Acquiring an Amazon Prime Credit Card can be an attractive prospect for frequent Amazon shoppers due to the associated rewards and benefits. The process of approval for these cards, like the Amazon Prime Rewards Visa Signature Card or the Amazon Prime Store Card, is subject to a credit check and several other factors. This article will guide you through the Amazon Prime credit card approval process.
Step 1: Check Your Credit Score
Before you apply, it’s crucial to check your credit score. Generally, Amazon Prime credit cards require at least a fair to good credit score (670 or above is considered good). Knowing your credit score ahead of time can help you gauge the likelihood of your application’s approval.
Step 2: Apply Online
To apply for an Amazon Prime credit card, visit the Amazon credit card page and click on “Apply Now”. You’ll need to log into your Amazon Prime account. If you aren’t a Prime member, you will need to sign up for a membership first.
Step 3: Complete the Application Form
You’ll need to fill out the application form with information such as your full name, address, date of birth, social security number or ITIN, and total annual income. It’s essential to provide accurate and complete information for a successful application process.
Step 4: Credit Check and Approval
Once you submit your application, a hard credit inquiry will be performed to assess your creditworthiness. This process may temporarily lower your credit score by a few points. The issuing bank, either Chase (for the Amazon Prime Rewards Visa Signature Card) or Synchrony Bank (for the Amazon Prime Store Card), will then review your application. If you meet the credit and income requirements, your application is likely to be approved. This can sometimes happen instantly, or it might take a few days if additional review is needed.
Step 5: Set Up Your New Card
After approval, you’ll receive your card in the mail, typically within 7-10 business days. Once received, you’ll need to activate the card and set it up for use with your Amazon account.
Note: Factors Influencing Approval
Apart from a good credit score, several factors can influence the approval of your Amazon Prime credit card application, including your income, current debt load, payment history, and recent credit inquiries. If your application is denied, the issuer will send you a letter detailing the reasons for the denial. You can then work on addressing these factors and reapply in the future.
Remember, each application for credit can slightly lower your credit score, so it’s best to apply for new credit sparingly and ensure that you meet the card’s basic requirements before you apply.
Please note that all information provided in this article is based on the latest data available as of my last update in September 2021. Always refer to the most current information provided by Amazon and the card issuer for accurate guidance.