The Amazon.com Platinum Visa® Card, issued by Chase, is designed for those with very good credit who plan to take advantage of the reward program.

Through the reward program, one point is earned for every dollar spent on general purchases (equivalent to a 1% rebate) and three points are earned for every dollar spent on Amazon.com purchases (equivalent to a 3% rebate). Once the cardholder earns 2,500 points, a certificate valued at $25 will be automatically issued, which can be redeemed for purchases at Amazon.com. Cardholders will also receive 1,500 bonus points after their first purchase.

This card has no annual fee. There is a 0% introductory rate on purchases and balance transfers for the first six months, and the interest rate is reasonable after the introductory rate expires.

Those who plan to occasionally carry a large revolving balance may find doing so costly due to the "Two Cycles Average Daily Balance" method used by this credit card to determine finance charges, which ends up costing more to maintain an occasional balance as compared to the "Average Daily Balance" method used by many credit card issuers.

In addition to the reward program, the card also offers common platinum benefits provided by Chase that include up to $500,000 in travel accident insurance, auto rental insurance, and various travel and emergency assistance services.

Therefore, those who can afford to pay in full each month after the introductory rate expires (to avoid finance charges) and plan to frequently shop at Amazon.com (to earn the additional points) will benefit most from what the Amazon.com Platinum Visa® Card has to offer.

Updated: June 29, 2006

Most Attractive Feature(s) : Common platinum benefits; no annual fee; three points per dollar spent at Amazon.com; bonus points.

Least Attractive Feature(s) : Uses "Two Cycles Average Daily Balance" method when determining finance charges.

 
Please be sure to read the issuer's Terms and Conditions