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Shopping on Amazon is a favorite of millions of Americans because of its ease and convenience. And the retailer loves to roll out a slew of pre-holiday deals, including Black Friday and Cyber Monday. But depending on how you shop, you could be missing out on valuable rewards, savings, and consumer protection.
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Amazon’s Black Friday Sale: Here’s How to Pay
There are several ways to pay for Amazon purchases: with an Amazon credit, debit or gift card. While some people may prefer a debit card because it is linked directly to a checking account, credit cards offer great benefits including rewards and consumer protection.
Here are some of the best cards to use when shopping during Amazon’s Black Friday sale:
Best card for cashback
Amazon Prime Rewards Visa Signature Card
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Reward
5% cashback at Amazon.com and Whole Foods Market; 2% return at restaurants, gas stations and pharmacies; 1% cashback on all other purchases
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Welcome Bonus
$200 Amazon.com Gift Card When Approved
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Annual fee
$0 (but Prime membership is required)
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Introductory APR
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Regular APR
15.74% to 23.74% variable
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Balance transfer fee
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Foreign transaction fees
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Credit needed
Advantages
- No annual fee
- $150 Amazon.com gift card on approval, no spending required
- 5% back at Amazon.com and Whole Foods Market
- No charges for purchases outside the US
Defect
- Prime membership is required
- 5% cashback on groceries only applies to groceries purchased on Amazon.com or at Whole Foods Market
- Estimated rewards earned after 1 year: $590
- Estimated rewards earned after 5 years: $2,352
The total reward includes the number of points earned from the welcome bonus
The Amazon Prime Rewards Visa Signature Card offers great rewards to shoppers who love Amazon and Whole Foods. You can get 5% cashback on all purchases at Amazon and Whole Foods, plus 2% at restaurants, gas stations, and pharmacies, and 1% cashback on all other eligible purchases. And the card comes with a unique welcome bonus: New cardholders earn a $100 Amazon gift card as soon as they’re approved for the card. Note, you must be an existing Amazon Prime customer to receive this card.
Best card for welcome offer bonus
Capital One Venture X Rewards Credit Card
On Capital One’s secure website
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Reward
Unlimited 2X miles on all eligible purchases and 5X miles on flights and 10X miles on hotels and rental cars when booked through the Capital One Travel portal
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Welcome Bonus
Earn 75,000 bonus miles when you spend $4,000 on purchases within the first 3 months of account opening
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Annual fee
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Introductory APR
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Regular APR
18.49% – 25.49% Variable APR
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Balance transfer fee
3% for promotional APR; no balance transferred under regular APR
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Foreign transaction fees
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Credit needed
Advantages
- Big welcome bonus
- No foreign transaction fees
- Statement credits up to $100 for Global Entry or TSA PreCheck®
- Access to over 1,300 Priority Card lounges, as well as Capital One lounges
Defect
- High annual fee
- No 0% Referral APR Period
The Capital One Venture X Rewards credit card is a premium credit card from Capital One. New cardholders can now earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months of account opening. When redeemed through Capital One travel, these miles are worth $750. However, if you decide to transfer points to any of Capital One’s travel partners, you could get a lot of value. more for them.
Best card for travel rewards
Platinum Card® from American Express
On American Express secure site
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Reward
Earn 5X Membership Rewards® points on flights booked directly with the airline or with American Express Travel up to $500,000 on these purchases each calendar year, 5X Membership Rewards points on prepaid bookings with American Express Travel, 1X points on all other eligible purchases
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Welcome Bonus
Earn 100,000 Membership Rewards® points after spending $6,000 within six months of becoming a card member. Apply and choose your preferred Metal Card design: Classic Platinum® Card, Platinum x Kehinde Wiley or Platinum x Julie Mehretu.
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Annual fee
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Introductory APR
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Regular APR
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Balance transfer fee
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Foreign transaction fees
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Credit needed
Advantages
- Up to $200 annual airline fee credit
- Up to $200 annual savings on Uber
- Get $200 back in statement credits each year when you book a Prepaid Fine Hotels + Resorts® or The Hotel Collection, two-night minimum stay, through American Express Travel when you pay with your Platinum® Card .
- $240 Digital Entertainment Credit: Get up to $20 back per month on qualifying purchases made with your Platinum® Card on one or more of the following services: Audible, Disney+, The Disney Bundle , ESPN+, Hulu, Peacock, SiriusXM and The New York Times (subscription required)
- $155 Walmart + Credit: Cover the cost of your Walmart membership + $12.95 monthly with a statement credit after you pay Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax. Plus Ups are excluded.
Defect
- $695 annual fee
- No special financial incentives for new purchases
Wells Fargo Reflect℠ Card
On the Wells Fargo secure site
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Reward
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Welcome Bonus
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Annual fee
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Introductory APR
0% intro APR for 18 months from account opening on qualifying purchases and balance transfers. Renew referral APR up to 3 months with on-time minimum payments during referral and renewal periods. 14.49% to 26.49% APR change thereafter; Balance transfers made within 120 days are eligible for referral rate
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Regular APR
14.49% to 26.49% APR change on purchases and balance transfers
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Balance transfer fee
3% referral fee (minimum $5) for 120 days from account opening, then up to 5% (minimum $5)
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Foreign transaction fees
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Credit needed
Advantages
- No annual fee
- Up to 21 months long introductory APR on qualifying purchases and balance transfers
- 3% balance transfer fee (minimum $5) for the first 120 days
- Access Visa Signature’s Special Support Service
- Get cell phone protection up to $600
- Access Wells Fargo Deals for cashback as a credit statement on shopping, dining
Defect
- No reward
- No welcome bonus
- 3% fee for foreign transactions
The Wells Fargo Reflect Card was recently launched and is a good option for consumers who want to avoid paying interest fees on their purchases. With the Reflect Card, cardholders enjoy 0% introductory APR on purchases and qualifying balance transfers for the first 18 months from account opening and then renewable for up to three months (up to 21 months in total). month) with on-time minimum payments in intro and extension. After the introductory period, interest rates are 14.49% to 26.49% APR subject to change on purchases and balance transfers.
Shopping benefits to consider when selling Amazon Black Friday
As you consider which card to use for Amazon purchases, keep a few strategies in mind to help you save on shopping.
Shopping portal
A shopping portal is a service offered by Amazon affiliates to bring in more customers through special offers, usually through cashback, points, or miles. All you need to do to earn extra rewards is visit the Amazon website via a special link.
Benefits of credit card shopping
Unfortunately, there are cases where Amazon packages get damaged or they get stolen on your doorstep. In these cases, having a credit card with shopping protections can help consumers find lost or damaged gifts. These benefits include purchase protection, return protection, and extended warranties.
However, for the coverage to take effect, the purchase must be made with a credit card that offers the benefits. Check with your credit card provider to see what protections your card offers. A few examples of credit cards with these benefits are Amex Platinum, Chase Sapphire Reserve®, and Chase Freedom Unlimited®.
Amazon Prime Student
If you’re currently enrolled in college courses, don’t forget that you may be eligible for a discounted Amazon Prime membership. Prime includes free shipping (sometimes as fast as same-day delivery), access to Prime videos and music, and exclusive Amazon Prime deals. Amazon Prime is $12.99 per month or $119 per year, plus tax, but if you subscribe to Amazon Prime Student, it’s just $59/year, plus tax.
BNPL with Amazon
If you want some flexibility in paying off your holiday shopping, Amazon offers Buy now, pay later through Affirm. Launching in late August 2021, consumers can spread their payments over 3 to 48 months on orders over $50. While there are no hidden fees or late fees when using Affirm, you may be charged up to 30% interest when financing purchases. Make sure you understand the terms before signing up.
Affirm can be helpful for some customers, but remember to consider the potential negative impact it can have on your credit score. And if you’re in need of flexible financing for your holiday shopping, consider the 0% introductory APR credit card.
Key point
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For Platinum Card prices and fees from American Express, click here.
Information about the Amazon Prime Rewards Visa Signature Card has been independently collected by Select and has not been reviewed or made available by the issuer prior to publication; if you buy something through Select Affiliate for Amazon products, we may earn a commission.
Editing notes: The opinions, analysis, evaluation or recommendations presented in this article are the sole opinions of the Select editor and have not been reviewed, approved or endorsed by any third party.
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