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Amazon Store Card - Is it bad or good?

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Anonymous
Not applicable

Re: Amazon Store Card - Is it bad or good?


@Anonymous wrote:

I should note that I'm feeling a little irked at having the whole $99.99 annual Prime fee dumped on my card at once, which pushed my balance and utilization up so that I'll have to be careful for the next month or so about how much I put on that card until I get the fee paid off again. I must obviously have misread the terms, as I had been under the impression that they'd charge me on a monthly basis.


You can choose either option - the selection is made not on the card, but from within your Amazon account at this link.  If you change to monthly immediately they should refund the annual fee and charge the monthly one.

 

Note: it is about $30 per year more expensive to pay under the monthly option

Message 21 of 25
Nova5041
Frequent Contributor

Re: Amazon Store Card - Is it bad or good?

Just to add my two cents, Ive had my amazon store card for almost a year, and had no problems at all. I was orginally given a 2k credit line and called and increased it to 6k. Promotional offers and statement credits have been flawless so far.


BK 7 Discharged: 5/30/2018
Fico Scores after Discharge: Experian-552 TransUnion- 490 Equifax- 571
Message 22 of 25
Anonymous
Not applicable

Re: Amazon Store Card - Is it bad or good?


@Anonymous wrote:

@Anonymous wrote:

I should note that I'm feeling a little irked at having the whole $99.99 annual Prime fee dumped on my card at once, which pushed my balance and utilization up so that I'll have to be careful for the next month or so about how much I put on that card until I get the fee paid off again. I must obviously have misread the terms, as I had been under the impression that they'd charge me on a monthly basis.


You can choose either option - the selection is made not on the card, but from within your Amazon account at this link.  If you change to monthly immediately they should refund the annual fee and charge the monthly one.

 

Note: it is about $30 per year more expensive to pay under the monthly option


Yes, I see that. Hmmm. I'm really not sure I want to pay $32.88 more per year just to have the illusory benefit of paying "less" per month. I'm just annoyed at myself mostly, I think, for not having read the terms more carefully. May as well get on with it and start watching "The Man in the High Castle" to justify that money. Smiley Tongue

Message 23 of 25
jamesdwi
Valued Contributor

Re: Amazon Store Card - Is it bad or good?

No problems my so far...  

Love being amazon prime member..

 

Love zero interest deals, but don't get caught not paying it off before the expiration date.  I usually end up paying $100 each of the paydays the last few months of 1 year deals just to be sure not to get caught

 

use it,  ask for CLI's and it should grow, I think mine started at $600, and is now $5,900  4 and 1/2 years later, they have denied my CLI's for the last year or so, but honestly my CL is high enough to meet my spend and I don't feel the need to call the back door number yet. 

 

 

Cards: Chase Southwest 20k & CSR 17k & CSP 10k & FNBO 30k Oregon Duck 5k, & AMEX BCP 32.5k & Amex Magnet 15k&amg; Hilton Surpass 7.5k & Delta Gold 12k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 20k, Paypal Extras MC 10k, Paypal Credit 7.25k CapOne Venture 15k, QS 2.5k, QS 750, Amazon 10k, Walmart 10k, Citi Simplicity 18k, Discover IT 23k and a nice stack of store cards.
Landmarkcu Personal Loan 10k
Message 24 of 25
MoneyBurns
Frequent Contributor

Re: Amazon Store Card - Is it bad or good?

Haven't had any problems with the amazon store card at all. Didn't use it for some time and got $600 CLI. I use my Chase amazon as I like saving up points than a statement credit - though honestly, it doesn't really matter either way. One thing that is great that the card *Sync amazon* has is sometimes they'll have offers to give 10% cash back on certain purchases on amazon. I think a month ago it was instruments for 10% back. Not too shabby! Smiley Happy

My Current Active Credit Cards
Message 25 of 25
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