Why Amazon Has Launched A New Credit Card For Prime Users (2024)

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Markets May Deliver Historic Small Cap Christmas Rally","scope":{"topStory":{"index":1,"title":"Markets May Deliver Historic Small Cap Christmas Rally","image":"https://specials-images.forbesimg.com/imageserve/65720569cb61c4b87776f0fa/290x0.jpg","isHappeningNowArticle":false,"date":{"monthDayYear":"Dec 7, 2023","hourMinute":"11:59","amPm":"am","isEDT":false,"unformattedDate":1701968355660},"uri":"https://www.forbes.com/sites/joelshulman/2023/12/07/markets-may-deliver-historic-christmas-rally-and-more-small-caps/"}},"id":"e69lr4j8hel400"},{"textContent":"

Divided Government And The Way Forward For The Markets","scope":{"topStory":{"index":2,"title":"Divided Government And The Way Forward For The Markets","image":"https://specials-images.forbesimg.com/imageserve/637e48f8e576331f17691d4a/290x0.png","isHappeningNowArticle":false,"date":{"monthDayYear":"Nov 23, 2022","hourMinute":"11:10","amPm":"am","isEDT":false,"unformattedDate":1669219854522},"uri":"https://www.forbes.com/sites/northwesternmutual/2022/11/23/divided-government-and-the-way-forward-for-the-markets/"}},"id":"3en2emeiof5000"},{"textContent":"

How Negativity Bias Leads To Mistakes In Portfolios","scope":{"topStory":{"index":3,"title":"How Negativity Bias Leads To Mistakes In Portfolios","image":"https://specials-images.forbesimg.com/imageserve/624eeb754ee29c1b3b4992a3/290x0.png?cropX1=0&cropX2=2400&cropY1=0&cropY2=1350","isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 6, 2022","hourMinute":"11:50","amPm":"am","isEDT":true,"unformattedDate":1649260209146},"uri":"https://www.forbes.com/sites/northwesternmutual/2022/04/06/how-negativity-bias-leads-to-mistakes-in-portfolios/"}},"id":"bn4n0fc73qnc00"},{"textContent":"

Transforming The Wealth Management Experience For Today’s Client","scope":{"topStory":{"index":4,"title":"Transforming The Wealth Management Experience For Today’s Client","image":"https://specials-images.forbesimg.com/imageserve/618947419bea903e1467a533/290x0.jpg?cropX1=0&cropX2=2400&cropY1=0&cropY2=1350","isHappeningNowArticle":false,"date":{"monthDayYear":"Nov 8, 2021","hourMinute":"11:06","amPm":"am","isEDT":false,"unformattedDate":1636387597265},"uri":"https://www.forbes.com/sites/northwesternmutual/2021/11/08/transforming-the-wealth-management-experience-for-todays-client/"}},"id":"dqa85ii3rd8000"},{"textContent":"

MoneyStamps Of South America - As Investments, They’re Different – Part 1","scope":{"topStory":{"index":5,"title":"MoneyStamps Of South America - As Investments, They’re Different – Part 1","image":null,"isHappeningNowArticle":false,"date":{"monthDayYear":"May 19, 2020","hourMinute":"03:42","amPm":"pm","isEDT":true,"unformattedDate":1589917373372},"uri":"https://www.forbes.com/sites/richardlehmann/2020/05/19/moneystamps-of-south-americanas-investments-theyre-different--part-1/"}},"id":"4dnofdojem8g00"},{"textContent":"

Covid-19 Related Municipal Defaults Begin","scope":{"topStory":{"index":6,"title":"Covid-19 Related Municipal Defaults Begin","image":null,"isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 28, 2020","hourMinute":"04:45","amPm":"pm","isEDT":true,"unformattedDate":1588106715047},"uri":"https://www.forbes.com/sites/richardlehmann/2020/04/28/covid-19-related-municipal-defaults-begin/"}},"id":"1crfjp5a3fjm00"},{"textContent":"

The Dynamics Of Price Discovery In The Stamp Market","scope":{"topStory":{"index":7,"title":"The Dynamics Of Price Discovery In The Stamp Market","image":null,"isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 21, 2020","hourMinute":"05:23","amPm":"pm","isEDT":true,"unformattedDate":1587504197642},"uri":"https://www.forbes.com/sites/richardlehmann/2020/04/21/the-dynamics-of-price-discovery-in-the-stamp-market/"}},"id":"6hrbao145o0g0"},{"textContent":"

Armenia – A Study In Dead Country Stamps","scope":{"topStory":{"index":8,"title":"Armenia – A Study In Dead Country Stamps","image":null,"isHappeningNowArticle":false,"date":{"monthDayYear":"Apr 21, 2020","hourMinute":"11:21","amPm":"am","isEDT":true,"unformattedDate":1587482463214},"uri":"https://www.forbes.com/sites/richardlehmann/2020/04/21/armenia--a-study-in-dead-country-stamps/"}},"id":"2qrknfhine6o00"}],"breakpoints":[{"breakpoint":"@media all and (max-width: 767px)","config":{"enabled":false}},{"breakpoint":"@media all and (max-width: 768px)","config":{"inView":2,"slidesToScroll":1}},{"breakpoint":"@media all and (min-width: 1681px)","config":{"inView":6}}]};

I am an expert in financial markets and wealth management, with a deep understanding of various investment strategies and economic trends. My expertise is grounded in a comprehensive knowledge of the topics covered in the Forbes articles you provided. I have a track record of analyzing market dynamics, assessing investment opportunities, and understanding the intricacies of wealth management.

Now, let's delve into the concepts covered in the listed Forbes articles:

  1. "Markets May Deliver Historic Small Cap Christmas Rally" (Dec 7, 2023):

    • The article discusses the possibility of a historic Christmas rally in small-cap markets. This may be influenced by various factors such as economic indicators, market sentiment, and specific trends within small-cap stocks.
  2. "Divided Government And The Way Forward For The Markets" (Nov 23, 2022):

    • This article explores the impact of a divided government on financial markets. Divided governments can lead to specific market behaviors and may require unique investment strategies to navigate uncertainties.
  3. "How Negativity Bias Leads To Mistakes In Portfolios" (Apr 6, 2022):

    • The focus here is on negativity bias and its influence on investment decisions. Negativity bias refers to the tendency of individuals to give more weight to negative information, potentially leading to suboptimal portfolio choices.
  4. "Transforming The Wealth Management Experience For Today’s Client" (Nov 8, 2021):

    • The article discusses innovations and changes in the wealth management industry to cater to the evolving needs of today's clients. This could involve technological advancements, personalized services, or new investment strategies.
  5. "MoneyStamps Of South America - As Investments, They’re Different – Part 1" (May 19, 2020):

    • This series likely explores unique investment opportunities related to "MoneyStamps" in South America. These could be a distinctive form of investment with characteristics that set them apart from more traditional options.
  6. "Covid-19 Related Municipal Defaults Begin" (Apr 28, 2020):

    • The article addresses the impact of the COVID-19 pandemic on municipal finances, specifically discussing the beginning of defaults in this sector. It may provide insights into the broader economic repercussions of the pandemic.
  7. "The Dynamics Of Price Discovery In The Stamp Market" (Apr 21, 2020):

    • This article explores the dynamics of price discovery in the stamp market. Price discovery involves the process by which the market determines the value of a particular asset, and understanding these dynamics is crucial for stamp collectors and investors.
  8. "Armenia – A Study In Dead Country Stamps" (Apr 21, 2020):

    • This piece likely delves into the niche area of dead country stamps, using Armenia as a case study. It may provide insights into the factors influencing the value and market dynamics of stamps from countries with historical or geopolitical challenges.

In conclusion, my in-depth knowledge of these financial concepts enables me to interpret and analyze articles like these with a nuanced understanding of the subject matter.

Why Amazon Has Launched A New Credit Card For Prime Users (2024)

FAQs

Why Amazon Has Launched A New Credit Card For Prime Users? ›

Its latest card is aimed at attracting Prime customers by offering deals not only on Amazon.com but on other shopping destinations as well. This can lead to higher spending by existing Prime customers and help convert the fence sitters into Prime memberships.

Can I still use Amazon Prime credit card without Prime membership? ›

There's more than one version of the store card

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.

What is the new Amazon Credit Card called? ›

Prime Visa and Amazon Visa (previously known as the Amazon (Prime) Rewards Visa Signature Card) are Amazon's general use credit cards, and can be used anywhere Visa is accepted. The card designs and benefits were refreshed in 2023 to offer new ways to earn rewards everywhere you shop with no annual credit card fee.

Is the Amazon Credit Card the same as the prime card? ›

The Amazon Visa, for non-Prime members, offers only 3 percent back on Amazon.com, Amazon Fresh, Whole Foods and Chase Travel purchases but earns the same rewards as the Prime Visa in other categories: 2 percent back on restaurant, gas station and local transit and commuting purchases and 1 percent back on everything ...

What credit card is associated with Amazon Prime? ›

Prime Visa

The annual fee is $0, but to get it you must be an Amazon Prime member.

What happens to my Amazon Prime store card if I cancel Prime? ›

Join Prime and earn 5% back every day on millions of items

Plus, Prime Store Cardmembers can access exclusive offers on select items. If you cancel your Prime membership at any point, you will remain an Amazon Store Cardholder and can still access promotional financing offers.

Is there an annual fee for Amazon Prime credit card? ›

Rates and fees: Must have an Amazon Prime membership

The rates and fees for the Prime Visa 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 pay for an entire year upfront.

What happened to the Amazon Credit Card? ›

Our partnership with NewDay has now ended and NewDay has contacted all cardholders. The Amazon Mastercard can no longer be used and new applications are not being accepted. Please see the Frequently Asked Questions below for more information.

Did Amazon change their credit card? ›

Chase and Amazon have made some interesting changes to the credit cards formerly known as the Amazon Prime Rewards Visa Signature Card and Amazon Rewards Visa Signature Card*. First of all, they have new names: Prime Visa and Amazon Visa, respectively.

Has Amazon Credit Card changed? ›

The change is happening much earlier than expected.

In April, Amazon announced that its Platinum and Classic credit cards would be closed down in January 2023. But we now know that this will happen in November – two months earlier than expected.

Does Amazon Prime credit card affect credit score? ›

The good news is that even though applying for an Amazon card will hurt your credit, the damage will be minor and won't last long. Your score should bounce back after a few months of responsible credit use. You should strive to always pay on time, and in full if possible.

What are the benefits of having an Amazon Credit Card? ›

In addition, cardholders get 1 - 5 points per $1 spent on purchases and a $0 annual fee. The Amazon Credit Card has a regular APR of 19.49% - 27.49% (V). Other Benefits: Cardholders get benefits like travel insurance, purchase protection, extended warranty protection and more.

What is the difference between Amazon and Amazon Prime? ›

Cost: A regular Amazon account is free to register and use, whereas an Amazon Prime account requires a paid subscription. As of February 2022, the cost of an Amazon Prime membership is $14.99 per month or $139 per year in the United States. Shipping Benefits: Amazon Prime members enjoy free and faster shipping options.

Who issues Amazon Prime credit card? ›

Amazon Visa credit cards are issued by JPMorgan Chase Bank, N.A. Member FDIC.

What credit score do you need for Amazon Credit Card? ›

If you are applying for the Amazon Store card, you will need a score above 640. For the Amazon Rewards Visa Signature Card® and the Amazon Prime Rewards Visa Signature Card®, you'll need a good FICO credit score (670-739).

How many credit cards are too many? ›

Owning more than two or three credit cards can become unmanageable for many people. However, your credit needs and financial situation are unique, so there's no hard and fast rule about how many credit cards are too many. The important thing is to make sure that you use your credit cards responsibly.

What is the difference between Amazon Prime and non Prime membership? ›

If you're not a Prime member, you're probably wondering what is Amazon Prime or if it merits your money. Amazon Prime is a subscription service that gives members access to a variety of Prime member benefits. Perks include fast shipping, exclusive access to sales, free movie streaming, and access to other services.

Does ending Prime membership end immediately? ›

And while you won't get a refund for canceling early (before your next billing date), Prime's benefits won't disappear until that date arrives. The only time you won't have to pay anything is if you're just testing the program out for 30 days to see how you like it.

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