Amazon’s new credit card primed to disrupt retail

Amazon has changed how we shop. It brought online shopping to the masses. It gave us on-click purchasing, drones, Amazon Prime  and, more recently, Amazon Go.

 

Yesterday, Amazon announced its latest benefit for Amazon Prime members: an Amazon Prime credit card that offers 5% off every Amazon purchase, plus multiple other benefits.

The Card Benefits

  1. In addition to 5% off every Amazon purchase, the Amazon Prime Rewards Visa Signature Card is issued in partnership with J.P. Morgan Chase & Co. and also offers additional cash back benefits, including 2% back at restaurants, gas stations and drugstores and 1% back on every other purchase.
  2. The cost of the credit card is included in your Amazon Prime membership and therefore has no additional annual fee.
  3. The credit card waives all foreign transaction fees, which makes the card international travel friendly.
  4. Like several other leading credit cards, the credit card offers travel insurance, 24/7 concierge service and roadside assistance.
  5. The Amazon Prime credit card is made with metal like the American Express Centurion Card (and Chase Sapphire Reserve Card).
  6. The credit card also comes with a $70 Amazon gift card, which could pay most of your Amazon Prime annual membership fee.

To find out more read the original article here: Forbes

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