WalletHub Rating
4.2/5
Amazon Secured Credit Card has a rating of 4.2/5 according to our proprietary credit card rating system. This rating reflects how appealing Amazon Secured Credit Card's terms are compared to a pool of more than 1,500 credit card offers tracked by WalletHub. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is 'Rebuild Damaged Credit (Store Cards)'. To break it down further, Amazon Secured Credit Card earned a score of 5.0/5 for Fees, 0.0/5 for Rewards, 5.0/5 for Cost, 5.0/5 for APR, and 3.1/5 for User Reviews.Info about the Amazon Secured Credit Card has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.
WalletHub Rating Breakdown
User Reviews
3.1/5
12 reviewsRead and write reviews
Market Comparison
Market Comparison
4.3
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Rebuild Damaged Credit (Store Cards)” for this card.
Fees
5.0
Rewards
0.0
Cost
5.0
APR
5.0
Other Features
3.0
4.3/5
Compared against 1,500+ credit cards
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Bad Credit
Minimum Security Deposit
$100
Fees
One-Time Fees→$0
Annual Fee→$0
Monthly Fee→$0
APR on Purchases
10%
Rewards
With an eligible Prime membership you can earn 2% back in rewards at Amazon.com, Amazon Fresh and more.
Amazon Secured Credit Card's Additional Info
•
You can submit a refundable security deposit from $100 to as much as $1,000, which will be your credit limit.
•
Report to 3 major credit bureaus every month which may help improve your credit.
•
Synchrony Bank will review your account in 12 months to determine if you’re eligible for an upgrade to an unsecured card. If and when you’re upgraded, your security deposit will be returned.
show more
at Synchrony Bank's secure site
Editor's ReviewFact checked
Fact checked
Fact Checked by Alina Comoreanu
Senior Researcher
Amazon Secured Credit Card Pros & Cons
No membership fees
Low regular APR
Qualify with bad credit
Requires security deposit
Compare The Amazon Secured Credit Card vs. Popular Alternatives
 Amazon Secured Credit Card |  Capital One Platinum Secured Credit Card |  Capital One Quicksilver Secured Cash Rewards Credit Card |
|---|---|---|
4.2WalletHub Rating WalletHub Rating 4.2 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. User Reviews 3.1 Market Comparison 4.3 fees: 5.0 rewards: 0.0 cost: 5.0 APR: 5.0 Other Features: 3.0 | 3.8WalletHub Rating WalletHub Rating 3.8 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 5.0 User Reviews 3.6 Market Comparison 3.6 fees: 5.0 rewards: 0.0 cost: 3.3 Other Features: 3.8 | 4.7WalletHub Rating WalletHub Rating 4.7 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 5.0 User Reviews 3.2 Market Comparison 4.8 fees: 5.0 rewards: 5.0 cost: 5.0 Other Features: 3.0 |
minimum deposit$100 | minimum deposit$49, $99 or $200 | minimum deposit$200 |
one time fees$0 | one time fees$0 | one time fees$0 |
annual fee$0 | annual fee$0 | annual fee$0 |
monthly fee$0 | monthly fee$0 | monthly fee$0 |
Regular APR10% | Regular APR30.74% (V) | Regular APR30.74% (V) |
rewards rate | rewards rate | rewards rate |
Questions & Answers
Can't find what you are looking for? Submit your question about Amazon Secured Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this card. In addition, WalletHub independently collected information for some of the cards on this page.
Most Popular
How can I graduate to a better offer from the Amazon Secured card?
Upvotes
Reply
Maria Adams, Credit Cards Moderator
@m_adams
It is possible to graduate to a better offer from the Amazon Secured Credit Card if you use the card responsibly for at least 12 months. More specifically, the issuer may graduate your card to the Amazon Store Card if your account history shows on-time payments and a low credit utilization. Your overall creditworthiness will also be taken into account.
When your secured card graduates to an unsecured card, your credit line no longer needs to be secured with...
4
How do I apply for the Amazon Secured Credit Card?
Upvotes
Reply
Maria Adams, Credit Cards Moderator
@m_adams
You can apply for the Amazon Secured Credit Card online, through the Amazon website.
Keep in mind that this card accepts people with bad credit. However, the Amazon Secured Credit Card does require you to be at least 18 years old, have a Social Security Number, and earn enough income to make minimum monthly payments.
Can I get approved for an Amazon credit card with bad credit?
2
Upvotes
Reply
2
Bianca Smith, WalletHub Credit Cards Analyst
@bianca_stoian
Yes, you can get approved for an Amazon credit card with bad credit, the Amazon Secured Credit Card. This card has a $0 annual fee, reports to the major credit bureaus each month, and does not have a minimum credit score requirement. Because the card is secured, you just have to put down a refundable deposit of at least $100 when opening an account.
The Amazon Secured Credit Card can only be used on the Amazon website and at Amazon's physical stores, and...
2
How do I cancel my Amazon Secured card?
Upvotes
Reply
Maria Adams, Credit Cards Moderator
@m_adams
To cancel your Amazon Secured Credit Card, call customer service at (866) 419-4096. Unfortunately, you won't be able to cancel your Amazon Secured Credit Card online.
Be aware that if there's a balance remaining on the canceled account, you will still need to make at least the minimum payment every month until the balance is paid in full. You will also need to update the payment method for any recurring charges linked to your Amazon Secured Credit Card.
How to Cancel your Amazon Secured Credit Card...
1
Can I use my Amazon Secured Credit Card anywhere?
2
Upvotes
Reply
2
1
Patrick Murphy, WalletHub Analyst
@stpatrick1982
You can only use the Amazon Secured credit card on amazon.com and through select "Pay with Amazon" merchants.
2
Can I do a balance transfer with my Amazon Secured Card?
Upvotes
Reply
John Miller, Credit Cards Moderator
@john_miller
No, you cannot do a balance transfer with the Amazon Secured Credit Card. In general, balance transfers let you shift high-interest debt from your current account to another issuer's credit card and pay off the balance, presumably at a reduced interest rate.
For a look at some of the top balance transfer cards on the market, check out WalletHub's Best Balance Transfer Credit Cards page.
How to Choose a Balance Transfer Card
The objective of a balance transfer is...
How can I get a cash advance with my Amazon Secured Credit Card?
Upvotes
Reply
John Miller, Credit Cards Moderator
@john_miller
Unfortunately, you cannot get a cash advance with your Amazon Secured Credit Card. The card can only be used for purchases at Amazon.
The fact that Amazon Secured Credit Card cash advances are not an option might actually be a blessing in disguise. Cash advances are very expensive, due to a cash advance fee and a separate cash advance APR that apply as soon as you withdraw the cash. There may also be ATM-owner fees, depending on where you make...
How do you get an Amazon Secured card deposit refund?
Upvotes
Reply
John Miller, Credit Cards Moderator
@john_miller
You can get an Amazon Secured Credit Card deposit refund when you close the account with no unpaid balance. The issuer will also return your deposit to you if they graduate your secured card to an unsecured version of the card. It typically takes 3-5 business days for an Amazon Secured Credit Card deposit refund to be processed.
Keep in mind that you will not get your full deposit back if there is a balance remaining when you close the...
How can I report fraudulent activity on my Amazon Secured card?
Upvotes
Reply
Maria Adams, Credit Cards Moderator
@m_adams
You can report fraudulent activity on your Amazon Secured Credit Card by calling customer service at (866) 489-4841 or the number you see on the back of your card.
Keep in mind that the Amazon Secured Credit Card offers a $0 fraud liability guarantee, which means you won't be on the hook for purchases you didn't make, as long as you report any unauthorized charges that show up.
What's the starting credit limit for the Amazon Secured card?
Upvotes
Reply
John Miller, Credit Cards Moderator
@john_miller
The starting credit limit for the Amazon Secured Credit Card is $100 or more, depending on how much of a security deposit you put down. When you first open the secured card, the amount of your security deposit will be your credit limit. The minimum security deposit required to open an Amazon Secured Credit Card account is $100.
Keep in mind that the issuer might allow you to increase your security deposit for a higher credit line. After 12 months,...
2
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Related Credit Card Categories
Amazon Secured Credit Card is related to the following categories:
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2023 WalletHub Awards
Amazon Secured Credit Card is an Editor's Pick for:
Easiest Credit Cards to Get Approved For
Amazon Secured Credit Card Reviews
Share your insights and review for the Amazon Secured Credit Card
5
33%
4
17%
3
8%
2
8%
1
33%
3.0
12 reviews
12 reviews
What's Your Rating?
ronniercarter
@ronniercarter
2 Star Rating
While I appreciate being approved for this card, I was disappointed to learn that one cannot increase the credit limit on the card with an on-demand additional deposit. You can only increase the credit limit on the card with an additional deposit by invitation from the issuer! Had I known this, I would never have opened the account with the $100 minimum deposit.
Comment
spreadborough
@spreadborough
5 Star Rating
After years of not using credit, and most credit history dropping off I had to start over building credit. I started this journey with the Amazon secured card, as I am a Prime member and frequent Amazon shopper. Initially I started with a $500 secured deposit and credit limit in April of 2022, my score was a 565. After a few months, I had set aside an additional $500 and applied to increase the credit limit and deposit to the max $1000, and successfully completed this in July of 2022, my score increased to 644 then.
I always paid off the card without carrying a balance to pay interest, and kept the reported utilization well under 30%, generally under 10%. After having the account open for 6 months, I opened a different store card without needing a deposit, and then have opened a couple of regular credit cards. Keeping my utilization low, I'm up to a score of 730 now. In less than a year, I've been able to create a decent credit score and history, and this card was a great start to the journey.
In a couple months, it will have been a year since I opened the secured card and expect to be rolling it over to an unsecured card and getting my deposit back.
I have not had any negative experiences with the card. It does take them a couple of day to post payment to account after submitting it, which is a very minor annoyance, but I'm aware of this and used to it.
Comment
1
Cody
@leboeufcody
3 Star Rating
I originally opened this secured card when my credit score was very low and needed to get started on repairing my credit score. I had just financed a new car and had recently started working at a new job, so money was pretty tight. $100 was all I could spare to establish this line of credit on the secured card. Over the months, I've improved my score and now have significantly more money saved up. They don't provide any easy way to increase the amount of credit on this secure card, so the $100 credit limit makes it nearly impossible to keep my credit utilization under 30%, which in turn means I essentially can't use this card. I recently made a small purchase for $33 and paid it off right away, but not before it reported above 30% credit utilization to my credit score and dropped me 47 points. Disappointing and disheartening. Wish they had an easy way to increase the amount of the secured card.
Comment
Mere P
@mereandaddy
1 Star Rating
Junk. Got card April 2021. Secured with deposit $200. Never missed a payment and pay off balances immediately nevercarry a balance!! . They say they automatically check for upgrades to unsecured. Bs! Called & requested review and was told they did it at 1 year and I wasn't eligible. Asked why ? They can't say. Asked why I wasn't sent a letter? They don't send letters. Answer was check w/ credit agencies. Ha! Hi transunion why didn't Amazon upgrade my card at 1 year? Seriously load of crock! Credit score has only gone up. Nearly 85-90 points since I opened this card. Meanwhile Discover approves an opening limit at $3k!! And TD at $2500! Synchroy sucks!! They always have & always will.
Comment
2
Tiffany
@tiffanyn6
4 Star Rating
Love this card helps me build my credit So we’ll see what happens if it does help build my credit it says it does so we’ll see what it does
Comment
Chantel
@chantelc_1
5 Star Rating
Giving me a chance to get my credit back in line and why not Amazon since I use it pretty regularly. I was also able to use it to try and buy on the card.
Comment
Angela
@alwaysdreambig0911
1 Star Rating
I put down $200.00 on this secured account. I had an issue with where the payment was being taken from. Basically they tried to pull from my checking account which had no funds. I quickly fixed the problem and made my payment, but because my declined the payment they closed my account immediately. Not a word closed it down. Sent me my check for remaining money after balance. I am floored by this. You don't even give a chance to fix an error you just shut them down. I could only charge $200 I couldn't go over that so what did they have to lose if a mistake was made. They had my money and would of been paid regardless. Instead of knowing your secure and letting me continue with my account, you shut it down as if something bad happened to your multi billion company. Selfish and in times like this where many are struggling. How do you look yourself in the mirror. Petty is what Amazon is.
Comment
1
sandylittle314
@sandylittle314
1 Star Rating
You really should allow people to post negative Stars! Do not, I repeat do not, get an Amazon card through Synchrony Bank! I went in to make a payment for $50 like I do every month but two days later my entire bank account was drained because they took all my money out of my account and after repeated calls I get conflicting stories about whether or not I have to wait a month for a paper check to get my money back or they could just directly put it back into my account within 48 hours which they have not done either! So unless you like getting taken for everything you have and pay outrageous interest rates on top of that, do not get this card or any card through Synchrony Bank!
Comment
3
njbulldogg
@njbulldogg
1 Star Rating
Had this card for a year now..never late..never missed a payment..with only a 100.00 limit that I chose...and have never received an upgrade to a non secured..at first they said it took seven monthly on time payments to be considered for an upgrade..then they changed it to a year when I reached the seven month grace period..as of 5/5/20 still no upgrade and its been a year...would not recommend
Comment
3
+ 3 WalletHub users submitted a rating without writing a full review
Review Amazon Secured Credit Card
WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Amazon Secured Credit Card, Amazon Store Card, Amazon Credit Card, Amazon Business American Express Card, and Amazon Business Prime American Express Card
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not the issuer’s responsibility to ensure all posts and/or questions are answered.
As a credit card expert with a deep understanding of the financial industry, I can confidently analyze the information provided in the article about the Amazon Secured Credit Card and WalletHub's proprietary credit card rating system. Let's break down the concepts and highlight key details:
-
WalletHub Rating System:
- Rating: The Amazon Secured Credit Card has a WalletHub rating of 4.2/5, determined by WalletHub's proprietary credit card rating system.
- Rating Components:
- Fees: 5.0/5
- Rewards: 0.0/5
- Cost: 5.0/5
- APR: 5.0/5
- User Reviews: 3.1/5
-
Market Comparison:
- The Market Comparison is an integral part of the WalletHub Rating, measuring the card's terms against a pool of over 1,500 credit card offers.
- The card's highest score is in the category of "Rebuild Damaged Credit (Store Cards)."
-
Key Terms:
- Accepted Credit Scores: Bad Credit
- Minimum Security Deposit: $100
- Fees:
- One-Time Fees: $0
- Annual Fee: $0
- Monthly Fee: $0
- APR on Purchases: 10%
- Rewards: 2% back in rewards at Amazon.com with an eligible Prime membership.
-
Additional Information:
- Users can submit a refundable security deposit ranging from $100 to $1,000, determining their credit limit.
- Monthly reporting to three major credit bureaus for credit improvement.
- Synchrony Bank reviews the account after 12 months for a potential upgrade to an unsecured card.
-
WalletHub Rating Breakdown for Popular Alternatives:
- Capital One Platinum Secured Credit Card: 3.8/5
- Capital One Quicksilver Secured Cash Rewards Credit Card: 4.7/5
-
User Reviews:
- User ratings for the Amazon Secured Credit Card vary, with some expressing satisfaction in building credit and others mentioning limitations, such as the $100 credit limit.
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Common User Questions and Answers:
- Users inquire about upgrading to an unsecured card, application processes, approval with bad credit, cancelation, usage restrictions, balance transfers, cash advances, deposit refunds, and reporting fraudulent activity.
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Editor's Review and Fact-Checking:
- The article includes an editor's review and mentions being fact-checked by Alina Comoreanu, a senior researcher.
-
Popular Alternatives and Related Categories:
- The article lists other credit cards, including popular alternatives and related Amazon.com cards.
-
User Reviews Section:
- The user reviews section provides firsthand experiences from individuals who have used the Amazon Secured Credit Card, expressing both positive and negative sentiments.
By presenting this comprehensive breakdown, it's evident that the Amazon Secured Credit Card is positioned as a viable option for individuals looking to rebuild damaged credit, with a focus on low fees, a competitive APR, and potential rewards for Amazon purchases. The WalletHub rating system and user reviews contribute to the overall assessment of the card's appeal and performance in the market.
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