11-04-2012 07:39 AM
Like the title states?
11-04-2012 08:35 AM
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.
11-04-2012 08:50 AM
11-04-2012 09:09 AM
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.
11-04-2012 09:27 AM
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.
11-04-2012 11:34 AM
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+mon
A 12 months CD tops out at 1.1% right now: https://www.google.com/advisor/uscd?bsp=1&s=1&kw=1
Do you seriously have a savings account that gives substantially more than 1% for anything but a toy amount of money?
11-04-2012 12:11 PM
11-05-2012 05:32 AM
11-05-2012 08:23 AM
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
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