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The Best Credit Cards for Amazon Prime Day

Amazon Prime Day has seemingly overtaken Black Friday and Cyber Monday as one of the biggest sales days of the year. Amazon Prime Day 2020 has gotten so big that it now stretches over two days – for 2020, those dates are October 13th and October 14th. To get any of the savings with Amazon Prime Day, you must be an Amazon Prime member. Thankfully

What is Prime Day – a history of Amazon Prime Day

Amazon Prime Day was first created in 2015 —  it celebrated Amazon’s 20th anniversary and has gotten bigger every year. Over the years, Amazon has sometimes struggled with keeping up the infrastructure in place to handle the tremendous load that they get during the Prime Day event. Nevertheless, Prime Day 2019 was by all measures a success — Amazon reported selling over 175 million items during Prime Day 2019.

How to find Prime Day deals

Amazon Prime Day deals come in a variety of different formats. Some deals are advertised heavily on the front page or deals page of Amazon.com and are good for the duration of Prime Day. Other deals have a much more limited quantity or are only available at certain times. It’s a tradeoff of how much time you want to spend looking for deals compared to how much you want to save. To find Amazon Prime Day deals, you can visit Amazon’s Prime Day page or visit various deal sites.

What Credit Card should you use for Amazon Prime Day?

Shopping for Amazon Amazon Prime Day tracks as shopping on Amazon in general. Most credit cards do not have a specific reward category for Amazon, and it generally counts as online shopping. So on Prime Day, you will want to use a card that gets a bonus for online shopping, or one that offers good rewards on all purchases.

Another option would be to put the spending on a card whose signup bonus offer you are working on meeting. The return you get for spending towards a signup bonus can be 10 to 15 points per dollar or even more. One thing to keep in mind is that in most cases if you apply for a card today, it will be a week or more before you actually get the card. There are only a few credit cards that allow instant access to your credit card information when you apply.

Having said that, here are a few cards that you might want to consider for shopping on Amazon during Prime Day.

Amazon Rewards Visa Signature Card

Starting off the list is the Amazon Rewards Visa Signature card. The Amazon Rewards Visa Signature card offers 3% back at Amazon and Whole Foods, 2% at restaurants, gas stations and drugstores, and 1% on all other purchases. You’ll also get a $50 Amazon credit loaded to your Amazon account immediately upon approval. That might be a good way to get a little bit of savings during Prime Day.

Chase Freedom Unlimited

The Chase Freedom Unlimited is a good card for everyday purchases, as it gives a flat 1.5 Ultimate Rewards back on all purchases. If the Freedom Unlimited is your only Ultimate Rewards card, those Ultimate Rewards are worth 1 cent each. That means you’re getting 1.5% back on your purchases. But if you have a premium Chase card such as the Sapphire Reserve or Ink Preferred, you can combine your Chase accounts and get up to 50% more value from your Ultimate Rewards points.

The Freedom Unlimited currently comes with a welcome offer of 20,000 Ultimate Rewards ($200) after you spend $500 on purchases in the first 3 months. You’ll also get 5 Ultimate Rewards per dollar spent (5% back) on grocery store purchases (excluding Target and Walmart) for the first year you have the card, up to a maximum of $12,000 spent.

Bank of America Cash Rewards

The Bank of America Cash Rewards card has a welcome bonus of $200 after making at least $1,000 in purchases in the first 90 days of having the card. The Cash Rewards card offers 3% back on a category of your choice, and online shopping is one of the available choices. You also get 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases. If you’re a Bank of America Preferred Rewards member, you can get an additional 25% to 75% more rewards on every purchase.

American Express Gold Card

If you’re making a large purchase on Prime Day, the American Express Gold Card may be a good option. The Gold Card is one of the best cards for purchase protection, offering purchase protection on up to $10,000 of purchases. The Gold Card also offers 4 Membership Rewards points per dollar spent on restaurants worldwide & US supermarkets, 3 Membership Rewards points on flights booked with amextravel.com and 1 point on all other purchases. Currently you can get a welcome bonus of 60,000 Membership Rewards after spending $4,000 in the first 90 days of having the card. It does come with a $250 annual fee, but also offers a $100 airline incidental fee credit and $120 in annual dining credits.

Hopefully, these suggestions will help you to maximize the rewards that you get while shopping at Amazon Prime Day 2020.

The post The Best Credit Cards for Amazon Prime Day appeared first on MintLife Blog.

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