Are you an avid Amazon shopper?
If so, you might want to consider getting an Amazon Store Card but what is Amazon store card?
This card is a type of credit card that is exclusively designed for Amazon customers.
With it, you can enjoy various benefits, including cashback rewards, promotional financing, and exclusive deals.
The Amazon Store Card comes in two versions: the Amazon Store Card and the Amazon Prime Store Card.
Both cards are closed-loop, which means they can only be used for purchases on Amazon.com and Amazon-owned businesses.
If you are a Prime member, you can earn 5% back on Amazon.com purchases with the Prime Store Card.
Plus, you can access exclusive offers on select items. If you cancel your Prime membership, you can still use the Amazon Store Card and access promotional financing offers.
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What is Amazon Store Card?
If you’re a frequent Amazon shopper, you might have come across the Amazon Store Card.
It’s an Amazon-branded credit card that can be used to make purchases on Amazon.com.
Here’s what you need to know about the Amazon Store Card:
How to Get an Amazon Store Card
You can apply for the Amazon Store Card online, and if approved, you’ll receive a credit limit that you can use to make purchases on Amazon.com.
The Amazon Store Card is issued by Synchrony Bank, which also issues the Amazon Prime Store Card.
However, the Amazon Store Card is available to all Amazon customers, while the Amazon Prime Store Card is only available to Amazon Prime members.
Benefits of the Amazon Store Card
One of the main benefits of the Amazon Store Card is that it offers 5% cashback on all purchases made on Amazon.com for Prime members.
The card also comes with special financing options on select purchases, which can be a great way to save money if you’re planning on making a large purchase.
Additionally, the Amazon Store Card has no annual fee, making it a great option for frequent Amazon shoppers.
How the Amazon Store Card Works
When you make a purchase on Amazon.com using the Amazon Store Card, you’ll earn 5% cashback on your purchase if you’re a Prime member.
If you’re not a Prime member, you’ll earn 3% cashback on your purchase.
The cashback you earn can be applied to future purchases on Amazon.com, making it a great way to save money on your next purchase.
Amazon Store Card vs. Amazon Credit Card
It’s worth noting that there are two different Amazon-branded credit cards available: the Amazon Store Card and the Amazon Rewards Visa Signature Card.
The Amazon Store Card is issued by Synchrony Bank and can only be used on Amazon.com, while the Amazon Rewards Visa Signature Card is issued by Chase and can be used anywhere Visa is accepted.
If you’re a frequent Amazon shopper, the Amazon Store Card might be a better option for you, as it offers higher cashback rewards on Amazon purchases.
However, if you’re looking for a card that you can use anywhere, the Amazon Rewards Visa Signature Card might be a better choice.
Benefits of Amazon Store Card
If you’re a frequent Amazon shopper, the Amazon Store Card can offer you a number of benefits. Here are some of the benefits you can enjoy with the card:
Rewards System
With the Amazon Store Card, you can earn 5% back on all eligible Amazon.com purchases if you’re a Prime member.
Non-Prime members can still earn 5% back, but only on eligible purchases over $149.
Additionally, you can earn bonus rewards on select items, which can be as high as 15% back.
Special Financing Options
In addition to earning rewards, the Amazon Store Card also offers special financing options on eligible purchases.
These options include no interest if paid in full within 6, 12, or 24 months, depending on the purchase amount.
This can be a great option if you need to make a large purchase but don’t want to pay interest.
Exclusive Offers
As an Amazon Store Cardholder, you’ll also have access to exclusive offers on select items.
These offers can include discounts, cash-back rewards, and more. Additionally, if you sign up for a Prime Store Card, you’ll have access to even more exclusive offers.
Overall, the Amazon Store Card can be a great option for frequent Amazon shoppers.
With its rewards system, special financing options, and exclusive offers, it can help you save money on your purchases.
Additionally, if you’re already a Prime member, the card can be an even better deal, as you’ll earn 5% back on all eligible Amazon.com purchases.
Using Amazon Store Card
If you have an Amazon Store Card, you can use it to make purchases on Amazon.com, as well as at Whole Foods, restaurants, and gas stations.
You can also use it for online shopping with participating retailers.
For Amazon Purchases
When shopping on Amazon.com, you can use your Amazon Store Card to make purchases and earn 5% back on eligible items if you are a Prime member.
You can also take advantage of special financing options on purchases of $150 or more.
At Whole Foods
If you shop at Whole Foods, you can use your Amazon Store Card to earn 5% back on eligible purchases.
This includes purchases made in-store or online through Amazon.com.
At Restaurants and Gas Stations
You can use your Amazon Store Card at participating restaurants and gas stations to earn 2% back on eligible purchases.
For Online Shopping
When shopping online with participating retailers, you can use your Amazon Store Card to take advantage of special financing options and earn rewards on eligible purchases.
It’s important to note that while the Amazon Store Card can be used at Whole Foods Market locations, it cannot be used at other restaurants or gas stations.
Additionally, the card cannot be used with Amazon Pay.
The Amazon Store Card offers a convenient way to earn rewards and take advantage of special financing options when making purchases.
Application and Approval Process
When applying for an Amazon Store Card, you will need to follow a few steps to complete the application process.
Here is a breakdown of what you need to know:
Credit Score Requirement
To be eligible for an Amazon Store Card, you will need to have a credit score of at least 640.
This is considered a fair credit score, so if your score is higher, you may have better approval odds.
If you have a lower score, you may still be able to get approved but with a higher interest rate.
Income Requirement
In addition to having a minimum credit score, you will also need to have enough income to make monthly minimum payments.
While there is no specific income requirement listed, it is recommended to have a steady income source to increase your chances of approval.
Once you have met these requirements, you can start the application process by filling out an online application.
During the application, you will be asked to provide personal information such as your name, address, and social security number.
You will also need to provide information about your income and employment status.
After submitting your application, you may receive an instant decision on whether you have been approved or denied.
If you are not instantly approved, your application may be pending further review, and you will receive a decision within 7-10 business days.
If you are approved, you will receive a credit limit based on your creditworthiness.
You will also receive an Amazon Gift Card with the value described in the terms and conditions.
It is important to review the Cardmember Agreement and other important documents before using your card.
The application and approval process for an Amazon Store Card is straightforward, and if you meet the credit score and income requirements, you have a good chance of being approved.
Fees and Interest Rates
If you’re considering getting an Amazon Store Card, it’s important to understand the fees and interest rates associated with the card.
This will help you make an informed decision about whether the card is right for you.
Annual Fee
One of the great things about the Amazon Store Card is that there is no annual fee.
This means that you won’t have to pay anything each year just to keep the card.
APR
The regular APR for the Amazon Store Card is 29.99%.
This is a relatively high interest rate, so it’s important to make sure you can pay off your balance each month to avoid accruing interest charges.
If you don’t pay off your balance in full, interest will be charged on the remaining balance.
Late Fee
If you miss a payment or make a late payment, you may be charged a late fee.
The late fee for the Amazon Store Card is up to $40. It’s important to make your payments on time to avoid this fee.
Cash Advance Fee
If you use your Amazon Store Card to get a cash advance, you’ll be charged a fee.
The cash advance fee is the greater of $10 or 5% of the amount of the cash advance.
It’s generally not a good idea to use your credit card for cash advances, as they can be expensive.
The Amazon Store Card has relatively high fees and interest rates compared to some other credit cards.
However, if you are a frequent Amazon shopper, the rewards and benefits of the card may make it worth it for you.
Just make sure to pay your balance in full each month to avoid accruing interest charges.
Payment and Financing Options
When it comes to making payments and financing your purchases, the Amazon Store Card offers a variety of options to suit your needs.
Here are the three main options available:
Deferred Interest
If you need more time to pay off your purchase, the deferred interest option may be right for you.
With this option, you can make payments over time without accruing interest as long as you pay off the balance in full by the end of the deferred interest period.
However, if you don’t pay off the balance in full by the end of the period, you will be charged interest on the entire purchase amount from the date of purchase.
Equal Monthly Payment Financing
If you prefer to make equal monthly payments on your purchase, the equal monthly payment financing option may be a good fit.
With this option, you can make fixed monthly payments on your purchase over a set period of time.
The interest rate and payment period will depend on the purchase amount and the financing terms at the time of purchase.
Keep in mind that interest will accrue on your balance until it is paid off in full.
Recurring Payments
If you have recurring purchases or bills that you want to pay with your Amazon Store Card, you can set up recurring payments.
This option allows you to schedule automatic payments for a set amount each month.
You can choose to pay the minimum payment or a fixed amount each month.
This is a great option if you want to ensure that your payments are always on time and avoid late fees.
You can make payments on your Amazon Store Card through your online account.
Your due date will depend on the date of your purchase and the terms of your financing option.
Make sure to check your account regularly to stay up-to-date on your payment due dates and options.
The Amazon Store Card provides a variety of payment and financing options to help you make your purchases more manageable.
Whether you need more time to pay off your purchase or prefer to make fixed monthly payments, there is an option that will work for you.
Amazon Store Card and Other Amazon Cards
If you’re an avid Amazon shopper, you may want to consider getting an Amazon Store Card.
This card is a credit card offered by Amazon that allows you to earn rewards on your purchases.
However, before you decide to apply for this card, it’s important to know about other Amazon cards that are available.
Comparison with Amazon Prime Rewards Visa Signature Card
One of the most popular Amazon cards is the Amazon Prime Rewards Visa Signature Card.
This card is designed for Amazon Prime members and offers a variety of rewards.
Here’s how the Amazon Store Card and the Amazon Prime Rewards Visa Signature Card compare:
| Card Features | Amazon Store Card | Amazon Prime Rewards Visa Signature Card |
|---|---|---|
| Rewards | 5% back on Amazon purchases for Prime members; 0% for non-Prime members | 5% back on Amazon purchases and Whole Foods Market purchases for Prime members; 3% back on restaurants, gas stations, and drugstores; 1% back on all other purchases |
| Annual Fee | None | None |
| APR | 25.99% | 14.24% to 22.24% |
| Sign-Up Bonus | None | $100 Amazon gift card upon approval |
| Other Benefits | Access to exclusive financing offers | Travel benefits, including no foreign transaction fees and travel insurance |
Comparison with Amazon Secured Card
If you’re looking to build or rebuild your credit, the Amazon Secured Card may be a good option.
This card requires a security deposit, which becomes your credit limit.
Here’s how the Amazon Store Card and the Amazon Secured Card compare:
| Card Features | Amazon Store Card | Amazon Secured Card |
|---|---|---|
| Rewards | 5% back on Amazon purchases for Prime members; 0% for non-Prime members | None |
| Annual Fee | None | $0 to $49 depending on creditworthiness |
| APR | 25.99% | 22.99% |
| Security Deposit | Not required | Required; minimum $100 |
| Other Benefits | Access to exclusive financing offers | Opportunity to build or rebuild credit |
The Amazon Store Card is a good option if you’re a frequent Amazon shopper and have a Prime membership.
However, if you’re looking for more rewards or want to build your credit, you may want to consider other Amazon cards such as the Amazon Prime Rewards Visa Signature Card or the Amazon Secured Card.
Additional Features
When you sign up for an Amazon Store Card, you get access to a number of additional features beyond just the ability to make purchases on Amazon.
Here are some of the key features you’ll want to know about:
Security Deposit
If you’re approved for an Amazon Store Card, you may be required to put down a security deposit.
This deposit is used to secure your credit line and ensure that you can make payments on time.
The amount of your deposit will depend on your creditworthiness and other factors.
Smart Chip
The Amazon Store Card comes with a smart chip, which provides an added layer of security when making purchases in person.
This chip generates a unique code for each transaction, making it much more difficult for fraudsters to steal your information.
Online Account Management
Managing your Amazon Store Card is easy thanks to the online account management tools provided by Amazon.
You can view your balance, make payments, and track your rewards all in one place.
Plus, you can set up alerts to remind you when payments are due or when you’ve earned rewards.
When it comes to customer service, Amazon is known for being responsive and helpful.
If you have any questions or concerns about your Amazon Store Card, you can reach out to their customer service team 24/7 via phone, email, or chat.
The Amazon Store Card is a great option for frequent Amazon shoppers who want to earn rewards and take advantage of special financing offers.
With its additional features like a security deposit, smart chip, and online account management, it’s easy to see why so many people choose this card.
Key Takeaways
If you’re considering applying for the Amazon Store Card, here are a few key takeaways to keep in mind:
- Generous reward rate: With the Amazon Store Card, you can earn up to 5% cashback on purchases made on Amazon.com. This rate is only available to Amazon Prime members, but even non-Prime members can earn 3% cashback on Amazon.com purchases with the card.
- Signup bonus: New cardholders can receive a $10 Amazon gift card upon approval of their application.
- Financing options: The Amazon Store Card offers 6-24 month financing options on eligible Amazon purchases of $150 or more. However, it’s important to note that a standard APR of 28.99% variable applies to other purchases.
- Multiple versions of the card: Depending on your creditworthiness, you may be approved for either the Amazon Store Card or the Amazon Prime Store Card. The latter offers additional perks, such as 5% cashback on Whole Foods Market purchases and free two-day shipping on eligible items.
The Amazon Store Card can be a great option for frequent Amazon shoppers who want to earn rewards on their purchases.
However, it’s important to be aware of the card’s high APR and to use the financing options responsibly to avoid accruing interest charges.
