If you are looking for a new way to earn rewards, you may want to consider applying for an Amazon credit card. A few options are available, so you can find the card that best suits your needs. Here is everything you need to know about how to apply for an Amazon credit card.
What is an Amazon Credit Card?
The Amazon Credit Card is a credit card that allows you to earn points on your everyday purchases, which can be redeemed for cash back or other rewards. You can also enjoy special financing offers and discounts on Amazon.com when you use your Amazon Credit Card. Plus, there’s no annual fee! Whether you’re a Prime member, the Amazon Credit Card is a great way to save money on your online shopping.
Benefits of Amazon Credit Card
Regarding credit cards, Amazon offers one of the best in the business. Their card has no annual fee and gives you 5% cash back on all Amazon purchases and 2% cash back at gas stations, restaurants, and drugstores. In addition, you’ll get a $70 Amazon gift card when you sign up for the card. Here are eight benefits of using an Amazon credit card:
1. No annual fee. This is probably the most significant benefit of using an Amazon credit card. There are so many cards out there that have annual fees ranging from $25-$100. That’s money that you’re just throwing away each year. With the Amazon card, you don’t have to worry about that because there is no annual fee.
2. 5% cash back on all Amazon purchases. This is a tremendous benefit because it essentially gives you a 5% discount on everything you buy from Amazon. If you’re someone who shops on Amazon a lot, this can add up over time.
3. 2% cash back at gas stations, restaurants, and drugstores. This is an excellent benefit for people who have to travel for work or pleasure. With this benefit, you can earn some serious cash back by using your card at these places.
4. $70 Amazon gift card when you sign up for the card. This is an excellent incentive for people to sign up for the card. Who doesn’t love free money?
5. 0% intro APR for 15 months. This benefit is great for people looking to make a large purchase and pay it off over time. With the intro APR, you won’t have to worry about losing interest in your investment for the first 15 months.
6. No foreign transaction fees. This benefit is great for people who travel internationally. With most cards, you’ll be charged a 3% fee on all foreign transactions. You won’t have to worry about that fee with the Amazon card.
7. Earn rewards points that can be redeemed for cash back, gift cards, and more. With the Amazon Rewards Visa Signature Card, you’ll earn 3 points per $1 spent on eligible Amazon purchases, 2 points per $1 spent at gas stations, restaurants, and drugstores, and 1 point per $1 spent on all other purchases. These points can be redeemed for cash back, gift cards, and more.
8. Get 24/7 access to your account information. With the Amazon Credit Card website, you’ll be able to access your account information 24/7. This is a great benefit for people who want to keep track of their spending and make sure that they’re always on top of their payments.
The Amazon credit card is one of the best cards out there. It has no annual fee and gives you 5% cash back on all Amazon purchases and 2% cash back at gas stations, restaurants, and drugstores. In addition, you’ll get a $70 Amazon gift card when you sign up for the card. These are just 8 of the many benefits of using an Amazon credit card.
Charges of Amazon Credit Card
There are a few different types of charges that you might see on your Amazon credit card statement. Here’s a breakdown of the most common charges:
- Annual Fee: You will see this charge once per year, on the anniversary of your account opening. The annual fee is currently $0.
- Foreign Transaction Fee: If you use your Amazon credit card to purchase a currency other than U.S. dollars, you will be charged a foreign transaction fee. This fee is currently 3% of the total transaction amount.
- Late Payment Fee: If you don’t pay your bill by the due date, you will be charged a late payment fee. The late payment fee is currently $35.
- Returned Payment Fee: If a payment you make is returned for any reason, you will be charged a returned payment fee. The returned payment fee is currently $25.
- Minimum Interest Charge: If you carry a balance on your credit card from one month to the next, you will be charged interest on that balance. The interest rate is currently 15.99% per year (1.33% per month). In addition to the interest charge, there is also a minimum interest charge. The minimum interest charge is $2 per month. So even if your interest charge for the month is only $1, you will still be charged the full $2 minimum interest charge.
These are some of the most common charges on your Amazon credit card statement. Please see the Terms and Conditions for a complete list of all the fees and charges associated with this credit card.
How to Apply for an Amazon Credit Card?
Applying for the Amazon Credit Card is quick and easy. Follow these steps:
1. Go to the Amazon website and sign in to your account.
2. Locate the “Credit Cards” section of the site.
3. Click the “Apply Now” button next to the card you are interested in.
4. Follow the instructions on the application page.
5. Once you have submitted your application, you will receive a decision within a few minutes. If you are approved, you will be able to start using your new credit card right away!
How to Use the Amazon Credit Card?
If you’re a regular Amazon shopper, you may be considering signing up for an Amazon credit card. After all, why not get rewards for something you’re already doing? But before you apply, it’s important to understand how the Amazon credit card works and whether it’s right for you.
Here’s what you need to know about the Amazon credit card:
1. You need to have good or excellent credit to qualify. Synchrony Bank issues the Amazon credit card; like most credit cards, there are some eligibility requirements. In order to qualify, you’ll need to have good or excellent credit. This means a credit score of 670 or higher on the FICO scale. If your score is below this, you may still be able to get approved, but you may be offered a lower credit limit or a higher interest rate.
2. There is no annual fee. One of the most significant selling points of the Amazon credit card is that there is no annual fee. This makes it a great option for people who want to earn rewards without paying a yearly fee.
3. You’ll earn rewards on all of your Amazon purchases. One of the best things about the Amazon credit card is that you’ll earn rewards on all your Amazon purchases, not just those made with the card. You’ll earn 3% back on all Amazon purchases, which can add up quickly if you’re a regular shopper. There are some restrictions on what counts as an Amazon purchase, but generally speaking, anything you buy from Amazon.com or one of its affiliated websites will qualify.
4. You can use your rewards to get discounts on future purchases. Another great thing about the Amazon credit card is that you can use tips to get discounts on future purchases. For every $100 you spend, you’ll get a $5 deal off your next purchase. This can be a great way to save money on future Amazon purchases or even just to offset the cost of your annual fee.
5. There are some restrictions on foreign transactions. One downside of the Amazon credit card is some restrictions on foreign transactions. You’ll need to be aware of these restrictions if you plan to use your card for international purchases. Specifically, you’ll be charged a 3% foreign transaction fee on any purchases you make outside of the United States.
Despite these downsides, the Amazon credit card can be an excellent option for people who shop on Amazon regularly. If you have good or excellent credit and you’re looking for a way to earn rewards on your Amazon purchases, the Amazon credit card is worth considering.
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What are the Different Types of Amazon Credit Cards?
There are four different types of Amazon Credit Cards: the Amazon Prime Rewards Visa Signature Card, the Amazon Rewards Visa Signature Card, the Amazon Store Card, and the Amazon Business Prime American Express Card.
The Amazon Prime Rewards Visa Signature Card is a credit card that offers 5% back on all Amazon.com purchases, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases. There is no annual fee for this card.
The Amazon Rewards Visa Signature Card is a credit card that offers 3% back on all Amazon.com purchases, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases. There is no annual fee for this card.
The Amazon Store Card is a credit card that can only be used at Amazon.com. This card offers 5% back on all Amazon.com purchases. There is no annual fee for this card.
The Amazon Business Prime American Express Card is a business credit card that offers 5% back on all Amazon.com purchases, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases. There is no annual fee for this card.
How to Redeem Your Rewards Points with the Amazon Credit Card?
If you’re an Amazon Credit Card holder, you know that many great benefits come with the card. One of the best parts is the rewards program, which allows you to earn points for every purchase.
Redeeming your rewards points is easy and can be done in a few simple steps. Here’s how:
1. Log in to your Amazon Credit Card account online.
2. Click on the “Rewards” tab.
3. Choose how you want to redeem your points for cash back, gift cards, or merchandise.
4. Select the number of points you want to redeem, and click “Submit.”
That’s it! Your points will be redeemed, and you’ll be able to enjoy your rewards. Thanks for being an Amazon Credit Card holder!
Conclusion
That’s it! You now understand how to apply for an Amazon credit card. Be sure to check out our website for more information on what type of Amazon credit card is best for you, and how to get started on your application. Thanks for reading, and we hope this article helped you in some way. Have a great day!
