How Does LendingTree Get Paid?
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How Does LendingTree Get Paid?

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Amazon Prime Store Card Review

Amazon Prime Store Card Review

Rewards
Prime cardholders can earn 5% back at Amazon.com
Sign-up Bonus
$100 Amazon.com gift card upon approval
Promotional Financing
Take advantage of equal monthly payments or special financing options on qualifying purchases.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Amazon Prime Store Card best for?

The Amazon Prime Store Card is designed for consumers who do much of their online shopping at Amazon.com, already have an Amazon Prime membership, and want to earn cash back for their Amazon purchases. This card is issued by Synchrony Bank and charges a $0 annual fee.

It also offers promotional financing on purchases of $150 or more, which could be helpful if you know you’re going to need time to pay off a big purchase, though you won’t earn cash back if you utilize this.

Note that the Amazon Prime Store Card isn’t the only credit card Amazon offers. There’s also the Amazon Prime Rewards Visa Signature Card, issued by Chase and able to be used anywhere Visa is accepted, and the Amazon Secured Card, issued by Synchrony and aimed at applicants who need to build credit.

The information related to the Amazon Prime Store Card, the Amazon Prime Rewards Visa Signature Card and the Amazon Secured Card has been independently collected by LendingTree and has not been reviewed or provided by the issuers of these cards prior to publication.

Amazon Prime Store Card overview

     

    • $100 Amazon.com gift card upon approval
    • No annual fee
    • 0% APR financing
  • Zero-fraud liability means you’re protected against unauthorized charges
  • Promotional financing options on purchases of $150 or more

Intro Purchase APR

N/A

Regular Purchase APR

28.24% Variable

Intro BT APR

N/A

Regular BT APR

N/A

Annual Fee

$0

Cash Advance Fee

N/A

Foreign Transaction Fee

N/A

Balance Transfer Fee

N/A

Pros and cons

Pros

  • Generous cashback rate
  • Offers an easy-to-earn sign-up bonus
  • Promotional financing options
  • $0 annual fee

Cons

  • No cash back without Amazon Prime
  • Deferred interest on promotional financing
  • High interest rate
  • Can only be used for Amazon purchases

What we like about the Amazon Prime Store Card

  • Earns generous cash back for Prime members

    Prime cardholders can earn 5% back at Amazon.com when using the Amazon Prime Store Card. Cash back can be redeemed toward eligible Amazon purchases or as a statement credit to your card.

  • Get an Amazon gift card upon approval

    The chance to get a $100 Amazon.com gift card upon approval for the Amazon Prime Store Card is nice, even if there are credit cards out there offering more lucrative sign-up bonuses.

  • There are options for promotional financing

    On purchases of $150 or more, you’ll have a chance to choose between earning 5% cash back (if you have a Prime membership) or taking advantage of promotional financing. Amazon offers two types of promotional financing — special financing and equal payments.

    With special financing on purchases, you’ll have six, 12 or 24 months — depending on the purchase amount — to pay off your item. If you pay it off within that period, you won’t be charged interest.

    For equal payments financing, you’ll also have six, 12 or 24 months — again, depending on purchase amount — to make set monthly payments. If you pay it off as planned, you won’t accrue interest.

    However, the special financing option involves what’s called deferred interest, and this can be dangerous. If you don’t pay off the full purchase amount within the promotional financing period, you will be hit with interest from the original date of purchase.

  • Charges no annual fee

    When you combine the chance to earn cash back at a generous rate with a $0 annual fee, you have a winner. However, you’ll need an Amazon Prime membership, which costs $139 for an annual plan (or $69 if you’re a college student). It will take $2,380 in spending on purchases that earn 5% cash back to recoup that membership cost (or $1,180 in spending to recoup the student plan amount).

What to watch out for with the Amazon Prime Store Card

  • You won't earn cash back without a Prime membership

    If you don’t have an Amazon Prime membership, you’ll only qualify for the Amazon.com Store Card, which doesn’t earn cash back (though it does offer the same promotional financing options as the Amazon Prime Store Card).

  • Beware the risk of deferred interest

    If you opt for a special financing period with the Amazon Prime Store Card (available when making a purchase of $150 or more), you should know it involves deferred interest. Unlike an intro 0% APR period, financing with deferred interest means you’ll be hit with interest charges from the date of purchase if you don’t pay off the full amount within the promotional period.

    That’s likely to be quite expensive, especially with this card’s high 28.24% variable APR. If you still decide you want to make use of a special financing period, make sure you know exactly when it ends so there’s no doubt about when you need to have paid off the entire purchase — and don’t assume the minimum monthly payments will be enough to pay off your purchase in full.

  • The card comes with a very high APR

    The Amazon Prime Store Card has a 28.24% variable APR. If you roll over a balance from month to month, you’re likely to see some expensive interest charges. However, by making sure to pay off your card in full every billing cycle, you can avoid being charged interest.

  • You can only use this card for Amazon purchases

    This shouldn’t be a surprise, because the Amazon Prime Store Card is a store card, but you can only use it for Amazon shopping (including Audible and comiXology). If you need a credit card you can use elsewhere, this isn’t it. Consider the Amazon Prime Rewards Visa Signature Card instead.

    The Amazon Prime Rewards Visa Signature Card also comes with many more benefits than the Amazon Prime Store Card, such as extended warranty protection, purchase protection, lost luggage reimbursement and baggage delay insurance.

Alternate card for online shopping

Compare it to the Bank of America® Customized Cash Rewards credit card

| Disclosures
Bank of America® Customized Cash Rewards credit card
Bank of America® Customized Cash Rewards credit card
on Bank Of America's secure site
0% Intro APR for 18 billing cycles for purchases
17.74% - 27.74% Variable APR
$0
3% cash back in the category of your choice, automatic 2% at
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
  • Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
  • If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.   
  • No annual fee and no expiration on rewards.
  • New longer intro period! 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 17.74% - 27.74% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

 
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

If you’re looking for a card that offers more flexibility than the Amazon Prime Store Card, the Bank of America® Customized Cash Rewards credit card has it in spades. For one thing, this is not a store card, meaning you can use it in places where you can’t use the Amazon Prime Store Card. For another, the Bank of America® Customized Cash Rewards credit card comes with a unique rewards structure where you pick your 3% category (and can change your selection as frequently as every month).

Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases. Options for that 3% category include gas, online shopping, dining, travel, drug stores and home improvement/furnishings. Examples of merchants included in the online shopping category include Amazon, the Apple App Store (and iTunes), Etsy, Target.com and Walmart.com.

There’s also a sign-up bonus: earn a $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening. Spending about $333.33 per month should reach that.

The annual fee to carry the Bank of America® Customized Cash Rewards credit card is $0.

Last but not least, the Bank of America® Customized Cash Rewards credit card comes with solid intro APR periods on purchases and balance transfers. Enjoy a 0% Intro APR for 18 billing cycles for purchases. After, a 17.74% - 27.74% Variable APR applies.

If you’ve got existing debt on another high-interest credit card, you can transfer it to this one and take advantage of a 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days. After, a 17.74% - 27.74% Variable APR on balance transfers applies. The balance transfer fee is reasonable at either $10 or 3% of the amount of each transaction, whichever is greater.

Compare the Amazon Prime Store Card to similar cards

Comparison of four different credit cards
Amazon Prime Store Card Bank of America<sup>®</sup> Customized Cash Rewards credit card Amazon Prime Rewards Visa Signature Card Amazon Secured Card
Amazon Prime Store Card Bank of America® Customized Cash Rewards credit card Amazon Prime Rewards Visa Signature Card Amazon Secured Card
Read Review
Apply Now
on Bank Of America's secure site
Read Review
Review Coming Soon
Rewards Rate
Prime cardholders can earn 5% back at Amazon.com 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases 5% back at Amazon.com and Whole Foods Market with an eligible Prime membership, 2% back at restaurants and gas stations and 1% back on all other purchases. 2% back at Amazon.com, Amazon Fresh and more, with an eligible Prime membership
Welcome Offer
$100 Amazon.com gift card upon approval $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening Get a $150 Amazon Gift Card instantly upon approval. N/A
Annual Fee
$0 $0 $0 $0
Regular APR
28.24% Variable 17.74% - 27.74% Variable APR 17.24% to 25.24% variable 10.00% non-variable
Card Details
Amazon Prime Store Card Bank of America® Customized Cash Rewards credit card Amazon Prime Rewards Visa Signature Card Additional card details unavailable

Is the Amazon Prime Store Card right for you?

If you already have an Amazon Prime membership, and you aren’t looking for a card you can use outside of Amazon, the Amazon Prime Store Card offers a chance to earn cash back at a great rate for a $0 annual fee. And if you need time to pay off a big purchase, the promotional financing offers on this card can help (just make sure to pay off the purchase in full within the promotional period to avoid deferred interest).

However, if you’re looking for a card that can still reward your online shopping while offering more flexibility, consider the Bank of America® Customized Cash Rewards credit card or the Amazon Prime Rewards Visa Signature Card rather than the Amazon Prime Store Card.

Meanwhile, consumers looking to establish credit or improve their credit score would likely be better served by the Amazon Secured Card (which requires a security deposit in the amount of your desired credit limit).

The information related to the Amazon Prime Store Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.