Amazon just announced an attractive upgrade to its existing rewards credit card though it’s for prime members only. The new Amazon prime rewards visa signature card in partnership with JP Morgan Chase will be offered exclusively to Amazon’s prime members granting them 5% back on all Amazon purchases as well as 2% back at restaurants, gas stations and drugstores and 1% back on every other purchase .
Currently, Amazon offers a rewards credit card to all account holders with 3% back on all Amazon.com purchases. Prime members with this card will be upgraded to the new card made with metal, like the popular chase sapphire reserve card and will start earning rewards immediately.
The card awards $1 back for every 100 points. Starting at 2,000 points, members can redeem the rewards for cash.
It is clear that there will be no expiration date as long as the account stays open and all points will be lost if a member closes the account linked to the rewards card.
Gloria is a young and passionate freelance author who enjoys writing about music and entertainment in general.