topic Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit in Credit Cards

Amazon Prime Visa vs Amazon Prime Store cards for new credit

Anonymous — Thu, 15 Oct 2020 19:50:45 GMT

Hello!

So I have a 20 year old in college with a Discover card. Has had it a few years, got quite a few bumps in CL and in fact got another to 5000! She keeps it very low balanced. Her score is in the 730s but again, new credit. Currently she is on my amazon prime account (not a card just the membership for shipping) but I want to get her off on her own so along with that, I want to have her get one of the Prime store cards (i am buying her Prime membership). Which one do you think would be best in her situation?

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

Anonymous — Thu, 15 Oct 2020 19:56:25 GMT

Disco is 5% Amazon this quarter

Chase Amazon card would be good, as it's a Visa too, with a minimum credit line of $500 -- so not too hard to approved for

As long as she has some income it shouldn't be a difficult app. I suggest also opening a Chase college checking for a $100 bonus. Free and easy stuff.

If she has no loans, could do SSLT or PL to boost credit

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

blindambition — Thu, 15 Oct 2020 20:15:46 GMT

She should qualify for either. Chase likes a year of credit. also has 5/24, if she's opened 5 cards in 24 months, instant denial. Chase will most likely be 2 HP, with some variation of EX, EQ, TU.

Synch should be easier approval. They pull TU. Cards offer pretty much the same, when it comes to Amazon benefits.

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

rostrow416 — Thu, 15 Oct 2020 20:50:29 GMT

Getting the Visa means getting in with Chase, which can be benficial for her. She can get a bank account with them and she will have good history when moving on to their other products. The Prime store card is fine as a consolation prize (and as a Synchrony product, easy to get and grow), but she should be able to qualify for the Visa.

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

Rpgough0311 — Thu, 15 Oct 2020 20:58:09 GMT

Either really, but I prefer the Chase Visa. She could also get a nice amount to her gift card balance for being approved. On prime day it was $150.

It also starts her relationship with Chase. And that's a plus

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

SirMilo — Fri, 16 Oct 2020 05:40:34 GMT

I would say to go for the Chase since it opens up additional options for use.

Many people have no issues with Synchrony but my experience was less than satisfactory so I would be apprehensive to recommend that option.

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

Beast26 — Fri, 16 Oct 2020 12:57:50 GMT

What was your experience with synchrony version?

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

ccquest — Fri, 16 Oct 2020 13:33:04 GMT

I'd say the Chase one if she qualifies under 5/24 and wants any flexibility to spend it elsewhere, but Sync if she wants to be able to more easily/conviently (aka no HP) increase the limit over time.

Can you have multiple cards under one Prime account? That'd save $120 a year right there which could be nice if she doesn't want to be responsible for maintaining her own Prime down the line. I know under my account, it says I'd have saved around $60-80 if I had a Prime card usually which means I'm not really breaking even on a "annual fee" of $120.

@Rpgough0311 wrote:
Either really, but I prefer the Chase Visa. She could also get a nice amount to her gift card balance for being approved. On prime day it was $150.

That's funny, my offer dropped to $60 on Prime Day then bumped up to $100 right after.

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

SirMilo — Fri, 16 Oct 2020 20:32:45 GMT

@Beast26 wrote:
What was your experience with synchrony version?

I assume that you are asking me this question. The usage of the card was fine and I had no issues with that.

The problem I encountered was a 2nd hard pull for a different store card that I never requested within a few weeks of being approved for the Amazon Store card. When I called Synchrony to complain about this (in a courteous fashion) and requested a removal of said HP from my report, they decided to hold my 3rd online payment for a full 10 business days before crediting the payment to my account. Thank goodness I made the payment a couple of days after the purchase or it would have posted late for sure. My first 2 online payments posted in 2-3 days.

I fired them for fear that they would intentionally delay processing my payments in order to elevate me to a much higher interest rate. I was also concerned about receiving more random unrequested HPs that I would have to fight. No thanks.

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

Beast26 — Sat, 17 Oct 2020 00:28:44 GMT

How is the chase Amazon in terms of growth potential? I know it's a hard pull but is it a slow grower compared to the synchrony version? I see many reach 10k within a year with synchrony but I don't see to many CLI posts about the chase version. That may be because people don't want a hard pull for the CLI but idk.

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

Slabenstein — Sat, 17 Oct 2020 00:32:01 GMT

I've had the Chase version for more than a decade. I've never requested an increase, due to the HP, and I've gotten one auto-CLI in that entire time. Ofc how they're going to respond to different profiles and use patterns is going to be different.

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

Beast26 — Sat, 17 Oct 2020 00:46:46 GMT

Are you really not interested increasing the limit on it to request a hard pull CLI?

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

Slabenstein — Sat, 17 Oct 2020 00:52:16 GMT

@Beast26 wrote:
Are you really not interested increasing the limit on it to request a hard pull CLI?

If you're asking me, no, I'm not, but I haven't used the card in years. I was just adding my experience as an aid for others comparing the two cards.

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

Anonymous — Sat, 17 Oct 2020 01:07:38 GMT

@Beast26 wrote:
Are you really not interested increasing the limit on it to request a hard pull CLI?

I got the card in 2004, never got an CLI (and in fact moved half the limit to another card). The SL was high ($25K) and now is $13K, which, even though I use Amazon and WholeFoods a lot, is enough. No need to increase limits if they are not needed.

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

joltdude — Sat, 17 Oct 2020 01:30:03 GMT

If you have a shared prime account.... yes you can have a separate prime visa than the primary amazon prime account holder....

I have my own AZ prime card, and a family member has their own and they are not linked....

I have never gotten a CLI from Chase.. Ever...

It is rumored and has some datapoints that if you get a low CL Chase Amazon Visa, they do sometimes autocli it....

My AZ Visa still is under 5K

-J

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

Anonymous — Tue, 20 Oct 2020 04:23:37 GMT

Yea chase gave me a prime card with 1000 limit that has never moved in 5 years. It's on my chopping block list honestly. I'm not doing a HP for it and really there are better rewards cards out there. Even for whole foods I can buy an egift card on amazon and get 5% back using my store card that has a 10k limit. 2% back on gas and drugstores is whatever's I have a citi DC with that and more.

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

notmyrealname23 — Tue, 20 Oct 2020 06:11:15 GMT

I'm in year 2 of the Synchrony Amazon Prime Store card. No complaints, got auto-CLI bumped from 1k to 3k a while back. I am LOL/24 and will be so for a while on a credit rebuild, and I don't think I'd want to blow a 5/24 slot on something I can replicate outside of Chase's ecosystem anyway*, unlike cards like Southwest/Hyatt/IHG/CFF/CFU/CSR/CSP/British Airways, which you cannot replicate easily outside of Chase unless you can do wacky stuff like get the BA Amex card by living in the UK/HK or something.

*plus I have a DiscoverIt Cashback too, so yeah

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

Citylights18 — Tue, 20 Oct 2020 23:13:24 GMT

Don't forget the AMEX business AMZN cards.

The business prime is 5% cash back with no AF.

https://www.americanexpress.com/us/credit-cards/business/business-credit-cards/amazon-business-prime-card?linknav=US-Acq-GCP-Open-CardDetail-AmazonBusinessCard-ReinforcementBannerLearnMore

Re: Amazon Prime Visa vs Amazon Prime Store cards for new credit

Beast26 — Wed, 21 Oct 2020 08:06:27 GMT

One thing I see that gives chase Amazon Prime Visa the edge over synchrony version is that I see posts talking about chase running 3-4% off everything promos for 2-3 months out of the year. That would make you net more cashback in a year's time compared to just 5% back on Amazon. I haven't read any synchrony postings about them running a promo like that. If they do that please let me know.