Amazon Credit Cards: A Guide to the Different Types and Benefits

As a digital commerce platform, Amazon is one of the best in the online shopping market. And it’s no wonder, as it offers millions of products to choose from and ships orders to over 100 countries worldwide. The less known aspect of this company is that it also provides unique opportunities for savings with an Amazon credit card.

Statista’s research shows that the website and app receive over 2 billion monthly visitors. The platform has approximately 300 million active buyers, which translates into extremely high profitability. In 2023 alone, the company earned over $574 billion. Impressive, isn’t it?

If we were to discuss Amazon solely in the context of the marketplace, we would focus on its marketing solutions. However, this platform also offers customers a rather interesting purchasing model, which reduces their expenses and allows them to get back the money spent.

So, is the Amazon credit card good? In this article, we’ll provide some Amazon credit card reviews for various offers the company has. We hope that this information will help you choose the payment method and cashback rate that best suits your shopping style.

If you don't know how much does it cost to have an Amazon account yet, you can find out in our separate article.

Amazon Prime Rewards Visa Signature Card

This is perhaps the most advanced card of all you can get on Amazon. Amazon Prime Rewards Visa Signature Card is way better than many store credit cards, thanks to its Visa Signature benefits and competitive rewards. It offers the most benefits from all the available options:

• 5% cash back on purchases at Amazon, Whole Foods, and Fresh Market;
• 2% cash back at gas stations, restaurants, and pharmacies;
• 1% reward on all other purchases;
• $100 Amazon gift card.

However, obtaining this card is more challenging than subscribing to other Amazon offers — if your credit score is less than 700, you’ll have to undergo additional checks. APR ranges from 19.49% to 27.49%. Additionally, customers may face a late payment fee of up to $39.

Regular users may find Prime sharing rules useful, which can be found in a separate article on our website.

Amazon Prime Store Card

This type of Amazon synchrony card may seem like a copy of the Amazon Store Card at the first glance, but in reality they differ in several key aspects. For instance, the Amazon Prime Store Card has a purchase fee on the online retailer platform and a reduced APR.

Why choose the Amazon Prime Store Card?

• 5% cash back on purchases at Amazon.com;
• $80 Amazon gift card;
• Additional promotional offers.

However, there are also some drawbacks to this offer. For example, users must choose between a 5% bonus on the purchase amount and splitting payments over 6, 12, or 24 months with a grace period. Also, bonuses are not earned for purchases outside Amazon.

If you don't understand how to make a prime account yet, we recommend that you check out the information on our website.

Amazon Rewards Visa Signature Card

Arguably, it is the most versatile Amazon credit card synchrony, rightfully deserving of its current popularity. It offers a compromise between the credit system and the bonus program. Consumers are not limited to the company’s marketplace when it comes to cashback, but receive several additional benefits when shopping on the platform.

Here’s a more detailed Amazon credit card review:

• No annual fees;
• 3% cash back on Amazon.com, Amazon Fresh, and Whole Foods Market;
• 3% cash back on purchases made through Chase Travel;
• 2% cash back at restaurants, gas stations, local transportation, and commuting;
• 2% cash back on local public transportation and commuting to and from work, including ride-sharing;
• 1% cash back on all other purchases;
• Traditional APR from 19.49% to 27.49%;
• $50 gift card.

Attractive terms, aren’t they? But this card also has a 4% balance transfer fee (or $5, whichever is greater), so you have to decide whether the benefits cover this cost for you. Users are also required to confirm a positive credit history.

By the way, the question can I delete my prime video account can also be answered in our separate article.

Amazon Store Card

Amazon store credit card offers the marketplace’s customers a relatively limited list of benefits. However, it does not require monthly or annual fees. With this card, users don’t receive any additional reward programs, but can still benefit from interest-free financing for purchases.

Here are some advantages of this card:

• No fees for purchases over $150 if the credit is paid off within 6 months;
• 0% fees if a purchase over $600 is paid off within the next 12 months;
• No interest rate overpayments if the $800+ amount is paid off within 24 months.

All interest for the specified period is charged immediately if payment is overdue. Moreover, an APR of 27.49% is set after the introductory period.

You may also be interested in Amazon prime student if you are a student and want to choose a decent option among bank cards.

Final Thought

So, is an Amazon credit card worth it? Yes, especially if you are an active customer of the platform and constantly make purchases in this marketplace. The card will allow you to save on purchases and get back a portion of the money in the form of points, which you can then convert into money at a rate of 100 points per $1.

If you are interested in does Amazon do Afterpay, you can find more details in the article on our website.

Moreover, you can always link the Prime system to your account and increase the benefits of using corporate payment tools. This integration helps smooth over any differences between the card options, enabling you to pick the card that best aligns with your shopping habits and preferences and still enjoy significant benefits.

After analyzing all the options, we have concluded that the Amazon Rewards Visa Signature Card is the best choice. Here’s why:

• Access to the maximum sources of cashback;
• Ability to enhance bonuses through Prime;
• Favorable lending terms;
• You are hardly paying any fees.

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