Thinking about getting an Amazon Visa credit card? It’s a smart move, let’s dive in to address some common questions and clear up any confusion.
But, if you need help with Amazon Visa login, payment, and customer service info, click on this link
Does the Amazon Visa credit card have an annual fee?
Nope, it’s fee-free!
. Which bank issues the Amazon Visa credit card?
Chase is the bank that issues Amazon’s Visa cards.
Can I use the Amazon Visa credit card anywhere or only at Amazon?
It is accepted at Amazon and virtually every other business that takes credit cards, so you may use it everywhere that Visa is accepted.
Is there a sign up bonus opportunity if I apply and am approved for the Amazon Visa?
Yes. When you are granted the Amazon Visa credit card, an Amazon gift card will be automatically deposited onto your Amazon.com account. Depending on the current deal, the bonus gift card’s value can change. As of December 17, 2021, the bonus for new Amazon Rewards Visa cardholders who are not paid Amazon Prime members was $75 and the bonus for Amazon Prime members who are approved for the Prime rewards Visa was $150.
What is the interest rate / APR of the Amazon Visa credit card?
Depending on how Chase evaluates your credit history, your credit card APR could range from 14.24% to 22.24%. Rates may automatically increase or decrease in accordance with Federal interest rates because they are variable. (as of December 17, 2021).
6. Does the Amazon Visa credit card have a grace period before purchases get charged interest?
Yes. If you want to avoid paying interest, you have three weeks starting at the end of the monthly cycle to make your payment.
Keep in mind that to avoid paying interest, you must settle the entire sum from the prior billing cycle by the due date.
You would have until September 24 to pay off any purchases made before and including September 3 if a billing month finishes on September 3, for instance, in order to avoid interest.
(The “statement balance” is the sum that must be settled to avoid interest.)
Does the Amazon Visa offer a pre-approval or pre-qualification online?
No, there isn’t one online.
What are the credit score requirements for Amazon Visa credit card approval?
An Amazon Visa credit card application is often approved with a credit score of at least 700. Scores between 650 and 699 may also be accepted, but the likelihood of acceptance is lower. Most applications for an Amazon Visa credit card will be rejected if your credit score is below 650. (These scores are estimations; acceptance or disapproval is not guaranteed at any particular credit score.)
. Does the Amazon Visa credit card offer instant approval?
To some people, yes. You might get accepted nearly immediately and be able to use your card for Amazon purchases right away if your credit history is deemed to be solid enough. (To use it somewhere else, however, you’d have to wait until the physical card arrives in the mail.) There is no assurance that your application will be approved right away; some applicants may need to wait longer.
Which credit bureau does Chase pull my report from?
There is no way to know for sure. All three bureaus—Equifax, Experian, and Transunion—have retrieved the reports of approved cardholders. Chase does not disclose the process by which they decide which credit reporting agency to utilize for a certain application.
. Will it be a hard inquiry on my credit report if I apply for the Amazon Visa credit card?
Yes, expect a slight decrease in your credit score due to a hard inquiry.
How can I check the status of my Amazon Visa application?
Since Chase issues the Amazon Rewards Visa, call them at 1-888-247-4080 for updates.
What’s the credit limit on an Amazon Visa card?
If you are given a Visa credit card from Amazon, the credit limit will be at least $500.
The majority of new cardholders, some with credit limits of $10,000 or more, will, nevertheless, receive increased credit limits. Depending on their payment history and other variables, some cardholders may also be eligible for credit limit increases over time.
There is no pre-established formula that can guarantee you the credit limit you will receive; rather, Chase determines credit limits based on your unique credit history, income, and other factors.
Can I take my Amazon Visa credit card rewards as cash back or do I have to redeem them for Amazon purchases?
You have the option of receiving cash back as a deposit into a bank or savings account in the United States or as an account statement credit that reduces your credit card balance by the amount of the points redeemed.
When points from the card are redeemed for cash back, each point is worth one penny. 10,000 points, for instance, are worth $100.
Can I transfer balances from other cards to the Amazon Visa?
Is the interest rate on balance transfers different? Is there a cost for transferring my balance?
You can transfer a balance, but there is a 5% balance transfer charge, and the APR will be the same for the transferred balance as it will be for new purchases. On balance transfers, there is NOT a 0% introductory offer.
Does the Amazon Visa charge a foreign transaction fee?
No, you won’t incur extra charges for international purchases.
Can I get a cash advance from my Amazon Visa credit card?
Yes, but doing so will be costly. First, you must pay a fee equal to 5% of the cash advance amount (or at least $10 if 5% equals less than $10).
Then, there won’t be a grace period for the cash advance, so you’ll have to start paying interest right away.
Last but not least, the APR for the cash advance will be higher than it is for purchases; as of our last check, it was 24.99%.
. Are points earned on the Amazon Visa the same as Chase’s Ultimate Rewards points?
No. The Amazon Visa is not a part of Chase’s Ultimate Rewards program. The Amazon Visa rewards cannot be combined with any other Chase credit card rewards.
- If I cancel my Amazon Prime membership after getting the Amazon Visa, will my card be deactivated?
No, your card remains active, but you’ll lose the 5% Amazon.com and Whole Foods rewards. Instead, you’ll earn 3%.
Which country has Amazon card?
Amazon uses a separate Amazon account for each nation, and thus different Amazon gift cards. Amazon Netherlands (NL), Amazon Germany (DE), Amazon UK (UK), and Amazon US (US) gift cards are all available.
So, there you have it—a comprehensive FAQ about Amazon Visa credit cards. Armed with this knowledge, you can make an informed decision about whether these cards are right for you. Happy spending!