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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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2018 TPG Award Winner: Mid-Tier Card of the Year
Chase Sapphire Preferred® Card

NEW INCREASED OFFER: 60,000 Points

TPG'S BONUS VALUATION: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

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More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
18.24% - 25.24% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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