Yes, the Amazon.com Store Card is free, as the card’s annual fee is $0. Not having an annual fee makes the Amazon.com Store Card an inexpensive option for customers with fair credit who are in the market for a store card to help build credit.
There is a 26.74% (V) APR on purchases, however. That means you need to pay the statement balance in full and on time every month in order to keep the Amazon.com Store Card free.
It’s also important to note that you’ll need an Amazon Prime membership to earn rewards on purchases with the Amazon.com Store Card. That obviously costs money, but the expense is not directly tied to the credit card.
The Amazon.com Store Card credit score requirement is at least 640; this means that you need at least fair credit to get Amazon.com 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 credit history, your income, and any debts you might have when making a decision on your application.… read full answer
The good news is that even though applying for an Amazon card will hurt your credit, the damage will be minor and won’t last long. Your score should bounce back after a few months of responsible credit use. You should strive to always pay on time, and in full if possible. It’s also best to use less than 30% of your credit limit.
Amazon Card Credit Score Requirements
It’s important to make sure you don’t waste a hard credit pull when you apply for an Amazon credit card. You should only apply when your approval odds are high. You will need at least good credit for the Amazon.com Credit Card, which you can use anywhere. But you only need good credit for the Amazon.com Store Card, which can only be used at Amazon and select merchants that take Amazon Pay.
If you have bad credit, you can apply for the Amazon.com Secured Credit Card. And if you’re a business owner with good, you can get either of the business credit cards.
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