Does Applying For Amazon Card Hurt Credit?

Why did I get denied for an Amazon credit card?

Your Amazon Credit Card application can be denied for multiple reasons.

Reasons that Chase, the issuer, might deny applicants include too little credit history or too low of a credit score, high amounts of debt, low income, a lot of recent credit inquiries, accounts in collections, or bankruptcy..

Should I apply for the Amazon credit card?

If you’re already a Prime member and a heavy Amazon user, this card could be a good addition to your wallet. “The benefits of the Amazon card are good, but not good enough to pay $99 per year for Amazon Prime if you are not a big shopper,” advises financial planner Kathy Hauer. Do the math before applying.

What are the benefits of an Amazon credit card?

Welcome bonus* $60. Amazon Gift Card instantly upon approval. … Rewards at Amazon and Whole Foods Market* 3% back. 5% back. … Rewards at restaurants, gas stations, and drugstores* 2% back. … Rewards on all other purchases* 1% back. … No annual credit card fee†No foreign transaction fees†Bonus rewards at Amazon* Up to 20% back.

How do I know if I’m approved for Amazon credit card?

Most applications for the Amazon credit card get an instant decision, and you should be able to find that in your email inbox. If your application isn’t instantly approved, you’ll be informed of the application status after Chase has completed the review process, usually within 2 to 4 weeks after applying.

How do you qualify for a Amazon credit card?

You are more likely to be approved for this card if your credit score* meets the following minimum criteria:Excellent: Credit score above 720.Good: Credit score above 680.Fair: Credit score above 640.

What credit score is needed for an Amazon Prime visa?

(640+)You’ll only need a fair credit score (640+) to have a reasonable shot at getting the card. The tradeoff is that unlike the Visa Signature card, which you can use anywhere Visa cards are accepted, the Amazon Store Card is limited to purchases on Amazon.com and at retailers that accept Amazon Pay.

What is the catch with Amazon credit card?

There is a small catch: The 5% cash back benefit, which also applies to Amazon.com purchases, is only available to active members of Amazon Prime, a subscription program that offers free two-day shipping, access to streaming video and music, and a variety of other Amazon-specific perks for $119 a year.

Is Amazon credit card a hard inquiry?

When you went outside of Amazon to Chase, they did a hard pull on their side which is what you saw. You’ll see a hard inquiry for both, but not necessarily on all three agencies (Experian, TransUnion and Equifax). … Amazon Store Card is through GE Money.

Is a Amazon credit card worth it?

The Amazon Prime Rewards card is undoubtedly worth it if you frequently order from Amazon — especially if you spend over $2,380 each year on the site or spend big on Amazon Prime Day. (Note, business owners may save even more with the Amazon Business Prime American Express Credit Card’s extra reward categories.)

What happens to my Amazon credit card if I cancel Prime?

Canceling Prime while using an Amazon Prime Rewards card When your current membership expires, Amazon will bill the annual membership fee to your account automatically. … The card can still be used for Amazon purchases, however, and still provides access to special financing offers.

What is the limit on Amazon credit card?

$400The Amazon Store Card credit limit is at least $400 in most cases, and the average credit limit is around $1,500. You can definitely get a higher limit than $1,500 with the Amazon Store Card, but you can also get a lower limit than $400.

How long does it take to get approved for Amazon credit card?

Amazon Rewards Visa Signature Card Approval Process Review these documents carefully before using your Amazon Rewards Visa Signature Card. If your application isn’t approved instantly, you’ll be informed of the application status after Chase Bank completes the review process, usually two to four weeks after applying.

Will applying for an Amazon credit card affect my credit score?

It is a credit card, like a store credit card that you can only use at the store, this one being Amazon.com. It does show up on your credit report as a revolving credit card.