Are Amazon Credit Cards Worth It? | Smart Change: Personal Finance

[ad_1]

Pros and Cons

There’s no other card that will earn you higher everyday rewards on your Amazon spending, so if you’re already an Amazon Prime member and spend a fair amount of money on the site, this card deserves a place in your wallet. But if you rarely shop using Amazon, it may not make sense to pay the annual fee for Prime membership.

To break even with the annual Prime membership cost of $119, you’d have to spend $2,380 annually (just under $200 monthly) on a combination of Amazon spending and/or at Whole Foods Market. Of course this doesn’t take into account some of the other benefits of Prime membership, like free next day and two-day delivery, Prime Video, Amazon Music, Amazon Photos and more. Those additional perks may hold value for you.

Alternate Pick: Amex EveryDay® Preferred Credit Card*

If you’re primarily looking for rewards on everyday spending, consider the Amex EveryDay® Preferred Credit Card. For an annual fee of $95 the card offers the following rewards: Earn 3 points per dollar at US supermarkets, on up to $6,000 per year in purchases (then 1 point per dollar), 2 points per dollar on US gas stations and 1 point per dollar on other eligible purchases. The welcome bonus will help you score some extra cash back on Amazon.com, too: Earn 15,000 Membership Rewards points after you use your new card to make $1,000 in purchases in your first 3 months of account opening.

[ad_2]

Source link

Share via
Copy link
Powered by Social Snap