Amazon Prime Visa Payoff Calculator 2026

Card data, May 13, 2026

• Issuer: Chase (JPMorgan Chase Bank, N.A.)
• Network: Visa Signature, open-loop co-brand (works wherever Visa is accepted)
• APR: 20.49-28.99% variable (purchase APR)
• Annual fee: $0
• Rewards (Prime members): 5% at Amazon and Whole Foods, 2% gas stations, 2% restaurants, 2% drugstores, 1% other purchases
• Rewards (non-Prime, Amazon Visa): 3% at Amazon and Whole Foods, otherwise identical
• Cashback redemption: statement credit, direct deposit, gift card, or Amazon checkout
• Foreign transaction fee: 0%
• Balance transfer fee: 5% or $5, whichever is greater
• Late fee: up to $40
• Penalty APR: up to 29.99%
• Deferred-interest financing: none on this card (note: Amazon Store Card is a separate Synchrony-issued product that does use deferred interest)

Source: Chase Amazon Prime Visa pricing and terms, verified 2026-05-13.

TL;DR

The Amazon Prime Visa sits in three categories at once: open-loop Visa, co-brand rewards card, and prepaid amplifier for an Amazon Prime subscription. Carrying a balance defeats the third leg entirely. At a 24.74 percent midpoint APR, every dollar of carried balance accrues about 2.06 cents of interest per month. The 5 percent rewards rate on Amazon spend covers roughly one month of interest, after which the math is net negative.

Math worked example

$2,000 balance at 24.74% APR (midpoint), $80/mo payment:

• 33 months to payoff
• $627 interest paid
• Total cost: $2,627

Same balance, $150/mo payment:

• 16 months to payoff
• $304 interest paid
• Total cost: $2,304

The marginal $70 per month saves $323 in interest and 17 months. That is the highest-return move available to a Prime Visa revolver before considering balance transfers.

Run your specific Amazon Prime Visa numbers

The pillar payoff calculator takes any APR. Pull your exact rate from your statement under “Purchase APR” and the current balance from your account at chase.com.

Why this is NOT a deferred-interest card

Amazon runs two separate credit products:

1. Amazon Prime Visa / Amazon Visa (this page) is a Chase-issued Visa Signature. APR is variable in the 20.49-28.99% range. There is no deferred interest, no retroactive interest, and balances behave like any general-purpose Chase card.
2. Amazon Store Card is a Synchrony-issued private-label closed-loop card. It DOES use deferred-interest promotional financing on equal-pay plans, and is materially different. The CFPB deferred-interest guide explains how retroactive interest works on those products.

If the back of your card says “Visa” you are on the Chase product. If it says “Amazon” with no network logo, you are on the Synchrony store card.

How the variable APR moves

Chase Visa APRs are quoted as “Prime + X.XX%”. Per the Federal Reserve H.15 release, the prime rate as of Q2 2026 is about 8.5%. A Prime Visa APR of 24.74% suggests prime + 16.24%. A one-point hike in prime adds about $20 of annual interest per $1,000 of carried balance.

Rewards vs interest break-even

The 5% Amazon rewards rate is meaningful only when the statement balance is paid in full. Carrying any balance forfeits Chase’s grace period on new purchases, so every Amazon purchase made during the payoff period accrues interest from the transaction date. Net rewards on a carried balance: roughly zero after the first cycle.

If you spend $200 a month at Amazon while carrying a $2,000 balance:

• Rewards earned: $10 per month
• Interest on new Amazon spending: about $4 per month (at 24.74% APR, average $200 carried)
• Interest on the original $2,000: about $41 per month
• Net: rewards earn $10, interest costs $45. Net negative $35 per month.

Use avalanche if Prime Visa is your highest-APR card

A Prime Visa APR at the top of the range (28.99%) is higher than most general-purpose cards and lower than most closed-loop store cards. Order by APR and put extra dollars on whichever card is highest. The avalanche method spoke covers the prioritization rule.

Balance transfer option

Prime Visa balances can be transferred to a 0% APR balance transfer card. On a $2,000 balance at 24.74%:

• Status quo, $80/mo: 33 months, $627 interest, $2,627 total
• Transfer to 18-month 0% APR with 3% fee ($60 fee): if paid in 18 months at $114/mo, total cost $2,060. Savings: $567.

The savings widen at higher APRs and higher balances. See the balance transfer calculator for your numbers.

What about the Prime subscription value

The card is sold as a $14.99/month Prime amplifier. If your annual Amazon spending is below about $3,000 a year, the 5% reward (worth $150) does not pay for the Prime membership itself. That is a separate question from carrying a balance, but worth noting when deciding whether to keep the card.

See also

• Chase Sapphire Preferred payoff calculator
• Chase Freedom Unlimited payoff calculator
• Store credit card payoff calculator, the deferred-interest trap explained

Primary sources

• Chase Amazon Prime Visa terms
• CFPB deferred-interest guide
• Federal Reserve G.19 consumer credit

Related

• Credit card payoff calculator (home), pillar tool
• Credit card payoff by card type, full hub
• Avalanche vs snowball method
• Balance transfer calculator

Frequently asked questions

What is the APR on the Amazon Prime Visa?

20.49-28.99% variable as of May 13, 2026, per the Chase Amazon Prime Visa pricing page. Your specific rate was assigned at application based on your credit profile and adjusts with the prime rate. Penalty APR can rise to 29.99% after 60 days late.

Is the Amazon Prime Visa a store card with deferred interest?

No. The Amazon Prime Visa is an open-loop Visa Signature issued by Chase and behaves like any other Chase rewards card. The separate Amazon Store Card is issued by Synchrony and DOES use deferred-interest promotional financing on equal-pay plans, per the CFPB deferred-interest guide. Check the back of your card for the Visa logo to confirm which product you hold.

Does the 5 percent Amazon reward cover the interest if I carry a balance?

No. At a 24.74% midpoint APR, monthly interest on a carried balance is roughly 2.06% of the balance. That is more than five times the average reward rate across all categories on this card. The 5% on Amazon spending is offset by interest within the first billing cycle.

Can I transfer my Amazon Prime Visa balance to a 0 percent APR card?

Yes. The Chase Amazon Prime Visa is a standard Visa account, so balance transfers to most 0% intro APR cards from other issuers are accepted. Typical transfer fees are 3-5%. On a $2,000 Prime Visa balance, an 18-month 0% transfer with a 3% fee saves about $567 versus paying off at $80 per month.

What is the minimum payment on the Amazon Prime Visa?

Per the cardmember agreement, 1% of the balance plus interest and fees accrued, with a $40 floor. On a $2,000 balance accruing roughly $41 in monthly interest at 24.74% APR, the minimum is approximately $61. Paying only the minimum stretches payoff well past 10 years and roughly doubles the cost of the original balance.