The benefits of having an Amazon store card are rewards of 5% back in rewards back (for Prime members), a $0 annual fee, $0 fraud liability and monthly reporting to the credit bureaus. New cardholders may also get a gift card as an initial bonus.
Amazon.com Store Card Benefits
Up to 5% back in rewards back in rewards on purchases
The Amazon.com Store Card credit limit will be based on your creditworthiness once your application has been approved. However, there's no surefire way of knowing your credit limit beforehand as the issuer does not disclose this information on their website.
Here’s what you should know about the Amazon.com Store Card credit limit:
There's no surefire way of knowing your Amazon.com Store Card credit limit before applying and getting approved.… read full answer
When determining credit limits, factors such as your debt-to-income ratio, repayment history and the length of your credit history will play a significant role.
If you are not happy with the Amazon.com Store Card credit limit you have received, you may request an increase right away. However, there’s no guarantee you’ll be approved.
You may also get an automatic credit limit increase if your account is in good standing for at least 12 months.
Ultimately, if you request or get an Amazon.com Store Card credit limit increase, these inquiries will result in a soft pull and won't affect your credit score as a result.
The credit score that you need for the Amazon.com Store Card is at least 640. That means people with fair credit or better have a shot at getting approved for this card. The better your credit score is, the higher your approval odds will be.
Other Amazon.com Store Card Approval Requirements
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Amazon.com Store Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status, and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Amazon.com Store Card credit score requirement. If you’d like to know where you stand, you can check your credit score for free, right here on WalletHub.
The Amazon.com Store Card annual fee is $0. The combination of no annual fee and great cash back rewards on Amazon purchases makes the Amazon.com Store Card a good option for Amazon Prime members.
Note that the card won't provide rewards unless you pay for an Amazon Prime membership. Amazon Prime will cost you $139 per year ($69 if you’re a student). The Amazon.com Store Card gives 5% back on Amazon.com purchases for Prime members. Those who don’t have the Prime membership will only earn $100 Amazon gift card upon approval.… read full answer
What you should know about the Amazon.com Store Card:
The Amazon.com Store Card can only be used to make purchases at Amazon and their affiliates. To get approved for this card, you need at least fair credit (a credit score of 640+).
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