To get approved for the Amazon Credit Card, you need a credit score of 700 or higher, enough income to pay the minimum each month, and at least 18 years old with a U.S. address and Social Security or Tax ID number.
It’s important to know that the Amazon Store Card has similar approval requirements. The main difference is the credit score needed, which is at least fair credit (a score of 640) for approval.
Which Amazon Credit Card Is Right For You?
We suggest getting the Prime version of either a Synchrony store credit card or a Chase credit card.
If you can’t get a Chase credit card because of your credit, you can try getting a Synchrony Amazon card instead. It’s best to get the Prime version so you can earn rewards. Just make sure you can afford the $139 annual Prime membership fee. You can cover the cost with rewards or by using the benefits of Prime, like free shipping and streaming.
If you have good credit and can get a Chase card, it’s worth getting the Prime Visa. You can use the same spending plan to pay for your Prime membership with rewards, but you’ll have more ways to earn rewards.
Choose a card carefully and use it wisely. Don’t spend too much with your Amazon credit card. Pay off your monthly balance to avoid extra charges and only buy what you need.
How To Get Approved For An Amazon Credit Card?
If you like shopping online, Amazon.com is one of the biggest online stores. They have two credit cards for people who shop there a lot.
1. Card Features
The Amazon.com Store card can only be used to buy things on Amazon.com. It allows you to pay for purchases over $149 in six months, over $599 in 12 months, and select items in 24 months. The Amazon.com Rewards Visa card gives users reward points.
You get some money back when you buy things, depending on where you shop. If you shop at Amazon.com, you can get three percent back or five percent if you are a Prime member. You can get two percent back for restaurants, gas stations, and drugstores.
For all other purchases, you can get one percent back. You can use the reward points at Amazon.com or exchange them for gift cards or cash. There is no yearly fee for these cards.
2. Online Application
You can find both credit card applications on Amazon.com. To apply, you’ll need an Amazon.com account. Each application asks for your name, address, phone number, yearly income, date of birth, Social Security number, and your mother’s maiden name to confirm your identity.
If your credit history is good, you can get approved immediately and use your card number. The bank will send you the actual card in a few days. If you don’t get approved right away, the bank will send you a letter and card when you are approved.
3. Credit Requirements
Amazon.com needs to decide who gets approved for their credit cards. The banks that issue the cards look at your credit history to decide. They check if you’ve had any bankruptcies or late payments. They also look at your credit score and reports from credit bureaus.
4. Other Qualifications
To get an Amazon.com credit card, you must be 18 years old, have a valid Social Security number, and not have applied for this card in the last 90 days. You also have to agree to the card’s terms and conditions.
Amazon Credit Cards: Key Differences
1. Open vs. Closed Loop
One notable distinction between Synchrony Amazon cards and Chase Amazon cards is where they can be used. Synchrony’s Amazon cards can only be used at specific stores or brands, such as Amazon.com and Audible.com, or with some Amazon Pay merchants.
Chase’s Amazon cards are open-loop cards, so you can use them anywhere Visa cards are accepted. You can use the Prime Visa for different expenses like dining out, groceries, bills, and other purchases to earn more rewards over time.
2. Approval Odds
One big difference between Synchrony and Chase Amazon cards is the approval process. It would help if you had a fair credit score for Synchrony’s Amazon store cards, while you’ll need a good credit score for Chase’s Amazon Visa cards.
3. Rewards
The Chase Prime Visa and Synchrony’s Amazon Prime Store Card give you 5 percent back when you buy things on Amazon.com. However, Chase’s Prime Visa gives you 5 percent back when purchasing things at Whole Foods and Amazon Freshbooking, such as book travel with Chase.
With a Prime membership, you can get 2 percent back on eating out, buying gas, and using local transportation. Everything else you buy with the card earns you 1 percent back.
If you’re not a Prime member, the Amazon Visa gives you 3 percent back on Amazon.com, Whole Foods, Amazon Fresh, and Chase Travel. It also gives 2 percent back on restaurant, gas station, and local transit purchases and 1 percent back on everything else.
You need a Prime membership to earn rewards with Synchrony’s Amazon Store Card. The rewards you get with the Amazon Prime Store Card are more versatile than those with Chase Amazon cards.Â
With the Amazon Prime Store Card, you can only use rewards for Amazon.com purchases. However, with Prime Visa and Amazon Visa, you can get cash back, statement credits for Amazon purchases, or gift cards. You can also use Prime Visa and Amazon Visa rewards to book travel on Chase.com.
4. Financing Options
Amazon store credit cards from Synchrony and Chase offer special financing deals for cardholders, like Equal Monthly Payments. However, the specific details of these offers vary slightly.
Synchrony’s Amazon store cards allow you to pay for purchases in installments over six, 12, or 24 months without interest.
- Six equal monthly payments on purchases of $50 to $599.99
- Twelve equal monthly payments on purchases of $600 or more
- Twenty-two equal monthly payments on select purchases
Note that you must give up the rewards you could earn on eligible purchases to apply for these special financing offers.
On the other hand, the Chase Prime Visa and Amazon Visa cards let you pay for your purchase without interest for six or 12 months. However, it would help if you met certain conditions.
- Six equal monthly payments on purchases of $50 or more
- Twelve equal monthly payments on purchases of $250 or more
Again, it would help if you gave up rewards on purchases when using these special financing offers.
Amazon also offers Special Financing, which allows you to delay paying interest. This option is usually provided to people with Synchrony credit cards, but Chase credit card holders may also be able to take advantage of it.
Remember that Synchrony’s Amazon store cards have an interest rate of 29.99 percent. This is above the average credit card interest rate and could cause problems if you choose the Special Financing option.
Amazon Store Credit Card
Synchrony gives out the Amazon Store Credit Card. It can only be used to buy things at Amazon or certain brands connected to Amazon.
There are two different versions of this card, depending on your membership with Amazon:
1. Non-Prime members:Â If you’re not a Prime member, you can’t earn Amazon rewards with this card. Instead, you can get unique financing options. Sometimes, you can pay in equal monthly installments with no interest; sometimes, you can delay paying interest.
2. Prime members:Â Prime members can get 5% back on Amazon purchases or special financing. The rewards can only be used for Amazon-related purchases and redeemed at checkout or as a statement credit on the card. Prime members also get exclusive offers for extra rewards on specific products and categories.
Both cards don’t have a yearly fee, but the second one needs a $139 Prime membership to qualify. Both cards also offer sign-up bonuses sometimes, like an Amazon gift card when you’re approved.
In Conclusion, To get an Amazon credit card, you need to know the card requirements, have good credit, and apply when you’re financially stable. This will increase your chances of approval and let you enjoy the card’s benefits for easier shopping.
Thank you for reading…..
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