I’m being tempted to apply for one for two reasons: one, I’m ready to dump another credit card I have that I don’t need really need or appreciate the store credit points anymore and two, Prime is offering a good incentive for me today ($70).
Any cons to this card in particular???
We’ve switched to Prime for our main credit card and have been using it for about one year. No cons that I’m aware of
I’ve had it for quite a while. No cons I’ve experienced.
I have one and just used it for Amazon purchases, as they have 5% cash back for those. Plus it has a minor record keeping advantage in terms of being able to easily track all Amazon purchases. I think it would be worthwhile for anyone who orders frequently from Amazon.
No downside other than one more credit card to keep track of with its own statement & billing cycle. But not a problem for me as I use it regularly (so I know that there will be a payment of some kind due every month).
Thanks - figured I’d give it a try for a year - I have been ordering quite a bit off Prime. Also admit that I REALLY wanted the pair of shoes that prompted the credit card offer - so this made them quite affordable!
I have had it for a number of years. Use it as my main credit card. The 1% back on nonamazon purchases adds up quickly.
I use it exclusively for Amazon purchases. It gets paid from bank account automatically, net of rebate, which is automatically applied. No muss; no fuss.
In addition:
Amex Blue Cashback Preferred for groceries (6% back up to $6000 of groceries, $75 fee).
PenFed for gasoline (5% rebate, magic wand for Exxon/Mobil stations).
Citi Double Cash back (2% rebate for everything else).
All of the cards are auto pay via ACH from bank. 2 of them require requesting rebates periodically to be applied to the account balance, but mostly this is a set-it-and-forget-it deal.
I haven’t checked lately, but typically we get >$2500 in rebates per year. I don’t think we buy things that we would not have bought otherwise. If only they accepted credit cards for tuition without a “convenience fee.”
I don’t mean to hijack this thread but a dear (elderly) friend asked me a question about these points credit cards…She was coerced into applying for a travel points card that offered a very nice sign-up incentive (and it was a great offer!). She didn’t realize until after she used the card and the bonus points that there’s nearly a $100 annual fee, and really doesn’t want to pay it (she said none of her “other cards” have fees) - is she able to cancel this card without a penalty (like having to pay back the points she used?), or is she on the hook forever? Does anyone know/have information?
No one is on the hook forever. She can easily cancel before she has to renew and pay for next year’s fee. Generally you can’t get refund of annual fee if you got the benefit (signing bonus). She could call and ask about forfeiting the signing bonus and switching to free card if that’s what she’d prefer.
So she used the bonus points already - would she be required to pay them back (so to speak) if she cancels? I’m sitting with her in a nursing home and she’s fretting that she might have to pay it back. 
Was the fee waived the first year? You need more details? Many reward cards have an incentive of the bonus plus the first year the fee is waived. The fee is charged for the 2nd year at which point she can cancel.
The first year the fee was waived - she’s about 2 months before the start of year 2 (so I assume the fee will post soon) - so should she wait to cancel until after the fee is charged (therefore only paying it once)? And do you know if she would be required to pay back the sign on bonus points (already used)?
I personally have never had a card with a fee so am pretty clueless.
Thank you!
The fee is for the coming year so if she cancels when she gets that bill she is fine.
For example my D a few years ago was buying an expensive air ticket to South America. American Airlines offered her a card that would give her a $100 credit off the plane ticket. It also gave her a certain number of miles if she charged a certain dollar amount in the first three months. The annual fee was waiver. She used the bonus miles for a trip to a friends wedding. Fast forward a year she gets the bill with the fee posted. She doesn’t feel she will use the card enough to warrant paying $95 a years. She cancels at that point and they reverse the fee and she pays her last bill with them.
You could also have her call the credit card company while you are with her to clarify what her commitment to them is.
Thank you so much - I think she was really worried she’d have to pay them back the bonus she’d earned and used.
I do that all the time, for example I had the Southwest credit card for a year and just recently cancelled once the initial free twelve months were up.
The ‘con’ I could see for the Amazon Prime card is the interest rate or other charges. Yes, I know YOU (all of us practically perfect CCers) don’t pay interest because you always pay off your balance, etc. but mistakes do happen. My credit union credit cards have interest rates of about 8% and generous grace periods (for example, my bill is due on the 15th but I’ve learned they will not charge me interest if I’m 5-10 days late). Whenever I’ve had an issue, I call and they waive any fees (I’ve been a member at one for 40 years, the other 35). If I need to spread payments over a month or two, the interest rate isn’t horrible.
I also have other cards through Chase. They are nice in customer service, but not that nice. I think the interest rates on those cards are 15%-18%, and I’m a really good customer. A late charge is $29, but would also cause the interest rate to go up.