topic Re: Amazon Prime Rewards/Chase in Credit Cards

Amazon Prime Rewards/Chase

Enik — Sun, 07 Mar 2021 01:49:51 GMT

I have a couple questions about Amazon's Prime Rewards credit card. I found a thread from 2017 discussing this, but I wasn't sure about thread necro-ing so I figured I'd start a new one.

1. In the past it seems that the credit lines were notoriously small, like 1k to 2k, is this still the case?

2. Does a past relationship with Chase impact this credit line? I have had a Chase Sapphire with a 35k CL for 20+ years. Currently less than 1% utilized.

My present FICO is TU 850, EXP 839 and EQU 834. Thanks in advance.

Re: Amazon Prime Rewards/Chase

Curious_George2 — Sun, 07 Mar 2021 02:25:25 GMT

Welcome, and congrats on your excellent credit profile! I don't know the story behind those old reports of low limits, but it's probably not something you should worry about.

I did a quick search of the Approvals forum for this card and here are the first few that popped up:

$5,000 Starting Limit. November 2020. 796 FICO. Link.
$8,300 SL. September 2020. 712 FICO. Link.
$4,900 SL. January. 672 FICO. Link.
$8,700 SL. January. 770 FICO. Link.

Of note, a couple of those approval posts report the instant approval message said their SL was $5k, but when the card showed up online, it had a higher limit. It seems Chase uses $5k as a placeholder. I don't think I've seen SL's on this card as high as your Sapphire, but I can't imagine they would give you less than $8k. Something around $10k - $12k seems likely.

Good luck, and let us know how you do!

Re: Amazon Prime Rewards/Chase

M_Smart007 — Sun, 07 Mar 2021 13:55:19 GMT

Hi @Enik and Welcome to the forum!

1. In the past it seems that the credit lines were notoriously small, like 1k to 2k, is this still the case?

My original Chase Amazon Prime Visa approval back in 2016 was $17,600.00

It was the largest limit granted to me by far, and my first Chase CC.

It now sits with a $47,900.00 CL

2. Does a past relationship with Chase impact this credit line? I have had a Chase Sapphire with a 35k CL for 20+ years. Currently less than 1% utilized.

Having handled a Chase CC with a $35K limit for 20+ years, is actually a huge positive.

I am pretty sure, you would not be given a "TOY" limit.

Edited for not reading the title in full

Re: Amazon Prime Rewards/Chase

Anonymous — Sun, 07 Mar 2021 14:01:09 GMT

And much less recent, back in 2004 I got the card with a $25K SL, so certainly not that small in the distant past.

Re: Amazon Prime Rewards/Chase

randomguy1 — Mon, 08 Mar 2021 19:42:08 GMT

There is income ratio to credit limit with Chase to be concerned about. It's not a hard rule but it is said that Chase only wants to have their total credit limit with you to be about roughly 50% of your income. The more credit extended you have past 50%, 60%, the approvals can become marginally harder.

Let's say you have a $70,000 income a 35k Sapphire would possibly hurt your chances of having a new approval with a large SL. In some of those cases, it would result in a denial however at that point you might be able to recon and ask to have your credit moved from your other Chase card(s).

Re: Amazon Prime Rewards/Chase

Anonymous — Sun, 07 Mar 2021 23:51:19 GMT

With those scores you should have no issues getting a decent SL on a Chase Amazon card.

Provided that your income supports it, you aren't at a limit-to-income ceiling at Chase (usually around 50% of income), you're under 5/24 (5 or more new revolving accounts in the past 24 months will result in a denial), and you don't have baddies, especially a bankruptcy, reporting (which with the scores you show is probably not the case!)

They're usually on the more generous side for SLs, but a bit stingy on CLIs. But if for whatever reason you don't get the limit you want on your new card, it's easy to move limits between cards with Chase.

I don't know if you care, but Chase often hard pulls two bureaus for new card apps: EX and one other (TU or EQ depending on your location).

Lastly, if/when you apply, don't be surprised if the initial approval page/email says your limit is $5000. This is the max they show for this card on initial approval, but when you log into the Chase portal and view the account there, you'll see your real, likely higher limit. The $5000 is likely temporary since this card does allow you you to use it immediately on Amazon--you don't have to wait for the card to come in the mail.

Re: Amazon Prime Rewards/Chase

Anonymous — Tue, 23 Mar 2021 07:36:05 GMT

I got the Amazon Prime Visa 3 years ago with a paltry $500 SL. I dunno if I should bother taking an HP to try and get a CLI on it or just close it and apply for a new card in hopes of getting a higher limit that way. This card is almost useless to me when I have the Sync PLCC with a $5k limit and several other cards in the 5 digits.

Re: Amazon Prime Rewards/Chase

coldfusion — Tue, 23 Mar 2021 08:02:45 GMT

@Anonymous wrote:
I got the Amazon Prime Visa 3 years ago with a paltry $500 SL. I dunno if I should bother taking an HP to try and get a CLI on it or just close it and apply for a new card in hopes of getting a higher limit that way. This card is almost useless to me when I have the Sync PLCC with a $5k limit and several other cards in the 5 digits.

Depending on the current state of your profile you could consider using the HP to instead apply for a different Chase card and if successful later shift some of the limit over.

Re: Amazon Prime Rewards/Chase

Credit12Fico — Tue, 23 Mar 2021 11:56:18 GMT

I've heard of someone with a line near 100K on this card.

Re: Amazon Prime Rewards/Chase

Anonymous — Tue, 23 Mar 2021 17:14:50 GMT

@Credit12Fico wrote:
I've heard of someone with a line near 100K on this card.

I can't imagine what someone would need with that much on an Amazon card, but different strokes for different folks I guess.

Mine's $1500 and I never see using anywhere near that on Amazon. Only time it gets tight is when they offer bonus cashback on bill pay or general spend and I start putting everything on it.

Re: Amazon Prime Rewards/Chase

Anonymous — Wed, 24 Mar 2021 14:06:57 GMT

@coldfusion wrote:
@Anonymous wrote:
I got the Amazon Prime Visa 3 years ago with a paltry $500 SL. I dunno if I should bother taking an HP to try and get a CLI on it or just close it and apply for a new card in hopes of getting a higher limit that way. This card is almost useless to me when I have the Sync PLCC with a $5k limit and several other cards in the 5 digits.
Depending on the current state of your profile you could consider using the HP to instead apply for a different Chase card and if successful later shift some of the limit over

Problem is I'm way, way over their 5/24 rule. I'm something like 11/24 and 8/12.

Re: Amazon Prime Rewards/Chase

Anonymous — Thu, 25 Mar 2021 00:59:00 GMT

@Anonymous wrote:
@Credit12Fico wrote:
I've heard of someone with a line near 100K on this card.
I can't imagine what someone would need with that much on an Amazon card, but different strokes for different folks I guess.

Mine's $1500 and I never see using anywhere near that on Amazon. Only time it gets tight is when they offer bonus cashback on bill pay or general spend and I start putting everything on it.

What do you mean! If you buy one of these every month (as I am sure lots do)

https://www.amazon.com/GIA-Certified-7-06-ct-Brilliant/dp/B08RDWPCP4/ref=sr_1_2?dchild=1&keywords=necklace&qid=1616633661&refinements=p_36%3A2661616011&rnid=2661611011&s=apparel&sr=1-2

And you would need a big CLI from $100K before buying

https://www.amazon.com/Dazzlingrock-Collection-Colombian-Emerald-Necklace/dp/B08BJ45HF3/ref=sr_1_1?dchild=1&keywords=necklace&qid=1616633661&refinements=p_36%3A2661616011&rnid=2661611011&s=apparel&sr=1-1

Although, Amazon does offer them interest free over 18 months so I guess you can buy several!

(Do people really buy this sort of thing on Amazon?)

Re: Amazon Prime Rewards/Chase

USMC_Winger — Thu, 25 Mar 2021 19:30:27 GMT

@Anonymous wrote:
What do you mean! If you buy one of these every month (as I am sure lots do)

https://www.amazon.com/GIA-Certified-7-06-ct-Brilliant/dp/B08RDWPCP4/ref=sr_1_2?dchild=1&keywords=necklace&qid=1616633661&refinements=p_36%3A2661616011&rnid=2661611011&s=apparel&sr=1-2

And you would need a big CLI from $100K before buying

https://www.amazon.com/Dazzlingrock-Collection-Colombian-Emerald-Necklace/dp/B08BJ45HF3/ref=sr_1_1?dchild=1&keywords=necklace&qid=1616633661&refinements=p_36%3A2661616011&rnid=2661611011&s=apparel&sr=1-1

Although, Amazon does offer them interest free over 18 months so I guess you can buy several!

(Do people really buy this sort of thing on Amazon?)

According to their Amazon best seller ranks, yes! (Although the $181K Colombian Emerald & Round White Diamond was purchased much more recently than the $84K Round Brilliant Cut Diamond Solitaire Pendant Necklace. It's got more bling. )