Is Amazon Store Card Worth It: A Detailed Review

The Amazon Store Card is a credit card that's designed specifically for Amazon shoppers. It offers 5% back on all purchases at Amazon and Whole Foods Market, which can add up quickly.

To qualify for the 5% discount, you must make at least one purchase every 12 months. If you don't meet this requirement, your card will be deactivated, and you'll miss out on the benefits.

The card also offers a 6-month, interest-free promotional financing option for purchases of $149 or more. This can be a great option for big-ticket items, like electronics or home appliances.

With the Amazon Store Card, you can also earn rewards on purchases made with other participating merchants, although the rewards rate may be lower than 5%.

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The Amazon Visa card offers a range of benefits, but let's dive into the specifics.

You can earn 3% cash back at Amazon.com, Amazon Fresh, and Whole Foods Market, making it a great option for frequent shoppers.

The card also provides 3% cash back on purchases made through Chase Travel, which can be a convenient feature for those who book travel often.

In addition to cash back, the card offers a $50 Gift Card instantly upon approval, which is a nice perk.

Here are the key benefits at a glance:

Interest rates on the Amazon Visa card can be quite high, ranging from 19.99% to 28.74% variable.

The balance transfer fee on the Prime Visa card is either $5 or 4% of the amount of each transfer, whichever is greater.

This fee is something to consider before making any balance transfers, as it can add up quickly.

You'll want to factor this fee into your decision, especially if you're planning to transfer a large amount of money.

It's worth noting that the Prime Visa card has some excellent rewards and benefits, including earning 5% cash back on all purchases at Amazon.com.

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Equal monthly payments can be a great option for those who want to avoid interest charges. You can make equal monthly payments for six months on purchases between $50 and $599.99 and pay no interest.

Some credit cards offer equal monthly payments for 12 months on purchases of $600 or more. This can be a good option for bigger purchases that you're not sure you can pay off right away.

You can also make equal monthly payments for 24 months on select purchases. This can be a good option if you're unsure about your budget or if you want to break up a large purchase into smaller, more manageable payments.

If you're looking for a true no-interest credit card, consider a credit card with a 0% intro APR offer. These cards don't charge interest until the offer expires and you're not responsible for back interest.

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If you have an Amazon Prime membership, the Amazon Prime Store Card might be worth considering. It offers a chance to earn cash back at a great rate for a $0 annual fee.

The card is designed for exclusive use on Amazon purchases, making it a good option if you only shop on Amazon. This card's limitations and risk of deferred interest make it less appealing for general use.

If you're looking for a card that can reward you for online shopping while offering more flexibility, you're better off with another Amazon credit card or a cash back credit card that offers rewards on a variety of spending categories.

The Amazon Store Card can be a great option for those who frequently shop on Amazon, but it's essential to understand the benefits and drawbacks before making a decision.

You can earn 5% cash back at Amazon.com with the Amazon Prime Store Card, which is a generous offer. This rate is only available to Prime members, however.

The Amazon Prime Store Card also offers a $10 Amazon gift card upon approval, which is a nice bonus.

One of the most significant benefits of the Amazon Store Card is the option to earn cash back or take advantage of promotional financing on purchases. You can choose to earn 5% cash back or opt for promotional financing, which can be a great option for those who need to make a large purchase.

However, it's essential to note that the promotional financing option involves deferred interest, which can be risky. If you don't pay off the full purchase amount within the promotional financing period, you'll be hit with interest from the original date of purchase.

Here's a comparison of the Amazon Prime Store Card to similar cards:

As you can see, the Amazon Prime Store Card has a higher rewards rate, but the Prime Visa offers a better welcome offer. The Amazon Secured Card has a lower regular APR, but it's not available to non-Prime members.

Ultimately, whether the Amazon Store Card is worth it for you depends on your individual spending habits and financial goals. If you frequently shop on Amazon and want to earn cash back on your purchases, it may be a great option. However, if you're not a Prime member or have other credit cards with better rewards rates, it may not be the best choice.

As a Prime member, you'll earn 5% back on all purchases made with your associated Amazon Store Card, which can be applied to your account in the form of a statement credit or used toward eligible purchases.

This reward is especially valuable for Prime shoppers who purchase a majority of their household goods on the website or buy big-ticket items like televisions and video game consoles. The rewards you earn can add up quickly, making it a great option for frequent Amazon shoppers.

You'll also get access to an extra 5% to 15% in rewards on select promotional items, which can be a nice bonus on top of your regular rewards.

As a loyal Amazon Prime member, you're in for a treat. You'll earn 5% back on all purchases made with your associated Amazon Store Card, which can be applied to your account in the form of a statement credit or used toward eligible purchases when you check out.

The rewards are especially valuable for Prime shoppers who buy big-ticket items like televisions and video game consoles. You'll also get access to an extra 5% to 15% in rewards on select promotional items.

If you're already an Amazon Prime member with good credit, consider using the Amazon Prime Visa. This card lets you earn 5% back at Amazon, 5% back at Whole Foods, and 5% back on purchases through Chase Travel.

Here's a breakdown of the rewards you can earn with the Amazon Prime Visa:

The Amazon Prime Visa also offers 2% back at restaurants and gas stations, and 2% back on local transit and commuting, including rideshare.

The introductory bonus is a nice perk, but it's not always the most valuable part of a store card. You'll get a small $10 Amazon gift card once you're approved for the Amazon Store Card, which is a nice addition, but not as valuable as some other store cards.

Some store cards offer a one-time discount on your first purchase, which can be a much bigger bonus than the Amazon gift card. For example, the MyLowe's Rewards Credit Card often gives new cardholders a 20% discount on their purchase, up to $100 off.

If you're shopping for a big-ticket item, a card with a higher introductory discount might be a better choice. But if you do most of your shopping on Amazon and have Prime, the ongoing rewards might outweigh the short-term savings of a different store card.

It's worth considering your shopping habits and what you need most from a store card. If you're just looking for a small bonus to get started, the Amazon gift card might be a nice touch.

You can use the Prime Visa, Amazon Visa, Amazon Business Prime American Express Card and Amazon Business American Express Card anywhere Visa or American Express is accepted.

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The Amazon Store Credit Card and Amazon Secured Card are limited to use at Amazon and Amazon-owned businesses.

You can only use the Amazon Store Card at Amazon.com and some Amazon-owned businesses, like Whole Foods.

If you primarily shop on Amazon, these cards might be a good fit for you, but if you need a card for broader spending needs, you may want to consider an alternative.

The Amazon Store Card offers special financing options, which can be a benefit for those who primarily shop on Amazon.

However, if earning rewards on groceries is your main goal, you may want to consider a card like the Capital One Savor Cash Rewards Credit Card, which offers 3% back on purchases at grocery stores.

Small-business owners with an Amazon Prime membership may qualify for the Amazon Business Prime American Express Card, which offers 5% back on U.S. purchases at Amazon Business, AWS, Amazon and Whole Foods, up to $120,000 annually.