Quick Answer: What Is The Use Of Amazon Credit Card?

How does the Amazon credit card work?

You earn a 3% rebate for all Amazon.com and Whole Foods Market purchases; 2% at gas stations, restaurants, and drugstores; and 1% on all other purchases.

Your rewards come in the form of points.

You would earn a 3% rebate (60 cents), which would become 60 points.

Every 100 points is worth $1..

What is the purpose of Amazon card?

About the card The Amazon Prime Store Card is helpful for people who frequently shop online. The card is issued by Synchrony Bank and offers 5% back on all purchases. The card can only be used on Amazon purchases, and it has promotional no-interest financing available for big-ticket items.

Does applying for Amazon card hurt credit?

Yes, the Amazon Store Card will do a hard pull. You will need a credit score of at least 640 to get it, which is on par with what most store cards require.

Is the Amazon 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.)

Which Amazon card is best?

Best Amazon credit cards 2021Recommended cardsBest forAmazon Prime Rewards Visa Signature CardAmazon PrimeAmazon Rewards Visa Signature CardThird-party Amazon purchasesDiscover it® Cash BackGeneral spendingAmerican Express® Gold CardPurchase protection3 more rows

What is the limit on Amazon credit card?

$400The Amazon Store Card credit limit is at least $400 in most cases, and the average credit limit is around $1,500. You can definitely get a higher limit than $1,500 with the Amazon Store Card, but you can also get a lower limit than $400. Some forum users have reported initial credit limits as low as $150.

What credit card is best?

The Best Credit Cards of 2021Citi® Double Cash Card: Best Flat-Rate Cash Back Card.Chase Sapphire Preferred® Card: Best Entry-Level Travel Card.Chase Freedom Flex℠: Best Cash Back Card.American Express® Gold Card: Best Card for Dining.Chase Sapphire Reserve®: Best Flexible Travel Rewards Card.More items…•

What are the benefits of an Amazon credit card?

Welcome bonus* $50. Amazon Gift Card instantly upon approval. … Rewards at Amazon and Whole Foods Market* 3% back. 5% back. … Rewards at restaurants, gas stations, and drugstores* 2% back. … Rewards on all other purchases* 1% back. … No annual credit card fee†No foreign transaction fees†Bonus rewards at Amazon* Up to 20% back.

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

Cardholders who cancel their Amazon Prime membership can keep the Amazon Prime Rewards Visa Signature Card, but they earn 3% back, instead of 5%, on Amazon.com and Whole Foods purchases.

Should I apply for the Amazon credit card?

If you’re already a Prime member and a heavy Amazon user, this card could be a good addition to your wallet. “The benefits of the Amazon card are good, but not good enough to pay $99 per year for Amazon Prime if you are not a big shopper,” advises financial planner Kathy Hauer. Do the math before applying.

What bank is Amazon credit card?

Synchrony BankThe Amazon.com Store Card and the Amazon Prime Store Card are issued by Synchrony Bank. If you have questions about the Amazon.com Store Card or the Amazon Prime Store Card, call 1-866-634-8379, available 24 hours a day.

Can I use my Amazon credit card anywhere?

The Amazon Credit Card can be used anywhere Visa is accepted, which is virtually anywhere domestically and in over 150 countries around the world. The Amazon Store Card can only be used to make purchases on Amazon.com and through select “Pay with Amazon” merchants.

Should I apply Amazon store card?

The Amazon.com Store Card could be a good option if you’ll be spending a lot of money on Amazon, and want to pay off those purchases over time. If not, there will be better cards for you. 5% cash back is a good reward rate for Amazon, especially because you won’t find many cards with Amazon as a bonus category.

Is it easy to get approved for an Amazon credit card?

Amazon.com Store Card Highlights 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.