Updated Summary: Amazon Prime Rewards Visa Signature Card (March 2026)
Important Upcoming Change
- On August 14, 2026, the issuer of this specific Amazon Prime card will switch from American Express to U.S. Bank.
- Existing cardholders should have already received an email about this transition.
- Mixed impact:
- Positive for people who are Amex-shutdown or at their 5-credit-card limit with Amex.
- Potentially negative for future approvals, as U.S. Bank is generally stricter than Amex.
Current Card Benefits (as of now)
- Welcome Bonus: $125 Amazon Gift Card upon approval ($100 if you’re not a Prime member). This is a one-time lifetime bonus.
- Rewards:
- 5% back at Amazon.com, Whole Foods, Amazon Business, and AWS (with Prime membership)
- 3% back at those places (without Prime)
- 2% back at restaurants and gas stations (1% without Prime)
- 1% back on everything else
- Spending Cap: 5%/3% rate only applies to the first $120,000 in purchases per calendar year. After that, it drops to 1%.
- No annual fee (but you need an active Prime membership to get the top tier rewards).
- No foreign transaction fees.
- You can choose 90 days interest-free financing on eligible Amazon/Whole Foods purchases instead of earning the 5% back.
Limitations:
- Amex only allows one of this card per person.
- You must use the card linked to your own Amazon account to earn the 5% rate.
Who This Card Is Good For
Best for heavy Amazon + Whole Foods shoppers who already pay for Prime membership. The 5% back can add up quickly, but the $120k annual cap is relatively high for most people.
Recommendation
- Apply only when the bonus is at its highest (currently $125 for Prime members).
- Amex is generally more forgiving on approvals compared to U.S. Bank after the switch.
Would you like me to compare this card with the Chase version of the Amazon Prime Visa (which is currently more popular), check current best offers, or help evaluate whether it makes sense for your spending? Just let me know!