Which credit bureau does Amazon use? (all you need to know)
Amazon offers several perks on its website, and Amazon Prime Visa is a very popular perk. When customers sign up, they can get even bigger discounts and there is no annual fee.
However, when customers sign up for Amazon Prime Visa, they may want to know which credit bureau Amazon uses to check their credit score. If you want to find out, read on to see what I learned!
Which credit bureau does Amazon use?
Amazon will check customers’ credit scores through Chase, which uses credit bureaus like Experian, Equifax and TransUnion to process its Amazon Prime Visa card. Amazon typically only checks a customer’s credit if they need more information about their identity. However, in most cases, customers will be approved for Amazon Prime Visa within minutes.
If you want to learn more about how Amazon checks your credit score, whether they do a hard credit check, what they check your credit with, and more, keep reading for more helpful facts and tips!
Does Amazon use Equifax or TransUnion?
Amazon checks credit scores through major credit bureaus, including Equifax, Experian, and TransUnion.
According to old customers, when they check credit scores through the branch, they will go through Chase.
In addition, they use the FICO 8 score for all customer credit score checks and decisions when Chase goes through these companies.
After Amazon processes the check, they use the customer’s total score to determine if the customer is eligible for Prime Visa.
Customers should note that Amazon will generally only check credit scores if their contact and personal information is subject to an identity check.
Therefore, customers are advised to keep their Amazon accounts as up to date as possible to avoid delays in Prime Visa approval.
What is the purpose of Amazon’s credit score check?
Amazon checks credit scores to determine if customers are eligible for Amazon Prime Visa and for potential employees whose applications are under consideration.
When Amazon runs a credit check on a customer, they do so to confirm the customer’s identity without enough information, which is often done for credit card applications.
Likewise, when Amazon conducts credit checks on potential employees, they do so as part of a thorough background check, which may include criminal history checks, consumer reports, and similar perusals.
What credit score do you need to get approved by Amazon?
In order for Amazon to approve a credit check, customers and potential employees must score at least a 640. Amazon will almost always approve an application if the customer has a rating of 700 or higher.
However, with a score below 640, Amazon may be required to deny credit card and employment applications.
Additionally, Amazon will only process credit card checks if the customer or employee is at least 18 years old and has a valid ID and SSN.
If a client does not meet these criteria, they will be automatically rejected.
Does Amazon conduct strict credit checks?
When Amazon conducts checks on its potential employees, they typically run rigorous checks on credit, criminal records, and other similar scrutiny to ensure that the employee is being hired as a credible and safe hire.
However, Amazon generally does not conduct in-depth credit checks on its customers or sellers unless they need more information about their identity or they are dealing with a case of fraud.
Therefore, customers applying for Amazon Prime Visa are advised to update their personal information on Amazon in a timely manner to prevent unnecessary delays in their application process.
Additionally, potential Amazon employees should be aware of the types of credit and background checks Amazon conducts so they can be prepared for any uncovered information.
Will Applying for an Amazon Credit Card Hurt Your Credit Score?
When a customer first receives their Amazon Prime Visa, their credit score may drop slightly for a short period of time, which will not have a major impact on the customer, as long as they are not making large payments, such as purchasing a mortgage or apply for a loan.
However, after the initial drop, Amazon Prime Visa customers should expect their credit utilization to improve, as having Prime Visa as an additional credit card will help increase a customer’s total available credit!
To learn more, you can also check out our related posts on Amazon’s background check policy, does Amazon have installment payments, and when does Amazon pay.
in conclusion
Amazon will go through Chase Bank when checking credit scores, and Chase Bank will go through the three major credit bureaus Equifax, TransUnion and Experian for verification.
Amazon conducts credit checks on customers applying for Prime Visa, as well as on potential employees.
Amazon typically only runs credit checks on customers when they need additional identifying information.
However, potential employees will undergo credit checks, in addition to other background checks, before Amazon approves their job applications.
