A score of 640 or higher is the credit score needed for the Amazon Store Card. The better your credit score is, the higher your approval odds will be. Keep in mind that they will also look at your income, past delinquencies (if any), credit utilization, employment status, etc. when making a decision on your application.
You will have a difficult time getting the Amazon Store Card with no credit history. According to the Amazon.com website, you will need the following minimum credit scores to have a likely chance of being approved: Excellent (720+); Good (680); and Fair (640).
When you have no credit history, that doesn’t necessarily mean you have a credit score of 0. It means that you’ve yet to establish a pattern of borrowing money and paying it back on time. Payment history is one of the key factors issuers consider before they extend credit to a borrower. If you don’t have at least fair credit, your options of landing any unsecured line of credit with favorable terms and benefits will be limited.… read full answer
The Amazon Store Card is as advertised. You can only use the card only for Amazon.com purchases. If you don’t pay your credit card bill in full, you’ll be charged interest at a 27.74% APR on any unpaid balance.
To get an Amazon.com Store Card, you will need to come up with a plan to establish credit and build a solid credit profile. You can open a secured credit card account. Cards such as the Capital One Mastercard and Discover Secured card require a minimum initial deposit of $200 to secure your credit limit. With several months of timely payments, you may be eligible for a credit limit increase, a refund of your security deposit, or a transition to an unsecured credit card.
You may also sign on as an authorized user on someone else’s credit card. This allows you to build your credit based on the primary cardholder’s credit history. Be careful, though, if you choose to become an authorized user. Should the primary cardholder’s credit profile take a nosedive, any negative activity will also show up on your credit report.
Once your credit history reaches a healthy level, you may be eligible for the Amazon Rewards Signature Visa card. It’s a co-branded store card that can be used for purchases outside of Amazon.com. You’ll need at least a minimum good credit score (680+) to qualify.
Just try to resist the temptation and avoid applying for too many credit cards is a short amount of time, especially if you’re just starting out with credit. Multiple inquiries on your credit report will shave a few points off your credit score and stall your efforts to build good credit.show less
Yes, the Amazon Store Card will do a hard pull. 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. A hard pull usually causes an applicant's credit score to drop by 5-10 points. Most people’s scores bounce back within 3-6 months with responsible credit management, but it can take up to 12 months. You can learn more about how to minimize the credit score damage … read full answerhere.
I got approved for the Amazon Prime Visa Signature card a couple of days ago with a 626 Experian score. I have a 2% utilization and a $35 balance on my file when approved. I think what helped was that I don't have any debt obligations like a mortgage or rent. (19-year-old college student living with parents) 5 inquiries on my credit report counting the Chase inquiry for the card. If you’re in a similar situation it might be worth applying for. Still could be a longshot. Also, $30k annual income currently.… read full answer
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