Does Amazon Store Card Affect Credit?

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.

Does the Amazon store card help build credit?

The Amazon.com Store Card Credit Builder is a secured credit card, designed to help you improve your credit scores. Cardholders with Amazon Prime memberships will automatically be given the Amazon Prime Store Card Credit Builder card, which earns 5% cash back on Amazon purchases when special financing is declined.

Does Amazon store card report to credit bureaus?

Amazon will report your balance and payment information to the major consumer credit bureaus (Experian, TransUnion and Equifax). And with responsible use, the card will add to your positive credit information and you could see your credit score climb.

Is Amazon store card a hard inquiry?

Amazon Store Card is through GE Money. Credit bureaus see this as just credit card shopping, so will hit your score only once as a single hard inquiry. If you had applied for these two cards days apart, then your score would have been hit with two hard inquiries.

Is an Amazon store card worth it?

Like most store credit cards, the Amazon store card doesn’t charge an annual fee. However, it’s only good for Amazon.com purchases, and can’t be used just anywhere.

What credit score is needed for an Amazon credit card?

640

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

Approval Requirements & Application

Although the Amazon.com Store Card is easiest to obtain for those with at least fair credit, a number of cardholders report being accepted with credit scores around the 600 range.

What credit score do you need to get Amazon Visa card?

660 – 720

How many credit cards is too many?

Key Takeaways. Having a lot of credit cards can hurt your credit score if the total amount you owe exceeds 30% of your credit limit. Holding multiple cards also hurts your credit score you make late payments or if you open many accounts in too short a time.

What bank is Amazon credit card?

Synchrony Bank