Learn how to apply for the Amazon Store Card

How to Apply for the Amazon Store Card Credit Card

If you’re interested in the Amazon Store Card credit card and want to start earning rewards when you shop at Amazon, here’s what you should do.

First, make sure you have an Amazon Prime membership to take full advantage of the perks, such as the 5% cash back. If you frequently purchase household goods or more expensive items like electronics or video games from Amazon, this card is a no-brainer.

When you apply for the Amazon Store Card and get approved, you’ll receive a $10 gift card. Additionally, instead of the 5% cash back, you have the option to choose a payment plan for certain purchases over $150. However, be cautious and ensure you can make your payments on time to avoid any financial problems.

One important thing to consider is the concept of deferred interest. This refers to interest that is silently being calculated in the background but is suspended, or deferred, until later. If you have a balance remaining after the interest-free period ends, you’ll have to pay all the accumulated interest. To prevent this, make sure you can pay off the purchase before the 0% interest period expires.

Who Can Apply for the Amazon Store Card?

The Amazon Store Card is suitable for anyone who frequently shops at Amazon, especially those with Amazon Prime memberships. You’ll have good approval odds if your credit score is above 650.

How to Apply

Visit Amazon’s website to see the card’s credit terms and check if you prequalify. The prequalification process doesn’t affect your credit bureau score.

If you’re prequalified, you can submit your credit card application without providing any additional information. Keep in mind that this may impact your credit bureau score.

Is the Amazon Store Card Worth It?

Getting 5% cash back on frequent Amazon purchases is definitely a great benefit. However, it’s important to note that you need an Amazon Prime membership to enjoy this and other rewards. If you don’t have a Prime membership yet, it might be worth considering getting one.

Amazon Store Card vs Indigo Platinum Mastercard

If you’re looking for a credit card more focused on building or rebuilding credit, consider the Indigo Platinum Mastercard. Here are some of its benefits:

Amazon Store Card Pros:

• 5% cash back for Prime members.
• $0 fraud liability on unauthorized charges.
• $0 annual fee.
• Promotional financing offers.

Indigo Platinum Mastercard Pros:

• Card activity reported to credit agencies.
• No security deposit required.
• $0 annual fee option for qualifying individuals.
• 1% foreign transaction fee (lower than average for similar cards).
• Easy to qualify.

Written by

Claire Harrison