Amazon Secure Card invite.. To do or Not?

[Anonymous]

So I am a major Amazon shopper and today I had an invite to apply for the Amazon Secure Card. I would like the cashback on purchases and a path to a regular Amazon Store Card. And this is the first time I have seen the invite.  I have seen some negative reviews on the card for different reasons.  I am on the fence with this one I was denied a few months back for Amazon Store Card with a soft pull (Synchrony included in bankruptcy for 1.5K).

Has anyone had positive experiences with the secured card and graduated on time or early? And graduated with a decent credit limit?

Upon searching the board, I think I have seen only a few posts about Amazon Secure graduating.

Debating if I should just garden and wait a bit longer with a recent, PayPal credit approval.  Any advice?

KnightTrader

[Anonymous]

Tread lightly with Synchrony. It sounds like the Amazon card is a great fit for you but with a recent Synch approval, I'd give it at least six months between apps for their cards to be safe. If you're not familiar with their recent behaviors, there is a megathread about the shutdowns they've pulled on people the past year or so. Poking the Synch bear too much is very much inadvisable these days.

[yoshee08]

I would stay away. If you read the fine terms, it graduates at least 7 months later (for me it was about 9 months), however it never grows. The limit will always be what your original security deposit is. 

Try pre-approving for better cards.

[NightTrader]

Thanks, I am going to wait a year and maybe apply for another card.  I am going to avoid the Amazon Secure card for now.  I really don't need to poke the Synchrony bear after just getting back in with PayPal Credit.  Plus diversification is important since Synchrony close a lot of people's cards without warning or notice.

[coldfusion]

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@Anonymous wrote:

Tread lightly with Synchrony. It sounds like the Amazon card is a great fit for you but with a recent Synch approval, I'd give it at least six months between apps for their cards to be safe. If you're not familiar with their recent behaviors, there is a megathread about the shutdowns they've pulled on people the past year or so. Poking the Synch bear too much is very much inadvisable these days.

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I'd echo the above.  One of the recurring senarios for complete shutdown is when someone apps for multiple cards within a short timeframe.  Given that they just opened the door for you a crack to let you back in after you had burned them taking it slow with a cadence of going at least 6 months between applications IMO would be prudent.