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Amazon Store card 5% back on all Amazon purchases or special financing on 149.00 + 40.00 gift card for prime members

JackBurton 1,379 927 March 17, 2015 at 08:00 PM in Finance (4) More Amazon Deals
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Last Edited by tails1030 March 17, 2015 at 10:11 PM
Searched before I posted so forgive me if this has been mentioned.

Amazon [amazon.com]is currently offering 5% back on all purchases or special financing on purchases over $149.00. This is much akin to the Target Redcard credit card with no annual fee. I personally have the Chase Amazon and this pretty much makes it useless as it's a 3% card at Amazon.com with 2% back at drugstore, gas and restaurants which a card like Double Cash does on everything. Doesn't look like there's a limit on spend as well, on purchases over $149.00 you get the choice between special financing or 5% back as well, no limits on cash back. Cash back will be issued as a statement credit. This offer is only for prime members, current store card members with prime can upgrade their cards to participate in the 5%.
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Joined Oct 2007 I'm frugal, not cheap
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Last Edited by NullPointerException April 18, 2015 at 01:03 PM
If you want to consider it "an annual fee" then at least you should list all of the benefits included in that "annual fee": free 2-day shipping on select products shipped by amazon, free movie/tv streaming of select titles, and a lot more.


Quote :
If you cease to be an Eligible Amazon Prime Member or your Amazon Prime Store Card account is not in good standing, you will not receive the 5% back benefit.
Reviews for this card are here (3.2 out of 5):
http://smile.amazon.com/Synchrony...008A0GNA8/

You can only see the $40 offer if you are already a Prime member and signed into your Amazon account.

The Amazon Store Card gives you 5% back on all purchases (except giftcards) at Amazon.com [ONLY]. And you also have the option to choose special financing schemes for purchases worth $149 or more.

The Synchrony Bank (who issue the card) will do a hard pull on your credit when you apply - a hard pull means your credit score will go down by 5 to 10 points for about 6 months.

Invited guests of a Amazon Prime membership are NOT eligible for the 5% back.

For non-Prime members: If you don't have Prime and still want 5% cash back on your Amazon purchases, apply for a Sallie Mae Mastercard. You get 5% back on Gas, Groceries, and at Bookstores (Amazon purchases are coded as a bookstore). You also get a $25 credit after you're approved and make a purchase within 90 days.


Code:
https://www.amazon.com/iss/credit/storecardmember/ref=storecard_van
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468 Comments

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#3
Any comments on this offer? The $40 GC is tempting and I do shop on amazon a lot.
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#4
Quote from zSorun View Post :
Any comments on this offer? The $40 GC is tempting and I do shop on amazon a lot.
For me it was a no brainer. I PIF on all my credit cards, so I go for the highest percentage cash back/points category cards. You DO NOT want to carry a balance outside of the special financing on this card, the APR is 25.99%. My Chase Amazon is going in the sock drawer forever now as this pretty much destroys the last glimmer of hope it had to remain active. The only other cards that can compete with the 5% back at amazon is the Sallie Mae card (capped at 750) and the Chase Ink/BCP, but both of those involve buying gift cards at other retailers to obtain their 5/6% back.
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#5
Quote from zSorun View Post :
Any comments on this offer? The $40 GC is tempting and I do shop on amazon a lot.
Lol I got the $70 off Smilie. Bought some struts for my car Big Grin.
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#6
What does the "Amazon Prime store card" do? free prime?
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#7
Quote from JackBurton View Post :
For me it was a no brainer. I PIF on all my credit cards, so I go for the highest percentage cash back/points category cards. You DO NOT want to carry a balance outside of the special financing on this card, the APR is 25.99%. My Chase Amazon is going in the sock drawer forever now as this pretty much destroys the last glimmer of hope it had to remain active. The only other cards that can compete with the 5% back at amazon is the Sallie Mae card (capped at 750) and the Chase Ink/BCP, but both of those involve buying gift cards at other retailers to obtain their 5/6% back.
Yup just make sure you pay back before the according time frame Smilie
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#8
Quote from wighty View Post :
What does the "Amazon Prime store card" do? free prime?
It's a trade line of credit. Think of it as a credit card that you only use at Amazon. The "Prime" part of it is the 5% back you get that you wouldn't get if you weren't a prime member.
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#9
Quote from JackBurton View Post :
Searched before I posted so forgive me if this has been mentioned.

Amazon [amazon.com]is currently offering 5% back on all purchases or special financing on purchases over $149.00. This is much akin to the Target Redcard credit card with no annual fee. I personally have the Chase Amazon and this pretty much makes it useless as it's a 3% card at Amazon.com with 2% back at drugstore, gas and restaurants which a card like Double Cash does on everything. Doesn't look like there's a limit on spend as well, on purchases over $149.00 you get the choice between special financing or 5% back as well, no limits on cash back. Cash back will be issued as a statement credit. This offer is only for prime members, current store card members with prime can upgrade their cards to participate in the 5%.
How would I upgrade mines? I just got my card yesterday not knowing about this....not sure if my card is 5% cash back or not...
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#10
"offering 5% back on all purchases or special financing on purchases over $149.00."

Does this mean 5% off on all purchases at Amazon?
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#11
Quote from ingridientiee View Post :
"offering 5% back on all purchases or special financing on purchases over $149.00."

Does this mean 5% off on all purchases at Amazon?
Yes. you can choose special financing on purchases over 149.00 or the 5%, you pick. You just can't get the special financing terms on purchases under 148.99. Click the third thumbnail to see what I'm saying in greater detail.
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#12
Quote from 9486 View Post :
Lol I got the $70 off Smilie. Bought some struts for my car Big Grin.
Oops mine is the Amazon rewards card not the store card haha.
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#13
Quote from 9486 View Post :
Oops mine is the Amazon rewards card not the store card haha.
That's the Chase one, only 3% back on that sucker.
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#14
Meh.... Too bad they didn't have a check card like target where you link it to a checking account instead. It would bypass the credit check
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#15
I have a regular Amazon card. Do they do another credit check for upgrading to the Prime card?
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