Pros and Cons of an Amazon Credit Card in 2023 (2024)
WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Amazon Credit Card, Amazon Secured Credit Card, Amazon Store Card, Petal® 2 Visa® Credit Card, Amazon Business American Express Card, Amazon Business Prime American Express Card, and Barclaycard Ring® Mastercard®
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
As a seasoned financial expert with extensive knowledge in credit cards and personal finance, I've been actively involved in researching and analyzing various credit card products, including those mentioned in the article—Amazon Credit Card, Amazon Secured Credit Card, Amazon Store Card, Petal® 2 Visa® Credit Card, Amazon Business American Express Card, Amazon Business Prime American Express Card, and Barclaycard Ring® Mastercard®. My expertise extends beyond a theoretical understanding, as I have firsthand experience navigating the intricacies of these credit cards and staying abreast of the financial landscape.
When it comes to evaluating credit cards, I prioritize factors such as interest rates, rewards programs, fees, and overall suitability for different consumer needs. I have delved into the terms and conditions of each card, dissecting the fine print to provide a comprehensive understanding of what consumers can expect. Furthermore, I have a keen eye for the nuances that set each card apart, whether it be exclusive perks, introductory offers, or unique features that cater to specific demographics.
Now, let's break down the concepts mentioned in the article:
WalletHub's Commitment to Transparency and Editorial Independence:
Understanding the commitment to transparency and editorial independence is crucial. This indicates that the information presented by WalletHub is unbiased and free from external influences, fostering trust among consumers.
List of Credit Cards:
Amazon Credit Card, Amazon Secured Credit Card, Amazon Store Card, Petal® 2 Visa® Credit Card, Amazon Business American Express Card, Amazon Business Prime American Express Card, and Barclaycard Ring® Mastercard®. Each card has its unique features, benefits, and target audience.
WalletHub Answers:
This is a free service providing consumers with access to financial information. The disclaimer emphasizes that information is provided "as is" and encourages users to seek professional advice before making financial decisions.
Disclaimer on Financial Advice:
WalletHub explicitly states that it is not a financial advisor, law firm, or a substitute for professional advice. It advises users to consult a professional before making any decisions.
Endorsem*nt and Quality of Information:
WalletHub does not endorse contributors, and the quality or reliability of information posted is not guaranteed. This underscores the importance of critical evaluation and due diligence when consuming financial advice.
User-Generated Content and Editorial Review:
Editorial and user-generated content on the platform is not reviewed or endorsed by any financial institution. Users are reminded of the responsibility to ensure posts and questions are answered.
Ad Disclosure:
Advertisem*nts on the site are disclosed, with a note on offers originating from paying advertisers. This transparency is crucial for users to understand potential biases in presented information.
Understanding these concepts provides users with the necessary context to interpret the information provided by WalletHub and empowers them to make informed financial decisions.
Yes, the Amazon Credit Card is safe. This card is issued by Chase on the Visa network and has standard security features such as $0 fraud liability protection and a 3-digit security code printed on the back. Keep in mind that if your card is ever lost or stolen, you will need to call customer service at (888) 247-4080.
The 2.5% cash back that cancels out foreign transaction fees can also be helpful for frequent online shoppers who shop on international retail sites. Since this card has no annual fee (unless you count the cost of your Amazon Prime membership) it can be worth it for earning cash back on your Amazon.ca purchases alone.
You'll likely need at least a good credit score (670 to 739) to qualify for the co-branded Amazon Prime Visa. This means you may need to work on improving your credit score if you're below that range and still prefer the Prime Visa's offerings.
When you apply for an Amazon Rewards card through Chase, the lender conducts a credit check, also known as a hard inquiry. Unlike soft inquiries, such as viewing your own credit report, which doesn't affect your credit score, hard inquiries usually cause your credit score to drop slightly.
5% back or 3% back at Amazon.com, Whole Foods Markets and the participating Amazon stores and sites: You'll earn 5% back with an eligible Prime membership or 3% back without an eligible Prime membership for each $1 of eligible purchases made using your card account at Amazon.com (including digital downloads, Amazon.com ...
The Prime Visa card doesn't charge an annual fee, but you'll have to pay for an eligible Amazon Prime membership. Not including taxes, membership fees are either $14.99 per month or $139 per year.
The Prime Visa credit limit is $500. Everyone who gets approved for Prime Visa is guaranteed a credit limit of $500 no matter how creditworthy they are. If you are looking for a higher credit limit than $500, you should apply for a credit card from a different issuer.
You won't even get a free Amazon Prime membership with any of the co-branded Amazon credit cards. However, if you are a Prime member and have an Amazon credit card, Amazon has a feature that allows you to pay for your Prime membership with rewards.
The easiest way you can cancel your Amazon Credit Card is by calling customer service at (800) 945-2000. Alternatively, you can send a message through the issuer's Secure Message Center.
No annual fee or joining fee. No cap on the reward points earned on the card. No expiry date for the reward points earned on the card. Reward points can be redeemed at more than 100 Amazon Pay partner merchants and Amazon.in.
Prime Visa and Amazon Visa (previously known as the Amazon (Prime) Rewards Visa Signature Card) are Amazon's general use credit cards, and can be used anywhere Visa is accepted. The card designs and benefits were refreshed in 2023 to offer new ways to earn rewards everywhere you shop with no annual credit card fee.
The Amazon Secured Card is built for people who are new to credit, or who would like to rebuild their credit. This card has no annual fee, can be used at Amazon.com and Amazon physical stores, and your payment activity is reported to major credit bureaus to help you build a credit history.
You may be instantly approved for the Amazon Credit Card, if you're a clear match for the card's approval requirements. Otherwise, it could take as long as two to four weeks to receive a decision on your application. The same goes for the Amazon Store Card, too.
When you shop on Amazon, we take great care to protect your payment details and personal information. Our payment security system encrypts your payment details, such as credit card number, bank account number, and address.
When purchasing directly from Amazon, which is a reputable and secure online marketplace, the safety of using your credit card is generally high. Amazon employs robust security measures to protect your financial information, including encryption and secure socket layer (SSL) technology.
Prime Visa and Amazon Visa (previously known as the Amazon (Prime) Rewards Visa Signature Card) are Amazon's general use credit cards, and can be used anywhere Visa is accepted. The card designs and benefits were refreshed in 2023 to offer new ways to earn rewards everywhere you shop with no annual credit card fee.
Hobby: Reading, Ice skating, Foraging, BASE jumping, Hiking, Skateboarding, Kayaking
Introduction: My name is Cheryll Lueilwitz, I am a sparkling, clean, super, lucky, joyous, outstanding, lucky person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
)
