Amazon is an online marketplace that has hundreds of millions of members worldwide. However, Amazon credit cards can get used for purchasing clothing, groceries, and other household necessities. Receiving approval for a credit card requires a little planning. Notably, most credit card offers to need excellent credit. So, when applying for a new Amazon credit card, it’s essential to know what credit score do you need for amazon credit card based on your credit reports.
Most importantly, if you are shopping at the Amazon online marketplace, you might receive rewards. Credit card issuers require to see strong credit history. Nevertheless, you can get approved for credit card with bad credit, even when your credit history is questionable. However, you’ll also need to ensure you haven’t applied for too much credit in the recent past.
Additionally, the Prime Rewards Visa Signature Card is a suitable choice if you’re an existing Amazon Prime member. Besides, you have to spend a lot at Amazon and Whole Foods to earn 5% cashback on these purchases. This Amazon credit card comes with unique benefits for a no-annual-fee card. Amazon reports that you qualify for their Prime Rewards Signature card with a credit rating of 640 or higher.
What Are the Benefits of Amazon Credit Card?
Amazon credit card is suitable for occasional Amazon shoppers looking to earn more back on select purchases without paying for an Amazon Prime membership. However, those members with Amazon Prime can receive a more rewarding offer of this card. The benefits include:
Amazon Rewards Visa Signature Card
i) Up to 3% cashback
This card rewards you 3% back on Amazon and Whole Foods purchases, 2% back at restaurants, gas stations, drugstores, and 1% back on all other purchases. You can redeem your cashback for Amazon purchases.
ii) $50 bonus gift card
Upon qualifying for the Amazon Rewards Visa Signature Card, you’ll receive a $50 Amazon gift card. However, it doesn’t match the biggest sign-up bonuses, but it’s more than what most store credit cards provide.
iii) No annual fee
Interestingly, you don’t have to pay an annual fee or be a member of Amazon Prime to receive this card, so it’s a viable choice if you want to earn extra rewards without spending any extra money.
iv) No foreign transaction fee
Typically, many credit cards charge a 3% foreign transaction fee, but that’s not the case with Amazon Rewards Visa Signature Card.
v) Consumer and travel protections
The Amazon Rewards Visa Signature Card provides quite useful extras as a no annual fee card. Consumer protections feature purchase protection, auto rental insurance, and extended warranty coverage. However, travel protections cover baggage delay insurance, lost luggage reimbursement, and travel accident insurance.
Amazon Prime Rewards Visa Signature Card
Most importantly, if you want to earn more cashback on Amazon credit cards, you can consider the Amazon Prime Rewards Visa Signature Card. You can enroll for this credit card if you’re a member of Amazon Prime. Besides, it earns 5% back at Amazon and Whole Foods, so if you spend more than $5,950 at those purchase locations annually, the extra 2% back will exceed the cost of a $119 Amazon Prime membership.
Is Amazon Prime Rewards Visa Card Good?
The exciting thing about this card is that it offers a robust 5% cashback on Amazon purchases and Whole Foods purchases. The card doesn’t require a limit to how much cash back you can earn. However, this earning rate makes the Amazon Prime Rewards Visa card stand out as the best credit card available for an Amazon purchase. Apart from the substantial cash back discounts, the rewards are simple to redeem.
What Are the credit score do you need for Amazon credit card Qualifications?
Generally, you are more likely to get approved for an Amazon credit card if your credit score meets the minimum criteria. The recommended minimum credit rating for this credit card is 640. And as highlighted below, 640 is considered a “fair” credit score.
- Poor-from 300 to 579
- Fair- from 580 to 669
- Good- from 670 to 739
- Very Good- from 740 to 799
- Excellent- from 800 to 850
How To Improve on Your Credit Score?
Your credit score is the most common determinant of your financial ability. The scoring tells lenders about your creditworthiness on credit cards at a glance. However, the better your score, the faster it will be to get approved for new lines of credit or new loans. Also, a higher credit score can attract the lowest available interest rates when you borrow.
On the other hand, if you want to improve your credit score, there are some simple steps that you can take to get instant credit card approval for bad credit no deposit. If you qualify to apply for the Amazon Rewards Visa Signature Card, your credit score should range from the fair-to-good ratings.
However, the suggested FICO Score to apply is 640 or above. Nevertheless, it’s possible to get approval with a lower score, but it is good to work on your credit first and give yourself a better shot.
How To Get the Amazon Credit Card?
The Amazon Card requires a credit score of 640 or higher. In other words, you require at least fair credit to obtain this card. However, the more your credit score is, the higher your chances of getting approval.
On the other hand, cardholders who suspend their Amazon Prime membership can maintain the Amazon Prime Rewards Visa Signature Card. Still, they earn 3% back, instead of 5%, on Amazon and Whole Foods purchases.
Most importantly, Amazon Credit Cards and Secured Cards get provided by Synchrony Bank. Therefore, if you have questions concerning any of these cards, contact 1-866-634-8379, available 24 hours a day. You can also enquire about a secured credit card for rebuilding credit options.
How Does the Amazon Prime Rewards Signature Credit Card Works?
Amazon represents a virtual store that sells everything under one roof. You can place your order today and deliver it as early as tomorrow. Besides the company’s wide variety of goods and services, it also provides a co-branded Visa card slotted for its Prime members.
However, Amazon Prime Rewards Signature Visa resembles its alternative co-branded card, the Amazon Rewards Signature Visa credit card. Both cards can get used anywhere where Visa is acceptable. You can earn 3% or 5% cashback on purchases depending on the type of your card membership. New members receive a $100 Amazon Gift Card instantly after credit card approval.
How to Choose a Credit Card to Use on Amazon Purchases?
Acquiring the right credit cards that let you earn rewards on Amazon can get a bit overwhelming. However, there are so many rewards credit cards available today. Practically, any cashback credit card can get used for Amazon purchases and all your other online shopping, but some cards are much more ideal than others.
Thus, the following tips can assist you in picking a suitable Amazon credit card for your needs and goals.
1) Identify the type of rewards you require at the end
While some credit cards allow you to earn more rewards for Amazon purchases, they don’t necessarily allow you to cash in points for Amazon shopping directly. Ensure you know which cards provide statement credits only and which the rest let you cash in rewards for gift cards, travel, or purchases made directly on Amazon and other online stores.
Again, some cards will enable you to redeem for gift cards, but it’s not always the best redemption option. Note the value you can obtain for your points through different redemption methods.
Compare Amazon earning percentages and membership requirements. If you huge chunks of money on Amazon purchases each year, then selecting the card with the highest Amazon earning rate makes a lot of sense.
Besides, most Amazon credit card requires an Amazon membership, which ranges from $139 per year. Ensure you’ll utilize Amazon Prime benefits such as free shipping and movies before paying for this membership.
2) Look for other credit card bonus categories
Suppose you often plan to make other purchases using your credit card. In that case, you’ll want to ensure you can maximize any other bonus categories your new credit card provides, like dining or travel.
3) Compare fees, especially the annual card fees
Apart from confirming whether you require to pay for an Amazon Prime membership, you can consider other additional fees credit cards charge. These charges can include late fees, annual fees, over-the-limit fees, etc.
4) Look for other cardholder perks you might benefit from
You need to check whether any Amazon credit cards you’re considering feature any additional perks you can benefit from. Such perks include purchase protection against damage or theft, free employee cards for your business account, extended warranties, and travel insurance protections such as travel accident insurance and baggage delay coverage.
Bottom Line
Amazon credit card enhances your purchases by earning bonuses on select products and services. However, the worry about what credit score you need for an Amazon credit card is addressed above. According to Amazon, you can get approved with a score as low as 640 and above. Interestingly, you don’t have to pay for Amazon membership card fee to receive such a credit card.
