The Amazon.com Store Card does not have a balance transfer fee. The reason the Amazon.com Store Card has no transfer fee is that it does not allow balance transfers at all, and that means you'll need to look for another credit card to help reduce the cost of existing debt.
The Amazon.com Store Card annual fee is $0. The fact that the Amazon Store Credit Card doesn't have an annual fee is good news because it helps you maximize your savings while building credit, though the card won't provide rewards unless you pay for an Amazon Prime membership. Amazon Prime will cost you $119 per year ($59 if you’re a student). The Amazon.com Store Card gives 5% back on Amazon.com purchases for Prime members.… read full answer
The store card can solely be used for Amazon.com purchases and only requires fair (640+) credit for approval.
Amazon Store Card Key Stats
A $10 Amazon.com Gift Card will be instantly loaded into your Amazon.com account upon the approval of your credit card application.
Amazon.com Store Cardholders who join Prime are automatically upgraded to the Amazon Prime Store Card.
Amazon Prime Store Cardholders can earn 5% back on Amazon.com purchases.
You can use the Amazon.com Credit Card anywhere Visa is accepted, which is virtually everywhere domestically and in over 200 countries around the world.
The Amazon.com Store Card can only be used to make purchases on Amazon.com and through select “Pay with Amazon” merchants. You can learn more from WalletHub's in-depth Amazon.com Store Card … read full answerreview.
There’s no hard-and-fast rule about how many balance transfers you can do. But individual issuers may have their own policies. For instance, you can request up to three balance transfers when applying for the BankAmericard® credit card. Your credit line will also limit the number of balance transfers you’re able to do. The total dollar amount that you can transfer to a credit card can’t exceed the credit limit you’re approved for. You won’t be able to transfer a $10,000 balance to a credit card with a $5,000 limit, for example.… read full answer
It’s also worth noting that even the best balance transfer credit cards offer money-saving terms only for a limited time. Zero percent transfer deals, and other low introductory APRs, expire after a certain number of months following account opening. And fairly high regular APRs tend to take their place. Some cards have promotional balance transfer fees, too, requiring you to transfer your balance within the first 60 days to maximize your savings. So you don’t want to space out your balance transfers too much because the longer you wait, the less you’re likely to save.
Finally, you can’t count on another 0% balance transfer credit card being available to bail you out at the end of your current card’s interest-free intro period. That means you should only transfer an amount that you can afford to pay off before regular rates kick in.
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