Amazon Credit Card

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During the last years, Amazon flooded the market with numerous credit cards, and the customers immediately rushed for them. Even if the Amazon credit card is right for you, you should get to know which credit card you need before applying for it. This page will help you find out more about the Amazon credit card (i.e. the different types of the cards), assess whether you need it and which credit card from this company you may need.

What Is Known About Amazon?

Before getting to know the necessary information about the Amazon credit card, one should get an idea of what is the Amazon Company. Even though the company was founded just back in 1994, nowadays Amazon appears one of the largest companies in the world. It employs more than 556,000 workers, while it serves customers worldwide.

The company is known in the first place thanks to its internet service – and that is not a surprise, as it was founded as an internet merchant of books. Nowadays, however, the range of Amazon product lines is barely limited, as you can purchase almost any goods you need in this marketplace. While the net income of this company exceeds $3 billion, its revenues exceed $177 billion. As of 2017, Amazon was the world’s fourth largest capitalized company, having this indicator surpassed $560 billion. Besides, here you can see a guide how to get employed by Amazon.

Who Needs to Consider Applying for an Amazon Credit Card?

Before you will proceed to this overview of the Amazon credit card further, you need to get to know whether there is anything advantageous for you at all. So, you may consider applying for an Amazon credit card if:

  • You are a frequent shopper at Amazon.com.
  • You want to benefit from discounts and cash back in drug stores, gas stations, and restaurants.
  • You want to receive an Amazon.com gift card bonus.
  • You wish to have to have a credit card with a zero annual fee.

Amazon Credit Card

Types of the Amazon Credit Card

As it was previously mentioned, there are various types of Amazon credit cards. At this point of our guide, we will reveal the bonuses and reward of every type of the Amazon credit cards, so you will be able to analyze what’s more advantageous for you. The overview starts with the most basic Amazon credit card and ends with the premiere credit card of this company.

Amazon.com Store Card

Annual fee: None.

Sign-up bonus: $10 provided as an Amazon.com gift card.

Variable APR for purchases, balance transfers: 26.99%. for purchases, not eligible for balance transfers.

Rewards: Zero-interest funding for different types and amounts of purchases.

Additional Benefits: None.

The Amazon.com store card is the most basic credit card available on Amazon, which offers you to benefit from zero-interest purchases on Amazon and elsewhere. Even though all Amazon cards tend not to charge annual fees, other cards require users to be the Amazon Prime members, which costs around $99.99 per year.

In order to apply for the Amazon.com store card, you need to be a resident of the United States. Also, you should be older than 18 years old, have an ITIN (Individual Taxpayer Identification Number) and an SSN (Social Security Number). You are likely to receive a response as soon as in 30 seconds. But if it took more than 2 weeks and your application hasn’t been reviewed yet, Amazon recommends you to call to the Synchrony Bank, which appears to be the issues of this card. It is also worth to note that this store card doesn’t have an expiration date, so you may not worry about reissuing the card. This card, however, can be used only at Amazon.com.

Amazon.com Prime Store Card

Annual fee: None.

Sign-up bonus: $10 provided as an Amazon.com gift card.

Variable APR for purchases, balance transfers: 26.99%. for purchases, not eligible for balance transfers.

Rewards: You can choose between 5% of cash back as a statement credit or zero-percent financing for purchases of any amount and type.

Additional Benefits: None.

Actually, this is the pretty same Amazon credit card that has been described above, but it has one important difference: only Amazon Prime members can apply for this card. As it was mentioned above, the Amazon Prime membership costs around $99.99 per year and provides extra bonuses, such as an ability to watch streams and videos or get fast and free delivery from Amazon. Thus, if you want to invest in the Amazon Prime membership solely for getting this card, you need to spend at least $1,980 per year in order to get it paid off.

The Amazon.com Prime store card is also issued by the Synchrony Bank and doesn’t have an expiration date. When having this credit card, you can actually choose between getting zero-percent financing for purchases or 5% of cash back on all purchases made on Amazon.com. Obviously, the majority of holders fall for the second option.

5% of cash back on your Amazon.com purchases are added to your balance every time: if  you have made a purchase on Amazon.com today, the latest time when the cash back bonus will be delivered to you is midnight. It is worth to note that if you decide to cancel the Amazon Prime membership anytime, you will be able to keep using this card as a usual Amazon.com store card. Same as the previous credit card, this card can be used only at Amazon.com.

Amazon.com Rewards Visa Signature Card

Annual fee: None.

Sign-up bonus: $50 provided as an Amazon.com gift card.

Variable APR for purchases, balance transfers: from 15.24% to 23.24%.

Rewards: 3% cash back on purchases made at Amazon.com and Whole Foods Market, 2% cash back on payments in drugstores, gas stations and restaurants, and 1% cash back on all other purchases.

Additional Benefits: Visa Signature Concierge service, Visa Signature Luxury Hotel Collection deals, Purchase protection and extended warranty, baggage delay insurance, lost luggage reimbursement, travel accident insurance, no fees on foreign transactions.

Unlike the previous two types of the Amazon credit card, the other two types (including this Amazon.com Rewards Visa Signature card) are real credit cards that can be used elsewhere, not just on Amazon.com. I.e. this card is accepted anywhere where Visa cards are accepted. The card is offered by the Chase Bank and, if you have a good credit score, you may be instantly approved. The application review process by the Chase Bank takes from 2 to 4 weeks.

As you can observe, this Amazon credit card offers ample opportunities for you. With it, you are able to enjoy a lower variable APR for purchases. Though, it must be pointed out that if you add the funds to your account within 21 days after completing a purchase, you will not be charged an interest for credit.

Anyone who frequently shops on Amazon is eligible to apply for this credit card, and he/she will not be charged for its issuance or any annual fees. The card is a relatively new one, as it was launched just at the beginning of 2017, but has already gained popularity among users. And that’s not a surprise, as it is, despite being free to issue and maintain, offers a solid cash back on all purchases. In addition to that, you shouldn’t forget that there are numerous benefits offered by this Visa credit card, and it will be perfectly suitable for you if you are an active traveller.

Amazon.com Prime Rewards Visa Signature Card

Annual fee: None.

Sign-up bonus: $70 provided as an Amazon.com gift card.

Variable APR for purchases, balance transfers: from 15.24% to 23.24%.

Rewards: 5% cash back on purchases made at Amazon.com and Whole Foods Market, 2% cash back on payments in drugstores, gas stations and restaurants, and 1% cash back on all other purchases.

Additional Benefits: Visa Signature Concierge service, Visa Signature Luxury Hotel Collection deals, Purchase protection and extended warranty, baggage delay insurance, lost luggage reimbursement, travel accident insurance, no fees on foreign transactions.

Same as the previous Amazon card card, this card can also be used anywhere where Visa cards are accepted. However, one must point out that this card offers equal (and even better) benefits. In a same way like the ordinary Amazon Visa card, this card offers protection during travelling, extra hotel deals, and prime-quality Visa service.

Yet, only users who are the members of Amazon Prime can apply for this credit card. Unlike the usual Amazon Visa credit card, this card offers cash back of 5% on all purchases made at Amazon.com. But if you are an Amazon Prime member, there is no reason why you shouldn’t apply for this credit card.

After all, our website also gives you an opportunity to utilize the Credit Card Generator.

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