Credit Cards

[j_casteel]

Like the title states?

[Moleman_H]

Well, the store card gets you 6/12/24 month financing for purchases while the visa gives you 3 reward points per dollar spent at amazon (and 2 or 1 points elsewhere).

Oftentimes those who are in need of financing for consumer products outside of big-ticket long-term purchases like cars, houses, and home renovation don't really have enough volume outside of these fincanced items for the 3 reward points to make much of a difference. I'd go through my order report of the year before and use that to decide if it would be worth it.

That said, no, I don't have these cards. I don't need the financing and I use the Citi Forward for rewards at amazon.

[chnceit]

I have the Amazon store card. Didnt care for the reward points with Chase. The financing options with the store card comes in handy. Plus GE is great with CLI`s. Went from $1700 to $4000 in a year.

[navigatethis12]

I have both, but rarely use the store card anymore. The only time it beats the Visa, is if you finance more than six months. Otherwise, keeping the money in a savings account will earn 3% for six months which is the same as the Visa. Twelve months will earn 6% though, so then, the store card is better.

[SoCalBound]

Got the amazon chase card as the third card for my app spree.   2 months later decided having a store cardghat has grown will save me quite a bit 6-9 months from now to make some 12 months financed purchases before a few states start charging sales tax.   So I took the hit there.  I also got the citi forward and use that over the chase amazon.  0%. And 5 Ty points vs 3 points and 18%.   I get reimbursed for somespur chases and it can take up to 8 to 9 weeks so .

Sorry for any typing errors, iPad autocorrect is kicking my butt with these forums and making more errors.

[Moleman_H]

For the financing to be better than the 3% instant reward (if you already have the money and can put it in a savings account), that requires a savings account with more than 3% interest for the financing period. For the half year financing period, that would be 6.1% per year and for the 12 month financing it would be 3%.For the 24 months items, it's still 1.48%.

Hardly any bank is giving more than 1% per year for any sizable amount of money in savings accounts right now: https://www.google.com/advisor/ussavings?kw=12+month+cd&q=12+month+CD&s=1&gclid=CLG6oIaFtrMCFS6CQgod...

A 12 months CD tops out at 1.1% right now: https://www.google.com/advisor/uscd?bsp=1&s=1&kw=12%20month%20cd&group=GenericRadio&gclid=CLG6oIaFtr...

Do you seriously have a savings account that gives substantially more than 1% for anything but a toy amount of money?

[webhopper]

I have both; rarely use the store card. I apped for the store card after getting the 7-10 day message on the visa app.

[score_building]

have had both for several years

[youngandcreditwrthy]

Yeah.... 3-6% yield on any savings in not happening now.

Amex high yield personal savings is .90%.

Otoh, you could make some investments that pay high dividends and get 3-16% depending.
I have the store card! I love it. I buy my books with the zero percent, and save the cash while getting a little interesr, then sell my books back and pif. The Visa doesnt seem appealing to me. My limit w the store card haa gone from $1200 - $3000 in about nine months!:-)

[somnipotent]

Just have the GE card.  No need or desire to have the Chase version.  I'm keeping my exposure to each lender to the minimum.  I enjoy the 6/12/24 months 0% financing and the 4mos SP CLIs