Does Applying For Amazon Card Hurt Credit?

What credit score is needed for an Amazon Prime visa?

(640+)You’ll only need a fair credit score (640+) to have a reasonable shot at getting the card.

The tradeoff is that unlike the Visa Signature card, which you can use anywhere Visa cards are accepted, the Amazon Store Card is limited to purchases on Amazon.com and at retailers that accept Amazon Pay..

What is the catch with Amazon credit card?

There is a small catch: The 5% cash back benefit, which also applies to Amazon.com purchases, is only available to active members of Amazon Prime, a subscription program that offers free two-day shipping, access to streaming video and music, and a variety of other Amazon-specific perks for $119 a year.

Is there a fee for Amazon credit card?

The Card. If you do a lot of shopping at Amazon and you’re in the market for a rewards card, this card has some attractive perks. … When you are approved for the card, Amazon will give you a $50 gift card. There is no annual fee, no foreign transaction fees, no earning cap, and your points never expire.

What are the benefits of an Amazon credit card?

Welcome bonus* $60. Amazon Gift Card instantly upon approval. … Rewards at Amazon and Whole Foods Market* 3% back. 5% back. … Rewards at restaurants, gas stations, and drugstores* 2% back. … Rewards on all other purchases* 1% back. … No annual credit card fee†No foreign transaction fees†Bonus rewards at Amazon* Up to 20% back.

How do I pay off my Amazon credit card?

Make a Payment on an Amazon Store Card or Amazon Credit Builder AccountHover over Payments at the top of the page, then scroll down and select View and Make Payments.In the first field, select Minimum Payment, Statement Balance (as of your last statement), Current Balance, or Other.More items…

Why did I get denied for an Amazon credit card?

Your Amazon Credit Card application can be denied for multiple reasons. Reasons that Chase, the issuer, might deny applicants include too little credit history or too low of a credit score, high amounts of debt, low income, a lot of recent credit inquiries, accounts in collections, or bankruptcy.

What happens to my Amazon credit card if I cancel Prime?

Canceling Prime while using an Amazon Prime Rewards card When your current membership expires, Amazon will bill the annual membership fee to your account automatically. … The card can still be used for Amazon purchases, however, and still provides access to special financing offers.

How do I know if I’m approved for Amazon credit card?

To check your Amazon credit card application status call the application status line at 888-338-2586. If your Amazon credit card application status is under review, that means your application has not yet been approved or denied. Don’t read too much into it, though.

Is it hard to get approved for an Amazon credit card?

You need only “fair” credit to get approved, and you can check your credit score for free on WalletHub to see if you’ll qualify. No annual fee (besides Prime dues). Whether you plan to use the Amazon.com Store Card for earning rewards or improving your credit score, not having to pay an annual fee is definitely a plus.

What are the odds of getting approved for Amazon credit card?

Amazon reports that you’re “more likely to be approved” for their Prime Rewards Siganture card with a score of 640 or higher. There are user reports of being approved with a score as low as 600. Ensuring your revolving balances are low and that you have less than six inquiries will help.

Can I use my Amazon credit card anywhere?

The Amazon Credit Card can be used anywhere Visa is accepted, which is virtually anywhere domestically and in over 150 countries around the world. The Amazon Store Card can only be used to make purchases on Amazon.com and through select “Pay with Amazon” merchants.

How do you qualify for a Amazon credit card?

You are more likely to be approved for this card if your credit score* meets the following minimum criteria:Excellent: Credit score above 720.Good: Credit score above 680.Fair: Credit score above 640.

Will applying for an Amazon credit card affect my credit score?

Getting the card will make your credit score drop slightly for a very short period of time, but assuming that you’re not getting a mortgage or a car loan in the next few months, it’s really nothing to worry about.

Is a Amazon credit card worth it?

The Amazon Prime Rewards card is undoubtedly worth it if you frequently order from Amazon — especially if you spend over $2,380 each year on the site or spend big on Amazon Prime Day. (Note, business owners may save even more with the Amazon Business Prime American Express Credit Card’s extra reward categories.)