There’s less than a week left to earn the Prime Visa’s highest welcome bonus — a $200 instant Amazon gift card upon account approval. If you’re gearing up for Black Friday and Cyber Monday deals, this could be an easy way to shave money off your Amazon haul.
It’s rare for a credit card to offer a welcome bonus that you don’t have to “earn” through charging a certain amount to the card. It’s also the highest welcome bonus the Prime Visa’s offers, and I don’t expect it to stick around for long.
I’ve had my Prime Visa card for three years, and it comes in handy when I need last-minute gifts or holiday party supplies. It earns 5% back on all purchases at Amazon and helps me save money on my Thanksgiving food haul at Whole Foods.
How long does it take to get the Prime Visa’s $200 Amazon gift card bonus?
Most cards require you to spend a certain amount in the first few months of account ownership to “earn” a bonus, but the Prime Visa card will send you a $200 Amazon gift card that you can use instantly upon account approval. You don’t have to wait for your Prime Visa card to come in the mail to use it either — it’s automatically added to your Amazon Prime account when you’re approved for this card.
The Prime Visa’s Black Friday benefits
Amazon’s flagship card is a great all-around rewards card, since it offers 5% back on travel booked through Chase and 2% back at gas stations, restaurants and rideshare services. You can also earn 10% back or more on select Amazon items.
Checking out on Amazon is certainly convenient, but I also like to shop small. You can do both by shopping through Amazon’s small business shopping hub. It’s not the smoothest shopping experience, but it’s worked well for me in a pinch.
Read more: Don’t Let a Delayed Flight Ruin Your Holiday. How a Credit Card Can Help
Should you use the Prime Visa this Black Friday?
The Prime Visa card makes sense only if you’re a Prime member. While the card doesn’t technically have an annual fee, you’ll need to maintain an annual Prime membership, which costs $139.
If you’re not a Prime member, you could check out the card’s younger sibling, the Amazon Visa, which earns 3% back at Amazon. It’s not as rewarding but has no annual fee and comes with a $60 gift card upon approval.
Don’t shop Amazon often enough to justify either card? No problem. CNET Money credit card editor, Evan Zimmer, recommends the Blue Cash Preferred® Card from American Express for groceries and gas and the Wells Fargo Active Cash® Card* for just about everything else.
For rates and fees of the Blue Cash Preferred Card from American Express, click here.
*Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.
*All information about the Wells Fargo Active Cash card has been collected independently by CNET and has not been reviewed by the issuer.
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