Amazon Prime Day officially takes place on June 21 and 22 and there are plenty of ways to maximize your savings at this year’s event. Using a credit card with cash back is a great strategy for shopping on any day, but using a card with Amazon-specific benefits can lead to significant savings during the Prime Day period. Although we don’t necessarily recommend apply for a new credit card just for Prime Day, if you are planning on making a large purchase – a smart watch, TV, portable or desktop computer – a cash back card could improve any offer you come across. Of course, if you already have one of these cards in your wallet, taking it out for Prime Day shopping is a no-brainer.

As always, keep in mind that Cash Back is an interesting quest in tandem with credit card use. It means spending within your limits and pay your balance each month. Otherwise, you risk paying more interest than you could earn in rewards, which could hurt the entire business and hurt your business. Personal finance In the process.

Read more: Why you might want to pay taxes with a credit card

Although just about anyone credit card with cash back can help you save money on Prime Day – or any of the offers leading up to the big event – only a few offer special Amazon-specific rewards. Below, we’ve rounded up our picks for the best credit card for Amazon Prime Day.

Amazon Prime Rewards Visa Card

Amazon

Reward rate: 5% Cash Back on Amazon and Whole Foods; 2% in restaurants, gas stations, pharmacies; 1% on everything else; up to 10% cash back on rotating categories and Prime exclusives; up to $ 10 cash back during the “Spend $ 10, Get $ 10” sale; up to 10% cash back on select small business purchases
Annual subscription: $ 0 (must be an Amazon Prime member to apply)
Sign-up bonus: Up to $ 150 Amazon gift card
Credit requirement: Fair
Introductory APR: N / A
APR: 14.24% to 22.24% variable

The Amazon Prime Rewards Visa card is a solid choice for making more money during Prime Day. New card users receive a welcome bonus of up to $ 150 in the form of an Amazon gift card. And you’ll earn 5% cash back on any purchase from Whole Foods or Amazon – a compelling cash back bonus, especially if you’re a frequent buyer from Amazon.com or Whole Foods – which can be redeemed at checkout or as a credit statement from Chase. You must have an Amazon Prime subscription to apply for this Amazon Visa Signature card.

Amazon also announced some exclusive Prime Day benefits for cardholders. First, you could receive up to 10% cash back on certain renewable categories. In preparation for Prime Day, you can receive 10% cash back on select small business purchases from June 7-20, 2021. Finally, you can also earn a $ 10 credit to use on Prime Day when you spend $ 10 or more. more with some Amazon. small business vendors between June 7 and June 20, 2021.

Check out the full review in CNET’s roundup of the best cash back credit cards.

Bank of America personalized credit card with cash rewards

Bank of America

Reward rate: 3% cash back in the category of your choice (the online shopping category includes Amazon.com); 2% in grocery stores and wholesale clubs (up to $ 2,500 in quarterly purchases in the combined choice / grocery store / wholesale club category, then 1%); 1% on everything else
Annual subscription: $ 0
Sign-up bonus: $ 200 in online cash rewards after spending $ 1,000 on purchases in the first 90 days
Credit requirement: Good to excellent
Introductory APR: 0% introductory APR for 15 billing cycles on purchases, and for any balance transfers made within the first 60 days
APR: 13.99% to 23.99% variable

The Bank of America Personalized Cash Rewards Credit Card allows you to choose your own once-per-month bonus category from six categories: gasoline, online shopping, restaurants, travel, drugstores, or home improvement / furnishings. If you select online shopping as the rewards category, you will be able to earn 3% Cash Back at Amazon.com, as well as many other online retailers. This makes it a great choice for new and existing users, as there is still time to select your rewards category before Prime Day begins in June.

Note that you only earn 3% on your selected category and 2% in grocery stores and wholesalers for purchases up to $ 2,500 per quarter. After that, your repayment rate drops to 1%. This means that you will need to strategize to maximize your reward earnings on Prime Day.

Check out the full review in CNET’s roundup of the best cash back credit cards.

American Express Blue Cash Preferred® Card

American Express

The conditions apply to American Express benefits and offers. Registration may be required for certain American Express benefits and offers. Visit americanexpress.com to learn more.

Reward rate: 6% cash back in US supermarkets up to $ 6,000 per year in purchases, then 1% (including Whole Foods); 6% cash back on select US streaming subscriptions (including Amazon Prime Video); 3% on gas stations and American gas stations; 1% on other everyday purchases. Cash back is received in the form of reward dollars which can be redeemed as a credit on the statement.
Annual subscription: $ 0 annual introductory fee for the first year; $ 95 per year after (see prices and fees)
Introductory bonus: 20% cashback on purchases made on Amazon.com in the first six months of card membership (up to $ 200 cashback); $ 150 back after spending $ 3,000 on purchases in the first six months of card membership. Cash back is received in the form of statement credits.
Credit requirement: Good to excellent
Introductory APR: 0% introductory APR on purchases for 12 months from the date of opening the account (see prices and fees)
APR: 13.99% to 23.99% variable (see prices and fees)

If you plan to spend up to $ 1,000 on that bonus day, the Blue Cash Preferred® card from American Express can earn you up to $ 200 in cash back if you are a new customer. New members can also earn an additional $ 150 by spending $ 3,000 in the first six months, so you can technically earn up to $ 350 in savings this Prime Day. However, existing members may want to look for a different card to maximize Prime Day benefits. While members earn 6% Cash Back at US supermarkets (up to $ 6,000 per year, then 1%) and some US streaming subscriptions (including Whole Foods and Amazon Prime Video), you will only earn 1% on Amazon.com purchases during the first day.

Check out the full review in CNET’s roundup of the best cash back credit cards.

American Express Blue Cash Everyday® Card

American Express

The conditions apply to American Express benefits and offers. Registration may be required for certain American Express benefits and offers. Visit americanexpress.com to learn more.

Reward rate: 3% cash back in US supermarkets up to $ 6,000 per year in purchases, then 1% (including Whole Foods); 2% Cash Back at U.S. gas stations and select U.S. department stores; 1% on other purchases. Cash back is received in the form of reward dollars which can be redeemed for credits on the statement.
Annual subscription: $ 0 (see prices and fees)
Introductory bonus: 20% cashback on Amazon.com purchases made in the first six months of card membership (up to $ 150 cash back); $ 100 refund after spending $ 2,000 on purchases in the first six months of card membership. Cash back is received in the form of statement credits.
Credit requirement: Good to excellent
Introductory APR: 0% introductory APR on purchases for 15 months from the date of opening the account (see prices and fees)
APR: 13.99% to 23.99% variable (see prices and fees)

While the Blue Cash Preferred® card from American Express offers higher overall cash back incentives and opportunities, the Blue Cash Everyday® card from American Express has no annual fees and does offer some Amazon perks. The Everyday card offers lower cash back rates (3% back on US supermarkets up to $ 6,000 per year, then 1%, 2% on US gas stations and some US department store purchases and 1% for other purchases) but offers a specific Amazon Introductory Bonus: You can get 20% back on Amazon.com purchases made during your first six months of membership, for up to $ 150 in cash back. silver. On top of that, you can earn an additional $ 100 when you spend $ 2,000 on purchases in the first six months.

Check out CNET’s roundup of the best cash back credit cards.

For pricing and fees for the American Express Blue Cash Preferred Card, click here.

For pricing and fees for the American Express Blue Cash Everyday card, click here.


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