Quick Answer: How Good Is Amazon Credit Card?

What is the catch with Amazon credit card?

There is a small catch: The 5% cash back benefit, which also applies to Amazon.com purchases, is only available to active members of Amazon Prime, a subscription program that offers free two-day shipping, access to streaming video and music, and a variety of other Amazon-specific perks for $119 a year..

Is the Amazon Prime Visa card good?

It offers a strong 5% cash back on Amazon purchases and Whole Foods purchases with no limit to how much cash back you can earn. This earning rate makes the Amazon Prime Rewards Visa card the best credit card on the market for an Amazon purchase. In addition to the strong cash back rate, rewards are simple to redeem.

Are Amazon credit cards hard to get?

You need only “fair” credit to get approved, and you can check your credit score for free on WalletHub to see if you’ll qualify. No annual fee (besides Prime dues). Whether you plan to use the Amazon.com Store Card for earning rewards or improving your credit score, not having to pay an annual fee is definitely a plus.

Is there an annual fee with Amazon credit card?

Prime Rewards card at a glance: … Annual fee: $119 Amazon Prime membership. Bonus: $70 Amazon gift card. Variable APR: 15.74 to 23.74 percent based on your credit score.

What credit card can I get with a 600 credit score?

Best credit cards if your FICO score is 600 to 649 overviewCredit CardBest ForCapital One Platinum Credit CardRebuilding creditSecured Mastercard® from Capital OneThe lower end of fair creditOpenSky® Secured Visa® Credit CardThose with little to no creditDiscover it® SecuredCashback rewards AND building credit4 more rows•Nov 17, 2020

Does Amazon run your credit?

Amazon will report your balance and payment information to the major consumer credit bureaus (Experian, TransUnion and Equifax). And with responsible use, the card will add to your positive credit information and you could see your credit score climb.

Which Amazon credit card is better?

The Amazon Prime Rewards Visa Signature Card is the best credit card for Amazon purchases. It has $0 (other than the $119 Amazon Prime subscription). It also offers 5% back at Amazon and Whole Foods Market with an eligible Prime membership*. 2% back at restaurants, gas stations, and drugstores*.

What happens to my Amazon credit card if I cancel Prime?

If I cancel Amazon Prime will Chase cancel my Amazon Prime card (even if I use it)? They will simply downgrade you to the non-Prime card, still no annual fee and 3% back on Amazon. If you do not want to use Prime anymore, you can still keep the credit card, your rewards just get downgraded. Just call them and ask.

What credit company does Amazon use?

Synchrony BankThe Amazon branded cards are issued by Synchrony Bank, a division of GE Capital. Synchrony Bank pulls almost exclusively from TransUnion. They do report payment history to all 3 of the major credit reporting agencies.

What credit score is needed for Amazon Prime Visa card?

(640+)You’ll only need a fair credit score (640+) to have a reasonable shot at getting the card. The tradeoff is that unlike the Visa Signature card, which you can use anywhere Visa cards are accepted, the Amazon Store Card is limited to purchases on Amazon.com and at retailers that accept Amazon Pay.

Can I use my Amazon Prime card anywhere?

You can use this card anywhere Visa is accepted But you can use the Amazon Prime Rewards Visa Signature Card for purchases anywhere that Visa is accepted.

How do I pay off my Amazon credit card?

Make a Payment on an Amazon Store Card or Amazon Credit Builder AccountHover over Payments at the top of the page, then scroll down and select View and Make Payments.In the first field, select Minimum Payment, Statement Balance (as of your last statement), Current Balance, or Other.More items…

Is it easy to cancel Amazon credit card?

How can I cancel my Amazon Credit Card? You can cancel your Amazon credit card by calling customer service at 888-247-4080. There is no fee associated with closing your account, but you will have to repay any outstanding balances.

Is the Amazon Prime Credit Card worth it?

The Amazon Prime Rewards card is undoubtedly worth it if you frequently order from Amazon — especially if you spend over $2,380 each year on the site or spend big on Amazon Prime Day. (Note, business owners may save even more with the Amazon Business Prime American Express Credit Card’s extra reward categories.)

Does the Amazon credit card build credit?

Building Credit with Amazon Credit Builder Synchrony Bank will report to the major credit bureaus whether you make at least the minimum payment due on time every month. Building a history of on-time payments can help build your credit.

What is the credit limit for Amazon credit card?

Consumers can establish credit lines ranging from a minimum of $100 to a maximum of $1,000. Like many other retail cards, however, the Amazon Credit Build card can only be used for Amazon purchases, making it a “closed-loop” card.

Does Cancelling a credit card hurt your credit?

A credit card can be canceled without harming your credit score⁠—paying off your balances first is key. Closing a credit card will not impact your credit history, which factors into your score.