Does Applying for an Amazon Card Damage Your Credit? (How to Apply, Benefits & More!)
If you’re a regular Amazon customer, you probably know how many options they have when it comes to payment methods, but you’ve probably noticed that Amazon offers its own Amazon Card payment option.
If you’ve been curious for a while and want to know some important aspects like the benefits of having an Amazon card, how to apply, and some caveats, you’ve come to the right place…
Does Applying for an Amazon Card Damage Your Credit?
Yes, applying for an Amazon card will affect your credit score. If you want to apply for an Amazon card, the first thing you should know is that you need to treat it as a credit card, but mostly for Amazon products (with a few exceptions).
So if you apply for a credit card, your credit will drop a little over a period of time, but don’t worry too much, just make sure you have a good history of paying your credit card balance and you should have nothing to worry about.
In the end, it will function like any other credit card, but there are some differences between the different types of cards Amazon offers, so if you’re interested in learning more about this topic, keep reading…
How to Apply for an Amazon Credit Card
If you want to apply for an Amazon credit card, it’s very simple, just follow these few steps and you can apply for your card in no time:
- Search for the card you want to apply for in the Credit Cards section.
- There you can click “Apply Now” and you will be taken to the card application on the website.
- Just fill in the application form and follow the instructions given.
- Just submit your request and after that you just have to wait until you get the result of your application.
Remember, this is an application and you may or may not get the card depending on your eligibility decision.
Are there different Amazon credit card options?
Yes, you can choose between 5 different options, each with their own advantages, depending on your specific situation, so let’s go through them one by one so you can more easily decide which one to apply for .
Amazon Store Credit Card
This will be your standard option, and you can only use it for purchases on Amazon, but there are two versions of this card, depending on Prime membership.
If you’re a Prime member, you’ll be able to get 5% back on your purchases, which is a great way to slowly earn extra points through rewards. Prime members will also have some special offers that will give you exclusive rewards that you can then spend on Amazon.
If you’re not a Prime member, you won’t get rewards, but you can still get the standard credit card benefits on Amazon.
Amazon Rewards Visa Signature Card
The biggest reason to get this card is to have the option to use it at any store that accepts visas.
You also get 3% back on any purchase at Amazon and Whole Foods. When you receive your card, you’ll also get a $50 gift to get you going.
Amazon Prime Rewards Visa Signature Card
It’s very similar, but you could say it’s a better version of Prime. The big difference is that you get 5% back on every purchase you make on Amazon and Whole Foods, and if you spend $10,000 a year at both retailers, you’ll get a $500 bonus.
Finally, you’ll also get a bigger bonus of $70, and you’re eligible for 20% back on certain Amazon products.
Amazon Business American Express
If you’re a small business owner, you qualify for the Amazon Business American Card, which you can use anywhere AmEx is accepted and earn rewards at Amazon and Wholefoods.
You can also get a better version of this card if you have a Prime membership.
If you want more specific information about each available option, please visit amazon.com.
Benefits of Amazon Credit Cards
Most of the biggest benefits of having an Amazon credit card come from being a Prime member. If you already have one or more credit cards, you won’t get much benefit from Amazon’s standard cards, however, the Prime versions of these cards have some benefits that are definitely worth it.
- $70 Gift With Prime Visa Signature Card
- Visa Signature luxury hotel collection, no foreign transaction fees
Want to learn more about Amazon? Check out these articles to find out if you can use Google Pay on Amazon, what to do if your Amazon order shows delivered but you haven’t received it, and can you return an open item to Amazon?
If you’re considering applying for an Amazon card, remember that it’s as valid as any other credit card, so you need to remember that avoiding debt and controlling your payments is an important part of the process.
You also have to keep in mind that there are a few different options when it comes to choosing an Amazon credit card, so make sure to apply for the one that best suits your needs, and if you have a Prime membership, that’s a lens to offer.