Amazon offers a variety of credit cards with different benefits. But what credit score do you need to qualify for an Amazon card?
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Amazon offers two different credit cards to their customers, the Amazon Prime Rewards Visa Signature Card and the Amazon Rewards Visa Card. Both of these cards offer great benefits to their holders, but they also come with different credit score requirements. So, what credit score do you need for an Amazon card?
Amazon Prime Rewards Visa Signature Card
The Amazon Prime Rewards Visa Signature Card is a great choice for Amazon shoppers who want to earn rewards on their everyday spending. The card offers 3% back on Amazon purchases, 2% back at restaurants, gas stations and drugstores, and 1% back on all other purchases. There is no annual fee and you get a $70 Amazon.com gift card upon approval.
Amazon Rewards Visa Signature Card
The Amazon Rewards Visa Signature Card is a good option for people with excellent credit who frequently shop at Amazon.com. You’ll earn 3 points per dollar spent on Amazon purchases, and 2 points per dollar spent at restaurants, gas stations and drugstores. There are no annual or foreign transaction fees. You can redeem your points for cash back, gift cards or travel.
When you’re looking to get a new credit card, one of the first things you’ll want to know is what credit score you need to qualify. After all, no one wants to fill out a credit card application only to be rejected. So, what credit score do you need for an Amazon card?
What is a good credit score?
There is no one answer to the question, “What is a good credit score?” because different lenders have different standards for what they deem as a “good” credit score. However, in general, a credit score of 700 or above is considered to be good.
A good credit score will typically qualify you for more favorable interest rates and terms on loans and credit cards. For example, if you have a good credit score, you may be able to qualify for an Amazon Rewards Visa card with a 0% APR introductory offer on purchases and balance transfers for 12 months (after that, a variable APR currently between 13.49% – 21.49% applies).
How to improve your credit score
payment history (35%)
This is the most important factor in your credit score. It includes whether you pay your bills on time, and if you have any collections or late payments. The key is to keep a good payment history — aim for at least 12 months of on-time payments.
credit utilization (30%)
This is the second most important factor in your credit score. It measures how much of your credit limit you use each month. For example, if you have a $1,000 credit limit and you spend $500 in a month, your credit utilization would be 50%. Try to keep your credit utilization below 30%, and ideally below 10%.
credit history (15%)
Your credit history includes how long you’ve been using credit, and the types of credit you’ve used. To build a good credit history, try to use a mix of different types of credit products, such as revolving lines of credit (e.g.,credit cards) and installment loans (e.g., personal loans).
new credit (10%)
Opening new lines of credit can impact your score — if you open too many new accounts in a short period of time, it can look like you’re trying to borrow too much money. Try to space out your applications for new credit products so that they don’t all hit your report at once.
credit mix (5%)
Your mix of credits includes both revolving lines of credit (e.g.,credit cards) and installment loans (e.g., personal loans). Using both types of credits can help improve your score because it shows that you can manage different types of debts responsibly.
Other Amazon Cards
One of the main reasons people shop on Amazon is because of the ease of use and convenience that the website offers. Another reason people shop on Amazon is because they offer a variety of different Amazon credit cards. So, what credit score do you need for an Amazon card?
Amazon Business Prime American Express Card
The Amazon Business Prime American Express Card is a good choice for business owners who frequently shop on Amazon. This card offers 3% back on Amazon purchases, 2% back at gas stations and restaurants, and 1% back on all other purchases. There is no annual fee for this card, and you can earn a $100 Amazon gift card when you sign up. To qualify for this card, you need to have good to excellent credit.
Amazon Prime Store Card
If you’re a frequent Amazon shopper, you may be wondering if you can get an Amazon Prime Store Card to save even more money. The short answer is yes – you can get an Amazon Prime Store Card with a credit score of 640 or higher.
If you have a Prime membership, you’re automatically eligible for the Amazon Prime Store Card. This card offers 5% back on all Amazon purchases, which is a great way to save money if you shop on the site frequently. Plus, there are no annual fees or foreign transaction fees, and you get an exclusive 24/7 customer service line just for cardholders.
To get the Amazon Prime Store Card, simply fill out an application on the Amazon website. You’ll need to provide some basic personal information, as well as your Social Security number and income. Once you’re approved, you can start using your card immediately – just be sure to pay off your balance in full each month to avoid interest charges.