topic Re: Amazon Prime Visa Signature Card in Credit Card Applications

Amazon Prime Visa Signature Card

Anonymous — Mon, 16 Apr 2018 02:43:00 GMT

Hi,

I am tempted to obtain Amazon Prime Visa Signature Card. Since I have Amazon Prime Student and I buy almost everything from Amazon, it seems to be a great deal. It has been two weeks I'm desperate to get one, but I fear if I could be denied andmight lower my credit score.

I have 719 TransUnion and 704 Equifax, but FICO Score is not yet available because my account is just 4 months old. Currently, I have Discover it with 1k credit limit. Since I am a student, I have annual gross income of just 6.6k.

Is there a good chance that I will be approved for Prime CC? I am really worried about it.

Re: Amazon Prime Visa Signature Card

joltdude — Mon, 16 Apr 2018 02:48:59 GMT

@Anonymous wrote:
Hi,
I am tempted to obtain Amazon Prime Visa Signature Card. Since I have Amazon Prime Student and I buy almost everything from Amazon, it seems to be a great deal. It has been two weeks I'm desperate to get one, but I fear if I could be denied andmight lower my credit score.
I have 719 TransUnion and 704 Equifax, but FICO Score is not yet available because my account is just 4 months old. Currently, I have Discover it with 1k credit limit. Since I am a student, I have annual gross income of just 6.6k.
Is there a good chance that I will be approved for Prime CC? I am really worried about it.

Wait 2 months.....

See what your real scores are (from in your discover account and discover credit reportcard (2 diff CRAs and real ficos on both)

Then decide...

-J

Re: Amazon Prime Visa Signature Card

sarge12 — Mon, 16 Apr 2018 02:53:39 GMT

@Anonymous wrote:
Hi,
I am tempted to obtain Amazon Prime Visa Signature Card. Since I have Amazon Prime Student and I buy almost everything from Amazon, it seems to be a great deal. It has been two weeks I'm desperate to get one, but I fear if I could be denied andmight lower my credit score.
I have 719 TransUnion and 704 Equifax, but FICO Score is not yet available because my account is just 4 months old. Currently, I have Discover it with 1k credit limit. Since I am a student, I have annual gross income of just 6.6k.
Is there a good chance that I will be approved for Prime CC? I am really worried about it.

I have that card, but it is my understanding that it is one of the harder cards to obtain. Any credit application will lower a score a little for the inquiry. I don't want to rain on your parade, but with your score and short credit history a denial is likely.

Re: Amazon Prime Visa Signature Card

Anonymous — Mon, 16 Apr 2018 03:06:42 GMT

Wait. It's a chase card. Some have luck with lower scores but it's not an easy get

Re: Amazon Prime Visa Signature Card

Anonymous — Mon, 16 Apr 2018 03:10:29 GMT

I'm assuming those are your VS 3.0 scores, probably from CK, which aren't relevant at all to a potential Chase app. I certainly would advise against applying for the Amazon card now.

As stated above, once you hit 6 months of credit history you'll be able to get a FICO score. You can do so for free at creditscorecard.com. Then, at least you'll know where you stand. I also think 6 months of credit history may be a bit too low for Chase's liking. Perhaps look at the credit pulls database or start a thread asking who has been approved for a Chase CC with 6 months of credit history, what card it was, what their FICO scores were at the time of apping, income level, etc. My conservative suggestion would be to wait until you have 1 year of credit history and possibly more income by then prior to apping for the best possible result.

Re: Amazon Prime Visa Signature Card

Anonymous — Mon, 16 Apr 2018 14:11:56 GMT

While this is purely anecdotal, one thing I noticed with Amazon and their various credit programs is the frequency of them encouraging applications while in the "cart" page. With me it was the Amazon store card. Once it started showing up I eventually apped and was approved. Just recently that ad changed to the Chase version and this just so happened to coincide with my credit scores increasing. Like with the store card I apped and was approved. Coincidence, marketing wank or some form of pre-qual?

Re: Amazon Prime Visa Signature Card

Anonymous — Mon, 16 Apr 2018 14:20:35 GMT

Exactly, that's why I'm a bit hesitant to apply.

Re: Amazon Prime Visa Signature Card

Gregory1776 — Mon, 16 Apr 2018 16:22:16 GMT

Wait until the disco is 13 months old. Chase wants you to have a year history with a credit card. You won’t be approved in 2 months.

Re: Amazon Prime Visa Signature Card

Anonymous — Mon, 16 Apr 2018 17:07:46 GMT

I applied for one two months ago, and was rejected. I have a chase Slate with a $500 limit. I have had the card for 13 months and never had a late payment and it is paid off. They also rejected me for a credit increase. For some reason, Chase hates me.

Re: Amazon Prime Visa Signature Card

HeavenOhio — Mon, 16 Apr 2018 17:20:58 GMT

@Gregory1776 wrote:
Wait until the disco is 13 months old. Chase wants you to have a year history with a credit card. You won’t be approved in 2 months.

^^ This is much more important than your score.

Re: Amazon Prime Visa Signature Card

Gregory1776 — Mon, 16 Apr 2018 18:03:27 GMT

@Anonymous wrote:
I applied for one two months ago, and was rejected. I have a chase Slate with a $500 limit. I have had the card for 13 months and never had a late payment and it is paid off. They also rejected me for a credit increase. For some reason, Chase hates me.

Young profile...

Let your credit report age, you might be better off getting a whole new Chase card 1+ years from now.. 😊

Re: Amazon Prime Visa Signature Card

Anonymous — Mon, 16 Apr 2018 18:50:58 GMT

I closed the account today. NFCU just approved me for 6.4k with the CashRewards card. I called Chase and they said they would not approve me for a line increase. NFCU and Capital One love me, Chase and I didnt get along haha.

Re: Amazon Prime Visa Signature Card

Gregory1776 — Mon, 16 Apr 2018 19:22:01 GMT

@Anonymous wrote:
I closed the account today. NFCU just approved me for 6.4k with the CashRewards card. I called Chase and they said they would not approve me for a line increase. NFCU and Capital One love me, Chase and I didnt get along haha.

☹️

Try again with chase later on if you want/need any of their cards!

Re: Amazon Prime Visa Signature Card

Anonymous — Tue, 17 Apr 2018 00:47:19 GMT

@AnonymousWhile this is purely anecdotal, one thing I noticed with Amazon and their various credit programs is the frequency of them encouraging applications while in the "cart" page. With me it was the Amazon store card. Once it started showing up I eventually apped and was approved. Just recently that ad changed to the Chase version and this just so happened to coincide with my credit scores increasing. Like with the store card I apped and was approved. Coincidence, marketing wank or some form of pre-qual?

Marketing and your example above is the exact reason why it's done. You apped not for just one, but both Amazon cards since both of them were in your face. The chances of you actually needing both of these competing products is probably pretty slim. Ask yourself the question, if neither of those products were ever encouraging your application at the cart page, would you have applied for both of them? One? Perhaps neither?

Re: Amazon Prime Visa Signature Card

Anonymous — Tue, 17 Apr 2018 03:07:54 GMT

@Anonymous
Marketing and your example above is the exact reason why it's done. You apped not for just one, but both Amazon cards since both of them were in your face. The chances of you actually needing both of these competing products is probably pretty slim. Ask yourself the question, if neither of those products were ever encouraging your application at the cart page, would you have applied for both of them? One? Perhaps neither?

Actually I would have. Perhaps not at the time I applied for the VISA but it was on my list of possibles. Not completely for it it's affiliation with Amazon though per say as I have been quite happy with the store card version. In my instance it boiled down to the simple fact that I wanted a VISA in my wallet as everything else is either MC, AMEX or Disco and the timing was right. I'm overtly cynical by nature so for marketing gimmicks to draw me in they have to really play to my interests. Some do just that but alot of them simply do not.

Re: Amazon Prime Visa Signature Card

Anonymous — Tue, 17 Apr 2018 03:11:55 GMT

What is the benefit of having both, though? Doesn't obtaining the Visa version that you wanted sort of make the store card obsolete, assuming you're going to now use the Visa?

Re: Amazon Prime Visa Signature Card

Anonymous — Tue, 17 Apr 2018 05:05:26 GMT

As it stands right now the store version offers certain financing options/periods that the Chase card currently doesn't. I've read that that may change but there was nothing in the paperwork that I just received that states that. At the end of the day it's all about options and I like to have as many as I can.

Re: Amazon Prime Visa Signature Card

UncleB — Tue, 17 Apr 2018 05:23:09 GMT

@Anonymous wrote:
As it stands right now the store version offers certain financing options/periods that the Chase card currently doesn't. I've read that that may change but there was nothing in the paperwork that I just received that states that. At the end of the day it's all about options and I like to have as many as I can.

There's nothing wrong with having options.

As for the changes on the Amazon Visa, that's taking place on 5/25/2018. You should be getting a notice in the mail if you haven't already.

More info here: https://www.doctorofcredit.com/chase-amazon-card-to-offer-financing/

Re: Amazon Prime Visa Signature Card

SouthJamaica — Tue, 17 Apr 2018 12:47:21 GMT

@Anonymous wrote:
Hi,
I am tempted to obtain Amazon Prime Visa Signature Card. Since I have Amazon Prime Student and I buy almost everything from Amazon, it seems to be a great deal. It has been two weeks I'm desperate to get one, but I fear if I could be denied andmight lower my credit score.
I have 719 TransUnion and 704 Equifax, but FICO Score is not yet available because my account is just 4 months old. Currently, I have Discover it with 1k credit limit. Since I am a student, I have annual gross income of just 6.6k.
Is there a good chance that I will be approved for Prime CC? I am really worried about it.

It is a good card but Chase likes applicants with 1+ year of credit track record. So my advice would be to wait.