Amazon Store Card Review

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The Amazon Store Card is a great product for Amazon Prime members who order a significant amount from the online retailer and don't have excellent credit. If you don’t have Prime, there isn’t much reason to get the card, since you won’t be eligible to earn any rewards.

Although the Amazon Store Card (issued by Synchrony Bank) has a couple of special 0% interest financing options whether you are a Prime member or not, the true value of the card is in the rewards you’ll earn on Amazon purchases.

Amazon Store Card

overall rating
3.5
Amazon Store Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Fair - Excellent
Regular APR (%) 27.74% variable
Annual Fee $0
Rewards Earning Rate Prime members earn 5% back on Amazon.com purchases.
Ratings Breakdown
for Interest
1.7
for Fees
3.7
for Rewards
4.3
for Credit
4.2

$10 Amazon.com Gift Card upon account opening

Who is This Credit Card Best For?

  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain
    Deal Seeker
  • Avatar for Family Shopper Persona
    Looks for good quality at a fair price while buying for the household
    Family Shopper
  • Avatar for Trendsetter Persona
    Loves being the first to try something new
    Trendsetter
  • Avatar for Brand Loyalist Persona
    Frequently shops with a particular merchant and wants to be rewarded for their loyalty
    Brand Loyalist

The Amazon Store Card is geared toward Amazon.com super shoppers who already have or don’t mind paying for a Prime membership ($119 per year, if you pay annually), and who spend enough at the internet retailer to make the card worthwhile. If you spend $2,400 a year and earn rewards on that spend, that covers your Prime membership—so anything above that means extra savings for you. 

The caveat here is that you don’t ever want to find yourself in a situation where you’re paying the high APR (so avoid revolving balances), and you should use the financing options sparingly since when you do, you won’t earn the 5% on those purchases.

Pros

  • Rewards for Prime members

  • Special financing options

Cons

  • High APR

  • Rewards can only be redeemed as Amazon credit

  • Puny sign-up bonus

  • Deferred interest

Pros Explained

  • Rewards for Prime members: If you have an eligible Amazon Prime Membership when you apply for the card, you’ll get an automatic upgrade to The Amazon Prime Store Card, subject to credit approval. This allows you to earn 5% back on all of your Amazon.com purchases—the true benefit of this card.
  • Special financing options: If you are not a Prime Member, or if you decide you want to forgo rewards in exchange for extra time to pay off a purchase at 0% APR, you can select one of two options that will be displayed during checkout. The first one allows you to pay no interest if the purchase is paid in full within six, 12 or 24 months (the promotional period offered depends on purchase price). Or, you can split your purchase into equal monthly payments.

Warning

If you’re late paying your bill or don’t pay the full amount owed when using the special financing options, you will be charged the full APR on the original purchase amount. Ouch!  

Cons Explained

  • High APR: Most store cards have higher APRs than what you’d find on regular credit cards, and this one is no exception.
  • Rewards can only be redeemed for Amazon credit: The 5% reward is great if you’re someone who is on a first-name basis with the Amazon delivery guy. But with no other redemption options, it’s of little use to once-in-a-while shoppers.
  • Puny sign-up bonus: A $10 instant account credit might seem appealing when you’re about to check out, but that alone shouldn’t influence you to apply for the card if it isn’t otherwise a good fit for you. 
  • Deferred interest: If you’re using a promotional financing offer and don’t pay off the purchase by the time it ends, you’ll be charged interest on your remaining balance back to the date of purchase. This is a common (and costly) interest structure on retail cards.

Amazon Store Card Sign-Up Bonus 

You’ll get your Amazon Store Credit Card bonus instantly upon approval, unlike other rewards credit cards that offer sign-up bonuses based on if you can meet a minimum spend. For the Amazon Store Credit Card, it’s a $10 credit. If you’re a Prime member already, you may receive a higher instant account credit offer. 

Earning Points & Rewards

Amazon rewards earnings are unlimited, but you must be a Prime member. Amazon says it may offer occasional bonus rewards points on certain purchases. In such cases, the offer will be noted on the product page or during checkout.

Tip

You can head to your account settings to set your default option to the 5% back offer, so that you don’t accidentally choose the special financing or equal monthly payments options and lose rewards.

Redeeming Rewards

Any rewards you earn will be credited to your Amazon.com account. You can opt for a one-time statement credit or automatically redeem your available rewards points balance as a statement credit at the end of each subsequent billing cycle. It may take up to two billing cycles for your earned rewards points to be credited. Be aware that if you return a purchase made with rewards points, it may take up to five days for the points to be credited back to your account. 

How To Get The Most Out Of This Card

It’s simple: Be a Prime member and spend a lot at Amazon.com. The more you spend, the more value this card will have for you. The other side of that coin is to make sure you pay your bill in full each month so you’re not hit with high finance charges. And whenever possible, choose the 5% reward over the financing options, which can be costly if you miss a payment.

Note

If you have good to excellent credit, you may qualify for the Amazon Prime Rewards Visa Signature. It has the same high rewards rate but also earns rewards anywhere that accepts Visa. There’s no special financing, but you also have more rewards flexibility with the Visa version.

Customer Experience

Cardholders have access to 24/7 customer service support by phone with Synchrony Bank. However, the bank only scored a two out of five rating in JD Power’s 2018 Credit Card Satisfaction Study, the second-worst rating in the study.

Security Features 

The Amazon Store Card features standard security features, the most important one being zero fraud liability. That means if your card is stolen or fraudulent charges appear, you’re off the hook.

Fees

Amazon Store Card doesn’t have an annual fee, and late fees are in line with most credit cards. Most of the other fees you might be familiar with on other products (foreign transaction, balance transfer, and cash advance fees) don’t apply because it’s a store card.

For Amazon Store Card
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See how this card stacks up to the competition
CURRENT CARD
Amazon Store Card
overall rating
3.5
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Fair - Excellent
Regular APR (%) 27.74% variable
Annual Fee $0
Rewards Earning Rate Prime members earn 5% back on Amazon.com purchases.

Our Methodology

  • At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.