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Chase Amazon Prime ...wait or go?

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joltdude
Senior Contributor

Chase Amazon Prime ...wait or go?

Im tempted to leave my short trip to the Garden for an Amazon Prime Chase card....

(wanted the original Sync Amazon, but it didn't offer much other than 0% offers, which i already occasionally get for 4mo from Amazon direct)

 

However... would I be better off waiting for my 16300 K CL from Discover to report?  It doesn't seem to have shown up yet on my reports....

 

ALso I have a mitigating factor.. 

Fico Score is in the 744-753 range...

And I have a secure share loan that expires this month, but plan to open a new one ASAP

 

Think ill get it, but not sure if im better just waiting it out a bit.

 

-J

 

 

 

Message 1 of 28
27 REPLIES 27
CreditCuriosity
Moderator Emeritus

Re: Chase Amazon Prime ...wait or go?

Probably doesn't matter if you wait for discover to report or not as long as you have other CC's on your report which obviously you do.  As long as your utilization is decent <30%ish or better yet <10% with those scores you are fine.  Not like the Amazon Visa hands out huge limits so a good limit is 5-7k approval.  Hope this helps if you decide to go for it.

Message 2 of 28
AverageJoesCredit
Legendary Contributor

Re: Chase Amazon Prime ...wait or go?

Agree Jolt, looks like a good card to have. I see it as one its a chase , two its a visa so you can use it everywhere , and three now hows the 5% you would use so its a good card to have. If you will app for it , nothing wrong waiting til your Disco reports, just adding alittle spit and shine to your stellar report. Never know if thst would make the difference between that 5 or 7kSmiley Happy Good luck buddySmiley Happy
Message 3 of 28
BronzeTrader
Valued Contributor

Re: Chase Amazon Prime ...wait or go?


@joltdude wrote:

Im tempted to leave my short trip to the Garden for an Amazon Prime Chase card....

(wanted the original Sync Amazon, but it didn't offer much other than 0% offers, which i already occasionally get for 4mo from Amazon direct)

 

However... would I be better off waiting for my 16300 K CL from Discover to report?  It doesn't seem to have shown up yet on my reports....

 

ALso I have a mitigating factor.. 

Fico Score is in the 744-753 range...

And I have a secure share loan that expires this month, but plan to open a new one ASAP

 

Think ill get it, but not sure if im better just waiting it out a bit.

 

-J

 


Looks like Amazon Prime will be Chase's "Hit" card of the year. There is minimal bonus ($70 most) and it helps Amazon greatly to gain market share. This is a win-win for both Amazon+Chase. It is going to be a $$ winner for Chase this year, after all the losses associated with the CSR. 

 

It should be easy to apply and get approved for Chase Amazon. It is outside 5/24 rule and it is metal and cool looking. The cost to Chase is mimimal.

 

Message 4 of 28
joltdude
Senior Contributor

Re: Chase Amazon Prime ...wait or go?

Id like to slide over 5k.. even if its just a smidgen...

Have a Freedom with a 5,200 limit that drives me batty ..

 

Heck ill go for it sometime this week...

-J

 

Message 5 of 28
irunfromcredit
Frequent Contributor

Re: Chase Amazon Prime ...wait or go?

I'm tempted to go for this card as well and cxl my store version.  But I truly don't "need" this card other than lower APR, it's a Visa, and if I do get rid of my Amazon store card, I would only be down to two retail cards (Banana Republic and care credit). I will definitely be following this topic. 

Scores 8/25/2017~ TU: 753 / EXP: 742 / EQ: 726
Goal: 770's or higher by end of 2017
Message 6 of 28
joltdude
Senior Contributor

Re: Chase Amazon Prime ...wait or go?

I regret applying.. 19.24 and 4500$ limit..

Into the SD it goes.. 

 

Message 7 of 28
CreditCuriosity
Moderator Emeritus

Re: Chase Amazon Prime ...wait or go?


@joltdude wrote:

I regret applying.. 19.24 and 4500$ limit..

Into the SD it goes.. 

 


Why? The apr is meh on it, but could be worse it is meant to be a PIF card anyways and the limit is pretty good for amazon to be honest.  They simply don't hand out big limits on this card.  If you want a big chase limit apply for Hyatt that isnt under 5x24 and move some of the limit over to this card.  What are your stats anyways as I was suprised I got the best apr with a 680 EQ, but granted I have been with chase and ran alot through their cards so internal score might be high with them?

Message 8 of 28
Anonymous
Not applicable

Re: Chase Amazon Prime ...wait or go?

I would wait and just work with what you have.
In all reality to me, 3% or 5% isn't any type of special deal. Now if we're talking 10-20%, then, yeah.
But these CC's run all types of "offer-nothing" marketing gimmicks to get people hyped and subscribed. The only cards I believe are worth it, are Hotels and Airlines that accumulate actual points for dollars - You know, real world use. Something worthwhile that you can put to real world use and benefit from.

3-5% on 10 different cards isn't anything real-life saving, unless you're buying in bulk. And that's spending a lot of money - on 10 different cards.

But then again, these types of deals are what really loops people in, causing a huge debt load - on 10 different cards.

That's called irresponsibility. We've all been there at one time or another. Itr's called life, live and learn.


For those that are responsible, it turns out, you really don't use the card anyway.
But, if YOU want it, then you should have it. You only have one life to live, LIVE IT!

 

I have the Chase Amazon Visa card at the starting limit of $4,000. Well, let's see... I used it a few times & didn't even break $500 in spending on it. Had it almost a year now, and it's in my CC wallet.

I also have the Amazon store card from Synchrony with $3500. Used that a few times as well. It's in my CC wallet.

But like many others here, I got dawn into the hype. Had to have it. I got it.

The 2 cards I really made my life are the CSP and the United Mileage. I have put THOUSANDS in use on those 2 bad boys! my CSP looks like it's a 10+ year old card...lol. I got a replacement for the United, because it started looking dull and old. It's now in the CC wallet unused.

I am planning on rotating, but the point is, these are 2 very useful cards and I thank Chase for them. I'll get a CSP replacement once I CC wallet this one and pay it off.

 

As far as Amazon Prime, I honestly do not see that as a useful program, overall. The only benefit that makes me smile is fast shipping (same-day delivery). That's it. I can get movies and games and apps from other quality places. 2-day shipping? come on.

Now,  look at it this way, To pay $99 annualy, or the new $10.99 monthly for this program is crazy. Then they are going to create some metal card to make you feel soft and warm and pink inside...lol

You're actually paying for that shipping or those movies or those games. You could just use your regular CSP (rack up points for dollars) CC to buy the things you want. You can also use those UR points @...(Gasp!) -  Amazon. The same retailer that will charge you for their Prime program.

How many people remember when Amazon use to ship for free if you ordered under $49 without this Prime program?

 

Also If you're foolish enough to overpay by $32.88 yearly for a program that charges you $99.00 yearly, then do it.

It's all marketing, and it's all worth it to benefit the company offering it, and that's how they get people to buy in and rack up huge debt.

Message 9 of 28
CreditCuriosity
Moderator Emeritus

Re: Chase Amazon Prime ...wait or go?

@Anonymous

 

I gotta disagree with you and many people will... Amazon Prime offers free shipping for two day deliveries, pretty much anything.  Last year I saved around 500+ in shipping alone as I do prime orders ever week.  Keep in mind alot of states don't charge state tax either for prime.  Also it depends on how much you spend on Amazon how much that 5% is worth.  Alot of people, maybe not you spends 500 to thousands of dollars a month with Amazon.  I am an example I spend 1kish a month on Amazon so you can't group everyone into your category.  It isn't a gimmick as you also have Prime Video, Music, etc., etc.. You get tons out of prime membership if you are an avid Amazon shopper and don't have time to goto stores which are typically higher and time is money for me personally.  To each and their own, but your opinion isn't the only right one nor is mine as we all have different needs and spending patterns.  We also all make different income just as some can/do go into debt many such as myself can afford 1k+ in amazon a month without worrying about my retirement or going into debt.  I typically like to think of this forum as fiscal conservatives as many on here are rebuilder either building from past mistakes such as CO/CA'S or even BK's or are new to credit and learn not to mess up of you are going to be building for 7-10 years depending.  

 

Also as you I have the CSR and also the Ritz and those see each 10k+ a year on as well as both of those cards add different value whether it is UR's at 3x that are great or Gold status at Ritz and other perks.  Each card has their purpose.  Sure some are going for this card cause it is a metal core like the CSP or whatever, but I don't believe that was the OP although I could be wrong.. Alot of assumption in your post.

Message 10 of 28
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