Just in time for the holidays: Amazon Prime Visa offering $200 gift card welcome bonus

Both new and existing Prime Visa cardholders are in for an extra treat as they work their way through their holiday shopping list this year.

If you’re interested in signing up for this Amazon credit card, you’ll immediately earn a welcome bonus of a $200 Amazon gift card upon approval from now through Dec. 4, 2023. This is double the $100 Amazon gift card the Prime Visa typically offers new cardholders, so if you’ve been toying with the idea of getting this card, now’s the time to move.

Both new and existing cardholders can take advantage of a limited-time offer of 10% cash back on eligible gift purchases. The selection of eligible gift purchases spans multiple shopping categories, so you have a ton of choices to shop and save on.

On top of that, if you have an eligible Prime membership and either a Prime Visa or another eligible Prime card, you can now earn an extra 1% cash back on orders if you choose the No-Rush Shipping option at checkout. Since cardholders with an eligible Prime membership already earn 5% back on their Amazon purchases, this brings the total rewards potential to up to 6% cash back on your orders. This offer is valid from now through Dec. 28, 2023.

CNBC Select highlights what you need to know about the offer, details about the Amazon credit card and which purchases qualify for 10% back in rewards.

Now through Dec. 4, new Prime Visa applicants will receive a $200 Amazon gift card immediately upon approval with no minimum spending requirement. The gift card will be automatically loaded onto your Amazon account so you can use it immediately.

Prime Visa cardholders need to have an Amazon Prime account to qualify for the card, although you can still get an Amazon credit card without a Prime membership. However, non-Prime members will earn less cash back on their Amazon and Whole Foods purchases instead of the 5% enjoyed by Prime members.

Read more: How to get an Amazon Prime membership for free

But it doesn’t stop there. Cardholders can also take advantage of 10% back when purchasing items from a variety of categories, including Amazon devices, home, kitchen, electronics, furniture and more. For example, you can get 10% cash back on select Ring Video Doorbell Pro 2, Kindle e-readers, TVs and more. You can find all eligible products here but note that the 10% cash back deal expires at different times for different products.

Plus, Prime Visa and Amazon Visa cardholders can now take advantage of My Chase Plan®. My Chase Plan® is a digital feature from Chase that allows eligible cardholders to pay off a purchase (of at least $100) in fixed monthly installments over a period of time. You won’t be charged interest on the monthly amount and My Chase Plan can only be used on purchases of at least $100.

Amazon Visa and Prime Visa cardholders can now use this feature by selecting a recent transaction (remember, it needs to be at least $100) and choosing a repayment timeframe and monthly amount that works best for them.

If you haven’t already started thinking about holiday shopping, Amazon’s Prime Visa welcome offer might inspire you to sign up and start working your way through your list. And if the online retailer isn’t your cup of tea, don’t forget that there are plenty of 0% APR cards, travel cards, and rewards cards that help you make the most from every swipe.

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For rates and fees of the Platinum Card from American Express, click here.

Information about Amazon credit cards has been collected independently by Select and has not been reviewed or provided by the issuer prior to publication; if you purchase something through Select links, we may earn a commission.