Review: Amazon Store Card

By Adam Jusko,,

The Amazon Store Card is a credit card intended for large purchases on It offers special 0% financing on these purchases. If you are an Amazon Prime customer, you will get the Amazon Prime Store Card, which offers a 5% rebate on all of your purchases. The Amazon Store Cards are issued by Synchrony Bank.

In terms of financing on those big purchases, here are the specifics:

  • Pay no interest for 6 months on purchases of $149 or more.
  • Pay no interest for 12 months on purchases of $599 or more.
  • Pay no interest for 24 months on certain larger items (mostly high-end HDTVs and home video projectors).

This 0% financing does come with potential strings attached, however. For most 0% financing options, you’ll see this sentence in the fine print:

“Interest will be charged to your Store Card or Amazon Prime Store Card account from the purchase date if the promotional balance is not paid in full within 6, 12 or 24 months respectively. “

What does that mean? It means that if you fail to pay off even one penny of the purchases within the 6-month, 12-month, or 24-month period, the 0% offer will go *poof* and you’ll suddenly be charged all of the interest that would’ve been charged from the very date you made the purchases — as if the no-interest offer never happened at all. And the interest rate you’d pay is the everyday rate of 27.49%, a very high rate, even for a retail credit card.

Other notes:

  • You may get instant approval when you apply for the Amazon Store Card. Specifically, the promotional materials promise an “Instant credit decision in as little as 15 seconds.”
  • New cardholders will get a $10 Amazon gift card credited to your account upon approval for the card.
  • It is important to note that the Amazon Store Card is different than the Amazon Rewards Visa that is issued by Chase. The Chase Amazon card offers a different points/cash back formula and no special financing. It also has a lower interest rate.

The Verdict:

This credit card is only OK, thus the 2.5 stars you see at the top of this review. While it is good to get 0% financing on your larger purchases, the fact that you could get smacked with a mountain of interest if you make the tiniest mistake is not so good. We do not like these type of “deferred interest” offers.

Also, beyond using the card for its 0% financing, there is little reason to use it beyond that point, especially if you’re not an Amazon Prime member, because it has no rewards and a high interest rate. Even if you are an Amazon Prime member, you’d be better off getting the Amazon Prime Rewards Visa instead, because it gives you the same 5% rebate on purchases, plus cash back on any other purchases you make.

Bottom line: There’s little reason to get the Amazon Store Card unless you have a big purchase you want to finance at a 0% rate. Even then, be careful of the fine print in this card’s contract.