Looking For A Credit Card With Poor Credit
If you currently have only limited, poor, or average credit, and are looking for a real credit card, we currently recommend theMilestone® Gold Mastercard®instead of the Amazon.com Card.
This is because the Milestone® Gold Mastercard® allows you to see if you’re pre-qualified before you apply for the card – so you don’t have to risk having your credit pulled, only to be denied a card.
The Milestone® card is a Mastercard® which means that it can still be used on Amazon and at millions of merchants around the world.And your application will be considered even if you have a prior bankruptcy.
Who Should Consider The Amazon Prime Rewards Signature Visa Card
If you frequently shop in Whole Food markets and on Amazon.com as a Prime member, this card might make sense given the rebates and rewards. A co-branded card like this provides not only access to rewards but a line of credit, and you have the flexibility of being able to use the card anywhere that takes Visa. If you don’t want to take out a credit card, but you have brand loyalty to Amazon and shop frequently on its website, you might consider an Amazon.com or Amazon Prime Store card.
No Annual Fee Sort Of
Technically, the Amazon Prime Rewards Visa Signature Card doesnt have an annual fee, which is a good thing for cardholders who want to save money. But theres a catch: You must be an Amazon Prime member to apply for the card, and that costs $119 per year for a nonstudent membership.
Of course, that $119 goes toward more than just maintaining your card each year. Amazon Prime benefits include free shipping, Prime Video and additional savings at Whole Foods Market, along with a long list of other perks.
If youre already an Amazon Prime member, then the cost isnt a concern. But if youre considering signing up just so that you can apply for the card, think about the cost carefully youd have to spend more than $2,380 at Amazon.com or Whole Foods each year to offset the $119 annual Prime membership fee. A different cash back card with a lower annual fee might make more sense .
Cardholders who cancel their Amazon Prime membership can keep the Amazon Prime Rewards Visa Signature Card, but they earn 3% back, instead of 5%, on Amazon.com and Whole Foods purchases.
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Get Your Credit Score Improved Professionally
In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It’s so much less stress, hassle, and time to let professionals identify the reasons for your score drop.If you’re looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on or setup a consultation with them. They also happen to have incredible customer service.Credit Glory is a credit repair company that helps everyday Americans remove inaccurate, incomplete, unverifiable, unauthorized, or fraudulent negative items from their credit report. Their primary goal is empowering consumers with the opportunity and knowledge to reach their financial dreams in 2020 and beyond.
How Does It Help My Credit
Synchrony, the issuing bank behind the card, will report your payment history to the three national credit bureaus: TransUnion, Equifax and Experian. As a cardholder, you also have access to free credit score monitoring and credit advice.
The program puts credit in the hands of people in a responsible way while giving customers access to tangible benefits such as tools to improve credit, Angie Hu, a spokesperson for Synchrony told USA TODAY.
You could be upgraded to an unsecured card if you meet certain criteria and make payments on time for seven straight months, according to Amazon.
If you are somebody who keeps your balances low, pays your bills on time every time, then it is possible that you could graduate to a new card pretty quickly, Schulz said.
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Our Thoughts On The Chase Freedom Unlimited Card
The Chase Freedom Unlimited® card is one of the best cashback cards with a valuable rewards structure and excellent sign-up bonus. Youll Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. And earn 5% cash back on grocery store purchases on up to $12,000 spent in the first year. If youre a Whole Foods shopper, youll enjoy this high earnings rate.
The Chase Freedom Unlimited® card also offers a number of bonus earnings categories: Earn 5% cash back on travel purchased through Chase, 3% on dining and drugstores, and 1.5% on all other purchases. Theres little to no thinking involved with using this card, as you wont have to activate any particular categories to maximize your spending.
Discover It Cash Back
For three quarters of the year, the Discover it Cash Back card only offers 1% cash back on Amazon purchases, but in the fourth quarter of 2021, the Discover it Cash Back is a winning proposition for Amazon purchases especially for new cardholders. If you remember to enroll in the category that quarter, you will receive 5% back on your Amazon purchases, on up to $1,500 in purchases . And, since Discover matches your cash back at the end of your first year of card membership, new cardholders can essentially earn 10% cash back on Amazon purchases in the fourth quarter.
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Amazon Prime Rewards Visa Pros And Cons
The key to good credit history is being selective about your credit cards and how you use them. Available credit, low card balances, on-time payments and card longevity are some of the factors that affect your credit score most. Canceling a card because it isn’t right for you could negatively impact the average age of your credit card accounts and your overall available credit. Make sure that the Amazon Prime Rewards card will suit your needs for years to come before you apply.
Consider the following pros and cons:
Our Thoughts On The Bank Of America Customized Cash Rewards Credit Card
The Bank of America® Customized Cash Rewards credit card offers a unique way to earn. Cardholders can earn 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs , 1% cash back on all other purchases. The 3% categories include gas, online shopping, travel, drug stores or home improvement/furnishings.
The Bank of America® Customized Cash Rewards credit card provides the ability to maximize your rewards based on your spending habits, which can be incredibly valuable throughout different times of the year. For online shoppers, its a no-brainer to choose the online shopping category to make the most of your Amazon purchases.
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Should You Get This Card
The Amazon Prime Rewards Visa Signature Card is obviously best-suited for those who regularly spend money with Amazon.com and regularly shop at Whole Foods Market. If your porch is constantly littered with Amazon deliveries and the Whole Foods cashier knows you by name, you can easily gain enough value from the card to save on your regular spending and offset the cost of Amazon Prime membership. But if you dont shop Amazon.com or Whole Foods, you can find better rewards rates on your spending from other cards.
Amazon Prime Rewards Visa Versus Amazon Rewards Visa
If you are looking to earn rewards on everyday purchases, then you should get either the Amazon Rewards Card or the Amazon Prime Rewards Visa Signature Card. While both are no-annual-fee cards, the main difference is whether or not you have an Amazon Prime membership. Prime members will be able to earn 5% back at Amazon and Whole Foods. Whereas, non-Prime members will only earn 3% back for the same purchases.
Is The Amazon Prime Store Card A Credit Card
Yes, the Amazon Prime Store Card is a credit card issued by Synchrony Bank. However, the card has no network affiliations outside of Amazon.com purchases, so its use is limited. On the other hand, the Amazon Prime Rewards Visa Signature Card and the Amazon Rewards Visa Signature Card are issued by Chase and can be used anywhere Visa cards are accepted.
Amazon Prime Rewards Visa Signature Card Overview
The Amazon Prime Rewards Visa Signature Card is one of the best online shopping credit cards due to its high reward rates on Amazon purchases with no spending caps and Visa Signature benefits.
The biggest drawbacks are the required Amazon Prime membership and a few missing purchase protectionsbut these are minor nitpicks compared to what many other store cards offer.
Want more details? Jump to the following sections:
- Requires an Amazon Prime membership, which costs $119 per year
- Only one Amazon Prime account can be linked to this card
- Reward points cant be transferred to other loyalty programs
- Although its a Chase credit card, it doesnt have access to the Chase Offers or Chase Ultimate Rewards portals
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How The Amazon Prime Rewards Signature Visa Card Works
Amazon.com is the virtual store that has everythingand at low prices. Order it today have it as soon as tomorrow. Not only does it offer a wide variety of goods, but the company also offers a co-branded visa card, especially for its Prime members.
The Prime Rewards Signature Visa is similar to its alternative co-branded card, named the Amazon Rewards Signature Visa credit card. Both credit cards can be used anywhere Visa is accepted and are backed by Chase Bank USA, N.A., a subsidiary of JPMorgan Chase & Co., which handles all revolving credit services and issues.
The card can be used anywhere that accepts Visa. The card offers 5% cashback on all items purchased on Amazon.com and Whole Foods markets. Newcomers get a $100 Amazon.com Gift Card instantly upon credit card approval. Cardholders may select a card design featuring either Amazon or Whole Foods, as well.
Is It Hard To Get Amazon Credit Card
With so many different to choose from, many shoppers are left wondering which, if any, might be worth getting. The card that will best suit most consumers is the Amazon Prime Rewards Visa Signature Card. The only drawback is that it’s exclusive to Prime members, who must pay $119 per year for membership.
Furthermore, what are the easiest credit cards to get approved for? Secured are backed by a required refundable security deposit, which reduces the lender’s risk and makes it easier for people who don’t have or who have bad to qualify. This typically makes them easier to get than unsecured cards, which have no such requirement.
Likewise, how can I get approved for Amazon credit card?
To apply for a credit card:
What credit score do you need for Amazon Prime visa?
Amazon Prime Rewards Visa Signature Card Amazon reports that you‘re “more likely to be approved” for their Prime Rewards Siganture card with a score of 640 or higher. There are user reports of being approved with a score as low as 600.
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No Annual Fee With A Catch
There are no annual fees for the Amazon Business Prime Card. However, to qualify to receive the card, youll need an eligible Amazon Prime membership. Specifically, youll need a personal Prime account or a Business Prime membership .
Because a Prime membership gets you 5% cash back on purchases under the Amazon banner, if you have a personal Prime account, youll need to spend around $2,380 on Amazon purchases annually to recoup the cost of Prime with your card alone. Of course, Prime comes with an array of benefits, including two-day free shipping, access to Prime Video and Music, exclusive deals, and more. Its also worth mentioning that the $125 welcome Amazon.com gift card covers one year of a personal Prime membership. This means that Amazons premium membership may be well worth it even if you wont be breaking that $2,380 mark on Amazon purchases.
Amazon Prime Rewards Visa Signature Card
Get a $100 Amazon.com Gift Card instantly upon credit card approval.
|$0, Prime Membership Required|
|Rewards Earning Rate||Earn 5% back at Amazon.com and Whole Foods market with an eligible prime membership, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases.|
|Balance Transfer Fee||Either $5 or 5% of the amount of each transfer, whichever is greater.|
|Foreign transaction fee|
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How To Calculate My Credit Score
Category: Credit 1. How are FICO Scores Calculated? | myFICO | myFICO FICO Scores are calculated using many different pieces of credit data in your credit report. This data is grouped into five categories: payment history New credit · Length of credit history · What Does Credit Mix Mean? · Amount
Alternate Pick: Amex Everyday Preferred Credit Card*
If youre primarily looking for rewards on everyday spending, consider the Amex EveryDay® Preferred Credit Card*. For an annual fee of $95 the card offers the following rewards: earn 3 points per dollar at US supermarkets, on up to $6,000 per year in purchases , 2 points per dollar on US gas stations and 1 point per dollar on other eligible purchases. The welcome bonus will help you score some extra cash back on Amazon.com, too: earn 15,000 Membership Rewards points after you use your new card to make $1,000 in purchases in your first 3 months of account opening
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Amazon Prime Rewards Card Credit Score
The Amazon Prime Rewards Visa Signature Card is intended for consumers who have fair or good credit. A FICO® Score of 640 or higher is recommended, although there have been reports of applicants with lower scores getting approved. Don’t forget that you need an Amazon Prime membership to apply. Given that Chase issues this credit card, you’ll also want to keep Chase’s 5/24 rule in mind, as you could be declined for opening too many credit cards.
The Amazon Prime Rewards Visa Signature Card Vs The Bank Of America Customized Cash Rewards Credit Card
If youre a big online shopper but you want as much rewards flexibility as you can get month-to-month, the Bank of America® Customized Cash Rewards credit card is one of the most versatile cash back cards on the market. Granted, its online shopping category rewards rate is 3 percent rather than 5 percent, but you can swap out your 3 percent category each month for five other choices that include dining, gas, travel and other everyday expenses. Youll also benefit from fixed 2 percent cash back categories that cover grocery stores and wholesale clubs. More interestingly, Bank of Americas online shopping category is one of the most comprehensive available, covering major retailers like Amazon.com and Walmart.com on top of a myriad of retailers and specialty sites like Etsy.com.
The downside is that the Bank of America Customized Cash cards 3 percent and 2 percent bonus categories share a $2,500 quarterly spending limit, which will drop all your spending to 1 percent cash back if you exceed it. The Bank of America cards better $200 cash rewards bonus , 15-billing cycle 0 percent intro APR on purchases and balance transfers and 13.99 percent to 23.99 percent variable APR may offset this hurdle, but the Amazon Prime card offers unlimited rewards. Its worth noting that, aside from rewards, the Prime card also has meatier benefits.
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Complimentary Purchase Protection Essential For Expensive Purchases
While this card is favored toward restaurant and U.S. supermarket purchases, the American Express® Gold Card also offers an exclusive purchase protection benefit. If you tend to buy expensive Amazon purchases, such as technology or furniture, youll want to protect your items from potential damage, loss or theft. By paying with your American Express® Gold Card, your purchase will be covered for up to 90 days from the date of purchase. This purchase protection is good for up to $10,000 per covered purchase, for up to $50,000 per calendar year with your American Express® Gold Card.
Although Amazon purchases only earn 1X Membership Rewards points with the Amex Gold card, youll want to consider the value of this complimentary purchase protection plan potentially saving you thousands of dollars on high-value items.
For rates and fees of American Express® Gold Card, please click here.
Amazon Prime Rewards Visa Features:
- Annual fee: $0, although an annual $119 Amazon Prime subscription is required
- : Good to excellent
- Rewards: Earn 5% cashback on Amazon.com and Whole Foods Market purchases, 2% cashback at restaurants, gas stations and drugstores, 1% cashback on all other qualifying purchases and a bonus of 10% to 25% on select Amazon merchandise
- Welcome offer: $100 Amazon gift card upon approval
- Purchase intro APR: 0% APR up to 18 months
- Balance transfer intro APR: N/A
- Standard APR: Variable APR of 14.24% to 22.24%
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The New Amazon Prime Visa Gives Users 5% Back
There are now technically two different Amazon Visa cards. Theres the , which is the old card in a slightly new form, and the , which is for card members with an Amazon Prime account.
As announced last week, the Amazon Prime Rewards Visa Signature now gives members with an eligible Prime account 5% back on every purchase at Amazon. For those card members without a Prime account, the rewards rate remains at 3%.