Amazon Rewards Credit Card: What Credit Score Is Needed
The Amazon Rewards Credit Card is a popular choice among frequent Amazon shoppers, offering various benefits and rewards for every purchase made on the platform. However, many potential applicants may wonder what credit score is required to qualify for this card. In this article, we will delve into the necessary credit score and provide answers to frequently asked questions about the Amazon Rewards Credit Card.
The required credit score to be eligible for the Amazon Rewards Credit Card varies depending on the issuer, which is Chase Bank. Generally, a good credit score of 700 or above is recommended to increase your chances of approval. However, it is important to note that credit score is not the sole determining factor in the approval process. Issuers also consider other aspects of your credit history, such as your credit utilization, payment history, and any negative marks on your credit report.
Now, let’s address some common questions about the Amazon Rewards Credit Card:
1. Can I apply for the Amazon Rewards Credit Card with a lower credit score?
While a good credit score is recommended, it is possible to be approved with a lower score. Chase Bank takes into account various factors, including your overall creditworthiness, when evaluating your application.
2. What if I have no credit history?
If you have no credit history, it might be challenging to qualify for the Amazon Rewards Credit Card. In such cases, it is advisable to start building your credit by applying for a secured credit card or becoming an authorized user on someone else’s credit card.
3. Will my credit score be affected by applying for the Amazon Rewards Credit Card?
Yes, your credit score may be impacted when you apply for the card, as it involves a hard inquiry on your credit report. However, the impact is usually temporary and will diminish over time.
4. Are there any annual fees associated with the Amazon Rewards Credit Card?
No, the Amazon Rewards Credit Card does not have an annual fee. This makes it an attractive option for regular Amazon shoppers who want to earn rewards without any additional costs.
5. What are the rewards offered by the Amazon Rewards Credit Card?
The card offers various rewards, including 3% back on Amazon.com and Whole Foods Market purchases, 2% back at gas stations, restaurants, and drugstores, and 1% back on all other purchases. These rewards can be redeemed for future Amazon purchases.
6. Can I use the Amazon Rewards Credit Card outside of Amazon?
Yes, the card can be used anywhere that accepts Visa, so you can earn rewards even when you shop at other retailers or dine at restaurants.
7. Can I upgrade my existing Amazon Store Card to the Amazon Rewards Credit Card?
Yes, if you already have an Amazon Store Card, you can request an upgrade to the Amazon Rewards Credit Card. This will allow you to earn more rewards and enjoy additional benefits.
In conclusion, while a good credit score of 700 or above is recommended to qualify for the Amazon Rewards Credit Card, it is possible to be approved with a lower score. Other factors, such as your credit history and overall creditworthiness, also play a role in the approval process. If you meet the eligibility criteria, this card can be a valuable tool for earning rewards and maximizing your Amazon shopping experience.