Sojourner
Thinks s/he gets paid by the post
- Joined
- Jan 8, 2012
- Messages
- 2,617
You only have to sign up once, yet get rewards every year. There is no annual fee. Why are you comparing with a 2% card and looking at one year?
I'm comparing the AMZN Prime card with my Citi DoubleCash 2% card because what I'm interested in is the additional cash back I'd get from using the AMZN card. And with my household Amazon spending in the $2,000/year range, the extra cash back I'd get is only about $60/year. I know it's a "set it and forget it" system with no annual fees, but still, it's quite a small amount of money in the grand scheme of things. I typically only sign up for cards that give much higher cash rewards/bonuses. Obviously, I do realize that it's an ongoing cash back situation, so looking at only one year isn't valid. But still... I would barely have even gotten $200 in additional cash back by the year 2024 if I sign up and start using it this month!
Are you including the annual Amazon Prime fee in your calculations? The Prime fee is to cover free fast shipping, prime video, a few other perks - it's not a credit card annual fee.
Not exactly sure what you mean. I realize the Prime fee is for Prime services like free shipping, etc., and is not the Prime credit card annual fee. The Prime subscription AF doesn't figure into my calculations, since it's a sunk cost.
Considering you've probably spent more effort thinking about it and posting and discussing your quandary here than it takes to sign up for the card, I'm not sure what your "is it worth bothering" level is.
Fair point, although I was mostly using this specific "quandary" scenario to ask how others determine whether or not a rewards CC is worth getting. You seem to be in the "totally worth it" camp when it comes to the Prime CC, so let me ask you this. If you already had a card giving 2% cash back on all purchases (like the Citi DoubleCash), would you sign up for and use the Amazon Prime card if, instead of 5% cash back, it gave only 2.5% cash back? If you spent $3,000/year at Amazon, that 2.5% would net you an additional $15/year over the Citi CC. What amount of cash back is too low, in your opinion, to be worth getting and using a new CC? That's what I'm really asking in this thread.