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When Amazon announced it would be purchasing Whole Foods last summer, many wondered what benefits Amazon Prime members would see with the new partnership. The online retail giant lowered prices for many of the popular items that the grocery store sold and introduced free two-hour delivery for Prime members.
Amazon and Chase are announcing an exciting new benefit for the Amazon Prime Rewards Visa Card. Starting today, the Amazon Prime Card will earn up to 5% back on Whole Foods purchases. To get the 5% back, you must be an eligible Amazon Prime member, while non-Prime members will earn 3% back at Whole Foods.
The Amazon Rewards Visa Card will earn the following rewards:
- 5% back on Whole Foods Market purchases with an eligible Prime membership; otherwise 3% back
- 5% back at Amazon.com with an eligible Prime membership; otherwise 3% back
- 2% back at restaurants, gas stations and drugstores
- 1% back on all other purchases
Additionally, the card doesn’t carry an annual fee and doesn’t charge any foreign transaction fees.
Between 5% back at Amazon.com and 5% back at Whole Foods, the card has a strong value proposition. Just remember that you’ll have to be an Amazon Prime member to receive the full benefits, which costs $99 a year. The rewards are earned as “points” but can be redeemed for cash back, gift cards or Amazon credit all at a rate of 1 cent per point.
Only the Blue Cash Preferred® Card from American Express beats the card with 6% back at US supermarkets — although that’s capped at $6,000 a year; then 1% and comes with a $95 annual fee (See Rates & Fees).
The Amazon Rewards Visa Card, the non-Prime version of the card, will earn 3% back at Whole Foods and Amazon.com, 2% back at restaurants, gas stations, and drugstores and 1% back on everything else.
For rates and fees of the Blue Cash Preferred, please click here.
Featured Photo by Scott Olson/Getty Images
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