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Update: Some offers mentioned below are no longer available. View the current offers here – Chase Freedom Unlimited
If you’re an avid Amazon shopper, it should come as no surprise that the 2018’s Amazon Prime Day is here. For those not familiar, the event is essentially Black Friday for those with an Amazon Prime membership, with thousands of exclusive deals throughout the day. Even if you’re not currently an Amazon Prime member, you can sign up today for a free trial to take advantage of the sale. In addition, Prime Student allows college students to receive a free six-month trial membership.
The sale officially began at 3:00pm ET on Monday, with new deals starting as often as every five minutes. And while the discounts are exciting in and of themselves, there are also ways to maximize your return on Amazon spending during this one-day sale. Check out this post for a deeper dive into the best cards for Amazon purchases — not only on Prime Day, but every day of the year. But, for a quick hit on this sale day, here are some of the best credit cards to use for your purchases (in no particular order):
Amazon Prime Rewards Visa Signature
As the name might suggest, the Amazon Prime Rewards Visa Signature Card is a good option for your Prime Day purchases. Upon approval, you’ll get a $70 gift card automatically loaded into your Amazon.com account — so, theoretically, if you apply for the card today and are approved, you’ll have that $70 credit to use in time for the day’s sales. In addition to the gift card credit, you’ll earn 5% back on Amazon.com and Whole Foods Market purchases, 2% back at restaurants, gas stations and drugstores and 1% back on all other purchases. The points you earn from spending can then be used directly on purchases — 100 points equal a dollar when redeemed on Amazon.com.
By using this card for your Prime Day purchases, you’ll earn 5% back — a pretty solid return. The card charges no annual fee, but you must be a Prime member in order to be eligible; membership costs $119 for 12 months.
By earning 2% back on every purchase, the Citi® Double Cash Card is a solid option for maximizing your Prime Day purchases. The earning breaks down as a flat 1% back on every purchase plus another 1% back when you pay your bill. One real highlight of the card is its Price Rewind benefit, which tracks the prices of items purchased and automatically refunds you the difference. While that benefit might not be the most useful on Prime Day specifically, it’s useful throughout the year. There’s no annual fee with this card.
Chase Freedom Unlimited
If you’re interested in earning cash back (or Ultimate Rewards points), the Chase Freedom Unlimited could be a good option for your Prime Day purchases. The card will earn you 1.5% cash back on every purchase with no limit, which equals 1.5 Ultimate Rewards points per dollar — a 3.15% return based on TPG’s valuations.
The card currently comes with a sign-up bonus of $150 (or 15,000 UR points) after you spend $500 in the first three months of account opening. You’ll also earn a $25 (2,500 UR points) bonus when you add your first authorized user and make a purchase within the same three-month period. There’s no annual fee with the card.
If you’re planning on grabbing any Amazon Prime Day deals, not only will you be saving money, but — provided you use the right card — you’ll also be maximizing the return on your purchase(s). Stay tuned to TPG throughout the day to stay up to date on all of the best Prime Day deals.
Featured image by Smith Collection/Gado / Getty Images.
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TPG'S BONUS VALUATION: $600
CARD HIGHLIGHTS: No annual fee + earn 1.5% cash back on all purchases after you meet the $20,000 cap
- New Offer! Double Cash Back: Earn 3% cash back on all purchases in your first year up to $20,000 spent. After that earn unlimited 1.5% cash back on all purchases.
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
- No minimum to redeem for cash back
- Cash Back rewards do not expire as long as your account is open
- Free credit score, updated weekly with Credit Journey℠
- No annual fee