Further, if you love to shop online, consider this card as an advantage. It makes quick payments easy with its unique features. To know more about this card, refer to the below article.
Then you came to the right place as we will introduce you to its perks. So, you can read our article on the topic “What is an amazon prime store card?” to learn about its uses, benefits, and worth.
However, if you are not a prime member, the card will be upgraded when you become one. You will be charged an interest rate on missing payment periods. The penalty fee after late payments will be $40.
The process to apply for an amazon prime store card-
Further, these cards allow customers to save cashback, offers, and vouchers for every small to a big purchase. And, who does not enjoy a good cashback when you can get a chance of a 2-5% return on purchased products.
And, you can get it by applying for the card. The process is simple, and you have to follow the below steps to qualify.
Who can apply for an amazon prime store card?
So, they need you to have an account opened at amazon to complete the process. Further, this card is created for prime members and rewards will be activated only when you have a Prime account.
For non-prime members, they will receive a standard card with no rewards or cashback offers. Although, you can use it to purchase at any amazon affiliate store or payment place.
But you will not get any benefit from using it at any place in the company. Further, if you buy a prime membership your card will automatically be upgraded to a prime store card and benefits will be activated.
Where can I use my prime store card?
If you are wondering how I will use it then look no further. The card will only work at amazon affiliated places, the payment section, and amazon’s official website. So, when you purchase a product, use this card for payment at amazon.
You can select amazon payment methods at other market places by using an amazon prime store card. It will give you rewards and cashback that will be stored in your account. Moreover, there is no annual fee or maintenance fee for this card.
Although, you have to pay an interest rate of 22% including the rate of products at prime. But this rate will only be charged when you have missed a payment period. You can use this card to pay later and purchase products at any time from amazon.
The payment period will include 6, 12, and 24 months of equal payment options that you can choose according to your products. Moreover, you also have the option of special financing that can be availed on orders above $150 and can be paid in a quarterly period or year based on orders.
It really depends on how you use it and make payments in time. When you will miss payment an interest rate of 26% is applied including the prime rate. So, I would suggest buying limited items only when you can pay for them.
Because purchasing a lot of items isn’t worth it and money can be wasted easily. Equal payment options can become cruel when you have loads of cash to be paid for. So, use smartly and save money on every purchase when you complete the payment period.
Conclusion:
The prime store card can be helpful to buy products in emergency times. For example, if people have to shift from one place to another, they might need furniture, storage, lights, etc that can be purchased with this card.
Because you might not have the money to pay at that time. If a student needs to buy books, groceries, or important things you can purchase them and pay later when you have the money. It can be used to purchase important materials without any cost that we depend on.
But the problem is with its interest rate as it is a whopping 26% high if you are unable to pay within the installment period. Therefore, consider it before making any big purchases. Next, the card can only be used at amazon stores and no other places which limits its capacities.
I will consider it to be used with caution there is however a 5%-10% returns on purchases. This can seem rewarding and save money in your pocket when buying higher-priced goods. You can also look at alternatives like Lowe’s advantage card, amazon visa signature card, etc that have lower interest rates. I hope this article has helped you to see the aspects of the amazon prime store card.
store cards?
- How will I get rewards and cashback on
Ans- To receive rewards, you have to purchase products during the late payment period and pay the sum at each installment period to receive cashback and certain rewards. You can directly purchase and also earn but it will be lower.
store cards if I think it’s wrong?
Ans- You will have three business days before to complain and cancel any automatic payment. Further, they will receive your letter within 30 days and in 90 days they will correct any errors.
