Amazon Store Cards vs. Amazon Visa Credit Cards | Bankrate (2024)

FAQs

Is the Amazon store card the same as the visa? ›

The Amazon store cards can be used only for Amazon purchases, whereas the Amazon Visa cards can be used anywhere Visa cards are accepted. In addition, the Amazon Visa cards have more benefits than the Amazon store cards, including different types of travel insurance and purchase protections.

The Amazon.com Credit Card has an APR of 18.99% - 26.99% (V) (based on creditworthiness), while the Amazon.com Store Card's regular APR is 29.99% (V). The Amazon.com Store Card offers 0% financing for 6 - 24 months, depending on what you buy and how much it costs.

The Amazon.com Store Card works like any other credit card. That means you can make purchases on the card, and you can pay your balance either in full, or over time. The difference is that the Amazon.com Store Card can only be used to make purchases on Amazon.com and certain Amazon-affiliated markets.

Store Cards Work Like a Credit Card, With One Exception

As you pay down your balance, your available credit increases and can charge additional purchases up to your credit limit. The only difference: While a credit card can be used anywhere, a store card can usually only be used at the specific store.

5% back or 3% back at Amazon.com, Whole Foods Markets and the participating Amazon stores and sites: You'll earn 5% back with an eligible Prime membership or 3% back without an eligible Prime membership for each $1 of eligible purchases made using your card account at Amazon.com (including digital downloads, Amazon.com ...

Typically, you can qualify for Synchrony's Amazon store cards with a fair credit score (580 to 669). On the other hand, you'll likely need at least a good credit score (670 to 739) to qualify for one of the Amazon Visa cards from Chase.

The Amazon Prime Store Card is helpful for people who frequently shop online. The card is issued by Synchrony Bank and offers 5% back on all purchases. The card can only be used on Amazon purchases, and it has promotional no-interest financing available for big-ticket items.

The Amazon.com Credit Card credit score requirement is 700 or better. That means people with at least good credit have a shot at getting approved for this card. The Amazon.com Store Card, on the other hand, requires a 640+ credit score (fair credit).

The Amazon.com Store Card requirements for approval include having a credit score of at least 640 (fair credit), and enough income to make monthly minimum payments. Plus, applicants must be at least 18 years old with a valid Social Security number or Individual Taxpayer Identification number.

What is one disadvantage of using store cards? ›

Store credit cards often have a lower credit limit than other credit cards. If you carry a balance, this can harm your credit score. For example, if your credit limit is $2,000 and you're carrying a $2,000 balance, your credit utilization will be 100%, which is well above the recommended 30%.

The Amazon Secured Card and Amazon Prime Secured Card, issued by Synchrony Bank, are unique credit cards each with two sets of features – the Secured Card features and the Store Card features.

The Amazon Credit Card can be used at Walmart. But that applies only if you have the Visa version of the Amazon Credit Card (you can find the Visa logo on its front). And it's not only Walmart, it's pretty much any merchant, anywhere in the world.

The Amazon.com Store Card annual fee is $0, making it free to use if you pay your balance in full and on time every month. The combination of no annual fee and great cash back rewards on Amazon purchases makes the Amazon.com Store Card a good option for Amazon Prime members.

Retail credit cards are generally easier credit cards to get and may come with points, coupons or other perks from the retailer. The tradeoff is that these cards usually have higher APRs and lower credit limits than many unsecured credit cards offered by major credit card companies.

Pros of store credit cards

Earn rewards: If you love a particular retailer and buy from them all the time, using their store card may get you better rewards than a general rewards credit card. Bonus offers: Some store cards throw in extra bonuses such as special coupons, free alterations and invitation-only events.

If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.

Amazon had announced in November last year that it would no longer accept Visa credit cards as payment from 19 January 2022 and blamed the move on Visa's card fees.

The card can be used anywhere that accepts Visa. It offers 5% cashback on all items purchased on Amazon and at Whole Foods markets. Newcomers get a $200 Amazon Gift Card instantly upon credit card approval. 2 Cardholders may also select a card design featuring either Amazon or Whole Foods.

Is there a monthly fee for Amazon Visa card? ›

The rates and fees for the Amazon Prime Rewards card are standard, but the “no annual fee” comes with an important footnote. You must have an Amazon Prime membership to get the card, which is currently $14.99 per month or $139 each year (if you opt to pay for a whole year at once).

Yes, the Amazon Store Card will do a hard pull, also known as a hard inquiry, which may cause your credit score to temporarily go down a few points. You will need a credit score of at least 640 to get it, which is on par with what most store cards require. There is no way to pre-qualify for the Amazon Store Card.

The Amazon Prime Rewards Visa Signature Card is issued by Chase and is "open loop," meaning it's accepted anywhere that takes Visa, not just at Amazon. The annual fee is $0, but to get it you must be an Amazon Prime member.

Evelyn Boros, Credit Cards Moderator

Yes, the Amazon.com Store Card does affect your credit score, but the exact impact depends on how you use the card. If you make payments on time and keep your credit utilization low, your score should increase, but it will decrease if you don't.

To view your Amazon.com Gift Card balance: Go to Your Account. Select Gift cards and view the balance on any of your Amazon.com Gift Cards.

Once approved for an Amazon Secured Card account, you will only be able to access the Secured Card features which requires you to make a security deposit to open your account. Your credit limit will equal to the amount of the security deposit.

Proceed to checkout through your Shopping Cart. Select your Amazon Store Card or Amazon Secured Card as the payment method. Select your desired special financing or equal monthly payments offer for your order. Once your desired financing offer is selected, complete your checkout.

Yes, you can get approved for an Amazon credit card with bad credit. The Amazon credit card for people with bad credit is the Amazon.com Secured Credit Card, which has a $0 annual fee, reports to the major credit bureaus each month, and does not have a minimum credit score requirement.

You need a credit score of 640 or higher to qualify for a Capital One Walmart Rewards® Mastercard®. This implies that those with average to exceptional credit are more likely to get approved for the Walmart Credit Card.

You will need a minimum Cibil Score of 750 and above to apply for the Amazon Pay ICICI Credit Card.

Do Amazon store cards have a limit? ›

No, the Amazon.com Store Card doesn't have a daily credit limit. You can, however, set a daily spending limit for your card by signing in to your online banking account. If you reach your set daily limit, the issuer won't allow further charges to your account until the following day.

When you apply for an Amazon Rewards card through Chase, the lender conducts a credit check, also known as a hard inquiry. Unlike soft inquiries, such as viewing your own credit report, which doesn't affect your credit score, hard inquiries usually cause your credit score to drop slightly.

The rates on a store credit card tend to be much higher than those associated with traditional credit cards. If you aren't careful, you could end up paying a lot of interest. Con #2: They can harm your credit score.

If you choose to apply for a store card, the issuer will always perform a hard pull of your credit report. A hard pull will likely cause a small drop in your credit score, but it should bounce back quickly.

Yes, store credit cards can help you build credit if you use them wisely. Store credit cards report your payment history to credit bureaus monthly. If you pay your credit card bill on time and stay within your credit limit, a store credit card can go a long way in building or rebuilding your credit.

The business model that Amazon religiously follows has destroyed hundreds of thousands of American jobs in various industries, including bookstores, department stores, consumer electronics, toy stores, and many others. As large retailers such as JC Penny and Sears closed down stores, they laid off thousands of workers.

Prime members will get the Amazon Prime Store Card. If you're not a Prime member, you'll get the standard version of the card, which offers no cash-back rewards. If you begin a Prime membership after applying for this card, you'll automatically be upgraded to the Prime version.

Yes, the Amazon Prime Credit Card is metal. It is also worth noting that this card is an upgraded version of the Amazon.com Credit Card for cardholders with a Prime membership. This card is also made out of metal. The Amazon.com Store Card, on the other hand, is a plastic credit card.

Can I use my Amazon store card at Target? ›

Store cards include the Amazon Prime Store Card, Amazon Store Card, Target RedCard and Walmart Rewards Card. These cards can only be used in-store and online at Amazon, Target and Walmart properties, respectively.

You'll find your credit card's expiration date on the bottom half of your card, below your card number, in a month/year format. The date is usually about three years in the future.

Learn more about how to apply for the Amazon Prime Rewards Visa Card. If you are approved, you can start using the card today for Amazon.com purchases. After you receive your card in the mail, you can use the card for Whole Foods Market purchases.

The Amazon Prime Store Card* is one of Amazon's two credit cards for Amazon Prime members. This card allows you to earn 5% cash back on your Amazon purchases, or instead choose a promotional interest-free financing route.

The Amazon Prime Rewards Visa Signature Card is issued by Chase and is "open loop," meaning it's accepted anywhere that takes Visa, not just at Amazon. The annual fee is $0, but to get it you must be an Amazon Prime member. An annual Prime membership costs $139.

Amazon Pay accepts the following payment methods: Credit card currently accepted include Visa, MasterCard, and American Express.

Amazon Prime Store Card rewards can only be used toward Amazon.com purchases. However, your Amazon Visa Card rewards can be redeemed in many ways — cash back via bank deposit or statement credits for Amazon purchases and travel.

The Amazon.com Store Card annual fee is $0, making it free to use if you pay your balance in full and on time every month. The combination of no annual fee and great cash back rewards on Amazon purchases makes the Amazon.com Store Card a good option for Amazon Prime members.

To get approved for this card, you'll need to have a good credit score of at least 670, though having a higher one certainly won't hurt your chances.

What bank is the Amazon Prime Visa card? ›

When you apply for a Prime Visa or Amazon Visa, Chase Bank will administer the approval process. If your application is instantly approved, you'll be taken to a page that includes the Cardmember Agreement, the terms of your account, and other important information.

Yes, the Amazon Store Card will do a hard pull, also known as a hard inquiry, which may cause your credit score to temporarily go down a few points. You will need a credit score of at least 640 to get it, which is on par with what most store cards require. There is no way to pre-qualify for the Amazon Store Card.

If you want to cancel your Amazon.com Store Card, you will have to call (866) 634-8379 instead; the store version of this card is issued by a different bank. There is no fee associated with closing your account, but you will have to repay any outstanding balances.

Delete a payment method on Amazon.com

Click Your Account, and then click Payment options. Click the payment method you want to delete, click Delete, and then click Confirm delete.

There's no fee, but they will close the card if you don't use it for two years.