Amazon Prime Store Card

Where you can talk about store credit cards, like gas station cards, department store cards, etc.
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frinkinhard
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Amazon Prime Store Card

Postby frinkinhard » Fri Mar 20, 2015 12:34 pm

Has anyone done any research on the newly announced prime store card from amazon, and if it will have any affects on current card holders?
Amazon Store - $6,000 (1/14)
Discover it Student - $2,000 (2/15)
AMEX Everyday - $4,100 (3/15)
Citi DC - $1,500 (7/15)
Best Buy Visa - $1,000 (9/15)
Carson's Store Card - $250 (7/16)
Macy's Store Card - $600 (11/16)


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CarefulBuilder14
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Postby CarefulBuilder14 » Fri Mar 20, 2015 1:06 pm

I've looked at it. You can't combine the special financing with the 5% statement credit on any transaction. You only get one of the two, and not all transactions give you a choice. Some transactions only give 5% cash back.

$750 a month (the Sallie Mae 5% cap) suits my Amazon needs easily, so I can do without the Synchrony cards (and the Chase Amazon card). I'm not really a fan of Synchrony, anyway, based on my Brooks Bros experience.

I think any Amazon Prime customer who has the old store card has gotten, or will soon get, the upgraded card.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

RubenMtzJr
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Postby RubenMtzJr » Sat Mar 21, 2015 1:27 am

frinkinhard wrote:Has anyone done any research on the newly announced prime store card from amazon, and if it will have any affects on current card holders?


I just get approved for this Amazon Prime Store Credit Card
Elan Financial/ IBC Bank- $800 (6/14)
Bank of America- $2,100 (8/14)
American Express Blue Cash Everyday- $5,000 (1/15)
Discover IT- $500 (3/15)
Amazon Store Card- $2,000 (3/15)
Rooms To Go- $2,000 (3/15)
Lowe's- $1500 (3/15)

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CarefulBuilder14
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Postby CarefulBuilder14 » Sat Mar 21, 2015 1:32 am

RubenMtzJr wrote:I just get approved for this Amazon Prime Store Credit Card


Do you find the 5% statement credit or the special financing more appealing?
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

popamode72
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Postby popamode72 » Sat Mar 21, 2015 7:38 am

This card has made my Amazon Visa even more obsolete and since I really don't like Barclays that much, I think Prime Store card is great for me given how I'm already a Prime customer. Also a $6k limit BTW so it's already a prybar.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

dickey1331
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Postby dickey1331 » Sun Mar 22, 2015 4:37 am

I applied and got approved for $2,200. Kinda low but it's just for Amazon purchases so it doesnt really matter. I shop a lot at Amazon so it will come in handy.

I also got a $40 Amazon gift card as a bonus for applying and getting approved.
American Express Blue Cash Preferred $16,000
Platinum Delta Skymiles $12,900
Marriott Rewards Premier $12,000
Discover IT $12,000
USAA Cash Rewards $11,000
Chase Sapphire Preferred $6,500
Chase Freedom $4,500

flan
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Postby flan » Sun Mar 22, 2015 8:44 am

frinkinhard wrote:Has anyone done any research on the newly announced prime store card from amazon, and if it will have any affects on current card holders?


Research, like reading the webpage about it?

TBFKAGECRB wrote:Amazon Prime Store Card. On and after 3/1/15, at the time you become both (i) a cardholder of an Amazon.com Store Card and (ii) an Eligible Amazon Prime Member as provided below, you will automatically be upgraded to an Amazon Prime Store Card. Before 3/1/15, if you are both (i) a cardholder of an Amazon.com Store Card and (ii) an Eligible Amazon Prime Member, you will need to visit http://www.amazon.com/storecard and click an ‘Upgrade Now’ button to upgrade to the Amazon Prime Store Card. Eligible Amazon Prime Members may include, in Amazon’s sole discretion: Amazon Prime (excluding invited guests of an Amazon Prime account), Amazon Prime Fresh, Amazon Mom, Amazon Student and trial memberships of Amazon Prime. The Amazon Prime Store Card will be governed by the same Synchrony Bank terms and privacy policy as the Amazon.com Store Card in addition to the 5% back benefit terms described below. If you are an invited guest of an Amazon Prime account, you will need to become an Eligible Amazon Prime Member to upgrade to the Amazon Prime Store Card. You may remain a cardholder of an Amazon Prime Store Card with the 5% back benefit so long as you are an Eligible Amazon Prime Member. Your Amazon Prime Store Card will be changed back to an Amazon.com Store Card if you cease to be an Eligible Amazon Prime Member.

popamode72
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Postby popamode72 » Sun Mar 22, 2015 11:48 am

dickey1331 wrote:I applied and got approved for $2,200. Kinda low but it's just for Amazon purchases so it doesnt really matter. I shop a lot at Amazon so it will come in handy.

I also got a $40 Amazon gift card as a bonus for applying and getting approved.


Dont worry. Its really easy to get good increases on the card after a few statements. mine started out at a 600 dollar limit last year and it is 6k now. Its one of my fastest growing sync cards and i usually run 100 or so a month on it.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

JonE
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Postby JonE » Wed Apr 01, 2015 9:36 am

I'm a prime customer, but Synchrony is pretty much on my $h!% list for the foreseeable future. I'd rather do it with something like a Sallie Mae or whenever the 5% category comes through on Freedom (4th Qtr 2015 as I recall).
Wallet: Chase Freedom, Discover IT
Chopping Block: Synchrony
Future: TBD

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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Apr 01, 2015 10:53 am

With cards like this, it looks like a person can have special promotional financing on multiple purchases with an overlapping time frame.

Am I right in thinking that it would be easy to pay the wrong amount one month? Do statements clearly show the minimum payment necessary to avoid interest on all your purchases?

Say you have made five purchases that you're paying off simultaneously, and each has a minimum monthly payment of $100. One month you pay only $400. Do you have to pay retroactive interest on only one of the purchases, or all five?

I'm still very happy use use my SM.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card



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