Question: Does Amazon Store Card Affect Credit?

Is an Amazon store card worth it?

So it’s definitely worth it.

You just need to pair it with a Visa or Mastercard that allows you to maximize the rewards you earn on all of your other purchases.

Don’t use it for financing.

The Amazon Store Card offers 0% financing for 6 to 24 months, depending on what you buy and how much it costs..

Does the Amazon store card help build credit?

The Amazon.com Store Card Credit Builder is a secured credit card, designed to help you improve your credit scores. … Instead you must apply for the unsecured Amazon.com Store Card — and if you don’t qualify for that card, then Synchrony, the card issuer, will automatically consider you for the secured version.

Is Amazon store card a hard inquiry?

Yes, the Amazon Store Card will do a hard pull. You will need a credit score of at least 640 to get it, which is on par with what most store cards require. There is no way to pre-qualify for the Amazon Store Card.

What is the credit limit for Amazon credit card?

Consumers can establish credit lines ranging from a minimum of $100 to a maximum of $1,000. Like many other retail cards, however, the Amazon Credit Build card can only be used for Amazon purchases, making it a “closed-loop” card.

Can I use my Amazon credit card anywhere?

The card, issued by Chase, earns a stellar rewards rate at both Amazon.com and Whole Foods. And unlike a lot of other store-branded cards, you can use it — and earn rewards with it — anywhere that accepts Visa. You’ll enjoy bonus rewards at restaurants, drugstores and gas stations, too.

What credit score is needed for Amazon Prime Visa card?

640Amazon reports that you’re “more likely to be approved” for their Prime Rewards Siganture card with a score of 640 or higher. There are user reports of being approved with a score as low as 600.

How do you qualify for a Amazon credit card?

You are more likely to be approved for this card if your credit score* meets the following minimum criteria:Excellent: Credit score above 720.Good: Credit score above 680.Fair: Credit score above 640.

Is it easy to get approved for an Amazon credit card?

Approval Requirements & Application Although the Amazon.com Store Card is easiest to obtain for those with at least fair credit, a number of cardholders report being accepted with credit scores around the 600 range.

What bank does Amazon credit card use?

Synchrony BankAdditional Information from Issuer. The Amazon.com Store Card and the Amazon Prime Store Card are issued by Synchrony Bank. If you have questions about the Amazon.com Store Card or the Amazon Prime Store Card, call 1-866-634-8379, available 24 hours a day.

Is it safe to store credit card details on Amazon?

Even with all the safeguards Amazon employs to keep your credit card information safe, there’s no such thing as fail-safe security. … Plus, even if fraud did occur after using your credit card, the FTC notes, if you report the fraud you’ll only be liable for up to $50.

What happens if I don’t use my Amazon credit card?

3 Answers. It will impact your credit score, but typically very minor – paying one bill late is much worse. It reduces your average credit card age, which is a minor contributor to credit score.

What are the benefits of the Amazon credit card?

The Amazon Prime Rewards Visa Signature Card, issued through Chase, has some enticing rewards: 5 percent back on purchases you make on Amazon and at Whole Foods, as well as 2 percent back at restaurants, gas stations and qualifying drug stores, plus 1 percent on all other purchases.