5 Best Credit Cards For Amazon Canada Purchases in 2022

Photo of author

by Enoch Omololu, MSc (Econ)

Published on

Advertiser Disclosure

Millions of Canadians have an Amazon Prime membership so they can enjoy fast delivery times, access to Prime video, music, gaming, and all sorts of deals and discounts while shopping at the online retailer.

To earn even more rewards, an Amazon credit card can help.

As of this writing, the only store-themed Amazon Canada credit card is the Amazon.ca Rewards Mastercard. In the U.S., there are several to choose from, including the Amazon Prime Rewards Visa Signature and Amazon Rewards Visa Signature Card.

This article covers the best credit cards for making purchases on Amazon Canada so you can get the most out of your spending.

Best Credit Cards For Amazon Purchases

Credit CardBest ForAnnual FeeAmazon Cashback/BenefitsLearn More
SimplyCash Preferred Card from AmexBest overall$992% cash backApply
American Express CobaltMost versatile$155.881 point/$1; spend points on AmazonApply
SimplyCash from AmexNo fee card for Amazon$01.25% cash backApply
Amazon.ca Rewards MastercardPrime members$01.5% at Amazon (2.5% for Prime members)
National Bank ECHO MastercardOnline shopping$301.5% cash backApply

Amazon Credit Cards Canada: Top Choices

The top credit cards for Amazon shopping fall into different categories.

The overall best Amazon credit cards offer flat-rate cash back on rewards on all purchases, or you get a competitive earn rate when shopping online in general.

SimplyCash Preferred Card from American Express

The best credit card for Amazon.ca purchases is the SimplyCash Preferred Card from American Express.

Annual fee: $99

Cash rewards: This card offers an unlimited 2% cash back on all purchases, including online shopping at Amazon.

Other benefits: In addition to one of the best cash back rates on the market, this card also offers comprehensive travel insurance, access to American Express VIP perks, and more.

Learn more in this review.

SimplyCash Preferred Card from American Express

Rewards: Earn unlimited 2.00% cash back on all purchases.

Welcome offer: 10% cash back in your first 4 months (valued at $400).

Interest rates: 19.99% on purchases and 21.99% on cash advances.

Annual fee: $99

American Express Cobalt Card

The American Express Cobalt Card is one of the best travel rewards credit cards in Canada. It is also great for earning points on anything you spend money on.

Even better is the fact that you can connect this card to your Amazon account and spend points directly when making purchases through the Shop with Points program.

Annual fee: $155.88

Cash back rewards: Earn 5 points per $1 spent on restaurants and groceries; 3 points per $1 spent on streaming subscriptions; 2 points per $1 spent on travel, gas, and transit; and 1 point per $1 spent on everything else.

Other benefits: Comprehensive travel insurance coverage, mobile device insurance, purchase protection, extended warranty insurance, and Amex perks.

Learn more in this American Express Cobalt Card review.

American Express Cobalt Card

Rewards: Earn 5x pts per $1 spent on food & drinks; 3x pts on streaming subscriptions; 2x pts on travel; 1x pts everywhere else.

Welcome offer: Get up to 30,000 bonus points in the first year.

Interest rates: 20.99% on purchases and 21.99% on cash advances.

Annual fee: $155.88

SimplyCash Card from American Express

For a top rewards card you can use on Amazon while paying no annual fees, the SimplyCash Card from American Express is a safe bet.

Annual fee: $0

Cash back rewards: Earn an unlimited 1.25% cash back on all purchases.

Other benefits: Travel accident insurance, purchase protection, and extended warranty coverage.

Learn more in this review.

SimplyCash Card from American Express

Rewards and benefits: Earn 1.25% cash back on all purchases; travel accident insurance.

Welcome offer: 4% cash back in your first 6 months (valued at $200).

Interest rates: 19.99% on purchases and 21.99% on cash advances.

Annual fee: $0

Amazon.ca Rewards Mastercard

The Amazon.ca Rewards Mastercard is great for Amazon shopping, especially if you have an Amazon Prime membership.

Annual fee: $0

Cash back rewards: Amazon Prime members earn 25% cash back on eligible purchases at Amazon.ca and Whole Foods (or 1.5% for non-Prime members). On all other purchases, the earn rate is 1%.

Other benefits: Purchase assurance and extended warranty benefit.

To learn more, check out this Amazon.ca Rewards Mastercard review.

National Bank ECHO Cash Back Mastercard

The ECHO Cash Back Mastercard from National Bank works well for regular Amazon shoppers and online shopping as a whole.

Annual fee: $30

Cash back rate: Earn 1.5% cash back on gas, grocery, and online purchases; get 1% cash back on everything else. The 1.5% earn rate is limited to your first $25,000 spent on each category annually.

Other benefits: Purchase protection and extended warranty coverage.

How To Maximize Rewards Earned on Amazon

To earn the most rewards possible on your Amazon shopping, you need to be selective about which credit cards you pay with.

For flat-rate earnings, the SimplyCash Preferred Card from Amex is excellent.

If you already pay for Prime, then the MBNA Amazon.ca Rewards Mastercard is decent.

If you are looking to shop with points directly on Amazon.ca, the American Express Cobalt Card does well. Plus, it has some of the highest earn rates for groceries.

If you’d rather not pay annual fees on your card, the SimplyCash Card from Amex fits the bill.

Lastly, you should also look at the welcome bonuses being offered by each card, particularly if you are thinking about churning credit cards.

Methodology

For the top Amazon Canada credit cards on this list, we focused on the overall value of rewards you get while shopping at Amazon.

We also considered extra benefits such as travel insurance, welcome bonuses, and the ease with which you can redeem your earnings.

Lastly, we considered each card’s annual fee and how it stacks up against the benefits it offers.

Frequently Asked Questions

Which credit card is best for Amazon purchases?

The best credit card to shop at Amazon.ca and earn cash back is the SimplyCash Preferred Card from American Express.

What credit cards work on Amazon?

You can shop on Amazon with most Visa, Mastercard, and American Express credit cards.

What are the credit requirements for an Amazon credit card?

You will likely need a good credit score of 700 and up to qualify for an Amazon credit card.

Does the Amazon credit card have an annual fee?

The Amazon.ca Rewards Mastercard has no annual fee.

Related:

Best Credit Offers in September 2022

Earn up to 15% cash back for a limited time ($150 bonus)

One of the best no-fee credit cards in Canada.

Get 2% unlimited cash back on up to 3 purchase categories; 0.5% elsewhere.

Get 15% bonus cash back in the first 2 months ($150 value).

1.95% balance transfer offer for 6 months.

Get up to 5% cashback and grow your savings ($20 bonus)

Free prepaid reloadable Mastercard plus a $20 welcome bonus.

Free budgeting app with automatic savings features.

Access to a portion of your paycheque three days early.

1.20% savings interest on every dollar balance.*

The Neo Card pays up to 5% cash back at select retailers

Get a $25 bonus when you apply for the Card.

Earn up to 5% cash back at 7,000+ participating stores.

No annual account fees.

Guaranteed instant approval credit card.

Retirement 101 eBook - 3D

Author

Photo of author
Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

8 Shares
Share
Pin
Tweet
WhatsApp
Reddit