Amazon Prime Store Card Review

Generous Rewards for Prime Shopping

Amazon Prime logo

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The new Amazon Store Card has a version that pays rewards for Amazon Prime members. If you're a huge shopper and you enjoy Prime's two-day shipping and unlimited access to media, the Amazon Prime Store Card may be for you.

Amazon Prime Store Card Details

Sign-up Bonus $10 Amazon gift card
Rewards Rate 5%
Ongoing APR 28.24%
Late Payment Fee Up to $38
This card has no annual fee, intro APR, balance transfer, foreign transaction fee, or recommended credit score

Pros & Cons of Amazon Prime Store Card

What We Like

  • 5% cash back on Amazon purchases

  • Interest-free financing

  • No annual fee

What We Don't Like

  • Must be an Amazon Prime member

  • Can only be used on Amazon purchases

  • High APR

Amazon Prime Store Card Sign-up Bonus

Once you complete and submit your application, you’ll get a decision in as little as 15 seconds. If approved, not only do you receive a $10 gift card loaded to your account, you can also use your card right away. You don’t have to wait for the card to arrive in the mail.

Earning Points & Rewards

The Amazon Prime Store Card is a rewards version of the Store Card. Pricing details are the same for both cards, but with the Prime version, purchases earn 5% back.

It’s pretty good considering other 5% cards offer rewards only in rotating categories, so you have to keep switching up what you buy to maximize your rewards. And with quarterly rotating rewards, there’s often a cap on what you can earn. That’s not the case with the Amazon Prime Store Card.

Big-ticket purchases receive tiered special financing – the larger your purchase amount, the longer your interest-free period. You can receive six months special financing on purchases of $149 or more, 12 months on purchases $599 or more, 24 months on select Amazon-sold items, and 12-month equal pay on select Amazon-sold items. Equal pay financing requires you to make 12 equal monthly payments.

The special financing is deferred interest, not a true 0% no interest promotion. You must pay the balance in full before the promotional period ends to avoid paying any interest. If you don’t, you’ll be assessed interest from the date of your purchase.

Amazon's not letting you have your rewards and get up to 24-months of no interest. The retailer says “The 5% back benefit cannot be combined with any applicable promotional financing offers. If your purchase is $149 or more, you will have the option to select either the promotional financing or the 5% back benefit you would like to apply to your purchase.”

Amazon lets you choose a default option that will be applied to purchases if you don’t make a selection at checkout.

Redeeming Rewards

Rewards are paid automatically as a statement credit. There’s not much flexibility with the rewards; you can’t use them at your discretion to reduce the price of an expensive item, for example. You also can’t earn on products that are provided by affiliates or on purchases from merchants who’ve enabled Pay with Amazon as an option.

Amazon Prime Store Card Additional Fees

This card has no penalty APR, returned payment fee, cash advance, or overlimit fee.

Is This Card Right For You?

There’s no annual fee with the Amazon Prime Card, but you do have to subscribe to Amazon Prime, which is $99 per year after a 30-day free trial period. You'd have to spend close to $2,000 on your Amazon Prime Store Card to offset the cost of the Prime membership, but if you already subscribe to Prime, the card may be worth it.

If a store card with limited usage – or the $99 price tag on Amazon Prime – sound unappealing, but you still would like a way to earn rewards for Amazon, there are a few other options. The Rewards Visa from Chase offers 3% back on purchases; 2% at gas stations, restaurants, and drugstores, and 1% on everything else with no earning caps.

Next Steps

To apply for an Amazon Prime Store card, go the the Amazon website.