Amazon (NASDAQ:AMZN) and Santander (NYSE: SAN) have announced a partnership to launch its new Amazon Visa credit card in Germany.
The card has no annual fee and does “not require customers to open a new bank account.”
Amazon Visa enables customers to earn rewards “while shopping on and off Amazon.de, which can be redeemed for purchases on Amazon.de.”
Amazon Visa customers earn 1% rewards “on Amazon.de purchases and 0.5% rewards on purchases when paying with their Amazon Visa elsewhere.”
Prime members benefit from extra rewards, “as they earn 2% back from Amazon Visa spending on Amazon.de during select shopping events, which can include, for example, Prime Day.”
Cardholders can pay for their “purchases quickly, intuitively, and securely through Zinia, Santander’s consumer finance platform, and they are able to choose between full and revolving payments anytime.”
Tracking of the accumulated rewards balance “is easy and intuitive via the Amazon Visa app, as well as the redemption of points at check-out on Amazon.de.”
Customers receive a sign-up bonus, which will be credited “to their first Amazon Visa monthly statement.”
Previous Amazon.de VISA Karten customers “are currently eligible for a 25€ (Prime members) or 15€ (non-Prime) sign-up bonus when becoming an Amazon Visa customer. New customers receive a 15€ (Prime) or 10€ (non-Prime) sign-up bonus.”
Ana Botín, Chairman of Grupo Santander said:
“We are delighted to partner with Amazon in offering customers in Germany a way to earn rewards on their spending with the Amazon Visa card. Zinia, our digital consumer finance platform, continues to expand its capabilities and clients base while remaining committed to building strong relationships with top-tier merchants like Amazon throughout our markets.”
Rocco Bräuniger, Country Manager, Amazon Germany said:
“We are excited to introduce Amazon Visa, a new payment option with no annual fee that offers attractive rewards to customers for their online and stationary retail purchases, and extra rewards for Prime members. We’re delighted to collaborate with Zinia in making it easier for all customers to shop and save and bringing even more value to the Prime membership”.
Online banking for the card is “available on the Amazon Visa mobile app and on desktop. Amazon Visa will gradually become available to customers in the coming weeks.”
