Amazon Credit Card – How to apply?

By Marcos • 12/01/2024

The Amazon card was created to serve both customers who make frequent purchases and those who use the platform occasionally. 

Its rewards program is completely attractive, helping consumers save on their purchases, making it a valuable tool for those who trust Amazon to purchase special items or gifts. 

In addition to its rewards program, this card includes useful tools for financial management and a series of features that improve the shopping experience. Next, we will better understand how the Amazon card works. 

How does the Amazon Credit Card work?

The Amazon rewards program card works as a credit card traditionally with a cashback program, but offers additional perks for frequent Amazon shoppers. 

Once approved, the card is linked directly to your Amazon account, making it easy to use for all purchases made on the platform. 

This integration ensures that rewards are automatically accumulated at the time of purchase, with cashback rates varying according to the expense category.

Main benefits of Amazon Card

Firstly, he does not have an annual fee, which makes it accessible to a wide range of customers. This absence of fees ensures that cardholders can make the most of their savings without worrying about additional costs.

Another big difference is the seamless integration with the Amazon shopping experience. From easy rewards redemption to exclusive offers for cardholders, it significantly improves the convenience of shopping on the platform. 

In addition, customers can take advantage of exclusive financing offers, allowing large purchases to be paid in installments without interest accrual, when certain conditions are met.

Finally, the card also offers fraud protection and robust security features. All purchases are monitored for unusual activity, and cardholders are not responsible for unauthorized charges. 

Cons of Amazon Credit

Despite the attractive benefits, the Amazon card has some disadvantages that should be considered before signing up. 

One of them is the high interest rate (APR), which can make using the card expensive for those who usually carry a balance from one month to the next. 

If the balance is not paid off in full, the interest charges may exceed the value of the rewards accrued.

Another point to take into account is that the card’s benefits are more limited outside of the Amazon ecosystem. 

While it offers great returns for purchases at Amazon and Whole Foods, the cashback rate for other categories is just 1%, which may not be as advantageous for those who want a more comprehensive card. 

Furthermore, to obtain the maximum 5% cashback rate, you must be a subscriber to Amazon Prime, a service that has its own annual cost. 

Without this signature, the cashback is reduced to 3%, which could lessen the card’s overall appeal to non-Prime users.

APR and Fees

Although the credit card does not cover annual fees, it has other fees that may impact the cost-benefit for some users. 

An Annual interest rate (APR) varies between 18.99% and 26.99%, depending on the customer’s credit history, which makes it a less attractive card for those who do not pay their balance in full. 

And it’s worth considering that the card charges a 3% fee on transactions carried out outside the United States, something that can be an inconvenience for frequent travelers or those who make purchases on international websites.

It is also important to consider the penalties for late payment. Failure to pay on time can result in a fine of up to $40, a significant amount for those who don’t manage deadlines carefully. 

How to apply for the Amazon Card Credit

The process for requesting the no annual fee Amazon credit card is straightforward and accessible for most users. It all starts on the Amazon website, where you can find the section dedicated to credit cards. 

You need to check that you meet the eligibility criteria, such as having a good credit history and an active Amazon account, as the card is directly linked to the platform.

After accessing the application page, the form requires basic information such as name, address, income, and Social Security number (SSN). After filling in the data, the order analysis begins. 

In many cases, approval is instantaneous, but in specific situations, it may be necessary to wait a little longer for the information to be verified.

Once approved, the card is automatically linked to your Amazon account, allowing you to immediately start using it for online purchases. 

Meanwhile, the physical card is sent to the registered address, ensuring convenience and quick access to the benefits offered.