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Amazon Prime Visa Signature Card

Member

Amazon Prime Visa Signature Card

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.

FICO 8 Scores ( 6/20/2018): TU 771, EQ 735, EX 730
Inquiries (6/20/2018): TU 0, EQ 2, EX 2
STARTING since 12/27/2017

Message 1 of 19
18 REPLIES
Valued Contributor

Re: Amazon Prime Visa Signature Card


@avkhatri101 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

 

Message 2 of 19
Valued Contributor

Re: Amazon Prime Visa Signature Card


@avkhatri101 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.



TU fico08=831 05/31/18
EX fico08=800 06/18/18
EQ fico08=826 04/18/18
EX fico09=823 06/02/18
EQ fico bankcard08=856 05/22/18
Message 3 of 19
Valued Member

Re: Amazon Prime Visa Signature Card

Wait. It's a chase card. Some have luck with lower scores but it's not an easy get
Message 4 of 19
Super Contributor

Re: Amazon Prime Visa Signature Card

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.

Message 5 of 19
New Contributor

Re: Amazon Prime Visa Signature Card

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?

Message 6 of 19
Member

Re: Amazon Prime Visa Signature Card

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

FICO 8 Scores ( 6/20/2018): TU 771, EQ 735, EX 730
Inquiries (6/20/2018): TU 0, EQ 2, EX 2
STARTING since 12/27/2017

Message 7 of 19
Established Contributor

Re: Amazon Prime Visa Signature Card

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.

Message 8 of 19
New Member

Re: Amazon Prime Visa Signature Card

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.

Message 9 of 19
Community Leader
Valued Contributor

Re: Amazon Prime Visa Signature Card


@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.

Message 10 of 19