Rewards Visa Card Review

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Most rewards credit cards require you to reach a certain amount of rewards before you can make a redemption. The Rewards Visa let you redeem your rewards as you earn them without having to reach a minimum threshold.

Earning Rewards With the Rewards Visa Card

If you make a lot of purchases on, the Rewards Visa Card is definitely worth a look. It pays 3 points per dollar on purchases; 2 points per dollar at restaurants, gas stations, and drugstores; and 1 point on all other purchases. You can redeem points directly on purchases or create a account (Chase issues the Rewards Visa), and redeem for a statement credit, gift cards, or travel.

Redeeming your rewards toward purchases is simple and straightforward. You can take $1.00 off your purchase for every 100 points. So, if you've accumulated 1012 points, you can use $10.12 for an Amazon purchase. The points are automatically deducted from your total price when you check out.

Instant Sign up Bonus

If you're approved a $50 gift card will be loaded onto your card instantly. Most other rewards credit cards with signup bonuses require you to spend a certain amount on the card within the first 90 days before you can earn the signup bonus. Then, even after you reach the spending requirement, it can take another 6-8 weeks before the bonus is applied to your account. You can use the bonus instantly.

Pricing Details

There's no annual fee for the Rewards Visa Card. The APR for purchases and balance transfers will be 14.49% to 22.49% based on your creditworthiness. The APR varies based on the prime rate. You'll pay a $5 or 5% fee for balance transfers, but there's a chance your account may not be eligible for balance transfers. The cash advance and overdraft advance APR is 25.24%, also variable with the market. The cash advance fee is $10 or 5% of the advance, whichever is greater. Transactions made in a foreign currency will be charged a 3% fee.

If you're late on a payment you'll be charged $15 if the balance is less than $100; up to $27 if the balance is between $100 and $250; and $37 if the balance is greater than $250. Returned payments are charged a fee of $37. There's no fee for exceeding your credit limit.

What About the Amazon Prime Card?

If you're trying to choose between the Rewards Visa Card and the Amazon Prime Store Card, here's how the two cards stack against each other. Rewards Visa Amazon Prime Store Card
Can be used anywhere Can only be used on Amazon purchases
$50 instant gift card $10 instant gift card
3% back on Amazon purchases 5% back on Amazon purchases
APRs between 14.49% and 22.49% 25.99%
No special financing Opt for special financing on certain purchases
No Prime membership required Must pay $99 annually for Amazon Prime
No annual fee No annual fee

Amazon Prime members make a lot of purchases and always pay their balances in full may prefer the Amazon Prime Store Card. The Rewards Visa Card would make a better primary credit card since you can use it at more places and earn rewards on those purchases too.

Edited by LaToya Irby. Credit card terms and sign-up bonuses are subject to change from the time of this review. Refer to the application for current terms and conditions.