The Chase Amazon Rewards Visa was my first credit card, and it helped me to build a solid credit history while cashing in on a few perks!
The application was process was relatively easy. I filled out an online application with some basic information (social security number, annual income, current address etc.) and received a decision within sixty seconds. (It's not always the case. Some people get the 7-10 day message before getting approved).
The Chase Amazon Rewards Visa card arrived in the mail in less than one week. On the back of the card was a number I had to call in order to activate the card. Not surprisingly, I ended up reaching an Indian call center (thanks to NAFTA), but the CSR was courteous and efficient. The fact that Chase offers 24/7 customer service is a perk.
I took care of a few basics such as choosing a payment due date and setting up automatic payments. After that, I was ready to being using the Chase Amazon Rewards Visa card.
Amazon Rewards Structure
Similar to other credit cards on the market, the Chase Amazon Rewards visa gives you 1 point for every dollar you spend.
However, one perk is that Chase rewards 3 points for every 1 dollar you spend on Amazon.com. I try to make at least one Amazon purchase per month to keep Chase and Amazon happy.
Chase also offers 2 rewards points for "eligible" gas, drug store, and dining purchases. This part is a big ambiguous because I have no way of knowing which drug stores or restaurants are eligible.
At 2,500, there is the option to redeem for a $25 Amazon gift card. At 5,000 or 10,000 points, you can redeem from a choice of gift certificates, travel/hotel certificates, statement credits, or cash. I go for simple and redeem for cash.
Overall, I've been satisfied with my Chase Amazon Rewards Visa card. It has a solid rewards structure that has given me incentive to use the card responsibly. This card is great for consumers who like to pay in full every month. And the 3 points for Amazon purchases are certainly a perk!
The 24-7Â telephone customer service is also valuable. This gives the Chase Amazon Rewards Visa an added advantage over debit cards. It is much easier to have suspect or fraudulent charges removed on this card than with a debit.
I wouldn't say that Chase is particularly generous with credit line increases, but they are at least reasonable. Chase will typically review your account every few months, and sometimes they may surprise you with an automatic CLI!
I don't have too many negative things to say about the Chase Amazon Rewards Visa, though I've had some negative experiences with Amazon.com itself because of the varying competence of UPS servicemen. UPS service varies in different neighborhoods, and I happen to live in an area with sub-standard service, so much so that I've had to cancel Amazon orders because of UPS mishaps.
And Amazon does not allow you to choose your carrier. Even they don't have control of that at their end.
Another inconvenience is the fact that online payment system takes several days to post balances and payments. One weekend, I had paid my balance in full on a Friday but found my card declined the following Sunday because the payment hadn't credited to my account yet. Still, if I can allow several days room for error, these things shouldn't happen too often.
Also, I would recommend paying your balance well before the due date, because the automatic payment system can sometimes glitch, leading to disastrous consequences in the form of late penalties and APR hikes.
Pay your balance in full, pay your balance early, and you'll probably be able to enjoy this solid rewards card without any complications.