Sydney Garth, Credit Cards Moderator
@sydneygarth
The Amazon.com Store Card interest rate is 29.99% (V). The Amazon.com Store Card also offers new cardholders an introductory interest rate of 0% for 6 - 24 months on purchases. However, it includes a feature called “deferred interest” meaning that interest can retroactively apply to your entire original purchase amount if you pay your bill a day late or have a balance remaining at the end of the 0% period. The regular Amazon.com Store Card interest rate is variable, meaning it can change based on certain economic conditions.
The Amazon.com Store Card gives you a 23-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe. Should you decide to carry a balance on your Amazon.com Store Card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.
All Amazon.com Store Card interest rates will be listed on your statement and on your online account summary.
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