topic Re: Anyone have both: Amazon store card & Chase Amazon Visa? in Credit Cards

Anyone have both: Amazon store card & Chase Amazon Visa?

j_casteel — Sun, 04 Nov 2012 15:39:46 GMT

Like the title states?

Re: Anyone have both: Amazon store card & Chase Amazon Visa?

Moleman_H — Sun, 04 Nov 2012 16:35:08 GMT

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.

Re: Anyone have both: Amazon store card & Chase Amazon Visa?

chnceit — Sun, 04 Nov 2012 16:50:17 GMT

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.

Re: Anyone have both: Amazon store card & Chase Amazon Visa?

navigatethis12 — Sun, 04 Nov 2012 17:09:01 GMT

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.

Re: Anyone have both: Amazon store card & Chase Amazon Visa?

Anonymous — Sun, 04 Nov 2012 17:27:51 GMT

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.

Re: Anyone have both: Amazon store card & Chase Amazon Visa?

Moleman_H — Sun, 04 Nov 2012 19:34:38 GMT

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=CLG6oIaFtrMCFS6CQgodq3cA4g#!search&Deposit+Range_D=1000&Account+Type_S=Regular+Savings&Account+Type_S=Money+Market&Issuer_S=__any__&start=0&si=0&tknid=1072393005

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=CLG6oIaFtrMCFS6CQgodq3cA4g&term=0:1001&q=12+month+CD

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

Re: Anyone have both: Amazon store card & Chase Amazon Visa?

webhopper — Sun, 04 Nov 2012 20:11:14 GMT

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.

Re: Anyone have both: Amazon store card & Chase Amazon Visa?

score_building — Mon, 05 Nov 2012 06:44:33 GMT

have had both for several years

Re: Anyone have both: Amazon store card & Chase Amazon Visa?

youngandcreditwrthy — Mon, 05 Nov 2012 13:32:32 GMT

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!:-)

Re: Anyone have both: Amazon store card & Chase Amazon Visa?

Anonymous — Mon, 05 Nov 2012 16:23:23 GMT

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

Re: Anyone have both: Amazon store card & Chase Amazon Visa?

maiden_girl — Mon, 05 Nov 2012 17:41:03 GMT

I have the Amazon store card which I loveee! At one point, I did have the Chase Amazon Visa too...lol. The account is closed now. I found better cards to suit my use while on Amazon--didn't really like the shop points rewards on that card. I like the financing options Amazon store card offers on eligible purchases. It's good if you are planning to carry a interest free balance! I got 6 months no interest on 200 dollars! LOL.

Re: Anyone have both: Amazon store card & Chase Amazon Visa?

GomerPyle — Mon, 05 Nov 2012 17:51:44 GMT

I have the Chase Amazon Visa. For some reason this card offers a 1% fee on all BT.YMMV That is a pretty good benefit if you need it.

Re: Anyone have both: Amazon store card & Chase Amazon Visa?

calihlove75 — Mon, 05 Nov 2012 17:54:32 GMT

@j_casteel wrote:
Like the title states?

I have both. I use the heck out of my store card because of the 0% financing deals. I don't use the Chase Visa that often. It sits at a zero balance (high interest rate) and I use it every now and then to keep it active. I am trying to get it converted to the Chase Freedom Mastercard.