Amazon Credit Builder Graduation

[calyx]

Agreed @Brian_Earl_Spilner 

I hope that they'll re-release this card at some point in the future.   It's a pretty good deal for those with bad/no credit, particularly if they like to shop amazon.

[OmarGB9]

It is a shame because I was looking at this card as a possibility for rebuilding purposes. But the option isn't even there.

[tpdtopcop]

So one can not get this card anymore?

[Brian_Earl_Spilner]

@tpdtopcop unfortunately not. It was only available for 2-3 months before being shut down.

[Anonymous]

Meanwhile Fingerhut has been around for how many years...

Ha, it seems I cannot go anywhere these days without seeing Baby Yoda! lol

[Anonymous]

I have the card, but have a question. What happens if someone does not graduate after seven months, since the secured credit card is no longer a plausible option?  I am just curious.

[joltdude]

I get why folks were in a bit of a snit but I thought this was a good option esp for folks who do shop on Amazon and are new or rebuilding credit.... I do think it would have opened doors to some folks I know who do not have credit, and use their debit for everything... esp in the lower income brackets... It wasn't what id consider predatory lending... Far cry from other well known bottom feeders...  Hope it makes a return appearance.... 

[joltdude]

Its likely that they will keep the card going... untill folks are eligible to graduate then transfer them to their normal store card product...

-J

[Brian_Earl_Spilner]

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@joltdude wrote:

I get why folks were in a bit of a snit but I thought this was a good option esp for folks who do shop on Amazon and are new or rebuilding credit.... I do think it would have opened doors to some folks I know who do not have credit, and use their debit for everything... esp in the lower income brackets... It wasn't what id consider predatory lending... Far cry from other well known bottom feeders...  Hope it makes a return appearance.... 

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I think it was ridiculous that people were complaining about a closed loop secured card. It's not like it was a GameStop secured card. You can buy everything, including food with it on Amazon. And the fact that it graduates almost puts it completely ahead of most secured cards that require you to open a new unsecured card to grow your relationship with a lender 

[Brian_Earl_Spilner]

@Anonymous while the lender has the right to modify the terms of the card agreement, I'm sure synchrony will honor the original contract and eventually graduate it.