If you decide the Prime membership isn't worth its fee, you can still qualify for the Amazon Rewards Visa Signature Card. ... The Prime Rewards card is the better option if you're spending more than $5,950 per year on Amazon and at Whole Foods.
Amazon reports that you're "more likely to be approved" for their Prime Rewards Siganture card with a score of 640 or higher. There are user reports of being approved with a score as low as 600.
Where Can I Use My Amazon Prime Rewards Signature Visa Credit Card? You'll earn 5% back on all Amazon.com and Whole Foods markets purchases, but you can use the card anywhere Visa is accepted.
You'll earn rewards in the form of points, which can then be applied to future Amazon purchases through the Shop with Points Program. Or, you can redeem your points for cash back, gift cards or travel through Chase. Each point is worth 1 cent each, so 100 points equal $1 in rewards.
You'll only need a fair credit score 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.com Store Card is limited to purchases on Amazon.com and at retailers that accept Amazon Pay.
Cardholders who cancel their Amazon Prime membership can keep the Amazon Prime Rewards Visa Signature Card, but they earn 3% back, instead of 5%, on Amazon.com and Whole Foods purchases.
The best credit cards for a 550 score:
Yes, the Amazon Credit Card will do a hard pull. You will need a credit score of at least 700 to get it. There is no way to pre-qualify for the Amazon Credit Card. A hard pull usually causes an applicant's credit score to drop by 5-10 points.
If you're an Amazon Prime member, go with the Amazon Prime Rewards Visa Signature Card. Otherwise, your decision is easy: Choose the Amazon Rewards Visa Signature Card.
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