Amazon is a leading e-commerce platform that offers a variety of sought-after financial products alongside its extensive range of products for sale.
If you've heard about some financing options on this website, you might be interested in knowing how to apply for an Amazon credit card online.
Amazon is one of the world's most significant digital stores and is considered one of the leading companies in e-commerce. It was founded by Jeff Bezos on July 5, 1994, in Washington, United States.
However, it's not just a portal dedicated to product marketing; it has diversified by offering its customers various services, making it one of the most profitable platforms at the moment.
One of the categories the company currently handles is facilitating access to financial products such as credit cards, including gift cards and other benefits.
Credit Options Offered by Amazon
It's important to note that Amazon is not a financial services provider; it's a service that the company offers to assist you in obtaining a credit card and gaining more opportunities for offers.
Some of the credit cards you can apply for through this platform include the Amazon Rewards Visa Signature Card, Amazon Prime Rewards Visa Signature Card, and the Amazon.com Store Card Credit Builder.
In addition to the mentioned shopping cards, they also offer the classic Amazon.com Store Card, a tool with multiple benefits, including its ease of application and quick approval.
Amazon Store Card Credit
The Amazon.com Store Card credit card is a financial tool backed by Synchrony Bank that you can use to pay for purchases made on Amazon.com.
Additionally, it's a card that rewards you with up to 5% cashback on your purchases, which you can use to acquire any product on the Amazon website.
While the credit limit is $149, Amazon provides you with the opportunity to choose from various extended credit plans with competitive interest rates and payment terms ranging from 6 to 24 months.
Features of the Amazon.com Store Card Credit
When you make a qualified purchase with this credit card, the company offers you the opportunity to pay off the amount through a financing plan with monthly payments of the same amount.
Furthermore, it's a card that doesn't have annual maintenance fees or security deposits. It also features a robust fraud protection system.
Getting this card allows you to join Amazon Prime, a service that offers multiple benefits, including the highly sought-after next-day free delivery option.
Benefits of the Amazon Store Card
One of the benefits of this card is the opportunity to receive up to 5% cashback on eligible purchases made on any Amazon platform, which can be used as savings on future purchases or as credit.
Upon approval of this card, Amazon will also gift you a $10 gift card, which will be added to your Amazon wallet. This Gift Card can be used as a way to save on future purchases.
This credit card, in addition to its financial benefits, is easy to obtain as it doesn't require physical documentation and has a straightforward application process.
How Retroactive Rewards Work
As mentioned earlier, upon obtaining this credit card, you can register for Amazon Prime. As a Prime member, you can opt for cashback on a percentage of your eligible purchases.
This process involves accumulating reward points in your account for transactions you make. Each point is equivalent to $1, and these points will be credited to your account after two billing cycles.
After points are added, view and redeem them in your card balance for products on Amazon or its affiliates. Points cannot be combined with other promotions.
Requirements to Apply for the Amazon Store Card
To apply for this credit card or any others offered by Amazon, you need to meet the following requirements set by the company:
- You must be a resident of the United States of America;
- You must have a Social Security Administration number or an Individual Taxpayer Identification Number (ITIN);
- You must be over 18 years of age;
- You must complete the application process on the website.
It's important to note that both this credit card and any other financial product offered by Amazon go through an evaluation process by the issuing bank, and the approval is at their discretion.
Amazon.com Store Card Fee Schedule
When making credit purchases, the financing installments to repay the amount will be calculated using the Annual Percentage Rate associated with this product. The APR is 25.99% of the total amount.
If after the close of your billing cycle, you fail to meet the payment date and amount stipulated for the installment, Amazon may apply a late payment penalty, adding $39 to your account balance.
As mentioned earlier, obtaining this product doesn't incur any annual fees, making it highly competitive since other institutions usually charge an annual fee whether you use the card or not.
How to Apply for an Amazon.com Store Card
To apply for the Amazon.com Store Card, start by visiting the Amazon website and selecting the Credit Cards option. This section will display a catalog of all the available cards and their benefits.
Analyze each of the benefits and choose the one that best suits your needs. Click on "Apply Now," and the system will take you to the website of the financial institution that issues the product.
Fill out the form with your personal information, primarily indicating your Social Security Administration number or ITIN. Select the "Submit Application" icon and wait for a response from the financial institution.
Promotion of Amazon.com Credit Card Payment Plans
Currently, when you make purchases with this credit card, Amazon offers a variety of options to finance your debt, making repayment comfortable and tailored to your capacity to pay.
One option is 0% APR equal monthly payments: 6 months for $150, 12 months up to $600, and 24 months for larger amounts.
Another option is a special financing offer available on all purchases over $150. This financing, like the equal monthly payments, is subject to Amazon's approval.
Advantages of Having an Amazon Store Card
This card requires simple procedures to apply, and there's no need for physical document submission. Consequently, the response from the financial institution is quick.
Additionally, this card doesn't incur any additional charges for annual fees or monthly inactivity. Therefore, the company doesn't obligate you to use the card unless necessary.
Furthermore, it's a financial tool that comes with a points and rewards program, benefiting you in your purchases and providing protection against potential fraudulent transactions.
As of now, this credit card is only available to residents of the United States. Therefore, if you are outside of the U.S., you won't be able to apply for it.
To be approved for this credit card, you should have a good credit history. Otherwise, you risk being denied by the financial institution that backs the product.
To avoid additional charges for missed payments or late payment of the financing installment, it's recommended to stay on top of your payments to prevent accruing late fees.
If you need more information or want to get in touch with someone from the institution, you can reach out to the financial institution responsible for issuing this credit card, which is Synchrony Bank.
You can also visit any of Synchrony Bank's branches, which you can locate on the map displayed on their website.
Phone and Website
If you wish to inquire via phone, you can call 1-866-419-4096 or if you prefer electronic communication, you can do so through the interactive chat on their website.
You can also reach out through their social media channels to address your questions and concerns. You can contact them on Facebook @SynchronyFinancial, or on Instagram and Twitter as @synchrony.
Amazon offers a wide range of credit cards, each tailored to your needs. Before applying for any of these products, identify the options that best suit your budget and lifestyle.
Disclaimer: You should consider that the approval of this product comes with risks that you'll need to assume. Therefore, review the terms and conditions issued by the institution to avoid future inconveniences.
Website – Locations Near Me | MySynchrony