The most important factor in choosing a credit card for Amazon is how often you buy with Amazon. Some cards will be more suitable for regular Amazon buyers who are already Prime members. If you only shop occasionally with Amazon, there are other options that might suit your lifestyle better.
The best credit card for Amazon Prime members
As with many retail brands, Amazon offers several co-branded in-store credit cards. Options include unsecured, secure, consumer and business cards:
Choosing an Amazon credit card from the co-branded options will primarily depend on your credit history.
If you have good credit, the Amazon Rewards Visa Signature card is the best choice. He earns bonus rewards on Amazon and Whole Foods, as well as on restaurant, gasoline, and drugstore purchases. Plus, you can use it anywhere Visa is accepted. If you have Prime, you will receive the Visa Signature Amazon Prime Rewards card. If you don’t have Prime, you will have the Visa Signature Amazon Rewards card.
If your credit is in the reasonable range, the Amazon.com Store card may be a good option. Prime members earn bonus rewards on Amazon purchases. You can also get special financing on qualifying purchases. Be careful, however, of deferred interest. You will not be able to use this card anywhere other than Amazon.
Prime members who need to accumulate credit can use the Amazon Secure Card to earn money on Amazon purchases. This card can also only be used on Amazon. If you don’t have Prime, avoid this card. Instead, check out the best secured credit cards.
While Amazon’s co-branded credit cards don’t have an annual fee, they’re not free. To get the most out of any of these cards, you will need to pay for an Amazon Prime membership.
For example, the Visa Signature Amazon Prime Rewards card offers 5% cash back on Amazon and Whole Foods purchases, but only if you have Prime. Without a Prime membership, you’ll get the Amazon Rewards Visa card, which only earns 3% cash back on those purchases.
Likewise, neither the Amazon.com Store card nor the Amazon Secured card earns any rewards unless you have a Prime membership. With a subscription, your Amazon purchases can earn 5% cash back or 2% cash back, respectively.
In other words, while you can potentially get decent value from an Amazon credit card without Prime, that value is limited. But the Prime membership doesn’t come cheap. In fact, an annual Prime membership will cost you more than the annual fee charged by any of our best cash back credit cards.
If you already have Prime, earning 5% off your Amazon purchases can be a great deal. If you don’t buy enough from Amazon to take advantage of a Prime membership, you’re unlikely to get much value from an Amazon credit card. At least not when there are cheaper alternatives.
The Best Credit Card For Amazon Buyers Without Prime
If you don’t want to shell out money for an expensive Prime membership, co-branded Amazon cards are much less valuable. Instead of getting a separate Amazon card and paying for Prime, consider a regular rewards credit card. With the right card, you can earn a solid rate on your Amazon purchases – and everything in between.
If you shop frequently online (with Amazon or otherwise), look for a card that offers bonus rewards for online purchases. The Bank of AmericaÂ® Customized Cash Rewards credit card is a solid option. It lets you choose your own 3% cash back category from a list that includes online purchases.
Maybe you only shop with Amazon during the holidays. There is also a card for that. The Discover itÂ® Cash Back regularly offers Amazon as part of its fourth quarter bonus category. Simply activate your Quarterly Bonus Category to earn 5% on category purchases up to $ 1,500 for the quarter.
Of course, the easiest way to earn rewards on Amazon purchases is to use a lump sum reward card. These cards earn the same reward rate on every purchase, no matter where you shop. Some of the best flat rate rewards cards allow you to earn up to 2% cash back on all your qualifying purchases. This includes:
Cards that earn reward points can also be a great deal if you redeem your points wisely. Here are some of our favorite reward points credit cards:
The value you get from your points will depend on how you redeem them. If you redeem for travel, you can get $ 0.02 per point or more in many cases. So a card that earns 1x point per dollar on Amazon purchases could give you an effective rate of 2% or more. However, many of these cards have an annual fee, so make sure you earn enough rewards to make it worth it.
What Credit Score Do You Need To Get A Credit Card For Amazon?
The credit score required to obtain an Amazon co-branded credit card will vary depending on the card. The Amazon Rewards Visa Signature card (both the regular version and the Prime version) is for applicants with good to excellent credit. This usually means a credit score above 670. The same goes for the Amazon Business Amex card. Remember, the higher your credit score, the more likely you are to get a good credit card APR.
Getting approved for an Amazon credit card will be more difficult without decent credit. But not impossible.
If you have fair credit – a score between 580 and 669 – you may qualify for the Amazon.com Store card. Unlike the Visa Signature Amazon Rewards card, the store card can only be used to make Amazon purchases.
The Amazon Secured Card is for people who need to build up credit. This includes people who have bad credit (a score below 580). This also includes people who have little or no credit.