The 6 Best Credit Cards to Maximize Amazon Purchases (2023)

FAQs

Which credit card is best for Amazon online shopping? ›

Other than the cards offering reward points, there are cashback cards of YES Bank, on which you get a cashback of 3% on your spends on Amazon and Flipkart. Due to the 10X Rewards offer, the YES Bank credit cards have become one of the best credit cards for shopping at Amazon & Flipkart.

Typically, you can qualify for Synchrony's Amazon store cards with a fair credit score (580 to 669). On the other hand, you'll likely need at least a good credit score (670 to 739) to qualify for one of the Amazon Visa cards from Chase.

To get approved for this card, you'll need to have a good credit score of at least 670, though having a higher one certainly won't hurt your chances.

An 850 credit score is considered the highest score according to the most common FICO and VantageScore credit models. There are several factors that go into determining a credit score, such as payment history, amounts owed, length of credit history, credit inquiries and credit mix.

(a) Shop on Amazon.in using your HDFC Bank Debit Card or Credit Card to avail 10% Instant Discount with HDFC Bank Debit Card or Credit Card up to a maximum of Rs. 1,500.

Amazon Pay accepts credit and debit cards. Credit cards currently accepted include Visa, Mastercard, Discover, American Express, Diners Club, and JCB. The Amazon.com store card is available for use with selected merchants. In some circumstances, you might be limited to using Visa and Mastercard credit cards.

As a result, a 480 credit score will make it difficult to qualify for a loan or unsecured credit card, and you will need to focus on rebuilding your credit before trying to get a mortgage, car loan, etc.

Qualify with even “fair” credit

You only need “fair” credit to qualify for the Target RedCard, which means it's possible to get approved with a credit score of just 620.

Can I get Capital One Platinum card with 630 credit score? ›

A: The Capital One Platinum Credit Card is deshigned for fair credit, so you may need a FICO credit score of at least 580 to qualify. But it's possible you'll be approved with a lower score.

For those with 800-plus scores, their average credit card limits are $69,346. That's up from the $58,514 average we found in May 2021.

Michael Battle, WalletHub Credit Card Analyst

The American Express credit score requirement is of at least 700, depending on the card. That means people with good to excellent credit are eligible to get approved for an American Express credit card.

“In the 700 club, your credit limit will likely be close to the average credit limit for a newly issued card, about $5,000,” says Ted Rossman, senior industry analyst at Bankrate. “That limit can vary based on income and other debt.”

Secured credit cards will likely be the easiest cards to get for those with either poor credit or no credit. That's because they require collateral upfront in the form of a security deposit, which is typically equal to the amount of your credit line and reduces the risk to the card issuer if you fail to pay your bill.

American Express currently has the lowest acceptance rates internationally. We recommend Amex cardholders carry a backup Visa or Mastercard, especially when travelling outside the United States.

FICO® score ranges vary — they can range from 300 to 850 or 250 to 900, depending on the scoring model — but higher scores can indicate that you may be less risky to lenders.

Experts say that this credit score will likely get you all the same benefits — and the best deals. Only about 1.6% of the 232 million U.S. consumers with a credit score have a perfect 850, according to FICO's most recent statistics. But it might not matter as much as you may think.

Depending on the type of scoring model, a 900 credit score is possible. While the most common FICO and VantageScore models only go up to 850, the FICO Auto Score and FICO Bankcard Score models range from 250 to 900.

What should you not buy when you have a credit card? ›

Household Bills/household Items

Going over your credit card limit or missing payments can put you into financial difficulties and cause extra interest charges or late fees. Paying household items on credit cards such as groceries, personal care items or cleaning supplies is also not the best idea.

Most users feel that debit card is not only more convenient, but less stressful as it lets you spend within your financial abilities without accumulating and debt or interest in future. It relieves you from a lot of stress, from getting into a debt cycle and overspending.

This "Offer" is provided to you by ICICI Bank Limited ("Bank") and Amazon Pay (India) Private Limited (formerly known as Amazon Online Distribution Services Private Limited) ("Amazon") and made available on the website www.amazon.in and the mobile site and mobile application thereof (collectively, "Amazon.in").

The change is happening much earlier than expected.

In April, Amazon announced that its Platinum and Classic credit cards would be closed down in January 2023. But we now know that this will happen in November – two months earlier than expected.

It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.

Amazon had announced in November last year that it would no longer accept Visa credit cards as payment from 19 January 2022 and blamed the move on Visa's card fees.

The Amazon Prime Rewards Visa Signature Card offers card members 5% back on purchases made at Amazon.com and Whole Foods Market. 5% back on purchases made at Amazon.com and Whole Foods Market is exclusively for customers with an eligible Prime membership.

Four major credit card networks dominate the market in the U.S.: American Express, Discover, Mastercard and Visa.

What are the top 10 hardest credit cards to get? ›

Rewards: Chase Sapphire Reserve®Chase Sapphire Reserve® Learn Moreon issuer's website. Business: Wells Fargo Business Elite Signature CardWells Fargo Business Elite Signature Card Learn More. Luxury Travel: U.S. Bank Altitude Reserve Visa Infinite® CardU.S. Bank Altitude Reserve Visa Infinite® Card Learn More.

A major credit card is one on a major card network, of which there are four: Visa, Mastercard, American Express and Discover.

A platinum credit card is usually a bank's most expensive or the top-tier card, second only to a titanium, black or diamond card if offered by the bank. It is often in the form of a rewards credit card.

A 440 FICO^® Score is significantly below the average credit score. Many lenders view consumers with scores in the Very Poor range as having unfavorable credit, and may reject their credit applications. Applicants with scores in this range may be required to pay extra fees or to put down deposits on credit cards.

Secured credit cards are by far the easiest type of credit card to obtain, particularly if you have a poor or limited credit history.