Amazon.com Store Card Review

Generous Rewards for Prime Shopping

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

Amazon Store Card Details

Sign-up Bonus $10 Amazon gift card
Rewards Rate 5% for Prime members
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 Store Card

What We Like

  • 5% cash back on Amazon purchases for Prime members

  • Interest-free financing

  • No annual fee

What We Don't Like

  • Must be an Amazon Prime member for rewards

  • Can only be used on Amazon purchases

  • High APR

Amazon 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 Amazon.com 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 Amazon.com Store Card. Pricing details are the same for both cards, but for Prime members, 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 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 purchases of $799 or more. 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 can be redeemed as a statement credit or towards an eligible Amazon purchase.

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?

You can only use the card on Amazon, but with all the stuff sold on there, that's not so bad. There’s no annual fee with the Amazon.com Card, but you do have to subscribe to Amazon Prime, which is $99 per year after a 30-day free trial period, to qualify for rewards. 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 other options. The Amazon.com Rewards Visa from Chase offers 3% back on Amazon.com purchases; 2% at gas stations, restaurants, and drugstores, and 1% on everything else with no earning caps.

Next Steps

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