Amazon Store Card no longer automatically redeems 5% Cash Back

If you regularly shop on Amazon, it’s a good idea to have and use either the Amazon Store Card or Amazon Visa for all of your purchases because they earn you 5% cash back if you’re a Prime member and 3% cash back otherwise. One advantage of the Amazon Store Card over the Visa is that it automatically applied the cash back you earn to your statement as credit, whereas the Amazon Visa requires you to periodically go in and manually redeem the earned rewards. Unfortunately, the Amazon Store Card has recently enacted a change where all accounts will now accumulate a reward balance instead of automatically applying the earned cash back as statement credit. Thankfully, it’s possible to revert the change.

if you’re a Prime member and have an Amazon Store Card that earns you 5% cash back on Amazon purchases, you can set the account to automatically redeem your earned rewards as statement credit each month. To do so, you need to log into your card account and select the “Rewards” option from the “REWARDS & OFFERS” menu in the upper corner of the account page. Your current reward balance will be displayed on the screen along with a link in the lower left corner to turn on automated redemption. Click that link and then click the “Enroll Now” button on the pop-up message that appears.

Once done, you’ll once again begin seeing any cash back you’ve earned applied to your statement as credit each month. You should receive an email confirming that you have successfully setup automated rewards redemption. Having rewards automatically applied is one less thing to think about and seems to me like something everyone with the card should do. The alternative is periodically going in and manually applying your rewards to your account or using your rewards as a payment method when checking out on Amazon.

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7 comments
  1. clocks says:

    Thanks for the heads up!

    • AFTVnews says:

      You bet! I imagine a lot of people will go a long time not realizing this change has been made. All while their earned cash sits unused. I figured a lot of my readers probably have the store card, so I just wanted to put the word out.

  2. smikwily says:

    This appears to be on Synchrony cards and not Chase cards? Is that correct?

    • Paul T says:

      The Chase card is the Amazon Prime Visa. It never supported a direct statement credit. This only applies to the store card, which is not Visa.

      Basically if you have the store card, it will work like the Prime Visa by default now. Which isn’t the end of the world, but it’s less convenient than an automatic direct credit.

  3. Terry says:

    The fine print that I received also states that they can take up to 2 billing cycles to credit the 5%. I stopped using the store card this month as it seems the Visa is now the better option.

  4. Don says:

    Question…I just got a store card… Will it help credit score?

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