age of accounts" as total months of all accounts on your credit report (both open and closed) from the open dates to the present, divided by the number of all accounts on your report. "Average age of accounts" is what they use in their scoring algorithm. They also factor in "age of oldest account" in their scoring algorithm which is why you shouldn't close your oldest account because it will drop off your credit report after 10 years. Closed accounts only stay on your credit report for 10 years.
  - mmanfrin 10y ago
    What do you mean it will still age for 10 years? Closing it won't stop the 'aging' of the card vis-a-vis your credit?

ghaff 10y ago

It also adds no foreign transaction fees which is common on Chase affinity cards with a fee but wasn't the case with the original non-Prime Amazon card. (Which is a fairly significant benefit if you travel internationally and don't already use a card with that benefit.)

Someone1234 10y ago
No foreign transaction fees is always appreciated. I never travel without it these days. I will add that typically this perk does NOT apply to foreign ATM cash withdrawals. Only to regular purchases made with the card. Taking out cash using a credit card is always an expensive proposition, doubly so abroad.
- ghaff 10y ago
  Right. And in many cases, it's considered doing a cash advance which turns on the interest fee machine. A few years ago, my dad got hit by this much to his surprise even though he's been a huge traveler forever. I use my regular ATM card to get cash. There's still a (relatively high) fee but it's still probably better than the currency exchange places and, at least in Western Europe, I don't need cash that often any longer.
  - nommm-nommm 10y ago
    >I use my regular ATM card to get cash. There's still a (relatively high) fee Are you in the US? If so there's no reason to pay any fees. Get a Fidelity Cash Management Account and/or a Charles Schwab Investor Checking Account. Both are free without any minimum balance requirements. Neither charge a currency conversion fee and both reimburse all ATM fees. Personally, I use Fidelity. I couldn't be happier with their products (I also have an IRA and credit card with them) and service. I'm not affiliated, just a happy customer.
    - ghaff 10y ago
      Thanks. I already use Fidelity. Though, to be honest, I doubt I spend $30 in ATM foreign exchange fees a year. I should look into though.
      - nommm-nommm 10y ago
        They refund all ATM fees that the the ATM charges as well, which is really nice when you are stuck somewhere without cash, the place is cash only, and the only ATM is some no-name, no-brand ATM in the back that charges and arm and a leg. I should mention that Fidelity does have a foreign transaction fee on DEBIT purchases, I don't know if Schwab does or not. But I don't use my debit card for debit purchases, just at ATMs, so that doesn't apply to me.
    - basch 10y ago
      happy Charles Schwab High Yield Investor Checking and Chase Amazon Rewards Visa Signature customer chiming in, would recommend both to anyone. Schwab: all my ATM fees paid, 200 commission free ETFs, and target date mutual funds with an expense ratio of .13% if you dont want to balance a portfolio once a year. https://www.csimfunds.com/secure/file/P-9430864 https://www.csimfunds.com/secure/file/P-9430864 Chase: 3-5% cash back on Amazon, 1-2% elsewhere, can take it as a statement credit.
- lewisl9029 10y ago
  Schwab offers a debit card that doesn't add any foreign transaction fees for ATM withdrawls. http://www.schwab.com/public/schwab/banking_lending/checking_account/features_and_fees http://www.schwab.com/public/schwab/banking_lending/checking... See footnote 6. Been planning on trying it out the next time I go back to Canada as a way of transferring small amounts of money between Canada and the US for free.
compuguy 10y ago
It looks like my Amazon card was upgraded to the Prime Amazon card.

misframer 10y ago

If you already have an Amazon Rewards Visa Card and are a Prime member, you're automatically upgraded to this card.

2bluesc 10y ago
From the article: > Amazon says that it will upgrade current Rewards Visa Signature card members 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
- misframer 10y ago
  Yep. My Amazon account reflects the new benefits already.

2bluesc 10y ago

Ironically I signed up for the store card a few months ago because it seemed like a no brainer to save 5% and I shop often at Amazon. Now this. I wish there was a way to upgrade (even forfeit $70 gift card promo bonus). Instead it seems difficult since the store card was Synchrony bank and the new Prime Rewards card uses Chase bank. Now I have two Amazon cards. Looks like the store card will sit unused since the credit system we live in frowns upon closing credit lines, as I understand it.

nommm-nommm 10y ago
>Looks like the store card will sit unused since the credit system we live in frowns upon closing credit lines, as I understand it. Unless it's your oldest account it's not going to hurt your credit to close it. It will still age for 10 years under the FICO 8 algorithm. I close cards right and left and my score isn't affected by it.
- zzleeper 10y ago
  My oldest cc is 6 years old (non-american), and I really want to close it. Do you have any idea of its effect ob my FICO? (You mentioned "age for 10 years", what does that mean?) :)
  - nommm-nommm 10y ago
    If its non American does it show up on your American credit report? If it doesn't it won't effect your American credit score at all, close it. FICO 8 calculates "average age of accounts" as total months of all accounts on your credit report (both open and closed) from the open dates to the present, divided by the number of all accounts on your report. "Average age of accounts" is what they use in their scoring algorithm. They also factor in "age of oldest account" in their scoring algorithm which is why you shouldn't close your oldest account because it will drop off your credit report after 10 years. Closed accounts only stay on your credit report for 10 years.
- mmanfrin 10y ago
  What do you mean it will still age for 10 years? Closing it won't stop the 'aging' of the card vis-a-vis your credit?