If you shop at Amazon, you might be considering applying for one of their credit cards, such as the Amazon Prime Rewards VISA Signature Card, the Amazon Rewards VISA Signature Card, or the Amazon Prime Store Card. You should be aware of the requirements for eligibility and how your credit profile stacks up against them before making an application. [1].
A credit score, however, isnât the only criteria you need to meet. The bank that issues your Amazon credit card, like any other credit card issuer, also takes other factors into account when approving applications, such as your income level and other elements of your credit profile.
If your application is accepted, a number of factors, including the kind of card you’re applying for and the information lenders take into account, will affect your annual percentage rate. So, in order to determine whether you’re a good fit for an Amazon credit card, you should first think about your personal finances. [2].
This post explains the minimum credit score required to apply for an Amazon card, the approval procedure, what to do if your application is rejected, and how the process affects your credit.
So, you’re eyeing an Amazon credit card, eh? Wise choice, my friend! These babies can help you rack up some serious rewards on your Amazon purchases. But before you get your card-swiping fingers twitching, let’s talk about the credit score elephant in the room.
The Credit Score Lowdown for Amazon Credit Cards
Here’s the deal: the credit score you need for an Amazon credit card depends on which card you’re after. Let’s break it down:
Amazon Prime Rewards Visa Signature Card:
- This bad boy offers a whopping 5% back at Amazon.com, Whole Foods Market, and on Chase Travel purchases. Plus, you’ll snag a sweet 2% back at restaurants, gas stations, and on local transit and commuting. Not too shabby, right?
- To snag this card, you’ll likely need a good credit score, which means a FICO score of 670 or above.
Amazon Rewards Visa Signature Card:
- This card offers a solid 3% back at Amazon.com, Whole Foods Market, and on Chase Travel purchases. You’ll also get a decent 2% back at restaurants, gas stations, and drugstores, and 1% back on everything else.
- The good news is that this card requires a good credit score of 670 or above, just like its Prime counterpart.
Amazon Store Card:
- This card is exclusive to Amazon purchases and offers a 5% back reward on those purchases. It’s a simple card for simple rewards.
- The best part? You can usually qualify for this card with a fair credit score (580 to 669).
A Few Credit Score Tips
Remember, your credit score is like your financial fingerprint The higher it is, the more lenders will trust you and offer you better terms on loans and credit cards. So, here are some tips to keep your credit score sparkling:
- Pay your bills on time, every time. This is the single most important factor in your credit score.
- Keep your credit utilization low. This means using only a small portion of your available credit. Aim for 30% or less.
- Limit the number of new credit applications. Every time you apply for new credit, it can ding your score a bit.
- Check your credit report regularly for errors. You can get a free copy of your credit report from each of the three major credit bureaus (Experian, Equifax, and TransUnion) once a year at AnnualCreditReport.com.
The Bottom Line
Obtaining an Amazon credit card can help you improve your performance in rewards programs. Just make sure your credit score allows you to get the desired card. And never forget: take good care of your credit score because it’s like having a golden ticket to financial freedom!
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If you shop at Amazon, you might be considering applying for one of their credit cards, such as the Amazon Prime Rewards VISA Signature Card, the Amazon Rewards VISA Signature Card, or the Amazon Prime Store Card. You should be aware of the requirements for eligibility and how your credit profile stacks up against them before making an application. [1].
A credit score, however, isnât the only criteria you need to meet. The bank that issues your Amazon credit card, like any other credit card issuer, also takes other factors into account when approving applications, such as your income level and other elements of your credit profile.
If your application is accepted, a number of factors, including the kind of card you’re applying for and the information lenders take into account, will affect your annual percentage rate. So, in order to determine whether you’re a good fit for an Amazon credit card, you should first think about your personal finances. [2].
This post explains the minimum credit score required to apply for an Amazon card, the approval procedure, what to do if your application is rejected, and how the process affects your credit.
What credit score do you need to be considered for an Amazon card?
Amazon provides some data for illustrative purposes only to help you determine how your credit score compares to the requirements for the Amazon card. Your chances of getting approved for an Amazon credit card are higher if your credit score is higher than 640, according to Amazon. [3].
Amazon provides credit score ranges, which it has based on scores that have been commonly used. These ranges are not the same as those used by credit scoring models such as FICO®, and lenders who evaluate your credit may use a different range to determine your credit profile. These ranges are only for illustrative purposes. Therefore, the definition of a “good” score as determined by FICO® may differ from that of a lender. The ranges provided by Amazon are as follows:[3].
- Fair: 640+
- Good: 680+
- Excellent: 720+
The credit score ranges Amazon provides are based on commonly used scores according to Amazon. They are not traditional FICO® Score ranges. Different from Amazon’s score ranges, FICO® has its own, and different lenders may have different cutoffs. Hence, you can use Amazon’s ranges to estimate where your score might land for Amazon cards, but it might land in a completely different FICO® range or range that the particular lender reviewing your application uses.
Your current credit card issuer, loan statements, credit monitoring services, or the credit reporting companies themselves may all allow you to check your credit score. [4] Keep in mind that some of these options are free to use and some are paid. Additionally, find out if your bank participates in FICO® Open Access, which provides free access to your FICO® credit score, and Experian, which offers free credit scores upon opening a free account. [5].
Lenders consider more than just your credit score when you apply. When evaluating your creditworthiness, lenders look for signs that you may be a high-risk borrower as well as your ability to repay what you owe.
Even with an acceptable credit score, a lender may reject an application due to a lack of credit history, late payments, high debt, inadequate income, or an excessive number of recent inquiries. [6].
Another factor for Amazon credit cards specifically is Amazon Prime membership. Some Amazon store cards, like the Amazon Prime Rewards Signature Visa, are only available to Amazon Prime members. Therefore, even though there isn’t an annual fee for the card, in order to be eligible, you must buy an annual Prime membership.
What credit score do you need for a Amazon credit card?
FAQ
Can I get an Amazon Credit Card with a 600 credit score?
What credit score is needed for Amazon Prime credit card?
Can you get Amazon Credit Card with 650 credit score?
Does Amazon Credit Card do a hard pull?
What credit score do you need for Amazon Prime?
According to the company, they are more likely to approve an applicant if their credit score is at least 640. Of course, the higher your credit score, the higher your likelihood of approval. Amazon Store Card members who join Amazon Prime earn 5% back on all purchases. The Amazon Rewards Visa Card.
Do you need a credit score to get an Amazon credit card?
If you’re interested in signing up for an Amazon credit card, you’ll need to have this credit score. Shoppers who are looking for more ways to save should consider signing up for the Amazon Prime Visa card.
What is Amazon’s minimum credit score?
Amazon doesn’t state what its minimum credit score requirement is. Generally, most closed-loop store cards require fair credit or better for approval. FICO defines a fair score as starting at 580.
How does my credit score compare to Amazon credit card requirements?
To figure out how your credit score compares to Amazon card requirements, Amazon offers some data for illustrative purposes only. According to Amazon, you’re more likely to be approved for an Amazon credit card if your credit score is above 640. Amazon provides credit score ranges, which it has based on scores that have been commonly used.