Apply For Credit Card Amazon: Amazon offers a wide variety of credit cards from several issuers, each with a different set of characteristics, just like the site’s limitless options. Here is an explanation.
Amazon Prime members have access to a variety of credit card options, including six from three different issuers and eight reward possibilities. These cards are designed to cover personal or corporate costs, and understanding the alternatives and making the right pick is critical..
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Amazon Credit Card Options
Amazon credit cards you can use anywhere Visa is accepted:
- For Prime customers: Amazon Prime Rewards Visa Signature Card
- For non-Prime customers: Amazon Rewards Visa Signature Card
Amazon credit cards you can use only at Amazon:
- For most customers: Amazon Store Credit Card
- For customers who are building credit: Amazon Secured Card
- These cards are accessible to both Prime and non-Prime users, but the incentives you receive are based on your Prime status.
Amazon credit cards for business operators:
- For Prime business customers: Amazon Business Prime American Express Card
- For non-Prime business customers: Amazon Business American Express Card
Amazon Prime Rewards Visa Signature Card
The Chase Amazon Prime Rewards Visa Signature Card is an “open loop” card that can be used everywhere Visa is accepted, but requires an Amazon Prime membership and costs $139 annually.
- 5% back on all Amazon and Full Foods purchases.
- 5% back on purchases made through Chase Travel.
- 2% back at restaurants, gas stations, and on local transit and commuting, including rideshare.
- 1% back on all other purchases.
Amazon Rewards Visa Signature Card
The Amazon Points Visa Signature Card from Chase offers a convenient solution for those without Amazon Prime membership to earn points for retail purchases.
- It, too, is open-loop, aka usable anywhere that takes Visa, and it earns:
- 3% back in rewards on purchases at Amazon and Whole Foods.
- 3% back on purchases made through Chase Travel.
- 2% back at restaurants, gas stations, and on local transit and commuting, including rideshare.
- 1% back on all other purchases.
Those are decent rates, and the card often offers a sign-up bonus, to boot.
Amazon Store Credit Card
Issuer of the Amazon Store Credit Card is Synchrony. This card is a closed-loop card, meaning that it can only be used to make transactions at Amazon, unlike the Chase goods mentioned above.
There are two different versions of this card, depending on your membership with Amazon:
- Non-Prime members: You won’t earn Amazon rewards on this card, but you will be eligible for special financing options instead. Sometimes you’ll be offered equal monthly payment financing at 0% APR, and sometimes you’ll get deferred interest options.
- Prime members: Choose to earn 5% back on your Amazon purchase, or choose special financing. The rewards you’ll earn are good for Amazon purchases only, and you can either redeem them at purchase or for a statement credit on the card after the purchase. Plus, you’ll be eligible for exclusive Prime card offers to earn extra rewards on rotating products and categories.
Although neither card has an annual fee, the latter does require a $139 Prime subscription to be eligible.
Sign-up bonuses are occasionally offering for both cards as well. Those offers differ, but an Amazon gift card is frequently provided upon approval.
Amazon Secured Card
Synchrony Bank also issues the Amazon Secured Card. Because it is also closed-loop, only Amazon can use it.
However, this item is quite unusual in that it’s a store credit card that needs a security deposit as collateral up front. ($100 minimum; $500 maximum). Your credit limit is however much you deposit.
The majority of shop cards are unsecured goods, thus no down payment is require. In fact, because store cards generally have lower credit score restrictions, they are frequently more accessible overall.
Why would someone pick the Amazon Secured Card, then? It offers a low, locked-in APR of 10%, which is significantly lower than the industry standard and can be useful if you need to carry a balance. Comparatively speaking, many other shop cards have variable APRs that can reach almost 30%.
Second, and only if you have an Amazon Prime membership, you can earn benefits with the Amazon Secured Card, unlike some other secured credit cards: Every qualified Amazon purchase earns 2% cash back.
Amazon Business Prime American Express Card
Small-business owners who are Amazon Prime members may be eligible for the Amazon Business Prime American Express Card, which has no annual charge.
Up to $120,000 in annual expenditures at Amazon Business, AWS, Amazon, and Whole Foods, the card offers 5% back (after that, 1% back). Rules apply.
Those 5% incentives can build up if your firm makes significant purchases on Amazon. You would receive $6,000 in rewards if your annual Amazon purchase total exceeded $120,000.
Alternately, you can decide to benefit from 90-day financing on your qualified Amazon business purchases in place of earning the 5% extra rewards rate. (Purchases for which you choose financing are not subject to the $120,000 cap.) Rules apply.
The card offers the following welcome offer in addition to additional benefits in a number of other helpful categories: Upon being approved for the Amazon Business Prime American Express Card, eligible Prime Members receive a $125 Amazon Gift Card. Rules Apply.
Which Amazon credit card is greatest for me?
The answer mostly relies on whether you are a Prime member or run a small business, especially because none of these cards have an annual charge.
The Amazon Prime Prizes Visa Signature Card is the greatest choice for existing Prime members (who do not own a business) in terms of value for money.
Rich rewards are earn with the shop as well as in several other everyday spending areas; these incentives are sufficient to allow you to recoup the cost of your annual Prime membership fee easily.
