Prime Visa elevated welcome offer: Earn an instant $200 Amazon gift card

Editor’s note: This is a recurring post, regularly updated with new information and offers.

If you order pretty much everything from Amazon, you may consider joining the ranks of TPGers who have the Prime Visa (see rates and fees).

The Prime Visa is Amazon’s flagship credit card from Chase, beloved by TPG staffers and readers alike thanks to its unmatched cash-back earnings on Amazon purchases.

The Prime Visa has no annual fee, but it does require cardholders to have an active Prime membership, which costs $14.99 per month or $139 per year.

For a limited time, the Prime Visa is offering an elevated welcome bonus: an instant $200 Amazon gift card upon approval.

Let’s examine why this card is worth adding to your wallet.

Prime Visa welcome offer

Right now, new Prime Visa applicants will receive an instant $200 Amazon gift card upon approval.

This is an excellent welcome offer for the Prime Visa, and it’s made even better because it’s delivered instantly upon approval — no spending is required. This gift card can be especially useful for last-minute presents or to help offset the rising cost of products.

The usual offer on the card is an instant $150 gift card upon approval, but we have also seen the $200 gift card welcome offer over the years.

Should you get the Prime Visa?

The Prime Visa is one of the best cards for Amazon and Whole Foods purchases, but it also has ongoing perks that can make this card a great addition to your wallet.

The Prime Visa has many generous unlimited bonus-earning categories:

• 5% cash back on Amazon.com, Amazon Fresh and Whole Foods purchases
• 5% cash back on travel booked through Chase Travel℠
• 2% cash back on gas and local transit and commuting (including ride-hailing services)
• 2% cash back at restaurants (takeout and delivery included)
• 1% cash back on all other purchases

Rewards are earned as points, which can be redeemed for cash back, Amazon purchases, gift cards or travel booked through the Chase Travel portal.

Prime Visa cardholders can redeem the rewards they earned as soon as the next day. For instance, if you spend $1,000 at Amazon, the 5% cash back would equate to $50 earned.

Prime Visa cardholders also receive 10% cash back on a rotating selection of items and categories.

Additionally, the Prime Visa card comes with various purchase and travel protections, including:

• Auto rental coverage
• Baggage delay insurance
• Extended warranty protection
• Lost luggage reimbursement
• Purchase protection
• Roadside assistance
• Travel accident insurance
• Travel and emergency assistance

It’s important to note that you must be under Chase’s 5/24 rule to be eligible to apply for this card. You may want to wait before applying for this card if you’re nearing the 5/24 limit and are interested in other Chase cards that may offer more cash back in other categories or earn a transferable currency.

Furthermore, if you don’t shop at Amazon frequently or don’t have a Prime membership (which is required), this card may not be best suited for you.

Bottom line

The Prime Visa is an excellent no-annual-fee card that offers an unrivaled 5% cash back on Amazon and Whole Foods purchases. However, if you are over Chase’s 5/24 rule, you won’t be eligible and should consider alternative card options.

If you have a Prime membership and shop at Amazon frequently, the Prime Visa is a no-brainer to have in your wallet. The instant $200 gift card makes applying for the Prime Visa even more appealing.

To learn more about the card, read our full review of the Prime Visa.

Apply here: Prime Visa