Saturday, August 13, 2022

What Credit Score Is Needed For Amazon Prime Visa Card

Don't Miss

Quick Answer: What Credit Score Do I Need For Amazon Credit Card

AMAZON CREDIT CARD REVIEW! (Amazon Prime Rewards Visa Signature Card Review!)

You must have a good credit scoreat least 670to be considered for either of the co-branded Amazon Signature Visa cards. Amazon also offers two store cards, but these cards are not credit cards. The cards are used for purchases on Amazon.com but eligible for use in Whole Foods markets.

Is The Amazon Prime Rewards Visa Signature Card Worth It

For existing Prime customers, the Amazon Prime Rewards Visa Signature Card could help you save big. Although there’s $0 annual fee, think of the $119 Prime membership cost as part of the requirement to open this card. Still, only frequent Amazon or Whole Foods shoppers should consider this card above other options, as other cashback cards can help you earn bonus rewards on a wider variety of purchases.

Is The Amazon Prime Rewards Visa Credit Card Good For Travel

You wont earn bonus points for travel purchases, but the Amazon Prime Rewards card does come with Visa Signature travel perks. They include complimentary concierge services for help with travel, priority access and special rates at Luxury Hotel Collection properties, lost or delayed baggage coverage, no foreign transaction fees and travel/emergency assistance.

Also Check: How Long Does A Repossession Stay On Your Credit Report

Don’t Miss: Does Cabelas Accept Apple Pay

Amazon Prime Rewards Visa Signature Card Review: Should You Get It

For Amazon Prime members, there’s a lot to love about the Amazon Prime Rewards Visa Signature Card, which comes with a 5% rewards rate that’s hard to beat.

Advertiser Disclosure

Advertiser Disclosure: ValuePenguin is an advertising-supported comparison service which receives compensation from some of the financial providers whose offers appear on our site. This compensation from our advertising partners may impact how and where products appear on our site . To provide more complete comparisons, the site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products.

Editorial Note: The content of this article is based on the authors opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Citi is an advertising partner

  • Unlimited 5% back on all Amazon.com purchases
  • $0 annual fee

Purchase And Extended Warranty Protections

Latest Amazon Prime perk is 5% awards back credit card

These two purchase protection benefits provide some peace of mind when you come across a good deal, but youre worried about iffy merchants or shipping damage. The extended warranty protection increases eligible warranties by a whole year. Meanwhile, your purchase protection covers new purchases against damage or theft up to $500 per claim .

As an online shopping card with Visa Signature benefits, its surprising that the Amazon Prime Rewards card doesnt come with price and return protection too. Its a bit disappointing that you cant get your money back if a sketchy seller doesnt offer returns, but return protection is a rarer perk nowadays.

Also Check: My Best Buy Card Citi

But Is Your Credit Score Good Enough To Qualify What Credit Score Do You Need To Get The Amazon Visa

There is no guaranteed answer to this question. But, using a combination of our own knowledge of Amazon and Chase practices , plus a bunch of data points weve hunted down from around the Web, we can make an educated declaration:

  • In general, customers with a 650 or better credit score will be approved for the Amazon Visa. However, we have seen reports of approvals as low as 600, and some denials at scores between 650 and 725. Obviously your odds increase with a higher score. However, remember that your credit score is not the only factor in approving or denying your application. Many credit card companies will pay special attention to the length of your credit history, your current debt, your current income, and how many other credit cards or loans youve recently opened. Thats why there is no guarantee when it comes to a minimum credit score for approval.

Whats To Like About The Amazon Secured Card

This card offers a way to rebuild your credit with no annual fee and few other fees. And although its a store card thats not part of a larger payment network, Amazon is one of the largest stores in the world, with a selection of over 100 million items.

Better yet, Prime members are able to receive 5% back by using an Amazon Prime Store Card, including this secured card version. Prime members can choose a promotional financing option instead of receiving 5% back on their purchases.

Most important, you can qualify for this card with bad credit, and balance and payment information will be reported to the major consumer credit bureaus to help get your credit score back on track. This option helps customers rebuild their credit when they arent able to qualify for a standard, unsecured credit card.

Also Check: Fingerhut Guitars

Don’t Miss: Remove Credit Card From Play Store

Is The Card For You

This card makes absolute sense for you if you are an Amazon Prime Member and/or Whole Foods enthusiast. While other cards such as the Discover it or Chase Freedom may offer cash back category bonuses on groceries or quarterly bonuses on Amazon purchases, its hard to find a card that offers a higher return rate on both.

Chances are that if you shop Amazon frequently, you already pay the $119 Amazon Prime membership fee so the card effectively has no annual fee. That said, dont hold a balance on this card as it charges a higher interest rate than many other cards available. If you do need to carry a balance on your card, consider a card thats best for 0% APReither on purchases or on balance transfers. As long as you pay your bill in full every month, you will come out ahead with the Amazon Prime Rewards card.

To view rates and fees of the Blue Cash Preferred® Card from American Express, please visitthis page.

To view rates and fees of the American Express® Gold Card, please visitthis page.

Read Also: Paypal Credit Hard Pull

How To Use The Amazon Prime Rewards Visa Signature Card:

Amazon Visa vs. Amazon Store Card (Amazon Prime Rewards Visa vs. Amazon Prime Store Credit Card)
  • Sign up for an Amazon Prime membership to apply for the card.
  • Use the Prime card for all your Amazon and Whole Foods purchases to earn the 5% bonus rate and take advantage of the purchase protections.
  • Use your points at checkout on Amazon you can instantly apply them with no minimum points required.
  • You can use this card when you travel in foreign countries or shop on foreign sites without racking up foreign transaction fees.
  • Use an online shopping portal such as eBates to stack up extra cash back on your Amazon purchases .

Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners.

All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the banks website for the most current information.

Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. It is not our partners responsibility to ensure all posts or questions are answered.

As seen on:

Recommended Reading: Refer A Friend Rapid Rewards

What Credit Score Is Needed For A Target Card

The Target Credit Card credit score requirement is 640 or better. That means youll need a fair credit score. The Target Credit Card is a store card, and just about all store credit cards require fair credit. But because its a store credit card, it can only be used to make Target purchases, in-store and online.

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. Dont forget that you need an Amazon Prime membership to apply. Given that Chase issues this credit card, youll also want to keep Chases 5/24 rule in mind, as you could be declined for opening too many credit cards.

Also Check:

You May Like: Cabela’s Club Visa Interest Rate

Is Amazon Credit Card A Hard Inquiry

Yes, the Amazon Store Card will do a hard pull, also known as a hard inquiry, which may cause your credit score to temporarily go down a few points. You will need a credit score of at least 640 to get it, which is on par with what most store cards require. There is no way to pre-qualify for the Amazon Store Card.

Great For High Spenders

Learn How to Get an Amazon Credit Card Online  Prime ...

If youre a high spender, take advantage of its current sign-up bonus: Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel. You can not only redeem these miles for travel but for everyday purchases. You can erase your Amazon purchases using your Capital One miles, making your rewards extremely valuable for various needs.

Also Check: Does Paypal Credit Affect Credit Score

Read Also: My Best Buy Credit Card Review

Amazon Prime Rewards Visa Pros:

  • No annual fee

  • Instant $100 Amazon gift card bonus at approval

  • Open-loop — unlike many store-brand cards, it can be used everywhere Visa is accepted

  • 5% cashback on Amazon and Whole Foods purchases

  • An extra 10% to 25% back on select Amazon purchases

  • 2% cashback at restaurants, gas stations and drug stores and 1% everywhere else

  • Cash-back points can be applied to Amazon purchases, travel and gift cards

  • Travel perks include no foreign transaction fees and Visa Signature benefits such as travel insurance, luggage protection and concierge services

Alternatives To The Amazon Prime Rewards Visa Signature Card

If youre looking for the , you cant do much better than the Amazon Prime card. Still, if youre not prepared to spring for Prime membership, and youre looking for a good alternative to the Prime card, you have a few other good options:

  • 3% back on Amazon and Whole Foods purchases
  • 2% back on gas station, restaurant and drugstore purchases
  • 1% back on other purchases
Rewards rate

  • 5% back on rotating quarterly categories, up to $1,500 in purchases per quarter upon enrollment, 1% thereafter
  • 1% on other purchases
  • Amazon.com is a bonus category for Q4 of 2021
Rewards rate

  • 5% cash back on grocery store purchases on up to $12,000 spent in the first year
  • 5% cash back on Lyft purchases
  • 5% cash back on travel through Chase Ultimate Rewards
  • 3% cash back at restaurants and on drugstore purchases
  • 1.5% cash back on all other purchases
Sign-up bonus

  • $50 Amazon.com gift card when youre approved
Sign-up bonus

  • Matches all your cash back in the first year
Sign-up bonus

  • $200 cash back after you spend $500 in the first three months
Annual fee
  • No foreign transaction fee
Other things to know

  • You can transfer points to the certain Chase cards and redeem them for travel through Chase Ultimate Rewards for a 25-50% redemption bonus or transferred to other travel programs

Also Check: Can I Pay My Bestbuy Credit Card At The Store

Amazon Prime Rewards Visa Signature Card Vs Citi Double Cash Card 18 Month Bt Offer

The Citi® Double Cash Card 18 month BT offer is one of the few credit cards that lets you Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. This applies regardless of where you shop meaning you’ll earn 2% back whether you’re shopping on Amazon.com or purchasing movie tickets.

While the Citi® Double Cash Card 18 month BT offer doesnt give you the same 5% reward on Amazon purchases that you can get with the Amazon Prime Rewards Visa Signature Card, the unlimited 2% rate takes the guesswork out of earning rewards. Unfortunately, though, the Citi® Double Cash Card 18 month BT offer comes with no welcome offer whatsoever.

If Amazon.com makes up a large chunk of your total purchases, the Amazon Prime Rewards Visa Signature Card is the better deal. However, if your spending is more varied, go with the Citi® Double Cash Card 18 month BT offer instead.

Add Another Card To Compare

Best Amazon Prime Subscriptions And Amazon Secured Credit Card To Increase Credit Score 100pts.

Product rates and fees may vary across different regions.Your region is currently set to }

Product rates and fees may vary across different regions.Your region is currently set to }

Product rates and fees may vary across different regions.We noticed youre outside of Canada right now. Based on your last visit with us, your region is set to }

Product rates and fees may vary across different regions.Your region is currently set to }

Product rates and fees may vary across different regions.Your region is currently set to }

Product rates and fees may vary across different regions.We noticed youre outside of Canada right now. Based on your last visit with us, your region is set to }

Also Check: What Credit Score Does Carmax Use

Recommended Reading: Elan Financial Fargo Nd

What Is The Difference Between The Amazon Store Card And Amazon Visa

The Amazon store cards can be used only for Amazon purchases, whereas the Amazon Visa cards can be used anywhere Visa cards are accepted. In addition, the Amazon Visa cards have more benefits than the Amazon store cards, including different types of travel insurance and purchase protections. However, its likely easier to qualify for the Amazon store cards because they have less strict requirements.

Does Amazon Prime Store Card Build Credit

If you have an Amazon Prime membership, then you can receive the Amazon Prime Store Card Credit Builder, which offers you 5% back on all purchases or a promotional financing offer. And with responsible use, the card will add to your positive credit information and you could see your credit score climb.

Also Check: Bb& t Visa Gift Card Balance

Amazon Prime Rewards Visa Signature Card Vs Chase Freedom Flex

The Chase Freedom Flex is a competing cashback card that may be better suited for those who don’t shop exclusively at Amazon. Its sign-up bonus offers the chance to 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.

You’ll Earn 5% cash back on eligible purchases in rotating categories, 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases. Here is 2021’s cashback calendar:

  • Grocery Stores
  • Select streaming services
  • Walmart and PayPal

Note that the 5% bonus is only eligible for up to $1,500 in purchases per quarter. If you’re fine with earning 5% back on Amazon.com during just a few months, the Chase Freedom Flex may be a better option than the Amazon Prime Rewards Visa Signature Card. If you prefer a more predictable reward structure where the categories never change, the Amazon Prime Rewards Visa Signature Card is the better choice.

Amazon Prime Rewards Visa Features:

Amazon Prime Rewards Credit Card 2020 Review
  • 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%

Read Also: Apply For Cabelas Credit Card

Adding It All Up: Is Prime Really Worth It

When we add up all the free services that come with Prime membership, the answer, by an overwhelming number, is: Yes maybe. Actually it depends on which of the free services you value and make use of.

In the table below, you can see all our estimated values added together the total is nearly nine times the cost of a $119 Prime membership:

Recommended Reading: How Bad Is A 500 Credit Score

Does Amazon Do A Hard Credit Check

they will usually do a hard check for credit, criminal records, and other similar perusals to ensure that the employee their hiring is a reliable and safe hire.

However, Amazon does not generally do in-depth credit checks for their customers or sellers unless they require more information about their identity, or if they are dealing with a fraudulent case.

Therefore, customers who are applying for an Amazon Prime Visa are recommended to keep their personal information on Amazon up to date in order to prevent an unnecessary delay in their application process.

Additionally, potential staff members of Amazon should be aware of the types of credit and background checks Amazon conducts in order to be prepared for any uncovered information.

Don’t Miss: First Premier Bank Platinum Credit Card

More articles

Popular Articles