Amazon Credit Card?! A Rant

I have not one, but two Amazon cards. The first one was issued by Chase. I got the second one because it was offering 10% off the next thing I ordered in addition to the default cash back of 5% (on all orders). Sorry, but I'm not one to turn down an offer like that. I imagine every credit card issuer has billions and Amazon is no different. I figure I may as well benefit from their cashback rewards programs.
 

If you shop at Amazon even a few times a year the 3% discount via the card will save you money. 5% if you are a Prime member. The card has no fee. If you don’t shop at Amazon for whatever the reason, there is no point to getting the card.

Simple. What is the problem?
 
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Want to try something really different! Pay off all of your debt and burn your credit cards. Over the long run you will be amazed how much money you have...

Prior to retirement this is a necessity! But it is wealth building any time...
 
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JustBonee said:
I’ve had an Amazon (Visa) Credit Card for years now …get 5% cash back on purchases anywhere I use it.
What’s not to love about that?
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Yeah, it's really just a themed Visa card. Much like those offered by banks themed for a University or a horse racing track, etc. Every card comes with a bundle of perks these days.

I think a lot of anti-Amazon wienering here is really just political bias fed to the hilt by social media parroting of planted propaganda.
 
Timewise 60+ said:
Want to try something really different! Pay off all of your debt and burn your credit cards. Over the long run you will be amazed how much money you have...

Prior to retirement this is a necessity! But it is wealth building any time...
Click to expand...

Not sure why you feel that having a credit card or two translates to being in ‘debt’.
If used for monthly purchases, and paid in full each month, there is -0- debt.
 
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JustBonee said:
Not sure why you feel that having a credit card or two translates to being in ‘debt’.
If used for monthly purchases, and paid in full each month, there is -0- debt.

I learned early on, as an Accountant, that registered records of every monetary transaction is a smert move.
It beats messing with cash on a daily basis.
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Well, I am happy that you "learned"! As an accountant I am sure you must have also 'learned' or at least observed that many people, especially young adults have not 'learned'! They are strapped with debt, primarily on credit cards with very high interest rates (e.g. 18% - 22%). These are the people my comments were for! So please move on...
 
The only real complaint I had with an Amazon Prime card was their reporting to the credit establishments 'SUCK'. I had one many years ago that I cancelled, they report charges within hours of purchase & that was affecting my FICO scores (which I maintain above 800). I have since cancelled my Amazon account & card, then search out the best price for an item. Most times I can beat Amazon's price but need to show a little patience with 'Free' shipping, Those Amazon promises have been revised downward. The $35 limit is now my only guideline.
 
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officerripley said:
So Amazon wants me to sign up for one of their credit cards, huh? An Amazon credit card. For cryin out loud; does Bezos not already own enough of the world?! (Apparently not.)
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The rich will always stay rich and the poor will always stay poor. What about Wally Mart always asking you for a couple of dollars for whatever. The owners of Wally Mart are billionaires. I'm just a pensioner!
 
I'm not an Amazon fan for their take over the world status, much like Walmart. But I do shop at both. For convenience, finding things I can't in my town and prices.

But I have one of my two major credit cards on file with Amazon. And Chewy. Other online purchases go with my Paypal second checking account.

I've never understood store credit cards. I don't know if there is advantage to having them but to me it seems like more hassle, more mail coming in. No thanks. I'm good with two major credit cards. Try to keep things simple. I don't need a mail box full of garbage coming in.

And trying to check out on Amazon is such a 'dodge the sign up for prime' anymore, it's ticking me off. That said, I may be placing an order soon.
 
Packerjohn said:
The rich will always stay rich and the poor will always stay poor. What about Wally Mart always asking you for a couple of dollars for whatever. The owners of Wally Mart are billionaires. I'm just a pensioner!
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Even the thrift stores ask you to donate your change. I always politely say "no thank you." The only place that gets any of my change is PAWS thrift store. They never ask but I hear a lot of people in there saying "keep the change." Funds spay and neuter.
 
Remy said:
I'm not an Amazon fan for their take over the world status, much like Walmart. But I do shop at both. For convenience, finding things I can't in my town and prices.

But I have one of my two major credit cards on file with Amazon. And Chewy. Other online purchases go with my Paypal second checking account.

I've never understood store credit cards. I don't know if there is advantage to having them but to me it seems like more hassle, more mail coming in. No thanks. I'm good with two major credit cards. Try to keep things simple. I don't need a mail box full of garbage coming in.

And trying to check out on Amazon is such a 'dodge the sign up for prime' anymore, it's ticking me off. That said, I may be placing an order soon.
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Store/Retail cards are a way to set your advertising & tracking, which I never use. Also I never leave a card on the sites payment wallet. If hacked, so's your card. I try to remove it once the charge is posted. I freeze & unfreeze my cards quite often.
 
I have an Amazon Prime Visa, and I like it. Not only does it give 5% on Amazon in general, but whenever they are having busy times (like Prime days) they offer 6% and sometimes 7% for no-rush orders. And supposedly it does give a few percent back on some non-Amazon purchases.

To me, Amazon is just a modern day online shopping mall. There is a GNC store on Amazon just like in the mall, ha ha.

I have no idea what the cost comparison is between what sellers have to pay Amazon versus what those sellers have to pay to have a store at a mall.

I've bought some cute little things off Amazon that were from small businesses, I wonder if Amazon has lesser pricing for the little sellers comparable to malls having kiosks?
 
HoneyNut said:
I have an Amazon Prime Visa, and I like it. Not only does it give 5% on Amazon in general, but whenever they are having busy times (like Prime days) they offer 6% and sometimes 7% for no-rush orders. And supposedly it does give a few percent back on some non-Amazon purchases.
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A few years ago I was offered a 10% bonus if I paid my utility bill with my Amazon credit card. I prepaid six months worth of electricity in my all electric home. My mistake was not prepaying an entire year.
 
It's the banks that make the agreements with retailers/sponsors to use their name and affiliate with whatever special perks the retailer/et.al. wants to offer.

It's the banks that will determine whether you're credit-worthy.

Yes, they pay Amazon for the use of their name. But ANY credit card is profitable business: The money banks make from issuing credit cards comes from both cardholders and merchants. Profit from cardholders comes mostly from interest fees. However, banks can also profit from annual fees, transaction fees, and penalty fees.

There is no reason for Amazon not to license their name, than it is for Macy's, Chevron, Best Buy, etc. etc. etc.
 

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