There's also the 'Amazon Rewards Visa Card' which offers 2% back at gas stations, drugstores and restaurants (all other purchases are 1% back).
So unless I'm mistaken, this just looks like it combines both benefits into one card.
I will add that typically this perk does NOT apply to foreign ATM cash withdrawals. Only to regular purchases made with the card. Taking out cash using a credit card is always an expensive proposition, doubly so abroad.
I use my regular ATM card to get cash. There's still a (relatively high) fee but it's still probably better than the currency exchange places and, at least in Western Europe, I don't need cash that often any longer.
Are you in the US? If so there's no reason to pay any fees.
Get a Fidelity Cash Management Account and/or a Charles Schwab Investor Checking Account. Both are free without any minimum balance requirements. Neither charge a currency conversion fee and both reimburse all ATM fees.
Personally, I use Fidelity. I couldn't be happier with their products (I also have an IRA and credit card with them) and service. I'm not affiliated, just a happy customer.
Schwab: all my ATM fees paid, 200 commission free ETFs, and target date mutual funds with an expense ratio of .13% if you dont want to balance a portfolio once a year. https://www.csimfunds.com/secure/file/P-9430864
Chase: 3-5% cash back on Amazon, 1-2% elsewhere, can take it as a statement credit.
I should mention that Fidelity does have a foreign transaction fee on DEBIT purchases, I don't know if Schwab does or not. But I don't use my debit card for debit purchases, just at ATMs, so that doesn't apply to me.
http://www.schwab.com/public/schwab/banking_lending/checking...
See footnote 6.
Been planning on trying it out the next time I go back to Canada as a way of transferring small amounts of money between Canada and the US for free.
Now this. I wish there was a way to upgrade (even forfeit $70 gift card promo bonus). Instead it seems difficult since the store card was Synchrony bank and the new Prime Rewards card uses Chase bank.
Now I have two Amazon cards. Looks like the store card will sit unused since the credit system we live in frowns upon closing credit lines, as I understand it.
Unless it's your oldest account it's not going to hurt your credit to close it. It will still age for 10 years under the FICO 8 algorithm.
I close cards right and left and my score isn't affected by it.
FICO 8 calculates "average age of accounts" as total months of all accounts on your credit report (both open and closed) from the open dates to the present, divided by the number of all accounts on your report. "Average age of accounts" is what they use in their scoring algorithm. They also factor in "age of oldest account" in their scoring algorithm which is why you shouldn't close your oldest account because it will drop off your credit report after 10 years. Closed accounts only stay on your credit report for 10 years.
FICO08 factors closed cards into your average account age, until they fall off 10 years from closing at which point they are obviously no longer included in the average.
Never close your oldest credit line if you can avoid it, because in 10 years that WILL hurt your credit history.
If you were loaning money to someone wouldn't you want them to have a history of paying back loans to others?
A closed credit line will drop off your report after 10 years after you closed it (or is it 10 years after open date? I don't know which!)
> Amazon says that it will upgrade current Rewards Visa Signature card members with eligible Prime memberships to the new card, but they’ll be able to take advantage of the benefits immediately — even before the card arrives