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With no annual fee and a straightforward rewards structure, the Amazon Secured Card is an excellent choice for building credit while earning rewards on everyday purchases.
Disclaimer: You will be redirected to the official website.
Benefits of the Amazon Secured Card
- Welcome Offer: Earn 2% cashback on Amazon.com purchases, grocery stores, and restaurants during the first 6 months, up to $1,000 in purchases.
- Amazon Rewards: Get 2% cashback on Amazon.com purchases and 1% cashback on all other purchases.
- No Annual Fee: Enjoy the benefits of this card without any yearly costs.
- Credit Building: Designed to help you build or rebuild your credit history with responsible use.
- Flexible Redemption: Redeem rewards directly at Amazon.com checkout or as statement credits for added convenience.
- Security Deposit: A refundable security deposit is required, which determines your credit limit.
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Pros
- No annual fee, making it a cost-effective option for credit building.
- Earn cashback on Amazon.com purchases and everyday spending.
- Easy redemption process for rewards directly on Amazon.com.
- Helps build or rebuild credit with responsible use.
- Refundable security deposit provides a clear path to improving your credit score.
Cons
- Requires a security deposit, which may limit accessibility for some users.
- Lower cashback rates compared to unsecured rewards cards.
- Limited rewards outside of Amazon.com purchases.
- No travel-related perks or insurance benefits.
about the card
The Amazon Secured Card is designed for individuals looking to build or rebuild their credit while earning rewards on everyday purchases. With no annual fee and a straightforward cashback structure, this card is ideal for frequent Amazon shoppers who want to maximize their savings while improving their credit profile.
Cardholders earn 2% cashback on Amazon.com purchases and 1% cashback on all other purchases, making it a practical choice for those who shop regularly on Amazon. The card also offers a clear path to credit improvement, as responsible use is reported to the major credit bureaus.
While the card requires a refundable security deposit, it provides a safe and accessible way to establish credit. For those who prioritize simplicity and convenience, the Amazon Secured Card is a solid option.
How to Apply for the amazon rewards mastercard
Applying for this card is simple and straightforward.
- Visit the Official Website: Navigate to the Amazon Secured Card page on the issuer’s website.
- Review Card Details: Ensure the card aligns with your financial goals and spending habits.
- Complete the Application: Fill in your personal and financial information accurately.
- Submit the Security Deposit: Provide the required refundable deposit to determine your credit limit.
- Await a Decision: Most applicants receive an instant decision, but some applications may require further review.
Disclaimer: You will be redirected to the official website.
additional perks for prime members
Amazon Prime members enjoy enhanced cashback rewards, making this card even more valuable. Prime members earn 2.5% cashback on Amazon.ca, Whole Foods Market purchases, and eligible foreign currency transactions, significantly increasing their savings on frequent purchases.
Benefits Breakdown
Benefits Breakdown
| Benefit | Description |
|---|---|
| Welcome Offer | 2% cashback on Amazon.com, grocery stores, and restaurants (first 6 months). |
| Amazon Rewards | 2% cashback on Amazon.com purchases; 1% cashback on all other purchases. |
| No Annual Fee | Enjoy all card benefits without any yearly cost. |
| Credit Building | Reports to major credit bureaus to help build or rebuild credit. |
| Security Deposit | Refundable deposit determines your credit limit. |
| Flexible Redemption | Redeem rewards directly at Amazon.com checkout or as statement credits. |
How to Improve Your Credit Score to Get Approved for amazon rewards mastercard CARd
To boost your approval odds and secure a higher credit limit, follow these tips:
- Pay Bills On Time: Timely payments are key to building a strong payment history, which accounts for 35% of your credit score.
- Monitor Credit Utilization: Keep your utilization rate below 30% of your available credit limit.
- Limit New Credit Applications: Too many applications can lower your score due to multiple hard inquiries.
- Review Credit Reports Regularly: Check for inaccuracies and dispute errors to maintain an accurate credit profile.
- Maintain Long-Standing Accounts: Older accounts positively contribute to your credit history length.
By following these steps, you’ll improve your credit profile and increase your chances of approval for the Amazon.ca Rewards Mastercard.
FINAL CONSIDERATIONS
The Amazon Secured Card is a practical choice for individuals looking to build or rebuild their credit while earning rewards on everyday purchases. With no annual fee and a straightforward cashback structure, this card is particularly beneficial for frequent Amazon shoppers.
While the card requires a security deposit, it provides a clear path to credit improvement and offers valuable rewards for Amazon.com purchases. However, its limited rewards outside of Amazon.com and lack of premium perks may not appeal to users seeking more comprehensive benefits.
Overall, the Amazon Secured Card is best suited for budget-conscious users who prioritize credit building and simplicity in their rewards program.
Frequently asked questions
What is the annual fee for the Amazon Secured Card?
There is no annual fee for this card.
Do I need a security deposit to apply?
Yes, a refundable security deposit is required, which determines your credit limit.
What is the welcome offer?
New cardholders earn 2% cashback on Amazon.com, grocery stores, and restaurants for the first 6 months (up to $1,000 in purchases).
Can I use the card for international purchases?
Yes, but standard foreign transaction fees may apply.
How do I redeem my rewards?
Rewards can be redeemed directly at Amazon.com checkout or as statement credits.
Does the card help build credit?
Yes, responsible use is reported to the major credit bureaus, helping you build or rebuild your credit history.
What happens to my security deposit?
Your deposit is refundable and will be returned when you close the account in good standing or upgrade to an unsecured card.