Question: Is The Amazon Prime Credit Card Worth It?

All things considered, if you’re someone who shops a lot on Amazon and/or if Whole Foods is your go-to grocer, it’s worth considering one of the Amazon Rewards cards — especially if you’re a Prime member.

Prime Rewards card at a glance: Annual fee: $119 Amazon Prime membership.

Bonus: $70 Amazon gift card.

Is the Amazon Prime Credit Card good?

The Amazon Prime Rewards Visa Signature card offers a great 5 percent rate on Amazon and Whole Food purchases, but Prime membership requires a high $119 fee, and Amazon points lack versatility. We may have a better option for you. This card isn’t currently available on our site.

Which Amazon credit card is better?

Best Amazon Credit Card: How to Get the Most Out of Your Purchases

Recommended cardsBest forCredit needed
Amazon Rewards CardThird-Party Amazon PurchasesGood/Excellent
Discover it® Cash BackGeneral SpendingGood/Excellent
Blue Cash Preferred® Card from American ExpressSupermarketsExcellent/Good

1 more row

Do you need Amazon Prime for credit card?

You can use your credit when you shop on Amazon without any minimum requirements. Other options for redeeming are available in the form of gift cards, cash, and travel rewards. No annual fee. There is no annual fee for the card, but you do need to maintain a Prime membership to earn the full 5% on Amazon purchases.

What’s the catch with the Amazon credit card?

There is a small catch: The 5% cash back benefit, which also applies to Amazon.com purchases, is only available to active members of Amazon Prime, a subscription program that offers free two-day shipping, access to streaming video and music, and a variety of other Amazon-specific perks for $119 a year.

Does applying for Amazon card hurt credit?

1 Answer. Getting rejected for a credit card does not impact your credit score. However, applying for a credit card, whether or not you are approved, does impact your score temporarily. Each time your credit report is accessed by a creditor, an “inquiry” instance appears on your credit report.

Is Netflix free with Amazon Prime?

No. They don’t. Netflix and Amazon Prime, both are completely different services with different ownership. They don’t collude or collab in any way so there is no way you can get one free if you buy the other service.

What credit score do you need for Amazon credit card?

640

What bank is Amazon credit card through?

Synchrony Bank

What are the benefits of an Amazon credit card?

Rewards: 5 percent back on Amazon and at Whole Foods, 2 percent back at restaurants, gas stations and qualifying drug stores, 1 percent on all other purchases. Annual fee: $119 Amazon Prime membership. Bonus: $70 Amazon gift card. Variable APR: 15.74 to 23.74 percent based on your credit score.

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.

How do you get Amazon Prime for free?

Here are 8 ways to get Amazon Prime for FREE

  • Amazon Prime 30 Day FREE Trial.
  • Sign Up for Amazon Prime Student Membership Trial.
  • Earn Cash Back with Amazon Credit or Store Cards.
  • Sign Up For Sprint Cell Phone Plan.
  • Become an Amazon Associate.
  • Hope for a Late Arrival.
  • Sign Up With New Email Accounts.
  • Use Amazon Mom.

How many credit cards should I have?

The short answer: you should have at least two – ideally each from a different network (Visa, Mastercard, American Express, Discover, etc.) and each offering you a different kind of rewards (cash back, miles, rewards points, etc.). How many credit cards is too many?

What happens if I never use my Amazon credit card?

It will impact your credit score, but typically very minor – paying one bill late is much worse. It reduces your average credit card age, which is a minor contributor to credit score. The disadvantages are: you are giving them your address and name, and implicit permission to spam you with mail, email, etc.

Is the Amazon credit card a hard inquiry?

Amazon Store Card is through GE Money. Yes, they do. Generally though you’ll only see it on one or two reports. Credit bureaus see this as just credit card shopping, so will hit your score only once as a single hard inquiry.