Is the Amazon Store Card free? This question is about the Amazon.com Store Card

Is the Amazon Store Card free?

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This question is about the Amazon.com Store Card

Chip Lupo, Credit Card Writer

@CLoop • 08/12/21 This answer was first published on 08/12/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

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What is the Amazon store card credit score requirement?

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

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Does applying for an Amazon card hurt your credit?

Yes, applying for an Amazon card does hurt your credit score by a small amount. When you apply for either the Amazon.com Credit Card or the Amazon.com Store Card, you must authorize a hard pull of your credit, which will temporarily drop your credit score by 5 to 10 points. The same goes for the … read full answer Amazon.com Secured Credit Card, the Amazon Business American Express Card and the Amazon Business Prime American Express Card. This is typical, as almost every credit card on the market will require a hard pull for approval.

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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