Home Amazon Amazon Store Card: 7 Important Amazon Prime Card Details

Amazon Store Card: 7 Important Amazon Prime Card Details

There is a new Amazon Prime Store Card that offers 5% back to Amazon Prime members or special 0% financing options for many Amazon purchases. This is an upgraded Amazon Store Card specifically for Amazon Prime members.

This isn’t exactly an Amazon cash back credit card, because the credit only hits your statement, but it is an interesting option that savvy shoppers will want to pay attention to.

With the right budgeting and planning this offers an option for users to save 5% on an iPad, new Android tablet, most Android phones, MacBooks, Windows notebooks and tablets, HDTVs, the PS4, Xbox One, major appliances, DVDs and books to name a few things. Many of these items also qualify for the special Amazon Store Card financing options for 5, 12 or 24 months.

What you need to know about the Amazon Store Card for Prime Members.
What you need to know about the Amazon Store Card for Prime Members.

The Amazon Store Card for Prime Members is issued through Synchrony Bank, the same bank that handles the mainAmazon.com Store Card. There are some negative reviews from users who did not understand the payment terms with the special financing options, so make sure you pay attention to the details.

Here are seven important details you need to know about the new Amazon Prime Store Card.

5% Back on Amazon Purchases

Amazon Store Card - Prime Card 5 percent - 1The biggest reason this new Amazon Store Card is a tempting option for Amazon Prime members is that you can score 5% back every day.

For comparison the Amazon Rewards Visa only offers 3% back at Amazon, but there is a bigger sign up bonus and you can use the Amazon Rewards Visa by Chase at other stores.

Unlike the Chase Freedom card that only offers 5% back on Amazon purchases in the last several months of the year, this works every day.

No Interest on Major Purchases for 6, 12 or 24 Months

For users who don’t want to get the 5% cash back on a purchase it is possible to use the promotional financing. As long as you pay off the purchase before the 6, 12 or 24 month period there is no interest on the purchase, but if you don’t pay it off on time you need to pay interest on the whole purchase from the date of the purchase.

This will stack of the 25.99% interest rate on your card for the last 6, 12 or 24 months. If you use this, it may be best to only make one major purchase at a time.

What Qualifies for Special Financing Offers

Here's what you can get special financing on.
Here’s what you can get special financing on.

Amazon offers a handy list of things that qualify for the special Amazon Store Card financing deals. The 24-month special financing offers on Amazon are only good on HDTVs and Autodesk software.

The 12-month and 6-month special financing options are valid on any order above $599 or $149 respectively. That means you can add almost anything to your cart to hit this level and use the promotional financing.

When you check out you can choose 5% back or the financing offer, but beware that Amazon may set a default for you or set this card to a default payment option as part of the checkout process, so be sure to verify that your payment options are right for the next purchase you make.

No Annual Fee, But $99 Amazon Prime Required

There is no annual fee for the Amazon Store Card, but that doesn’t mean that it is free to use. You need to be an Amazon Prime member to use this special Amazon Prime Store Card.

Amazon Prime is $99 a year and it includes free two day shipping, $3.99 one day shipping options, unlimited access to music, movies and TV shows. Users also get free Amazon Cloud Drive storage with unlimited photo storage and can read free books through the Kindle First and Kindle Owners’ Lending Library.

$40 Sign Up Bonus

When you apply and are approved for the Amazon Prime Store Card you get a $40 Amazon account credit. This is small compared to some of the other bonus sign up options, but it is almost like getting Amazon Prime for half off for one year.

This is on top of the 5% back bonus and financing offers, so you don’t have to choose between this offer and the others — but you only get it once.

Only Purchases at Amazon.com

The new Amazon Store Card for Prime Members only works at Amazon.
The new Amazon Store Card for Prime Members only works at Amazon.

The Amazon Store Card and Amazon Prime Store Card are only good for purchases at Amazon. You cannot use this to make purchases at the gas station, McDonald’s and any other store.

This is fine as long as you know what you are signing up for and plan to use it accordingly, but if you want one you can use at other locations there are other cards to look at.

Compare to Other Credit Cards

Before you jump in and sign up for the Amazon Store Card and Amazon Prime Store Card you should look at other options. The Amazon.com Rewards Visa Card offers a $70 sign up option, 3% back at Amazon, 2% back at gas stations, restaurants and drugstores as well as 1% cash back on other purchases. This card also offers drastically lower interest rate options starting at 14.24% — but without any special financing options.

There is also a Chase Freedom card that includes 5% cash back on Amazon purchases from October through December only.

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11 Comments

  1. Austin Powers

    04/16/2015 at 9:50 am

    When comparing other cards, your math doesn’t add up Josh.

    Reply

  2. Ninja

    05/24/2015 at 9:33 am

    Great article, very informative.

    Hopefully you’ll be able to answer this question: I applied for this card after being approved for the Amazon Visa. I was denied but I thought that it was because I forgot to add my suffix to my application details, however, I was denied again, for the second time within 5 minutes.

    So my question is; did they do a hard or soft pull to my credit and did it happen twice?

    Thanks for your time!

    Reply

  3. Francia

    07/29/2015 at 3:24 pm

    Is only for USA?

    Reply

  4. Hannah

    08/04/2015 at 9:27 pm

    I like the 5% but I only use this card for items that I know I won’t have issues with, like dog food. I would never use it to buy electronics or other important items bc using a major cc gives you an extra year warranty so getting an extra 2% isn’t worth losing a free year warranty.

    Reply

  5. RJ

    10/30/2015 at 11:54 am

    I have the amazon store card with a very healthy CL and im grateful because i purchase a lot from amazon even though i have the ebay mastercard with a higher CL amazon’s zero interest for 6 months is great. i bought a brand new laptop and as a prime member got it the next day and since it was new i got a one year manf. warranty directly from HP im wondering if i should wait till i pay off the purchase first before switching because im not sure if i will lose the financing for the 5% cash back does anyone know ?

    Reply

  6. Bonita J sianis

    01/15/2016 at 9:17 am

    I have been trying to cancel my amazon prime card, I want to keep my amazon.com card. It said on your page that you can cancel at any time. Well I have chatted and called everyone and no one will cancel thisw card.

    Reply

  7. Atheena

    07/22/2016 at 4:46 am

    The truth about this card.

    1.) They choose what to pay off Randomly. I sent in a larger than normal payment to pay off my non promotional balances (what I owe that is not on payment plans – the base debt). There was plenty left over to pay off my upcoming August thru October promotional balances (each time you order something on a promotion each item incurs a separate promotional plan. IF you buy 4 items each over 149 on one order instead of getting on that is financed for 6 months you get 4 that are each financed for 6 months. This seems harmless and ok find out the *computer pays off your upcoming promotional balances RANDOMLY* This is what the assistant said to me.

    2.) IF you ask them to pay it off off in order of sale date they have to file a ticket which will take 2 to 3 statement cycles to show up AND it will not show up on your statement till then. Since your accounts are aging out and you have to pay off the interest in those times which are as stated in item 3 below. YOU have no way to see they actually paid off the items OR if they add the interest you did not pay during these times.

    3.) Statements do not show your separate balances. On your statement they DO NOT provide you with simple broken down totals,
    a.) your non-promotional balance.
    b.) They do not give you a balance to pay off they next total for upcoming months.
    They expect you to do the simple math that quote the assistant “Even a human can do it” Sure I can do it… but why???? Why should I have to?

    There is a level of standards generally accepted in the USA. These have dropped. IF You need this card and stuck getting it… BEWARE the people behind this are people who are doing a very high class SCAM!!! Anyone who tricks you out of money or sets you up to give them more money than is fair is a SCAM.

    IF I had been able to add a photo I have one of my statement to prove what I have said here.

    Reply

  8. Terry Weaver

    02/10/2017 at 2:27 pm

    Amazon Prime store card is not for me! I am having statement mailed to me to pay bill! These terms are confusing, as I do not pay bills thru e-mail. How do I cancel AmazonPrime store card? Last digits 7633 I will pay bill when received in mail. Thank You!

    Reply

  9. Under cabinet radio.tech

    02/18/2017 at 7:24 pm

    It’s awesome to pay a visit this site and reading the views of all colleagues concerning this piece
    of writing, while I am also zealous of getting familiarity.

    Reply

  10. Kay Latona

    03/29/2017 at 1:29 pm

    1. When I read the information about the Amazon.com store card, I see “eligible purchases.” What are they?
    2. I think I recall reading, when I signed up, that .eligible purchases were those both “sold by” and “fulfilled by” Amazon.com. Is that the case?
    1. What does “fulfilled by” mean?

    Reply

  11. Doug Stivers

    04/26/2017 at 7:12 am

    Do the math people.

    If it says to pay it off in 6 months, figure out what the payments are for 5 months and do it.
    If it says to pay it off in 12 months, figure out what the payments are for 11 months and do it.
    I do it this way every time. It’s really not hard to keep track of individual purchases and figure out what the monthly payment should be.

    Reply

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