Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 08-18-2017, 02:15 PM   #1
Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 3,970

We have both and had decided to use the STORE card because the rewards are immediate each month (no need to wait for some minimum value to redeem as I believe the VISA requires). Today I got the STORE card statement and there were 2 mini-charges and one for $200. Rewards were 5% for the mini-charges
but nothing for the $200.

After some calling around the conclusion was that the $200 was for some golf shop DW bought stuff from which was using AMZN only to handle the payments. In fact the other charges are called AMZN RETAIL and AMZN MARKETPLACE but the big charge is called AMZN PAYMENTS for which there are 0 rewards because it wasn't bought from AMZN (STORE card).

I assume if the golf shop had accepted the AMZN VISA under the AMZN PAYMENTS umbrella, we would at least have gotten 1%? Now I am rethinking the VISA vs STORE card situation. I guess waiting a bit to get to some minimum rewards level is more acceptable and earning at least 1% w/ the VISA is better than not earning anything because of this AMZN PAYMENTS DEAL w/ the STORE card. For AMZN purchases, both earn 5%.

Your conclusion about which to use might be different but am I understanding things correctly?

kaneohe is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-18-2017, 02:54 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 24,688
Yes, if you are using Amazon payments through retailers other than Amazon, you won't qualify for the 5% credit.

We prefer the 5% Amazon Store card because of the instant rebates rather than the points towards future Amazon purchases offered by the Chase Amazon VISA, but we only use it on Amazon. We generally use a different card, like the 2% Fidelity card, go online purchases from other retailers.

Retired since summer 1999.
audreyh1 is offline   Reply With Quote
Old 08-19-2017, 09:49 AM   #3
Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 3,970
audreyh1.........thanks for confirming my new found knowledge. AMZN customer service was quite reasonable. After they admitted that it kind of looks like you are going thru AMZN (log in/payment method), they gave a courtesy credit which, although it wasn't 5% of purchase, was better (slightly) than if I had used the Fidelity card.
kaneohe is offline   Reply With Quote
Old 08-19-2017, 02:04 PM   #4
Thinks s/he gets paid by the post
Senator's Avatar
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
I have both. I use the Amazon Visa Card. You can use the credits every month.
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is offline   Reply With Quote
Old 08-19-2017, 03:07 PM   #5
Moderator Emeritus
W2R's Avatar
Join Date: Jan 2007
Location: New Orleans
Posts: 43,295
I have the Amazon Visa card, and I shop a lot at Amazon so it is my default card and I use my rewards there as soon as they appear. I don't keep very close track of them any more. Today I was THRILLED to discover that I got $44.67 off my Amazon Pantry box by using rewards. Happy Days are Here Again.. The more I spend, the more rewards I get. I feel like Pavlov's dog.

I like my Amazon Visa because it is my only credit card and I can use it for gas or other purchases too. I don't think I could do that with the Amazon Store card.
"Never let the future disturb you. You will meet it, if you have to, with the same weapons of reason which today arm you against the present."
- - Marcus Aurelius
W2R is online now   Reply With Quote
Old 08-19-2017, 03:11 PM   #6
Recycles dryer sheets
AlbaCrush's Avatar
Join Date: Apr 2016
Location: Germantown
Posts: 94
I have the Chase Amazon VISA and only use it on Amazon for 5%. I liked the $70 instant credit I received as soon as I applied.
AlbaCrush is offline   Reply With Quote
Old 08-19-2017, 03:15 PM   #7
Full time employment: Posting here.
RetiredGypsy's Avatar
Join Date: Mar 2008
Posts: 979
I've found the Amazon Visa card to be more worthwhile, because I can use that cash back however I see fit. It makes more sense to purchase items on Amazon with the card not using the reward points, so that the full purchase price earns more reward points. Then I can turn around and use that 5% back as a statement credit, or transfer cash to my checking account. Yeah, you need $20.00 (2,000 points) to do it, but I shop at Amazon enough that I hit that several times a year.
I'm free and I like it!
RetiredGypsy is offline   Reply With Quote
Old 08-19-2017, 07:11 PM   #8
Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 3,970
OP here.....just to make sure I understand the AMZN Prime store card.......
if I start with the AMZN site, I will always end up buying from AMZN or the AMZN marketplace, both of which get 5% on the AMZN Prime store card?
Only if I start with another site which leads to AMZN payments will I not get the 5%?

If so, then like audrey, I would conclude that (as long as I can avoid the dumb thing we did), that the AMZN Prime store card has the immediate benefit of giving you 5% each month. The AMZN Prime VISA gives you 5% rewards but they are not realized until you use them. If you use them as a credit against a purchase you reduce your effective reward .e.g. if your reward is enough to get you the item free, you get no rewards on that purchase. As several have said you only get the full value of the VISA if you use the rewards as a statement credit (or get cash) which may have some delay since you need to meet a $20? minimum.

edit to add: if I have a GC or that $70 bribe I took for getting the AMZN VISA, I have been using that as credit against the purchase. Could I also have used that as a statement credit?
kaneohe is offline   Reply With Quote
Old 11-15-2017, 10:50 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
Join Date: Jun 2007
Posts: 9,184
I just got an email that Amazon changed the default behavior of the store card, to make it be used for purchases rather than a credit on my balance. As noted above, this means you don't get the 5% back on the purchase made with the rewards. You can login and switch it back to the other way, which I did.

I do need to pay more attention to whether I'm buying from Amazon or another reseller, and use a different CC in the latter case.

RunningBum is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
AMZN strikes again, with Sears Kenmore deal kgtest FIRE and Money 12 07-21-2017 01:13 PM store credit card (5% rewards) kaneohe FIRE and Money 54 02-24-2016 03:38 PM
I just don't get AMZN Htown Harry Stock Picking and Market Strategy 32 02-10-2016 12:08 AM Store Credit Card bUU Other topics 1 11-22-2015 11:13 AM
Pre Paid Credit Card/ Gas Card or Credit Card nphx Other topics 4 04-29-2008 01:04 PM

» Quick Links

All times are GMT -6. The time now is 11:48 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.