For regular shoppers at Amazon, this credit card would be an ideal way to get benefits for your loyalty. These benefits include some cashback rewards, as well as many other ways to get paid for buying your things from Amazon.
You should keep in mind that a credit card is just like any other financial service that is provided to you. This simply means that there are costs and other risks involved, as credit cards do not come with benefits only.
However, there are many benefits that you can reap with this credit card from Amazon. Keep reading and see for yourself!
Features and Benefits
There are quite a number of benefits linked to this credit card that are provided by Amazon for your convenience.
- With this credit card, there are no annual fees involved even if you have not used the card for some time. This is great for people who only need a credit card for special circumstances but not for everyday use.
- There are no foreign transaction fees involved when you use the credit card for purchases outside of the US. This is great for those who love to travel and need to make purchases without being penalized for it.
- If you change to an Amazon Prime membership, your cashback fees will increase to 5%.
- A very low APR of just over 14% with a high credit score.
- When you are approved, you will immediately get a $50 sign-up bonus.
- You have zero fraud liability from unauthorized charges on your Amazon credit card.
- There is special financing available on orders of $150 and more.
- Also available are a number of travel benefits, which include baggage delay insurance and lost luggage reimbursement, among many others.
Flexible Redemption
There is no limit on the minimum rewards that can be redeemed with this Prime Rewards Visa card from Amazon. This means that whenever you have points available, you can redeem them. You do not need to wait until you have a certain amount of rewards.
Whatever the balance on your rewards is, you can redeem it whenever you choose for a variety of options at your disposal. These options include cashback for purchases on Amazon.com, as well as gift cards and travel that include flights and cruises.
Also included with these redeem options are car rentals, as well as hotel stays.
How To Apply
To apply for an Amazon Credit Card, you need a valid social security number and a permanent address. You must also be 18 years or older.
To be approved, you need to have a decent credit score of 600 or better when you apply for the Amazon Credit Card. To apply online for the card, head to the Amazon Prime website and find out if you're eligible.
Fees and Interest
There are certain rates and fees involved with this credit card from Amazon. The following is a list of them.
- For balance transfers, you will pay a fee of $5 or 5% of the amount, whichever is greatest.
- Cash advances will cost you $10 or 5% of the amount of each transaction, whichever is the most.
- You will also pay anything from 14.24% and up to 22.24% APR, depending on your creditworthiness.
- All payments must be made within 21 days of transactions to avoid interest charges.
- Late payment fees can be up to $39, depending on the balance.
Also read: Halifax Bank: Travel Credit Card - How to Apply Online
Bank Contact Details
You can contact Amazon customer service at the following phone number: 00 1 206-922-0880.
Amazon’s physical address: Amazon.com, Inc, 440 Terry Ave N., Seattle, WA 98109.
Summary
Now that you know what to expect from the credit card from Amazon, you need to weigh the benefits and risks involved.
Try it out for yourself and see whether this card will suit your credit and travel needs.
Applying for and using credit involves risks. For more information, consult the bank’s terms and conditions page.
