You can’t apply for this Amazon credit card directly. Instead you must apply for the unsecured Amazon.com Store Card — and if you don’t qualify for that card, then Synchrony, the card issuer, will automatically consider you for the secured version.
If approved for the Amazon.com Store Card Credit Builder, you’ll need to provide a security deposit of at least $100. Your credit limit will be equal to the amount you deposit. To make your security deposit you can visit https://www.amazon.com/creditbuilder.
Cardholders with Amazon Prime memberships will automatically be given the Amazon Prime Store Card Credit Builder card, which earns 5% cash back on Amazon purchases when special financing is declined. Other than that all the terms and features are the same.
You can also choose deferred interest financing offers for eligible purchases of $149 and more:
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Take note that deferred financing offers are risky, because if you make a late payment or fail to pay off the full balance by the end of the term, you’ll immediately be charged interest on the starting balance for the entire length of the term. Learn more about deferred interest financing and how to use these offers safely.
And there are also Equal Pay financing offers, which allow you to pay over time at no interest as long as you pay off the financed balance in 12 equal payments. These are better than deferred interest offers because there’s no retroactive interest. You can learn more about the Equal Pay financing offers here.
You have a chance to upgrade from this secured card to the unsecured Amazon.com Store Card (or Prime Store Card). According to Amazon, some of the criteria used to determine upgrades are:
- You make 7 consecutive on-time payments on your Amazon Credit Builder account and pay all other bills on time.
- Your credit file has no recent bankruptcy, foreclosure, repossession, or delinquent accounts.
- Your credit scores meet Synchrony Bank’s internal credit criteria.
Where can I use my Amazon.com Store Card Credit Builder?
This card can only be used on Amazon.com.
Amazon also provides two other consumer credit cards which can be used anywhere Visa credit cards are accepted:
And there are also two Amazon business cards, which can be used anywhere American Express cards are accepted: