Amazon Credit Cards- Credit-Facts You Need to Know!

Amazon has become one of the most popular online shopping destinations in the world. With so many products to choose from, it can be hard to decide what to buy! Luckily, Amazon offers credit cards for all types of customers with different credit requirements.

In this article, we’ll go over the different types of Amazon credit cards, how to apply for them, and what type of credit you can expect to get approved for.

Let’s start by looking at the four different cards offered by Amazon:

Types of Amazon Credit Cards

Before you apply for an Amazon credit card, you should know the four different types of credit cards they offer:

Each of these cards has its own pros and cons, so we’ll take a look at what each one offers.

Amazon Prime Rewards card: This is the most common type of Amazon card people sign up for. It requires an active Prime membership and you can qualify for cashback on certain purchases.

Amazon Visa Signature Card: This is a more traditional Visa card that can be used anywhere that accepts that payment method. And as a Visa Signature card, you will enjoy plenty of travel and purchase rewards.

Amazon Store Credit Card: The Amazon Store Card doesn’t offer the same rewards as the other two cards. It’s similar to other store cards like those from Best Buy or Walmart and you can only use it to buy from Amazon.

Amazon Secured Credit Card: The final type of Amazon credit card is one designed for people with bad credit. You will have to deposit an amount of money between $100 – $1000, which will be your credit limit. You get access to several credit-building tools and you can withdraw your security deposit and close the account at any time.

What credit score is needed for an Amazon credit card?

You will need a credit score of at least 670 to get approved for the Amazon Signature credit card. However, you can still get approved for a regular Amazon store card with a credit score as low as 640.

Having a higher score will not only increase your chance of approval but will also result in lower interest rates on your purchases.

Can you get an Amazon credit card with bad credit?

You can get approved for the Amazon secured credit card with bad or no credit. It requires a security deposit between $100 – $1000, but the deposit will be returned to you in full when you close your account or upgrade to any other Amazon credit card.

Does Amazon do a hard credit check?

The Amazon credit card is issued by Chase Bank and requires a hard credit check to get approved. The hard inquiry will show up on your report from all three bureaus (Equifax, Transunion, Experian). This can slightly lower your credit score, but it’s temporary and usually evens out within a few months.

What Bureau does Amazon use?

Amazon will pull your credit report from all three bureaus (Transunion, Equifax, and Experian). The inquiry may show up as Chase on your credit report, but Amazon is the one who pulled it.

Does Amazon send you a physical credit card?

Once approved, you should expect to receive your physical Amazon card within 7 business days by mail. You can use your card immediately after approval to make purchases through Amazon. However, you won’t be able to use it outside of Amazon until you activate the physical card.

Can I use my Amazon credit card anywhere or just on Amazon?

The Amazon Visa Signature and Prime Rewards cards can be used anywhere Visa is accepted. You can even use them at other retailers such as Walmart, Best Buy, and Samsung. However, the Amazon Store or Amazon Secured credit cards are only good for purchases you make on Amazon.com or within the Amazon app.

Can you withdraw cash from an Amazon card?

You can withdraw cash from your Amazon credit card by using the “Cash Advance” function at any ATM. However, you will be charged an extra fee for this service (usually around $5). Cash advances using your Amazon credit card also carry a higher interest rate than standard purchases.

How much is the Amazon credit card annual fee?

None of the Amazon credit cards has an annual fee. However, the Amazon Prime Rewards card requires you to have a current Prime membership, which is $12.99 per month or $119 annually. Having Amazon Prime will also activate cashback bonuses on certain purchases for the other types of Amazon credit cards, but isn’t required.

Final Thoughts

There is an Amazon credit card for almost all types of shoppers. The requirements range from a “0” credit score for a secured credit card to higher credit requirements for a Signature Visa card. As long as you meet the minimum requirements and can make your monthly payments on time, you should be approved for at least one of these credit cards.

It’s important to note that all Amazon credit cards, even a secured one, can help improve your credit score only if you use them responsibly. Only make small purchases and pay your balance in full and on time each month. This will keep your credit utilization low and help you improve over time.

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