Chase and Amazon have announced an update of features on the Amazon Visa card portfolio, with an increased focus on earning cash back and redeeming daily rewards.
The credit cards, which have been updated in design and name, will now be called Prime Visa and Amazon Visa, the companies said in a statement.
Prime Visa and Amazon Visa cardmembers can now earn 5% back and 3% back, respectively, on purchases made through Chase Travel, Chase’s new travel booking platform. They can also now earn 2% back on local transit and commuting, including rideshare.
Additionally, daily rewards has been introduced meaning cardmembers can earn, view, and redeem rewards earned on their card daily, rather than monthly, as before. Prime Visa cardmembers will continue to earn uncapped 5% back on Amazon purchases while Amazon Visa cardmembers will receive 3% back on Amazon purchases.
“The addition of travel-based earn opportunities on the cards and ability to now redeem rewards points earned on purchases as soon as the next day means we’re providing even more value to our cardmembers, faster,” said William Mahoney, General Manager of Amazon Visa cards at Chase.
To celebrate the new benefits, for a limited time, new Prime Visa cardmembers will receive a $150 Amazon gift card and can earn 5% back on all purchases, up to $2,500, for three months after account opening.
New Amazon Visa cardmembers will receive a $60 Amazon gift card and can earn 3% back on all purchases, up to $1,500, for three months after account opening, the firms added.