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Are you using the best credit card when you shop at Amazon? - CNN Underscored

February 22, 2021. Summarized by summa-bot.

Compression ratio: 20.9%. 2 min read.

Earn extra cash back or travel rewards when you're shopping at Amazon, and protect your purchases from damage or theft by taking advantage of the right credit card.

Citi® Double Cash Card: Best for cash backChase Freedom Unlimited: Best for flexible rewardsBlue Cash Preferred® from American Express: Best for Amazon gift cardsAmazon Prime Rewards Visa Signature: Best for Amazon Prime membersAmerican Express® Gold Card: Best for purchase and return protectionCapital One® Venture® Rewards Credit Card: Best for simple travel rewardsAmazon Business Prime American Express Card: Best for businesses

If you want to keep just one credit card in your purse or wallet to earn cash back on everything you buy — including your purchases at Amazon — the Citi Double Cash Card is the way to go.

So despite earning great cash back on your purchase with the Citi Double Cash, if you’re buying something expensive, you might want to choose a card that has you covered in the event your item is broken, lost or you potentially want to return it after the merchant’s return policy has ended.

With this card, you’ll earn 1. 5% cash back on every purchase you make, including those at Amazon.

Related: Earn $200 in bonus cash back with this Chase Freedom Unlimited credit card offer.

If you’re comfortable taking this extra step, this method will earn you the most cash back possible at Amazon — even more than Amazon’s own credit card.

So while the Blue Cash Preferred can earn you the most cash back at Amazon via gift cards (and the Amex Gold mentioned below is another top contender for purchasing Amazon gift cards since it earns 4 points per dollar at U. S. supermarkets up to $25,000 in purchases per year and 1x thereafter), for items where you might want purchase protections — especially on electronics — you might be better off using a credit card directly versus buying a gift card to earn a few extra rewards.

Two credit card benefits that you’ll especially want to factor in are purchase protection and return protection.

So if you want to plan ahead for a future vacation by earning points you can redeem toward any travel purchase you make, the Capital One Venture Rewards card is one to consider.

The card offers a choice of either 5% cash back on US purchases at Amazon — including Amazon Business, AWS and Whole Foods Market — on the first $120,000 in purchases each calendar year (then 1% cash back thereafter), or an interest-free 90 days to pay for those purchases.

With so many credit cards available to maximize your Amazon purchases, you’re probably wondering which card is best for you.

If you want a card that offers straight cash back, your best bet is the Citi Double Cash, or the Amazon Prime Rewards Visa if you’re an Amazon Prime member.

But if your chief concern is protecting your purchase, regardless of the cash back or travel rewards earned, consider the American Express Gold card.

And if you’re willing to go the extra step of purchasing Amazon gift cards at U. S. supermarkets, then the Blue Cash Preferred or American Express Gold can earn you the most cash back or travel rewards.

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