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How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Advertising Disclosure
LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
Advertising Disclosure
LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
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American Express Disclosure
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.
American Express Disclosure
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.
Julie Sherrier
Glen Luke Flanagan
Published: April 3, 2023
Rewards
Prime cardholders can earn 5% back at Amazon.com
Sign-up Bonus
$60 Amazon Gift Card upon approval
Promotional Financing
Take advantage of equal monthly payments or special financing options on qualifying purchases.
Julie Sherrier
Glen Luke Flanagan
Published: April 3, 2023
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.
Who is the Amazon Prime Store Card best for?
If you’re a Prime member who has a seemingly never-ending series of Amazon deliveries en route to your house, chances are you can benefit from the Amazon Prime Store Card. That’s because the card offers a very generous rewards rate: Prime cardholders can earn 5% back at Amazon.com
In lieu of rewards, you can also opt for special financing on purchases of $150 or more. But beware — this option can lead to pricey interest charges if you’re unable to pay the balance in full within the promotional period.
Overall, we mainly recommend the Amazon Prime Store Card if you choose to earn rewards over the special financing option, and if you intend to pay your balance in full each month. But if you plan to carry a balance from month to month and want more flexibility in where you can earn and use your rewards, a cash back card like the Bank of America® Customized Cash Rewards credit card may be a better alternative.
The information related to the Amazon Prime Store Card, the Prime Visa and the Amazon Secured Card has been independently collected by LendingTree and has not been reviewed or provided by the issuers of these cards prior to publication.
Pros and cons
- Generous cashback rate
- Offers an easy-to-earn sign-up bonus
- Promotional financing options available
- $0 annual fee
- Can’t earn cash back without Prime membership
- Deferred interest applies on promotional financing
- High interest rate
- Can only be used for Amazon purchases
Amazon Prime Store Card overview
- $60 Amazon Gift Card upon approval.
- No annual fee
- 0% APR financing
N/A
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- Zero-fraud liability means you’re protected against unauthorized charges
- Ability to see if you prequalify without affecting your credit
- Promotional financing options available on purchases of $150 or more
Intro Purchase APR
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Intro BT APR
N/A
Regular BT APR
N/A
Annual Fee
$0
Cash Advance Fee
N/A
Foreign Transaction Fee
N/A
Balance Transfer Fee
N/A
What we like about the Amazon Prime Store Card
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Earns generous cash back for Prime members
Prime cardholders can earn 5% back at Amazon.com when using the Amazon Prime Store Card. You can redeem that cash back toward eligible Amazon purchases or as a statement credit to your card.
Note, however, that if you opt for special financing, you can’t earn cash back on those purchases.
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Get an Amazon gift card upon approval
The Amazon Prime Store Card makes it easy to earn its sign-up bonus. Get a $60 Amazon Gift Card upon approval.
While there are definitely cash back cards available that offer much more lucrative sign-up bonuses, be aware that they often require you to spend $3,000 in the first three months of card membership to earn the bonus.
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There are options for promotional financing
On purchases of $150 or more, you’ll have a chance to choose between earning 5% cash back (if you have a Prime membership) or taking advantage of promotional financing. Amazon offers two types of promotional financing — special financing and equal payments.
With special financing on purchases, you’ll have six, 12 or 24 months — depending on the purchase amount — to pay off your item. If you pay it off within that period, you won’t be charged interest.
For equal payments financing, you’ll also have six, 12 or 24 months — again, depending on purchase amount — to make set monthly payments. If you pay it off as planned, you won’t accrue interest.
However, the special financing option involves what’s called deferred interest, and this can be dangerous. If you don’t pay off the full purchase amount within the promotional financing period, you will be hit with interest from the original date of purchase.
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Charges no annual fee
When you combine the chance to earn cash back at a generous rate with a $0 annual fee, you have a winner. However, you’ll need an Amazon Prime membership, which costs $139 for an annual plan (or $69 if you’re a college student). It will take $2,380 in spending on purchases that earn 5% cash back to recoup that membership cost (or $1,180 in spending to recoup the student plan amount).
What to watch out for with the Amazon Prime Store Card
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You won't earn cash back without a Prime membership
If you don’t have an Amazon Prime membership, you’ll only qualify for the Amazon.com Store Card, which doesn’t earn cash back (though it does offer the same promotional financing options as the Amazon Prime Store Card).
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Beware of the risk of deferred interest
If you decide to use special financing with the Amazon Prime Store Card (available when making a purchase of $150 or more), you should know it involves deferred interest. Unlike a 0% intro APR period, financing with deferred interest means you’ll be hit with interest charges from the date of purchase if you don’t pay off the full amount within the promotional period.
That’s likely to be quite expensive, especially with this card’s high 29.99% APR. If you still decide you want to make use of a special financing period, make sure you know exactly when it ends so there’s no doubt about when you need to have paid off the entire purchase — and don’t assume the minimum monthly payments will be enough to pay off your purchase in full.
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The card comes with a very high APR
The Amazon Prime Store Card has a 29.99% APR. If you roll over a balance from month to month, you’re sure to see some pricey interest charges. But if you manage to pay off your card in full every billing cycle, you can avoid interest charges altogether.
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You can only use this card for Amazon purchases
This shouldn’t be a surprise, because the Amazon Prime Store Card is a store card, but you can only use it for Amazon shopping (including Audible and comiXology). If you need a credit card you can use elsewhere, this isn’t it. Consider the Prime Visa instead.
The Prime Visa also comes with many more benefits than the Amazon Prime Store Card, such as extended warranty protection, purchase protection, lost luggage reimbursem*nt and baggage delay insurance.
Alternate card for online shopping
Compare it to the Bank of America® Customized Cash Rewards credit card
How Does LendingTree Get Paid? LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
Bank of America® Customized Cash Rewards credit card
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Bank of America® Customized Cash Rewards credit card
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0% Intro APR for 18 billing cycles for purchases
17.74% - 27.74% Variable APR
$0
3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
- If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
- No annual fee and no expiration on rewards.
- 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 17.74% - 27.74% Variable APR will apply. A 3% fee applies to all balance transfers.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
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How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
If you’re looking for a card that offers more flexibility than the Amazon Prime Store Card, the Bank of America® Customized Cash Rewards credit card has it in spades. For one thing, this is not a store card, meaning you can use it in places where you can’t use the Amazon Prime Store Card. For another, the Bank of America® Customized Cash Rewards credit card comes with a unique rewards structure where you pick your 3% category (and can change your selection as frequently as every month).
You’ll earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases. For the 3% category, you can choose from gas, online shopping, dining, travel, drug stores and home improvement/furnishings. Merchants in the online shopping category include Amazon, as well as the Apple App Store (and iTunes), Etsy, Target.com and Walmart.com.
The 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases also offers a solid sign-up bonus, which lets you earn a $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. Spending about $333.33 per month for three months should get you there.
The annual fee to carry the Bank of America® Customized Cash Rewards credit card is $0.
Last but not least, the Bank of America® Customized Cash Rewards credit card comes with solid intro APR periods on purchases and balance transfers. Enjoy a 0% Intro APR for 18 billing cycles for purchases. After, a 17.74% - 27.74% Variable APR applies.
If you’ve got existing debt on another high-interest credit card, you can transfer it to this one and take advantage of a 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days. After, a 17.74% - 27.74% Variable APR on balance transfers applies. The balance transfer fee is reasonable at 3% of the amount of each transaction.
Compare the Amazon Prime Store Card to similar cards
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| Amazon Prime Store Card | Bank of America® Customized Cash Rewards credit card | Prime Visa | Amazon Secured Card |
|---|---|---|---|
| 0 Reviews | 0 Reviews | 0 Reviews | 0 Reviews |
| Read Review | Apply Now on Bank Of America's secure site | Read Review | Review Coming Soon |
| Rewards Rate | |||
| Prime cardholders can earn 5% back at Amazon.com | 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases | Earn 5% back at Amazon.com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases with an eligible Prime membership, 2% back at gas stations, restaurants, and on local transit and commuting (including rideshare), and 1% back on all other purchases. | 2% back at Amazon.com, Amazon Fresh and more, with an eligible Prime membership |
| Welcome Offer | |||
| $60 Amazon Gift Card upon approval | $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening | Get a $150 Amazon Gift Card instantly upon approval and earn 5% back everywhere on up to $2,500 in spending for the first 3 months after account opening ($125 value).* Eligible Prime membership required. | N/A |
| Annual Fee | |||
| $0 | $0 | $0 | $0 |
| Regular APR | |||
| 29.99% | 17.74% - 27.74% Variable APR | 18.99%–26.99% variable APR | 10.00% non-variable |
| Card Details | |||
| Amazon Prime Store Card | Bank of America® Customized Cash Rewards credit card | Prime Visa | Additional card details unavailable |
Is the Amazon Prime Store Card right for you?
If you already have an Amazon Prime membership, and you aren’t looking for a card you can use outside of Amazon, the Amazon Prime Store Card offers a chance to earn cash back at a great rate for a $0 annual fee. And if you need time to pay off a big purchase, the promotional financing offers on this card can help (just make sure to pay off the purchase in full within the promotional period to avoid deferred interest).
However, if you’re looking for a card that can still reward your online shopping while offering more flexibility, consider the Bank of America® Customized Cash Rewards credit card or the Prime Visa rather than the Amazon Prime Store Card.
Meanwhile, consumers looking to establish credit or improve their credit score would likely be better served by the Amazon Secured Card (which requires a security deposit in the amount of your desired credit limit).
The information related to the Bank of America® Customized Cash Rewards credit card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.
The information related to the Amazon Prime Store Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.
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