What Credit Score Do You Need For Amazon Rewards Card? A Must-Read Guide
Let’s talk about the Amazon Rewards Card, shall we? If you’re an avid Amazon shopper or just someone looking to earn sweet rewards while building credit, this is the conversation you’ve been waiting for. The Amazon Rewards Card is a fan favorite, but there’s one big question that keeps popping up: What credit score do you need to qualify? Spoiler alert—your credit score plays a huge role in getting approved. But don’t panic yet! We’re here to break it all down for you.
Now, I know what you’re thinking. “Do I really need to stress about my credit score just to get a card that gives me cashback on Amazon purchases?” The short answer is yes, but let’s dive deeper into why and how you can make this work for you. Whether you’re a credit newbie or a seasoned pro, this guide will give you all the tools you need to boost your chances of approval.
So, grab your favorite beverage, settle into your coziest chair, and let’s talk about the Amazon Rewards Card. By the end of this article, you’ll have a solid understanding of the credit score requirements, tips to improve your score, and everything else you need to know to make the most of this awesome card. Ready? Let’s go!
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Here’s a quick roadmap of what we’ll cover:
- What Credit Score Do You Need for Amazon Rewards Card?
- Benefits of the Amazon Rewards Card
- Eligibility Criteria for the Card
- How to Improve Your Credit Score
- Common Questions About the Amazon Rewards Card
- Steps to Apply for the Card
- Alternative Credit Cards for Lower Scores
- Comparison with Other Reward Cards
- Tips for Using the Amazon Rewards Card
- Wrapping It All Up
What Credit Score Do You Need for Amazon Rewards Card?
Alright, here’s the big question: what credit score do you need to snag the Amazon Rewards Card? Let’s spill the beans. While Amazon doesn’t explicitly state the exact score required, the general consensus among experts is that you’ll need a good to excellent credit score. That typically means a FICO score of 670 or higher. But hey, that’s not set in stone.
Think of it this way—if your credit score is around 700, you’re in a pretty good spot. If it’s closer to 650, you might still have a shot, but it’s not guaranteed. And if you’re below 600, you might want to focus on improving your score before applying.
Why Does Credit Score Matter?
Your credit score is like your financial report card. It tells lenders how trustworthy you are when it comes to paying back debts. A higher score indicates that you’ve been responsible with credit in the past, which makes lenders more likely to approve you for new credit products like the Amazon Rewards Card.
But here’s the kicker—it’s not just about the number. Lenders also look at other factors like your credit history, income, and debt-to-income ratio. So even if your score isn’t perfect, you might still qualify if everything else looks good.
Benefits of the Amazon Rewards Card
Now that we’ve covered the credit score part, let’s talk about why the Amazon Rewards Card is such a big deal. If you’re an Amazon Prime member or just someone who loves shopping online, this card is basically a dream come true. Here’s what you get:
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- 5% cash back on Amazon.com purchases
- 2% cash back at gas stations and restaurants
- 1% cash back on all other purchases
- No annual fee (yes, you heard that right!)
- No foreign transaction fees, so you can shop globally without worrying about extra charges
Oh, and did I mention the 0% intro APR on purchases for the first 6 months? That’s a pretty sweet deal if you’re planning to make some big purchases.
Eligibility Criteria for the Card
So, what else do you need besides a decent credit score to qualify for the Amazon Rewards Card? Here’s the scoop:
Age Requirement
First things first—you need to be at least 18 years old to apply. If you’re under 18, you’ll have to wait until you hit that magical age before you can start racking up those rewards.
Income and Employment
Lenders also want to see that you have a stable source of income. This doesn’t necessarily mean you need to be rolling in cash, but you should have enough income to cover your monthly expenses and any new credit obligations.
Credit History
Your credit history is another big factor. If you’ve had a rocky past with credit, it might be harder to get approved. But don’t sweat it—we’ll talk about how to improve your credit later on.
How to Improve Your Credit Score
If your credit score isn’t where you want it to be, don’t worry. There are plenty of things you can do to boost it. Here are some tips:
- Pay Your Bills on Time: Late payments can tank your score, so set up reminders or autopay to stay on track.
- Keep Your Credit Utilization Low: Try to use no more than 30% of your available credit at any given time.
- Check Your Credit Report: Look for errors or discrepancies and dispute them if necessary.
- Be Patient: Building credit takes time, so stick with it and you’ll see improvements over the long haul.
And here’s a bonus tip—consider getting a secured credit card if you’re struggling to build credit. It’s a great way to start small and work your way up.
Common Questions About the Amazon Rewards Card
Got questions? We’ve got answers. Here are some of the most common questions people ask about the Amazon Rewards Card:
Can You Use the Card Outside of Amazon?
Absolutely! While you’ll earn the most cash back on Amazon purchases, you can use the card anywhere Mastercard is accepted. And remember, you’ll still earn 2% cash back at gas stations and restaurants.
Is There an Annual Fee?
Nope! One of the best things about the Amazon Rewards Card is that it has no annual fee. That means you can enjoy all the perks without having to pay a dime just for owning the card.
Can You Combine Rewards with Amazon Prime?
Yes, you can! If you’re an Amazon Prime member, you’ll earn even more rewards on your Amazon purchases. It’s like a double whammy of savings.
Steps to Apply for the Card
Ready to apply for the Amazon Rewards Card? Here’s what you need to do:
- Visit the Amazon Rewards Card website.
- Fill out the application form with your personal and financial information.
- Submit your application and wait for a decision. This usually happens within minutes.
- If approved, you’ll receive your card in the mail within 7-10 business days.
And that’s it! Easy peasy, right?
Alternative Credit Cards for Lower Scores
What if your credit score isn’t quite high enough for the Amazon Rewards Card? No worries—there are plenty of other great options out there. Here are a few alternatives:
- Discover it® Secured: A great option for building credit with a low credit limit.
- Capital One Platinum Credit Card: Offers a $0 late fee and a higher credit limit for those with fair credit.
- Chase Freedom Secured: Earn cash back rewards while building your credit.
These cards might not offer the same perks as the Amazon Rewards Card, but they’re still solid choices if you’re working on improving your credit.
Comparison with Other Reward Cards
Let’s face it—there are a ton of reward cards out there. How does the Amazon Rewards Card stack up against the competition? Here’s a quick comparison:
| Card | Cash Back | Annual Fee | APR |
|---|---|---|---|
| Amazon Rewards Card | 5% on Amazon, 2% on gas/restaurants, 1% on other | $0 | 14.99%-23.99% |
| Chase Freedom | 5% on rotating categories, 1% on other | $0 | 15.99%-22.99% |
| Citi Double Cash | 2% on everything | $0 | 14.99%-24.99% |
As you can see, the Amazon Rewards Card offers some pretty competitive rewards, especially if you’re an Amazon shopper.
Tips for Using the Amazon Rewards Card
Once you’ve got your Amazon Rewards Card, here are a few tips to make the most of it:
- Use the card for all your Amazon purchases to maximize your cash back.
- Set up autopay to avoid missing payments and hurting your credit score.
- Keep an eye on your rewards balance and redeem them when you reach a good amount.
- Stay within your budget and don’t let the rewards tempt you to overspend.
Remember, the goal is to save money, not spend more than you need to.
Wrapping It All Up
So, there you have it—everything you need to know about the Amazon Rewards Card and the credit score requirements. To recap:
- You’ll need a good to excellent credit score (670+) to qualify.
- The card offers awesome rewards, especially for Amazon shoppers.
- There are plenty of ways to improve your credit score if you’re not quite there yet.
- Don’t forget to check out alternative cards if you need more options.
If you’re ready to take the plunge and apply for the Amazon Rewards Card, go for it! And if you have any questions or thoughts, drop them in the comments below. We’d love to hear from you. Happy shopping, and may your rewards be plentiful!
