Amazon has become an essential part of online shopping, offering everything from electronics and clothing to groceries and digital media. With millions of customers purchasing products from Amazon, the company has also made it easier for shoppers to save money and earn rewards by offering credit card options specifically designed for Amazon buyers. The Amazon Credit Card provides various benefits, such as cashback, reward points, and exclusive discounts on Amazon purchases.
If you’re considering applying for an Amazon Credit Card, it’s important to understand the different options available, the benefits each provides, and the steps involved in applying. In this comprehensive guide, we will walk you through everything you need to know about applying for an Amazon Credit Card, from choosing the right card to understanding the application process.
Types of Amazon Credit Cards
Before you start the application process, it’s essential to understand the two primary Amazon credit card options available. Each one offers different benefits, so selecting the one that fits your purchasing habits is important.
1. Amazon Rewards Visa Signature Card
This is the more premium credit card option offered by Amazon in partnership with Chase. It comes with several great rewards and benefits, including:
- 5% Back at Amazon.com and Whole Foods Market: Cardholders can earn 5% cash back on every purchase made on Amazon.com and at Whole Foods, which is great for regular Amazon shoppers and those who buy groceries at Whole Foods.
- 2% Back at Restaurants, Gas Stations, and Drugstores: Earn 2% back on purchases at restaurants, gas stations, and drugstores, making it a versatile option for everyday spending.
- 1% Back on All Other Purchases: For any purchases not falling into the above categories, you’ll still earn 1% cashback.
- Sign-Up Bonus: New cardholders may also enjoy a significant sign-up bonus, typically around $100, if they meet certain spending requirements within the first few months.
- No Annual Fee: This card does not come with an annual fee, which is another great perk for those looking to avoid additional costs.
The Amazon Rewards Visa Signature Card is ideal for loyal Amazon shoppers who also want to earn rewards on purchases outside the Amazon ecosystem.
2. Amazon Store Card
The Amazon Store Card is designed for customers who shop primarily on Amazon. This card is issued by Synchrony Bank and offers benefits that are more tailored to Amazon purchases:
- 5% Back on Amazon.com Purchases: If you shop frequently on Amazon, this card can help you earn 5% back on every purchase.
- Special Financing Offers: Cardholders may be eligible for 6, 12, or 24-month special financing on select Amazon purchases over a certain amount, which can help spread out payments for larger purchases without paying interest if the balance is paid off within the promotional period.
- No Annual Fee: Like the Amazon Rewards Visa Signature Card, the Amazon Store Card also does not charge an annual fee.
However, the Amazon Store Card has a limitation compared to the Amazon Rewards Visa Signature Card. The Amazon Store Card can only be used at Amazon.com and Amazon-related merchants. If you want a more versatile card that earns rewards outside of Amazon, the Amazon Rewards Visa Signature Card may be a better option.
3. Amazon Business Prime Card
If you own a business and frequently make Amazon purchases for work, the Amazon Business Prime Card might be the right option for you. This card offers:
- 5% Back on Amazon.com and Whole Foods Market: Like the other options, business owners can earn 5% back on Amazon purchases, including at Whole Foods.
- Special Financing: Similar to the Amazon Store Card, you can enjoy financing options for larger business purchases.
- No Annual Fee: This card also does not have an annual fee, making it cost-effective for business owners who make regular Amazon purchases.
To apply for the Amazon Business Prime Card, you need to be a business owner with a valid Taxpayer Identification Number (TIN) and an Amazon Business account.
Steps to Apply for an Amazon Credit Card
Applying for an Amazon credit card is a relatively simple process. Below are the detailed steps involved in applying for either the Amazon Rewards Visa Signature Card or the Amazon Store Card.
1. Check Your Credit Score
Before applying for any credit card, it’s important to check your credit score. Amazon credit cards generally require a good to excellent credit score (typically around 700 or higher) for approval. While the exact requirements may vary depending on the card, having a higher credit score increases your chances of being approved and potentially qualifying for better terms, such as a higher credit limit or better interest rates.
You can check your credit score through various online services or by requesting a free report annually from each of the three major credit bureaus (Equifax, Experian, and TransUnion).
2. Visit Amazon’s Credit Card Application Page
Once you’ve determined that your credit score meets the requirements, go to the Amazon credit card application page. On the site, you’ll be able to choose between the Amazon Rewards Visa Signature Card or the Amazon Store Card. Select the card that best suits your needs and preferences.
3. Fill Out the Application Form
Once you’ve chosen your card, you’ll need to fill out an application form. The application will ask for personal information, including:
- Name and address
- Date of birth
- Social Security number (SSN)
- Annual income
- Employment status
- Housing status (renting, owning, etc.)
Be sure to fill in all required fields accurately, as any missing or incorrect information can delay the application process or lead to a denial.
4. Review the Terms and Conditions
Before submitting your application, review the terms and conditions of the credit card. Look for information about the interest rate (APR), any potential fees, the rewards structure, and any special offers or bonuses. Make sure you fully understand the card’s benefits and responsibilities.
5. Submit Your Application
Once you’ve reviewed the terms, you can submit your application. After submission, Amazon and its credit card partner (Chase or Synchrony Bank) will review your information and determine whether you qualify for the card. This process may take a few minutes or a few days, depending on your credit history and the card issuer’s processing times.
6. Wait for Approval
If your application is approved, you will receive your Amazon Credit Card in the mail. For the Amazon Rewards Visa Signature Card, you will also receive a physical card that can be used anywhere that accepts Visa, not just Amazon. The Amazon Store Card, on the other hand, can only be used at Amazon and Amazon-related retailers.
If your application is denied, you may receive a letter outlining the reasons for the decision. You may also have the option to appeal or reapply after taking steps to address any issues with your credit.
How to Use Your Amazon Credit Card
Once you receive your Amazon Credit Card, you can begin using it to make purchases. If you have the Amazon Rewards Visa Signature Card, you can use it anywhere that accepts Visa, earning rewards on both Amazon and non-Amazon purchases. For the Amazon Store Card, you can only use it on Amazon purchases or at Amazon partners.
Remember to pay your balance on time to avoid interest charges and late fees. If you’re taking advantage of special financing offers, be sure to pay off your balance before the promotional period ends to avoid paying interest on your purchase.
Conclusion
Applying for an Amazon Credit Card can be a smart way to earn rewards, cashback, and discounts on your Amazon purchases. Whether you choose the Amazon Rewards Visa Signature Card for its versatility and higher rewards or the Amazon Store Card for exclusive savings on Amazon, each card offers a valuable set of benefits for loyal shoppers. By following the simple application process outlined above, you can easily apply for an Amazon Credit Card and start enjoying the benefits it offers. Just remember to use it responsibly, pay off your balance on time, and keep track of your rewards to maximize your savings.
