New Amazon Chase Visa Credit Card Signup Bonus: $70 + 5% Back on $2,500 in Purchases

The Offer

Direct Link to offer

  • Signup for a new Amazon Prime Rewards Visa Signature card from Chase and get 5% back on all non-Amazon purchases during the first 3 months, on up to $2,500 in purchases. Plus, get a $70 Amazon gift card instantly upon approval.

Our Verdict

Reader James sent this in, I’m assuming this is only showing for Prime members; not sure if it’s showing for all Prime members or only some. All in, you’ll land up with $70 + $125 after meeting the spend = $195 which is much more than the typical deal of more like $50 – $150 gift card bonus (usually not more than $100). I’d value this less than $195 since I’d anyway be earning 2-3% on the $2,500 in spend, so I’d calculate the ‘real’ value of the $195 signup bonus as more like $130. Still a decently good deal if you’d be interested in getting the card anyway for the 5% Amazon/WholeFoods earn and assuming you don’t find the spend burdensome.

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23 Comments
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Tommy
Tommy (@guest_1148830)
February 22, 2021 20:39

Is this card any better than the one offered by Amex?

B
B (@guest_1147775)
February 19, 2021 21:19

Getting the same message clicking the link “ this page is being updated” however upon checking out I see a $50 instant credit and 3% back on all amazon purchases for 3 months upon approval for this card. Not a great deal really ….

SU
SU (@guest_1147267)
February 19, 2021 04:12

some changes coming?

Thank you for your interest in Amazon.com Credit products!

This page is currently being updated.
We appreciate your patience.
Please return later today to apply for your Amazon Credit product.
Thank you.

Dev
Dev (@guest_1147058)
February 18, 2021 18:51

This signup bonus is like putting lipstick on a pig.

seesaw
seesaw (@guest_1147439)
February 19, 2021 12:33

Turn on for some scientists I guess

ChannelZ28
ChannelZ28 (@guest_1147583)
February 19, 2021 15:29

Gross

seesaw
seesaw (@guest_1147796)
February 19, 2021 21:56

Of course

JapanVacay
JapanVacay (@guest_1147045)
February 18, 2021 18:33

Anyone have a general idea of the kind of credit score you’d need to get approved?

dan
dan (@guest_1147021)
February 18, 2021 18:00

Is this targeted? mine is still just $70 without any 5% cash back.

Nhan
Nhan (@guest_1147125)
February 18, 2021 20:37

me too

Himanshu
Himanshu (@guest_1146975)
February 18, 2021 17:07

Nice try Jeff Bezos

TB
TB (@guest_1146979)
February 18, 2021 17:09

The card is issued by JPMorgan Chase

DD
DD (@guest_1147283)
February 19, 2021 07:03
  TB

Nice try John Pierpont Morgan

Esquiar
Esquiar (@guest_1146967)
February 18, 2021 16:59

Whole foods with 5% cashback and 10-20% markup is strictly worse than shopping a normal grocery store with 3% BCE.

Alternatively, the BCP makes sense for anyone buying $300 in groceries per month. Then any Amazon GCs bought at the store are a marginal 6% back. So BCP is best option for someone spending $3.5k to $6k on groceries and Amazon per year, unless they only shop at Whole Foods

TB
TB (@guest_1146980)
February 18, 2021 17:10

People who shop at Whole Foods do it out of choice, fully aware of the “markup” that you’re referring to.

Roy
Roy (@guest_1147471)
February 19, 2021 13:00

What card is BCP? Would like to look into that.

DailyGrindIt
DailyGrindIt (@guest_1147615)
February 19, 2021 16:28

Amex Blue Cash Preferred. 6% groceries, $95 AF.

Justanother Dude
Justanother Dude (@guest_1147865)
February 20, 2021 02:11

> the BCP makes sense for anyone buying $300 in groceries per month.

Heads up: if you’re a Walmart shopper, the CapOne Walmart MasterCard gives 5% off everything (groceries, online, in-store (with app)). No AF. For the ~$5k per year I spend at WM, that’s a better deal than BCP 6% with $95 AF.

Help
Help (@guest_1146966)
February 18, 2021 16:59

Does 5/24 apply to this?

Jordan (Professional MSer)
Jordan (Professional MSer) (@guest_1147111)
February 18, 2021 20:08

Yes. Fuck you Chase

Samantha
Samantha (@guest_1146929)
February 18, 2021 16:40

link not working —-> This page is currently being updated.