Adam McCann, Financial Writer
@adam_mcan
The biggest pros of an Amazon Credit Card are its rewards (1 - 5 points per $1 on purchases) and $0 annual fee, which can save you a lot of money. On the other hand, the biggest cons are the card’s high APR and the fact that you need a Prime membership for the best reward rates. Though the Amazon Credit Card pros ultimately outweigh the cons, it’s still important to know about all the details before submitting an application.
Pros and Cons of an Amazon Credit Card
| Pros | Cons |
| Ongoing rewards: 1 - 5 points per $1 on purchases | A high APR of 18.74% - 27.49% (V), based on creditworthiness |
| Helps you build credit | Requires a Prime membership for the best rewards |
| Lets you make purchases without having the money upfront | Requires at least good credit for approval |
| $0 annual fee | Score-damaging hard credit pull when you apply |
| 0% foreign transaction fee | Small initial bonus if not a Prime member |
The Amazon Credit Card is a very good co-branded credit card overall, and it’s ideal for people who shop frequently with Amazon. People who don’t have the good credit needed to qualify can consider getting the Amazon Store Card or the Amazon Secured Credit Card instead.
These cards also help you build credit and are inexpensive to own, but they have most of the same cons as the Amazon Credit Card. And they can only be used at Amazon and select merchants that accept Amazon Pay.
Popular Credit Cards from Our Partners
People also ask
Is the Amazon.com Card a good first time credit card?
No, the Amazon Credit Card is not a good first-time credit card because it is only available to people with good credit or better. People who’ve never owned a credit card are unlikely to get approved unless they’ve built good credit through other means. There are plenty of good first-time credit cards on the market, though.
Best First-Time Credit Cards
- Details, Rates & Fees Overall:
- Details, Rates & Fees Overall:
- Overall:
- Details, Rates & Fees Students:
- Details, Rates & Fees Students:
- Students:
- Cash Back:
- Cash Back:
- Cash Back:
- Details, Rates & Fees Best Rewards:
- Details, Rates & Fees Best Rewards:
- Best Rewards:
- Rates & Fees No Credit Check:
- Rates & Fees No Credit Check:
- No Credit Check:
- Overall:
- Students:
- Cash Back:
- Best Rewards:
- No Credit Check:
You can learn more about the best first-time credit cards on WalletHub.
read full answer by Chip Lupo, Credit Card WriterDoes 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 Credit Card or the Amazon 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 Amazon 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.
...
read full answer by Adam McCann, Financial WriterHow much is the Amazon.com Credit Card annual fee?
The Amazon Credit Card annual fee is $0. Amazon Credit Card’s $0 annual fee is lower than the average annual fee among new credit card offers right now. It’s not the only fee you need to worry about with the Amazon Credit Card, though.
Amazon Credit Card Fees
- Annual Fee: $0
- Cash Advance Fee: 4% (min $5)
- Foreign Fee: 0%
- Balance Transfer Fee: 4% (min $5)
- Max Late Fee: $39
If you want to learn more, you can...
read full answer by Lisa Cahill, Credit Cards ModeratorDid we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.