Does applying for Amazon card hurt credit?

Asked by: Tevin Rowe  |  Last update: February 4, 2023
Score: 4.2/5 (37 votes)

Yes, applying for an Amazon card does hurt your credit score by a small amount. When you apply for either the Credit Card or the Store Card, you must authorize a hard pull of your credit, which will temporarily drop your credit score by 5 to 10 points.

Is Amazon credit card a hard inquiry?

Yes, the Amazon Store Card will do a hard pull, also known as a hard inquiry, which may cause your credit score to temporarily go down a few points. You will need a credit score of at least 640 to get it, which is on par with what most store cards require. There is no way to pre-qualify for the Amazon Store Card.

Does the Amazon store card build credit?

Building Credit with Amazon Secured Card

Synchrony Bank will report your account activity to the major credit bureaus. Building a history of on-time payments can help build your credit. As a cardholder, you have several tools at hand to help you learn to build your credit through responsible usage.

Does Amazon financing affect credit score?

Your eligibility to use an Amazon payment plan won't be affected by your credit scores since Amazon doesn't do a credit check.

What credit score do you need to get an Amazon Visa card?

Generally speaking, you'll need excellent credit to qualify for the Amazon Prime Rewards Visa Signature Card. This typically means a credit score of 740 or higher.

Does Opening a New Credit Card Hurt Your Credit Score?

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What FICO score does Amazon use?

What Credit Bureau Does Amazon Use When Pulling Your Credit For Amazon Prime Rewards Visa? Amazon uses Chase for its credit cards. Chase uses all three credit bureaus and the FICO 8 model when making credit decisions.

What is Amazon credit card limit?

The 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. Some forum users have reported initial credit limits as low as $150.

Does the Amazon store card have an annual fee?

The card doesn't have an annual fee, though you'll want to have Amazon Prime to take full advantage of the perks. So casual Amazon shoppers who aren't tied to their Prime membership will probably be better off applying for a different cash-back credit card.

Can I use my Amazon credit card anywhere?

You can expect to use your Amazon credit card anywhere that takes Visa. This means you can use it anywhere in the U.S., and in over 150 countries worldwide. Unlike store cards that are tied to use at a specific retailer, a Visa card connected to Amazon is a regular credit card in many ways.

Does Amazon check your credit for employment?

So yes, they do. In connection with your application for employment or continued employment with, Inc. or its subsidiaries or affiliates (“Amazon”), we will procure a consumer report on you from a consumer reporting agency. This is commonly known as a “background check.”

Is it hard to get an Amazon Mastercard?

As a traditional credit card, you'll likely need a credit score of at least 660 to be approved for the Rewards Mastercard. Note that your credit score takes a hit of 10 points when you apply.

How many credit cards are too many?

How many credit accounts is too many or too few? Credit scoring formulas don't punish you for having too many credit accounts, but you can have too few. Credit bureaus suggest that five or more accounts — which can be a mix of cards and loans — is a reasonable number to build toward over time.

What are the benefits of having an Amazon Prime credit card?

  • Rewards. 3% cash back at and Whole Foods Market; 2% back at restaurants, gas stations and drugstores; 1% back on all other purchases.
  • Welcome bonus. $50 gift card upon approval.
  • Annual fee. $0.
  • Intro APR. None.
  • Regular APR. ...
  • Balance transfer fee. ...
  • Foreign transaction fee. ...
  • Credit needed.

Does Amazon card do a soft pull?

No, the Credit Card won't do a soft pull. It will perform a hard pull when you apply for it which can damage your credit score temporarily. You will need a credit score of at least 700 to get the Credit Card. Unfortunately, there is no way to pre-qualify for this card.

What is the easiest Amazon card to get?

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. It's nice to know that these two Visa Signature cards are somewhat interchangeable depending on your current Amazon Prime member status.

How many points does a hard inquiry affect credit score?

A hard credit inquiry could lower your credit score by as much as 10 points, though in many cases the damage probably won't be that significant. As FICO explains: “For most people, one additional credit inquiry will take less than five points off their FICO Scores.”

Can I use my Amazon credit card for gas?

Pay for Gas the smart way

Swiping your card and remembering your billing zip code is so last year. Now, with Amazon Pay, it's all stored safely in your Amazon account so you don't have to worry about it!

Can I use my Amazon store card at Walmart?

No, you cannot use your Store Card at Walmart, either in-store or online. This card can only be used at Amazon and merchants that accept Amazon Pay, and Walmart currently does not accept Amazon Pay as a payment method.

Can you withdraw money from Amazon credit card?

You can get an Amazon Credit Card cash advance at any ATM. To initiate the cash advance, insert the card in the ATM, enter your PIN (or call 888-247-4080 in you don't have one) and withdraw cash up to your available limit.

How soon can I cancel Amazon credit card?

To cancel your Credit Card application, call (888) 247-4080 as soon as possible. If you applied online, you may only have a few minutes before the issuer starts reviewing your application.

Is the Amazon card metal?

Yes, the Amazon Prime credit card is metal, it is made of titanium. Having said that, you shouldn't worry too much about what your credit card is made of; it's just a tool for making purchases and what matters the most is its terms. The Amazon Prime credit card comes with a $0 annual fee.

Is there a monthly fee for an Amazon credit card?

Rates and fees

You must have an Amazon Prime membership to get the card, which is currently $14.99 per month or $139 each year (if you opt to pay for a whole year at once).

What is the 5 24 rule?

What is the 5/24 rule? Many card issuers have criteria for who can qualify for new accounts, but Chase is perhaps the most strict. Chase's 5/24 rule means that you can't be approved for most Chase cards if you've opened five or more personal credit cards (from any card issuer) within the past 24 months.

How often does Amazon raise credit limit?

In most cases, through Synchrony Bank, Amazon will automatically increase your credit limit after six to twelve months of responsible credit usage. However, you can request your credit limit increase after six months through these easy steps: Contact Amazon customer care through 1-866-634-8379.

Why did Amazon lower my credit limit?

As long as you are using it 85%-100% they will raise your limit. If you try to pay it off or keep it around 30% to keep your credit good, they will DECREASE your credit limit to the exact amount you owe which will drasticly decrease your credit score causing other cards to raise your interest rates!