Amazon Credit Card Review

Amazon Chase credit card is a great credit card for shoppers who frequently shop on Amazon.com website. It is based on Visa credit card system and issued by Chase bank.

When you first purchase something on Amazon.com you will get $30 dollars back. So if you purchase something for $31 you will just pay $1 total.

This card has instant approval - majority of applications are responded online within 60 seconds from the application moment.

You earn reward points for every dollar you spend.

Points You GetPlaces you spend
3 pointsAmazon.com
2 pointsGas Stations, Restaurants and Drugstores
1 pointAnywhere else Visa credit cards are accepted!

In my opinion this card is great for people who shop a lot on Amazon.com. Other than that it provides pretty standard Visa card benefits with approximately 1% of your general non-Amazon spend reimbursed.

For competitive offers it may make sense to take a look at the American Express rewards cards which also provide some good shopping bonuses and may have competitive rates and reward programs.

Below are details for current APR rates on Amazon credit card.

Annual Percentage Rate (APR) for Purchases

13.24% for the Signature card or 18.24% or 21.24% for the Platinum card, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

APR for Balance Transfers

13.24% for the Signature card or 18.24% or 21.24% for the Platinum card, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

APR for Cash Advances

19.24% or, if your purchase APR is 21.24%, then 23.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

APR for Overdraft Advances

19.24% or, if your purchase APR is 21.24%, then 23.24% (not available in some states), based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.

Penalty APR and When It Applies

29.99%. This APR will vary with the market based on the Prime Rate.

The Penalty APR will apply to your Account if you:

  • fail to make any Minimum Payment by the date and time due (late payment);
  • exceed your credit line (if applicable);
  • vmake a payment to us that is returned unpaid; or
  • do any of the above on another account or loan you have with us or any of our related companies.
  • How Long Will the Penalty APR Apply: If an APR is increased for any of these reasons, the Penalty APR will apply indefinitely to future transactions. If we do not receive any Minimum Payment within 60 days of the date and time due, the Penalty APR will apply to all outstanding balances and future transactions on your Account; but if we receive six consecutive Minimum Payments when due, beginning immediately after the increase, the Penalty APR will stop being applied to transactions that occurred prior to or within 14 days after we provided you notice about the APR increase.
 
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