Amazon.com offers 3 credit cards with reward points or special financing terms. Which one you prefer will depend on what you buy from Amazon and how often you buy from Amazon. See below for information and a review of each card:
- Amazon.com Rewards Visa (and Prime Rewards Visa) – If you’re a frequent shopper with Amazon, this is the credit card for you, especially if you are a paid Amazon Prime member. If you are an Amazon Prime member, you’ll get 5 points per dollar for every purchase you make on Amazon.com with the card (which equates to a 5% rebate on every Amazon purchase), 2 points per dollar on card purchases at gas stations, restaurants and drug stores, and 1 point per dollar everywhere else. You can then use the points for cash back or to buy books and merchandise on Amazon, including getting products free or using your points balance to offset part of the purchase price of Amazon merchandise. Bonus: once you are approved for the credit card, you’ll instantly get a $70 credit in your Amazon.com account. If you are not a Prime member, you’ll still get 3 points per dollar (a 3% rebate) on Amazon purchases and the same points described above on other purchases. Once approved, you’ll get a $50 credit in your account. Still a good deal. Both cards are issued in partnership with Chase Bank.
- Amazon.com Store Credit Card (and Amazon Prime Card) – If you are a paid Amazon Prime member, this credit card gives you 5% off every Amazon.com purchase you make, a very nice perk. If you are not a Prime member, it does not offer any rewards, but it does offer 0% financing for a period from 6 to 24 months — provided you pay off the balance before the 0% period is over. You get 0% financing for 6 months on purchases of $149 or more, and 12 months for purchases of $599 or more. Certain big-ticket Amazon items even qualify for 24-month financing. HOWEVER, you MUST pay off your complete balance within the initial financing period or you will be charged all of the interest you would have been charged from Day 1, as if the 0% period had never existed. So, be careful. Issued in partnership with Synchrony Bank.
- Amazon.com Corporate Credit Line – If you are a business or non-profit that has reason to buy often from Amazon, you might like this financing option that allows you to choose from a pay-in-full charge card or a revolving-balance credit card. Issued in partnership with Synchrony Bank.