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In addition to the free shipping on 2 day delivery or the $4 next day delivery we purchase a lot from amazon on our chase/amazon credit card due to the 3% cash

by ktsmith 15y ago

In addition to the free shipping on 2 day delivery or the $4 next day delivery we purchase a lot from amazon on our chase/amazon credit card due to the 3% cash back on purchases from amazon. We pay the card off every month and then by the time Christmas rolls around we have tons of points to redeem. We also typically buy gas (2% back) and a few other large recurring monthly expenses on the card for the 1% cash back. I wouldn't use it for anything that I wasn't paying off immediately though as the interest rate sucks. The combination of prime and the card have significantly increased the amount we spend with Amazon.

dmoy 15y ago
The extra 2% back (assuming 1% from another card) is nice. While I do this as well, it does not end up making an impact on most stuff when I run the numbers. Combined with the shipping & customer service convenience though... :) The 2% gas (& food?) / 1% everything is the same as any other (good) card. Also yes, pay it off immediately. Not paying off any credit card immediately is insane, because the interest rates on basically all credit cards is abysmal. There are a lot of credit cards that will have 0% intro periods, but then the standard 10~15% rate after that. I've never seen one with an actual low interest rate (and if you think about it, why in hell would anyone offer such a card?) - correct me if I'm wrong though. Treat it like a debit card, but enjoy the benefits of building a credit score.
- ktsmith 15y ago
  Amazons credit card through chase is 3% on purchases at amazon.com, 2% for gas at most locations and 1% on everything else. Where the cash back works out is on things you have to spend money on anyway and can't get cheaper, gas being a good example of that. Our gas expenditures for last year resulting in about $100 in points on $3600 in gas. Using my debit card would have simply resulted in $3600 in debits.

by ktsmith 15y ago

dmoy 15y ago

The extra 2% back (assuming 1% from another card) is nice. While I do this as well, it does not end up making an impact on most stuff when I run the numbers. Combined with the shipping & customer service convenience though... :) The 2% gas (& food?) / 1% everything is the same as any other (good) card. Also yes, pay it off immediately. Not paying off any credit card immediately is insane, because the interest rates on basically all credit cards is abysmal. There are a lot of credit cards that will have 0% intro periods, but then the standard 10~15% rate after that. I've never seen one with an actual low interest rate (and if you think about it, why in hell would anyone offer such a card?) - correct me if I'm wrong though. Treat it like a debit card, but enjoy the benefits of building a credit score.

ktsmith 15y ago
Amazons credit card through chase is 3% on purchases at amazon.com, 2% for gas at most locations and 1% on everything else. Where the cash back works out is on things you have to spend money on anyway and can't get cheaper, gas being a good example of that. Our gas expenditures for last year resulting in about $100 in points on $3600 in gas. Using my debit card would have simply resulted in $3600 in debits.