The Amazon Prime Credit Card Now Earns 5% Back at Whole Foods
Amazon completed their acquisition of Whole Foods last year, and we've already started seeing (positive) changes at stores nationwide, like discounted everyday items. Prime members have seen the bulk of the savings at stores, like $19.99 for a dozen roses on Valentine's Day. Now, Chase's Amazon Prime Credit Card will be rewarding cardholders beyond Amazon.com with 5% back on all purchases at Whole Foods.
Currently, the Chase Amazon Prime Credit Card earns 5% back at Amazon.com if you're a Prime member (3% cash back if you're not), as well as 2% cash back at restaurants, gas stations, and drug stores. Now, the card will earn 5% back at Whole Foods as well (3% if you're a regular Amazon member). Rewards are in the form of credits to be used on Amazon purchases (this isn't technically a cash back card).
This card compares well to other cards that reward you for grocery store purchases. While one card, the Blue Cash Preferred card, offers 6% cash back on grocery purchases, that card has an annual fee of $95, wiping away a large amount of your savings (you break even after $1583 in spending), and you're capped at $6,000 in purchases a year. After that, you're back down to 1% cash back.
If you're a regular Amazon shopper, this card is a no-brainer. There's no annual fee, no cap on rewards, and no foreign transaction fees.
If you do apply for the card, link the card with Uber Offers, which will earn you a further 1%-5% back in the form of Uber credits, furthering your savings.
I believe that if you're in the market for this card, you should absolutely be a Prime member as well. There is an added benefit coming down the line this year at Whole Foods, with free two-hour Prime delivery being tested in four cities at the moment.
If you're not a Whole Foods shopper, but want to save on your grocery bill, consider our list of best credit cards for groceries.