Amazon Prime Store Card
Synchrony Bank offers two type of cards, Amazon prime store card and TJX rewards credit cards. Explore the benefits offered by these cards.
Card Summary
The Amazon Prime Store Card is useful for for frequent online shoppers.
Purchases can only be made with Amazon.
The card allows shoppers to get 5% cashback on all their purchases.
It also comes with no-interest financing for large purchases. Terms and Conditions apply.
It does not charge an annual fee.
Card Summary - Cons
The rewards can be used for purchases made on Amazon.
High APR: 25.99% (Variable).
Rates and fees
Highlights
Comparative Analysis with Other Cards
Amazon Prime Store Card vs. My Best Buy Visa Card
Annual fee: There is no annual fee for either card. However, Amazon Prime Store cardholders must maintain an active account of $119 per year to be eligible.
Rewards: The Amazon Prime Store Card gives holders a 5% cashback on all purchases made on Amazon. With the Best Buy Visa Card, holders earn 5% on all Best Buy Purchases. You get 3% off your gas bill with the card. The card offers 3% back on gas, with 2% for dining and grocery. Other eligible purchases are given 1%.
Sign-up bonus: The Amazon Prime Store Card provides a $60 credit to all new members. No welcome offer for the My Best Buy Visa Card.
Benefits: The Amazon Prime Store Card provides special financing options for larger purchases( differs on the purchase price). My Best Buy Visa Card holders do not receive any offer or card benefits.
Conclusion
Do you need the Amazon Prime Store Card?
If you are:
You are a frequent shopper on Amazon.
You do not make late or missed payments. Or you will be charged full APR.
Note: Credit Card summary is for informational purposes only and is not an endorsement of the product. Products and services described are offered by third parties and not Bright Money or its partner banks. Bright Money strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider, or specific product’s site and the information has not been reviewed or provided by the issuer of the product before publication.
