8 Things to Know Before You Apply For The Amazon Prime Store Card

8 Things to Know Before You Apply For The Amazon Prime Store Card

If you often shop on Amazon, and the average monthly spending is not less than $250, then Amazon Prime Store Card is worth applying for. Because the 5% cash back on the Amazon Prime Store Card allows you to earn the cost of subscribing to Amazon Prime.

Don’t know what the Amazon Prime Store Card is? What are the benefits of applying for a card? The following content can give you a good understanding of the Amazon Prime Store Card.

What is the Amazon Prime Store Card?

Amazon Prime Store Card is a shopping credit card set up by Amazon for those who have Amazon prime membership and want to get cash back for shopping on Amazon. This card is issued by Synchrony Bank and has a $0 annual fee.

But it’s not Amazon’s only credit card. Amazon also has the Amazon Prime Rewards Visa Signature Card. There is a comparison of the two credit cards at the end of the article.

What are the advantages of Amazon Prime Store Card?

8 Things to Know Before You Apply For The Amazon Prime Store Card 1

  • Get a Free Amazon Gift Card

To encourage consumers to apply for the Amazon Prime Store Card, Amazon is giving away a $100 gift card to new cardholders. When you are approved for the Amazon Prime Store Card, Amazon will automatically give it away.

Sometimes, to promote the Amazon Prime Store Card, Amazon will reward up to $200.

  • Get 5% cash back on every purchase

Under normal circumstances, Amazon prime members cannot get cash back by using other payment methods. Only by paying for orders through Amazon Prime Store Card can they get 5% cash back.

Cashback can be used directly on Amazon purchases or redeemed as a credit on your card statement.

Assuming you spend $5,000 a year on Amazon, you’ll easily save $250 with the Amazon Prime Store Card.

  • 2 Special Promotional Financing Available

When you purchase $150 or more, you can choose to get 5% cash back or use promotional financing. Where promotional financing includes special financing and equal payments

  1. Special Financing: You will have 6, 12, or 24 months (depending on the amount of your order) to pay off your item. No interest will be charged if you pay it off within that period.
  2. Equal Payments: You will have 6, 12, or 24 months (depending on the amount of your order) to make fixed monthly payments. No interest will accrue if you pay off the plan as planned.

However, if it is not paid off within the specified time, interest will be calculated from the date of purchase.

For example, suppose you purchased $200 of merchandise on January 1st and used special financing to pay for the order. You set up 6 months to pay off the debt. But if you delay your debt or don’t pay it on time, you’ll accrue interest from January 1 until you pay it off.

  • No annual fee

You do not need to pay an additional annual fee to apply for the Amazon Prime Store Card. The annual fee for the Amazon Prime Store Card is already included in the Amazon prime membership. In other words, if you are not an Amazon prime member, you are not eligible to apply for the Amazon Prime Store Card.

If you spend more than $3,000 a year (an average of $250 per month), you will be able to earn Amazon prime membership fees back.

| Apply for a $200 Amazon Prime Store Card reward for a limited time

What to look out for with the Amazon Prime Store Card?

  • Prime membership is required to apply for the Amazon Prime Store Card

You need to be a prime member to be eligible for the Amazon Prime Store Card. This is very easy to understand. People with Amazon Prime Store Cards love to spend on Amazon more on Amazon prime members, so they can get more benefits from Amazon than Amazon prime members or non-members. This is essentially a difference in membership levels.

| Learn how to buy Amazon prime membership for cheap

  • Be wary of the risk of delayed interest

All credit cards are the same, and they all need to be alert to the risk of deferred interest. For the Amazon Prime Store Card, consider the variable APR of 28.24%. Simply put, if there is a deferred exchange, you will have a high-interest risk. Therefore try to avoid using special financing payment methods.

  • The Amazon Prime Store Card only works with Amazon

Like all mall-independent cards, each mall card is limited to shopping at that mall. So you can’t use Amazon Prime Store Card in Costco or Walmart.

 Who needs to apply for Amazon Prime Store Card?

8 Things to Know Before You Apply For The Amazon Prime Store Card 2

Amazon provides eligibility for the Amazon Prime Store Card for those who have Amazon prime membership. If you often shop on Amazon and the shopping amount is relatively large, it is very recommended to apply for Amazon Prime Store Card to get 5% shopping cash back.

Moreover, the Amazon Prime Store Card does not require an annual fee, and there is no need to worry about being charged an additional annual fee due to too many cards.

Is the Amazon Prime Store Card a real credit card?

Yes. The Amazon Prime Store Card is a real credit card and works just like any other type of credit card. But it is worth noting that the Amazon Prime Store Card can only be used on Amazon, and the card is not accepted in other stores.

For example, you can’t use the Amazon Prime Store Card at Walmart.

Where can the Amazon Prime Store Card be used?

The following websites are all acceptable to use Amazon Prime Store Card and get 5% cash back;

  • Amazon.com (Retail and Marketplace)
  • Amazon Business
  • Amazon Prime membership
  • Amazon Go
  • AWS
  • Audible
  • Amazon Bookstore
  • Amazon’s 4-star stores
  • Alexa Skills
  • Amazon Pay
  • Amazon Fresh
  • Audible.com
  • Hoot.com
  • Comixology.com

How should I get cash back?

The 5% cash back you get when you use the Amazon Prime Store Card as a payment method cannot be used for direct cash withdrawal. You can only use it as a credit for your next purchase on Amazon or redeemed it as a credit on your card statement.

Amazon Prime Store Card compared to similar cards

Amazon has two main credit cards that are relatively common, Amazon Prime Store Card and

Amazon Prime Rewards Visa Signature Card. Below is a comparison of the two different cards.

Amazon Prime Store Card           

Amazon Prime Rewards Visa Signature Card

Welcome Bonus

$100 Amazon gift card

$150 Amazon gift card

Reward Program

5% cashback on Amazon purchases

  • 5% cashback on Amazon purchases

  • 2% cash back at gas stations, restaurants and pharmacies

  • 1% cash back on other purchases

Annual Fee

$0

$0

Amazon prime membership required

Yes

Yes

Cons

  • High interest rate

  • Can only be used for Amazon purchases

  • Deferred interest on promotional financing

  • Subject to the Chase 5/24 rule

  • Can’t combine cash back with the promo APR

Regular APR

28% APR

17.24% to 25.24% APR

In general, the advantages of the Amazon Prime Rewards Visa Signature Card will be greater than Amazon Prime Store Card. However, since the Amazon Prime Rewards Visa Signature Card is issued by Chase, it is subject to the Chase 5/24 rule.

What is the Chase 5/24 rule? Chase automatically declines applicants for credit cards with 5 or more credit cards from any issuer in the past 24 months. You can check when you opened credit in the past through your free LendingTree account.

If you open more than 5 credit cards in 24 months, you cannot apply for Amazon Prime Rewards Visa Signature Card.

If you still want to get the 5% cash back on your Amazon purchases, you might consider applying for the Amazon Prime Store Card.


Don’t miss any offer updates
Click the red bell in the lower right corner to subscribe to this site
Send messages up to 5 times a week

360截图16430923614868

Related Posts

Try The 8 Best Food Delivery Apps In NYC How To Save Money On Next Order 7

Try The 8 Best Food Delivery Apps In NYC | How To Save Money On Next Order

You could be too tired to cook for yourself when you have the time, so you’d prefer to order takeout. Use your smartphone to enter! The top NYC meal delivery apps are listed below.

How To Buy Discounted Disney Gift Cards 2023 Save More 24 6

How To Buy Discounted Disney Gift Cards 2023 : Save More 24%

There are various locations that provide discounted Disney gift cards, and each one has advantages and disadvantages.

How To Save Money On Food At Disneyland 10 Money Saving Dining Tips 1

How To Save Money On Food At Disneyland? 10 Money-Saving Dining Tips

You will save at least $ 20 on Disney food.
Are you ready? So with that being said, let’s jump straight into the vacation money-saving tips!

360截图16540605103105116

How To Combine Disney Gift Cards Onto One Card? | Step By Step

Have you bought multiple cheap Disney gift cards? Too many gift cards are very troublesome to carry and pay. With great luck, Disney can combine 5 gift cards into one.

15 Lazy Ways To Earn Amazon Gift Cards Instantly In 2023

15 Lazy Ways To Earn Amazon Gift Cards Instantly In 2023

They all are willing to compensate you with free Amazon gift cards, which is what joins them all. You can earn free Amazon gift cards with just a little time or no extra time.

Leave a Reply

Your email address will not be published. Required fields are marked *

Ready to Save more Money?

Subscribe To Moneyfreedome To Receive Latest Updates!

Don't Miss Out On Every Promotion And Giveaway Guide

▼▼▼▼▼

We won't send you spam. Unsubscribe at any time.