AMAZON PRIME STORE CARD

[Atonswife]

I just received an email stating I was pre-approved for the Amazon Prime store card. I logged into my Amazon account and see the pre-approval along with a $20 gc if approved. Is this a good deal? Or is there a chance a bigger gc promo will come soon? I mean I shop amazon often especially during the holiday time and I am a prime member. Just wondering if I should hold out a bit.
Thanks

[Anonymous]

You also get 5% back as being a prime member plus getting the foot into Sync bank is great because of the CLI love they tend to give out Oh and I use my Amazon Prime a lot hahaha!

[Atonswife]

Thanks dodgey. I'm sure i'll get great use out of it because I shop Amazon a lot even during off season (non-holiday time) so the 5% back is great. I'm more so wondering about the gc deal that comes with it. I mean hey $20 is still not bad since that's $20 less out of my pocket but was only curious how often these deals change. I definitely want in with Synch because I want a Banana Republic card. That is definitely a card I would burn through!

[longtimelurker]

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@Atonswife wrote:
Thanks dodgey. I'm sure i'll get great use out of it because I shop Amazon a lot even during off season (non-holiday time) so the 5% back is great. I'm more so wondering about the gc deal that comes with it. I mean hey $20 is still not bad since that's $20 less out of my pocket but was only curious how often these deals change. I definitely want in with Synch because I want a Banana Republic card. That is definitely a card I would burn through!

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The basic question is how much you spend on Amazon each  month (say) and what is your best card now.   If you spend enough, and your current card is say 2%, waiting for a possible better offer may make little sense.   If you spend (as an example, I don't know what "a lot" means!) $300 a month, the card will give you an extra $9 over a 2% card, so waiting four months for a possible $50 offer (which may never happen) would be a loss.

People tend to do the same waiting for a Freedom $200 bonus, without calculating whether getting the Freedom now would more than make up the $100 difference in bonus

[Anonymous]

hahah I feel you! I have the Old Navy card and Im burning that like crazy and you can use that card to shop at Gap and Banana so I shop at all 3 with one card Do let us know how it goes with that call

[Atonswife]

@longtimelurker thanks..that really makes a lot of sense. I can easily spend 300+/mo and way more during the holidays. Currently my highest cash back card is my QS Visa Sig @1.5%. I think i'm just going to go for it now since I actually have some shopping to do. Again $20 gc is $20 less out of my pocket.

@dodgey I will most certainly let you know how it goes.!!

[Anonymous]

It's a pretty good store card if you use Amazon a lot. Once you get the physical card in the mail, call up and ask for a higher SL. I was approved for 2200, called the day I got my card, asked for 10k and they approved it on the spot.

Good luck!

[Anonymous]

Is that 5% cashback for Prime members on EVERYTHING?  That's pretty awesome, I think that will be my next card because I have Prime and buy almost everything from Amazon unless I need it same day... I could see that card being pretty beneficial as long as I keep the utilization low.

[creditguy]

It's a good card with no downside and it grows like a weed.

[Anonymous]

Yup. 5% on everything. Or 6 Month no APR on $150, 12 month on $500+