Which credit card earns more cash back overall?
Based on identical spending inputs, you’ll earn $154.20 cash back per year with Amazon Prime Visa and $120.00 with Petal 2 Visa Card. For context, the average annual rewards payout from the cashback credit cards in the investor.com database is $181.73.
The annual rewards payout assumes you charge $1,000 each month spread across the following spending categories: Dining ($145), Entertainment ($134), Gas ($140), Groceries ($198), Travel ($128), Pharmacy ($15), and Other ($240). The dollar amounts for each category are based on consumer spending data collected by the U.S. Bureau of Labor Statistics (i.e., how much the average American spends proportionally across the major credit card rewards categories). But you can — and absolutely should! — customize the inputs based on your actual monthly spending habits, using our rewards calculator.
To ensure the most accurate results possible, the rewards calculations for Amazon Prime Visa and Petal 2 Visa Card incorporate bonus rewards rates, spending caps, default rewards rates and annual fees, where applicable.
Is the Amazon Prime Visa good?
The Prime Visa from Amazon is essentially a store credit card on steroids, offering the most attractive cashback reward terms to those willing to pay the annual Amazon Prime membership fee.
thumb_up Likes
- 5% cashback on qualifying Amazon.com purchases
- 5% rewards for Whole Foods/Amazon Fresh shoppers
- No reward spending caps on any categories
- Accepted everywhere Visa is
- 0% APR payment plan on eligible purchases
- Visa Signature benefits included
- No foreign transaction fees
thumb_down Dislikes
- Requires $139 Amazon Prime subscription annually
- Measly 1% cash back at regular supermarkets
- Uncompetitive 1% default cashback rate
- Skimpy “welcome bonus”
| Category |
Default Rate |
Bonus Rate |
Bonus Spend Cap |
Bonus Spend Period (Months) |
| Gas |
2.00% |
- |
- |
- |
| Travel |
1.00% |
- |
- |
- |
| Dining |
2.00% |
- |
- |
- |
| Entertainment |
1.00% |
- |
- |
- |
| Pharmacy |
1.00% |
- |
- |
- |
| Groceries |
1.00% |
- |
- |
- |
| Other Purchases |
1.00% |
- |
- |
- |
Is the Petal 2 Visa Card good?
The road to approval for a better rewards card starts somewhere — specifically with a 1% cash back, low-credit-line/few-perks card. At least Petal doesn't charge an annual fee like some other starter cards.
thumb_up Likes
- Offers a pathway to rewards if you’re new to credit
- Earn up to 1.5% cash back
- Preapproval available
- No fees. Like, none. Not even foreign transaction fees
- Rewards shopping local with 2%-10% cashback
- Unlimited cash back
thumb_down Dislikes
- Just 1% cash back for the first six months
- Requires six to 12 on-time payments for access to 1.25% and 1.5% cash back rates
- Low credit limit = low rewards potential
- High APR on unpaid balances
- No sign-up bonus or intro 0% APR offer
| Category |
Default Rate |
Bonus Rate |
Bonus Spend Cap |
Bonus Spend Period (Months) |
| Gas |
1.00% |
- |
- |
- |
| Travel |
1.00% |
- |
- |
- |
| Dining |
1.00% |
- |
- |
- |
| Entertainment |
1.00% |
- |
- |
- |
| Pharmacy |
1.00% |
- |
- |
- |
| Groceries |
1.00% |
- |
- |
- |
| Other Purchases |
1.00% |
- |
- |
- |
compare_arrows Compare cash back credit cards
Select and compare two credit cards head to head to see which offers the most bang for your buck.
Read Next
Explore our other articles and reviews:
Methodology
The results of the investor.com Credit Card Rewards Calculator are based on the monthly spending amounts you enter and the annual dollar value of the rewards each credit card program pays per $1 spent. Credit card companies often express this payout amount as a percentage (e.g., 1.5% of every dollar spent) or on a points basis (e.g. ,1.5 points for every dollar spent). We converted all of them to a dollar amount (“Cash Back Per Year”) to make comparing offers easier.
To calculate the amount of cash back you could earn per year, we factored in:
- Spend category inputs: The default dollar values for each “Spend Category” in the Best Cashback Credit Cards tool — gas, groceries, travel, restaurant, entertainment, pharmacy, other — are based on average American spending data from the Consumer Expenditure Surveys from the U.S. Bureau of Labor Statistics. We also include additional spend categories (such as streaming services, online shopping, utilities, transit, Amazon and more) to help you see which rewards cards are most closely aligned with your actual spending patterns. We encourage you to customize the monthly spend inputs for the most accurate results.
- Tiered rewards rates: If a rewards credit card pays higher cashback rates on certain spending categories (also called “Bonus Rewards”), that difference is reflected in the total “Cash Back Per Year” tally.
- Rewards spending caps: Some cards impose category- or time-based limits (monthly, quarterly, annually) that affect the amount of rewards you can earn. For example, a card may pay 3% cash back on groceries on up to $1,000 of spending each quarter, then revert to the base/default rewards rate until the following quarter. We accounted for bonus spending caps and timeframe in the calculations.
- Default rewards rates: Purchases that exceed a spending cap are usually subject to a lower default rewards rate (e.g., 1% or 1.5%). We mathed that out too.
- Annual fees: If a rewards card charges an annual fee, we deducted that amount from the “Cash Back Per Year” total to provide a true accounting of a card’s annual rewards payout.
What’s not included in the “Cash Back Per Year” total is the cash value of any sign-up/introductory bonus. We highlight any Welcome Bonus separately. While sign-up bonuses can be the most lucrative part of getting a new cashback rewards credit card, not everyone will want or be able to do what it takes to earn the extra cash. (It usually requires spending a certain amount in a specified time period after the card is activated.)
