How To Pay An Amazon Credit Card
To complete your payment for your or Amazon Rewards Visa Signature, follow these steps:
1. If you have not set up an online Chase account yet, go to . If you have already set it up, sign in to your online Chase account.
2. Scroll down to locate your Amazon Visa Card and click Pay credit card.
3. Select Statement Balance, Current Balance, Minimum Due or specify another amount youd like to pay. Then, click Next.
4. Verify that the payment information is correct and click Schedule Payment.
To complete your payment for your Amazon Store Card or your Amazon Secured Card, follow these steps.
1. Sign in to your Synchrony Bank account at or link your Amazon and Synchrony accounts at to navigate directly to Synchrony from the Amazon site.
2. Hover over Payments at the top of the page, and then scroll down and click Make a Payment.
3. Select Minimum Payment, Statement Balance , Current Balance or Other.
4. Enter your banks routing number and checking account information in the requested fields and confirm your banking information.
5. Verify that the information is correct and click Make a Payment.
How To Get Approved For An Amazon Credit Card
If you love the convenience of online shopping, Amazon.com is one of the largest online retailers in the world. The company offers customers two credit card options for individuals who find themselves using the site on a frequent basis. You can either apply for the Amazon.com Rewards Visa card from Chase or the Amazon.com Store card from Synchrony Bank. Each has its own application and approval process.
Easiest Card To Get Approved For With No Credit
The Capital One Platinum Secured Credit Card is our top choice for an easy-to-get card when you have no credit history. To qualify, you must provide a refundable security deposit of $49, $99, or $200, which will serve as collateral for a $200 credit limit.
You can make a larger initial deposit, up to $1,000, if you want a higher credit limit. You must have a bank account from which you can fund your deposit.
- No annual or hidden fees. See if you’re approved in seconds
- Building your credit? Using the Capital One Platinum Secured card responsibly could help
- Put down a refundable security deposit starting at $49 to get a $200 initial credit line
- You could earn back your security deposit as a statement credit when you use your card responsibly, like making payments on time
- Be automatically considered for a higher credit line in as little as 6 months with no additional deposit needed
- Enjoy peace of mind with $0 Fraud Liability so that you won’t be responsible for unauthorized charges
To be approved, your application must be verified by Capital One and you must reside in the United States or a U.S. military location . Your monthly income must exceed your mortgage or rent payment by at least $425. In addition, you must be age 18 or older and possess a valid Social Security number.
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How To Pick A Credit Card To Use On Amazon Purchases
Its easy to become overwhelmed by all the credit cards that let you earn rewards on Amazon. After all, there are so many rewards credit cards on the market today, and practically any cash back credit card can work for Amazon and all your other online shopping, but some cards are much better than others.
Regardless, these tips can help you pick the right card for your needs and goals.
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Prequalifying Does Not Guarantee Approval
Prequalifying for a credit card offer is a great way to know whether or not you will be approved, but remember its not a guarantee. You may receive a prequalified card offer only to be denied for the card. Nevertheless, your chances are significantly improved by prequalifying first. And if you get a preapproved offer, your chances are even better.
One more important thing to note here: American Express is notorious for offering different introductory offers through different avenues. That means the offer you get on CardMatch or in the mail might not be the same as what you see on the website. In many cases, you can score a larger welcome offer by applying through a prequalified or preapproved offer but you should always compare to make sure you are getting a good deal.
Equal Pay Financing Offer
Suppose you’re making a purchase on Amazon that costs thousands of dollars. With the Amazon Prime Rewards Visa Signature Card, you can choose to opt out of earning rewards and participate in the special 0% APR offer instead:
- On purchases of $50 or more, split into six equal monthly payments
- On purchases of $250 or more, split into 12 equal monthly payments
- On purchases of $500 or more, split into 18 equal monthly payments
If you choose the pay-over-time offer instead, you won’t accrue any interest for the promotional period. The monthly payments will be charged to your statement on your Amazon Prime Rewards Visa Signature Card. If you fail to make your payments within the allotted time period, you’ll start to accrue interest.
While this offer may be helpful for large purchases, we recommend that you avoid this option as you’ll lose the ability to earn rewards on all of your Amazon purchases.
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What To Do If You Pre
When you submit a pre-qualification form, you’ll typically receive several credit card offers that you have good approval odds for. Once you choose an offer, you still need to submit an official application.
Here are two steps to take after you pre-qualify for a card:
- Compare credit cards. Pre-qualification is a great way to shop around for the best credit card offers without hurting your credit score. We recommend submitting multiple pre-qualification requests so you can compare the fees, rewards and added perks to find the card that provides the most value for your needs.
- Submit an official application. Once you decide which card is the best fit, submit an official application. You’ll typically receive a decision immediately, though it can take longer in some cases. If you’re approved, great! If you’re denied, you can submit an application for one of the other cards you were pre-qualified for.
But Is Your Credit Score Good Enough To Qualify What Credit Score Do You Need To Get The Amazon Visa
There is no guaranteed answer to this question. But, using a combination of our own knowledge of Amazon and Chase practices , plus a bunch of data points weve hunted down from around the Web, we can make an educated declaration:
- In general, customers with a 650 or better credit score will be approved for the Amazon Visa. However, we have seen reports of approvals as low as 600, and some denials at scores between 650 and 725. Obviously your odds increase with a higher score. However, remember that your credit score is not the only factor in approving or denying your application. Many credit card companies will pay special attention to the length of your credit history, your current debt, your current income, and how many other credit cards or loans youve recently opened. Thats why there is no guarantee when it comes to a minimum credit score for approval.
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Terms And Conditions Of The Amazon Prime Rewards Signature Visa Card
The annual percentage rate on your card will depend on your . Theres no introductory APR. Expect a rate between 14.24% and 22.24%, but it will vary based on the prime rate. Balance transfers have the same APR as purchases instead of the higher one many cards impose.
Cash advances on the Amazon Prime Rewards Signature Visa have an interest rate of 24.99%. You have 21 days after the end of the billing cycle to pay the balance in full to avoid any interest charges. The late payment fee is up to $39, depending on your card’s balance. Customers will pay $5 or 5% of the balance transfer amount, whichever is greater. Cash advances cost $10 or 5%, whichever is greater.
The card does not have an annual fee attached, but if you want the Amazon Prime Rewards Signature Visa, you will have to pay to be an Amazon Prime member, which costs $119 per year. You must be age 18 or older to apply for the card, and credit limits are based on the applicant’s credit.
|Amazon Prime Rewards Signature Visa|
|21 days after the end of the billing cycle|
What Is The Minimum Credit Score Needed For A Card
There is no set minimum score to obtain a credit card. Instead, cards are categorized by credit rating, i.e., excellent, good, fair, bad, and no/limited credit.
FICO credit scores range from 300 to 850, with scores below 580 considered to be bad. But you can get a type of credit card that ignores credit scores. Typically, these include secured, student, and prepaid cards.
Our top secured card for consumers with no credit is the Capital One Platinum Secured Credit Card. Its easy to acquire because its secured by your cash deposit of $49 to $1,000. The minimum credit line is $200.
Requirements for this card are typical in terms of age and residency. Your monthly income must be at least $425 more than your monthly rent or mortgage payment. The biggest obstacle is that you cannot already have two or more Capital One cards.
Two other secured cards are similarly easy for bad- or no-credit consumers to obtain. The Discover it® Secured Credit Card is a good choice for folks with credit scores below 660 who are not currently in bankruptcy proceedings.
But the winner in terms of availability among secured cards is the OpenSky® Secured Visa® that explicitly does not perform credit checks. The security deposit can range from $200 to $3,000. The only real hurdles involve your previous experience with the card issuer.
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Drawbacks Of The Amazon Card
While Amazon’s new card overall is a good option for consumers, the card still comes with a relatively high APR of 28.24%, Rossman said. The average median APR for retail cards is 25.64%, according to a CreditCards.com survey.
Store cards typically charge higher rates in large part because they’re easier to get, Rossman said.
Both analysts said consumers need to be especially wary of the special financing with deferred interest on purchases that Amazon promotes. If you don’t pay off the purchase before the promotional, no-interest period ends, you will owe back interest since the original purchase.
If you buy something and you don’t pay it off within that six months or 12 or 24 months, then you will likely get a bill for any interest that would have accrued on that account since the purchase date, Schulz said.
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Choose The Right Card
In some cases your credit card may offer you the option to either take cash back or . In many cases, redeeming your rewards this way will be worth less than if you just took the cash back and used it to make the same purchase. Check the redemption terms and conditions of your card to make sure youre redeeming your earnings for the most value.
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Easiest Store Card To Get
The Fingerhut Credit Account allows you to charge purchases from this online merchant and its partners. No minimum credit score is required, but you must reside in the United States and be at least 18 years old.
You must have a Social Security number and sufficient income to make monthly payments. Youre not eligible if you are in bankruptcy, are past due on a Fingerhut loan account, or are in credit counseling.
You may be eligible for a Fingerhut Fresh Start Installment Loan if you dont qualify for the credit account. To get the loan, you must deposit at least $30 and make an initial purchase of at least $50. If you repay the loan on time youll be switched to the Fingerhut Credit Account.
Consider Pairing More Cards
If you have a card that caps the amount of elevated rewards you can earn at Amazon after a certain spending amount or that only allows you to snag big rewards in a bonus quarter, consider pairing it with another card that offers solid rewards on all purchases.
For example, say you own the Discover it® Cash Back card and Amazon is one of the bonus categories that quarter, earning you 5% cash back up to the quarterly maximum of $1,500 on spending when you activate. After you hit that $1,500 cap, any other spending at Amazon will only earn you 1% cash back. But, if you use a card like the Citi Double Cash which earns a 2% cash back on all purchases1% when purchases are made and another 1% when theyre paid off, you could beat what youd earn if you just paid with the Discover it® Cash Back card depending on how much you spend.
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How Long Does It Take To Get Approved For An Amazon Credit Card
You can get approved for the Amazon Prime Rewards Visa Card or the Amazon Rewards Visa Card within seconds after applying online. According to the Amazon.com Store Card page, youll get your decision after you apply online in as little as 15 seconds.
These card accounts should be automatically linked to your Amazon account after approval and you can begin using yours right away after getting approved.
The Amazon Secured Card requires a security deposit, so even though youll get a decision about your approval shortly after applying, youll have to fund the security deposit from your bank account within 60 days of approval before you can charge anything.
How Can You Earn More Cashback With My Amazon Prime Rewards Visa Card
The Amazon Prime Rewards Visa already comes with a high rewards rate of 5% cashback on Whole Foods and Amazon purchases. You could earn more by taking advantage of exclusive offers available to Prime Rewards cardholders that let you earn another 10% to 25% on Amazon purchases — on top of the 5% rewards.
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Get Your Credit Score Improved Professionally
In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It’s so much less stress, hassle, and time to let professionals identify the reasons for your score drop.If you’re looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on or setup a consultation with them. They also happen to have incredible customer service.Credit Glory is a credit repair company that helps everyday Americans remove inaccurate, incomplete, unverifiable, unauthorized, or fraudulent negative items from their credit report. Their primary goal is empowering consumers with the opportunity and knowledge to reach their financial dreams in 2020 and beyond.
Do You Need To Have A Prime Membership To Shop At Amazon
You don’t need a Prime membership to shop at Amazon, though Prime members enjoy free, quicker shipping on millions of items, along with other perks. You do need a Prime membership to apply for the Amazon Prime Rewards Visa Signature Card, as well as the Amazon Prime Store Card, but there are non-Prime equivalents to both cards.
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The Amazon Prime Rewards Visa Signature Card Vs The Capital One Walmart Rewards Card
Ultimately, whether the Amazon Prime Rewards card or the Capital One® Walmart Rewards® Card is the better choice depends on which retailer you shop with online more. They have comparable reward programs, except the Amazon card offers 2 percent rewards at drugstores while the Walmart card offers 2 percent cash back on travel. While the Walmart cards travel category would likely have more rewards potential, its gas category only covers Walmart and Murphy USA gas stations while the Amazon cards gas category is much more flexible.
You may be able to get more first-year value from the Walmart card since its 12-month 5 percent cash back rate on in-store purchases when using Walmart Pay only takes spending over $2,000 that year to eclipse the Amazon cards $100 bonus gift card. However, factors like richer benefits, a lower ongoing APR and a more popular online shopping platform could make the Amazon Prime Rewards card a slightly better option overall.
Key Things To Know About Choosing Your First Credit Card
High approval odds are among the most important things to look for in your first credit card. The sooner you get approved, the sooner you can begin building your credit standing. Getting rejected for a credit card sets you back, both in terms of time and possible damage to your limited credit.
Low fees are another key feature to seek out when getting a credit card for the first time. Starter credit cards generally dont offer rewards or interest rates worth paying high annual or monthly fees for. So its best to make your first credit card one with a $0 annual fee and always pay your monthly bill in full to avoid interest charges.
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