Frankie Solomon, WalletHub Analyst
@frankie.solo
The only secured credit card issued by Synchrony Bank is the Amazon Secured Credit Card. This card can be used for purchases on Amazon.com, at physical stores owned by Amazon (such as Whole Foods), and other merchants that offer Amazon Pay as a payment option. The Amazon Secured Credit Card also reports account information to the major credit bureaus, which can help you build credit.
The Amazon Secured Credit Card requires a minimum deposit of $100, which will be refunded by the issuer if your card is upgraded to the Amazon Store Card or if you close your account after paying off your balance.
The Amazon Secured Credit Card has an annual fee of $0 and offers up to 2% back in rewards with an eligible Prime membership.
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People also ask
How do I apply for Amazon Secured Credit Card?
The only way to apply for the Amazon Secured Credit Card is online, and you can get to the online application by clicking the "Learn More" button on WalletHub or by going directly to Synchrony Bank's website.
Keep in mind that the Amazon Secured Credit Card is available to people with bad credit. Also note that applying for the card triggers a hard inquiry, which may temporarily hurt your credit score. So, it’s good to know what your chances are before...
read full answer by Maria Adams, Credit Cards ModeratorCan I use my Amazon Secured Credit Card instantly after approval?
Yes, you can use your Amazon Secured Credit Card instantly after approval. Once you’re approved, you’ll be asked to fund the card’s security deposit (min. $100). After that, your Amazon Secured Credit Card will be added to your Amazon account, so that you can use it to pay for your purchase right away.
It’s worth noting that the physical Amazon Secured Credit Card will be delivered to you at the address on file in 7-10 business days after approval. Contact customer service at...
read full answer by John Miller, Credit Cards ModeratorHow can I graduate to a better offer from the Amazon Secured card?
It is possible to graduate to a better offer from the Amazon Secured Credit Card if you use the card responsibly for at least 12 months. More specifically, the issuer may graduate your card to the Amazon Store Card if your account history shows on-time payments and a low credit utilization. Your overall creditworthiness will also be taken into account.
When your secured card graduates to an unsecured card, your credit line no longer needs to be secured with...
read full answer by Maria Adams, Credit Cards ModeratorDid we answer your question?
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Just so you know the Secured Amazon Store Credit Card issued through Synchrony Bank is not currently available and has been discontinued. I called Synchrony Bank and the customer service agent informed me they are not sure at this time if they are bringing it back.