A Comprehensive Guide to the Amazon.ca Rewards Mastercard Credit Card
The Amazon.ca Rewards Mastercard Credit Card offers a range of benefits to those who shop frequently on Amazon.ca or other eligible purchases.
Whether you’re a frequent online shopper or looking to maximize rewards with your everyday spending, this card could be a valuable addition to your wallet.
In this guide, we’ll take a closer look at the card’s features, benefits, eligibility requirements, and some tips on how to make the most of it.
Key Features and Benefits of the Amazon.ca Rewards Mastercard
The Amazon.ca Rewards Mastercard Credit Card comes with several attractive features that make it stand out from other credit cards in the Canadian market. Here are the main benefits:
1. No Annual Fee
One of the most appealing aspects of this credit card is that it doesn’t have an annual fee.
You can earn rewards without the worry of paying a yearly fee, which is great for budget-conscious individuals or those looking to avoid additional expenses.
2. Rewards on Amazon Purchases
As a cardholder, you’ll earn 2.5% back in Amazon Rewards on eligible purchases made on Amazon.ca.
This means that for every dollar you spend on Amazon.ca, you’ll earn 2.5 cents in rewards.
For frequent Amazon shoppers, this reward rate is highly competitive and can quickly accumulate to substantial savings.
3. Rewards on Everyday Purchases
Aside from Amazon.ca purchases, the card also offers 1.5% back in rewards on foreign currency transactions, including those made while traveling abroad or shopping on international websites.
For all other eligible purchases made in Canada, you earn 1% back. This ensures that you are rewarded for your everyday spending, whether it’s groceries, gas, or dining out.
→ CLICK HERE TO REQUEST YOUR CREDIT CARD
Eligibility Requirements
Before applying for the Amazon.ca Rewards Mastercard, it’s important to know if you meet the eligibility criteria.
Here’s what you’ll need to qualify:
- Canadian Residency: The card is available to residents of Canada. You’ll need a valid Canadian address to apply.
- Age: You must be the age of majority in your province or territory of residence, which is 18 or 19, depending on where you live.
- Good Credit Score: While there’s no specific credit score required, applicants with a good to excellent credit score (usually above 660) are more likely to be approved.
- Income: The Amazon.ca Rewards Mastercard does not have a specific income requirement, making it accessible to a broad range of applicants.
How to Apply for the Amazon.ca Rewards Mastercard
Applying for the Amazon.ca Rewards Mastercard is a straightforward process that can be completed online through the Amazon.ca website.
Here’s a step-by-step guide to applying:
- Visit Amazon.ca: Navigate to the credit card section or search for the Amazon.ca Rewards Mastercard.
- Check Eligibility: Ensure that you meet the eligibility criteria before starting your application.
- Complete the Application Form: Fill in your personal information, including your name, address, employment details, and financial information.
- Submit Your Application: After submitting, you’ll receive an instant decision in most cases. If approved, you’ll be given a temporary limit to start using the card immediately.
- Receive Your Physical Card: If approved, your card will be mailed to your address within 7-10 business days.
Maximizing Your Rewards with the Amazon.ca Rewards Mastercard
Now that you know the benefits and features of the Amazon.ca Rewards Mastercard, here are a few tips on how to maximize your rewards:
1. Take Advantage of No Foreign Transaction Fees
If you frequently shop on international websites or travel abroad, use your Amazon.ca Rewards Mastercard to avoid foreign transaction fees.
This can save you up to 2.5% on each purchase, a fee typically charged by other credit cards.
2. Shop During Sales
Amazon frequently offers discounts and deals, especially during Prime Day, Black Friday, and Cyber Monday.
By using your Amazon.ca Rewards Mastercard during these events, you’ll not only save on the price of the products but also earn significant rewards on top of those savings.
3. Maximize Prime Member Benefits
If you’re an Amazon Prime member, make sure to use your card for all eligible purchases on Amazon.ca and Whole Foods Market.
The 2.5% reward rate will quickly add up, especially if you frequently buy groceries, household items, and electronics.
4. Use Rewards to Offset Large Purchases
If you’ve accumulated a substantial amount of Amazon Rewards, consider using them to offset the cost of larger purchases, such as electronics or home appliances.
This can help you reduce your out-of-pocket expenses significantly.
5. Track Your Spending and Rewards
Make use of the online dashboard provided by Amazon.ca or the card issuer to track your spending and rewards.
Keeping an eye on how much you’ve earned can help you strategize and maximize future rewards.
→ CLICK HERE TO REQUEST YOUR CREDIT CARD
Pros and Cons of the Amazon.ca Rewards Mastercard
Like any credit card, the Amazon.ca Rewards Mastercard has its strengths and weaknesses. Here’s a brief overview:
Pros:
- No Annual Fee: Enjoy rewards without the burden of paying an annual fee.
- High Rewards Rate for Amazon.ca Purchases: Ideal for frequent Amazon shoppers.
- No Foreign Transaction Fees: Perfect for international travel and shopping.
- Flexible Redemption Options: Use rewards directly on Amazon.ca with no minimum redemption requirement.
Cons:
- Limited Rewards Categories: While the rewards on Amazon.ca purchases are strong, the 1% back on other purchases is not as competitive as other cashback cards.
- Best for Prime Members: The 2.5% rewards rate is only available for Prime members, so non-Prime members won’t enjoy the same benefits.
Is the Amazon.ca Rewards Mastercard Right for You?
The Amazon.ca Rewards Mastercard Credit Card is an excellent choice for those who frequently shop on Amazon.ca or make international purchases.
The combination of no annual fee, competitive rewards rates, and no foreign transaction fees make it a solid option for both online and offline spending.
However, if you’re not an Amazon Prime member or if you’re looking for a higher rewards rate on everyday purchases outside of Amazon, there may be other cards that offer more value for your specific spending habits.
→ CLICK HERE TO REQUEST YOUR CREDIT CARD
Linda Carter is a writer and expert in finance and investments. With extensive experience helping individuals achieve financial stability and make informed decisions, Linda shares her knowledge on the Saude Dia platform. Her goal is to provide readers with practical advice and effective strategies to manage their finances and make smart investment choices.
