Last Call: Get a $150 Gift Card Instantly With the Prime Visa

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The Prime Visa offers an instant $150 Amazon gift card upon approval until 6 p.m. EST on Oct. 31, 2023. Learn how to apply here. 

If you have an Amazon Prime membership, the Prime Visa is currently offering a $150 Amazon gift card instantly upon approval. After you apply and your application is approved, the gift card is loaded to your account.

It’s a valuable welcome offer from one of the top store credit cards. I have the card, and it’s what I use for all my Amazon spending. But you won’t be able to get that $150 gift card much longer. The offer will be removed on Oct. 31, 2023 at 6 p.m. EST. If you’re a Prime member, I’d highly recommend applying before then.

Apply now for the Prime Visa.

Why every Prime member should have the Prime Visa

It’s pretty rare that I consider a credit card a must-have. The right credit card usually depends on your lifestyle and spending habits. The Prime Visa is an exception. For shopping on Amazon, it’s the best credit card I’ve found, for a few reasons:

It earns an unlimited 5% cash back on Amazon.com. That’s the highest rate I’ve seen for Amazon spending. It also earns an unlimited 5% back on Amazon Fresh orders (online and in-stores), at Whole Foods Market, and on Chase Travel purchases.It has a $0 annual fee. You can add it to your wallet without paying anything.Cash back is easy to redeem and available quickly. You can redeem your cash back on Amazon.com as early as the next day. I always apply mine to my next Amazon order, but you can also redeem it for cash back, gift cards, or travel.

Let’s say you spend $300 per month ($3,600 per year) on Amazon. With the Prime Visa, you’d earn $180 in cash back per year. Plus, you can get that $150 Amazon gift card if you apply before the offer ends.

Apply now for the Prime Visa.

So even if you have other rewards credit cards you’re satisfied with, the Prime Visa is still probably worth getting. In my case, I use travel cards for most of my spending. But every time I shop on Amazon, I pay with my Prime Visa.

The Prime Visa could work well in a one-card wallet, too. It also earns 2% back at restaurants, gas stations, and on local transit and commuting. On other purchases, it earns 1%.

How to apply for the Prime Visa

The Prime Visa is aimed at Amazon shoppers with good credit. It’s recommended to have a FICO® Score of 670 or higher to apply. That doesn’t mean you’re out of luck if your credit score is lower than that. You could still be approved, but it’s less likely.

Apply now for the Prime Visa.

There’s one other important thing to know about when applying for the Prime Visa. Chase is the card issuer, and it’s known for denying applicants who have opened too many credit cards recently. Specifically, if you’ve opened five or more credit cards within the last 24 months, Chase will most likely deny your application. This unofficial guideline is known as Chase’s 5/24 rule.

If you’re a Prime member, you have good credit, and you’ve opened fewer than five credit cards in the last 24 months, then you can likely qualify for the Prime Visa. With its benefits, it’s well worth having. Since the $150 Amazon gift card offer ends on Oct. 31, 2023 at 6 p.m. EST, make sure to apply before then.

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We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Lyle Daly has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, JPMorgan Chase, Target, and Visa. The Motley Fool has a disclosure policy.

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