Amazon Credit Card Approval Odds (Amazon Store Card & Chase Amazon Card)

By Rebecca Anders

Amazon gives two different consumer credit cards from two different credit card issuers. Your odds of being authorized for an Amazon bank card are completely different relying on which card you might be speaking about in addition to on whether or not you could have wonderful credit score, common credit score, or spotty credit.

Let’s have a look at every card and focus on the cardboard’s approval odds:

Amazon Prime Rewards Visa (or Amazon Rewards Visa) from Chase

This Amazon bank card is issued by Chase and gives you rewards with each buy you make. If you’re an Amazon Prime member, you’ll get 5% again in rewards in your Amazon & Entire Meals purchases, 2% at eating places, fuel stations, and drug shops, after which 1% again on every thing else. When you’re not an Amazon Prime member, the cardboard is usually the identical, besides you’ll solely get a 3% rebate on these Amazon purchases.

That is the extra fascinating and beneficiant of the 2 Amazon bank cards, so there’s a greater normal for approval. Chase and Amazon are going to be on the lookout for clients with good-to-excellent credit score scores, although common scores could also be OK if in case you have an extended credit score historical past and also you’ve dealt with credit score properly within the final Three to four years.

So what does all that imply when it comes to approval?

  • Credit scores above 750: Odds of approval are very excessive
  • Credit scores between 700-749: Odds of approval are 65%-75%
  • Credit scores between 650 and 699: Odds of approval are 35%-40%
  • Credit scores beneath 650: Odds of approval are very low

A query that at all times comes up when individuals have a look at the chances of approval on the Amazon Visa (or some other bank card) is: why do some individuals get rejected with a better rating whereas individuals with a decrease rating get authorized?

The reply is that your total credit score rating shouldn’t be the one issue within the approval determination. Your revenue and/or month-to-month bills could be a issue, the size of your credit score historical past could be a issue, the variety of bank cards you’ve utilized for within the current previous could be a issue, the quantity of debt in your present playing cards could be a issue, and extra. Whereas a few of these components are already a part of your credit score rating, sure card issuers will weigh sure components extra closely than others.

For instance, within the case of the Amazon Visa, Chase is commonly considered a financial institution that’s much less more likely to work with newer bank card clients, so in case your credit score historical past is lower than a yr previous, your rating is perhaps OK however your odds of approval can be decrease than another person with the identical rating however an extended historical past of bank card use.



Amazon Prime Store Card (or Amazon Store Card) issued by Synchrony Financial institution

This bank card’s primary operate is to mean you can finance giant Amazon purchases, normally at a 0% rate of interest. It isn’t a rewards card, although Amazon Prime clients who use it’s going to get 5% off of their Amazon purchases. (Not an Amazon Prime buyer? You’ll pay full worth, sorry.)

The percentages of approval on this card are a lot greater than the chances for the Amazon Rewards Visa from Chase. Synchrony Financial institution is well-known to approve extra clients with decrease credit score scores than the “massive financial institution” card issuers.

So what does all that imply when it comes to approval?

  • Credit scores above 750: Odds of approval are very excessive
  • Credit scores between 700-749: Odds of approval are 80%-90%
  • Credit scores between 650 and 699: Odds of approval are 60%-70%
  • Credit scores beneath 650: Odds of approval are 50-50 close to 650, decrease in case your rating is decrease.