Amazon 5 Monthly Payments

[kdm31091]

The option to spread out payments is nice, I guess, but your CC is already not going to actually charge you interest on the purchase until a month later. For something like $300, I doubt I would use this - rather just pay it and have it be over with. For a larger purchase it may make it more affordable though.

Rewards wise though, it comes out the same. Either way you will get the 5% back, so not sure if there's any advantage/difference there. I just prefer to pay things up front when I can, but options are always better than not having options!

[CreditCuriosity]

my misunderstanding thought it was attached to the card financing options either sync or amazon card.  Since it is not then as others stated that read better than myself you are good

[joltdude]

Im a heavy user of Amazons 5 monthly payments if its offered... lessens whats due at once on holiday purchases... esp for their more expensive devices.... (high end kindles with modems, the original echo, etc) .... im not talking the sync or chase version. im talking amazons own.... Why not keep money in say an interest bearing account or in your pocket and use it to your advantage. 

-J

[staticvoidmain]

Thanks for the responses. Can confirm. It does earn the 5%.

[Anonymous]

I love this feature. I've used it a few times and most recently with my disco still in its first year with 0% apr, 5 affordable payments, and 5% cash back matched for the Amazon category spend.

[Anonymous]

I purchased a Le Creuset dutch oven using the payment plan, and I combined it with an Amex offer for spending $50 at Amazon to get 2,000 MR points.  Seems to me that this means the payment plan has nothing to do with the credit card that's used (which means if you didn't get your Amazon rewards using your Amazon card, that would mean using your Amazon card would be worse than any other card...  seems wrong, so I doubt that's what they've done).