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dymk | karma 8044 | avg karma 2.72 · 2019-06-10 18:59:14+00:00

> with an eligible Prime membership

So there is a fee, it's a $119/year prime membership

bluetidepro | karma 5266 | avg karma 5.94 · 2019-06-10 19:01:35

I didn't dig into the FAQ or fine print, but I wonder what happens if you get the card, and then your Prime membership runs out?

EDIT:

> The 5% back benefit may apply to purchases (less returns and other credits) made using the Amazon.com Store Card Credit Builder when signed into an Amazon.com account with an Eligible Amazon Prime Membership, including 1-Click orders and purchases made at physical Amazon locations (in each case, where 5% back is selected as the default option or where Promotional Financing is selected as the default option but is not available for the particular purchase).

It seems like the 5% back is only for Prime membership folks. I think anyone can get the card, with or without Prime, though. So then it doesn't have a yearly fee, technically.

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dymk | karma 8044 | avg karma 2.72 · 2019-06-10 19:02:25+00:00

They almost surely just close the account after some amount of time. Like any other bank if you canceled your accounts with them.

bluetidepro | karma 5266 | avg karma 5.94 · 2019-06-10 19:07:38

See my edit on the comment. It looks like that's only for the 5% back. There isn't a fee technically.

snuxoll | karma 5382 | avg karma 2.41 · 2019-06-10 19:04:50+00:00

It reverts to a standard Amazon.com store card without extra perks.

arcdigital | karma 222 | avg karma 2.92 · 2019-06-10 19:10:14

That wouldn't make sense. The whole point of this is for it to "upgrade" to the standard store card once you've convinced the bank you can be trusted with an unsecured credit line.

george_perez | karma 171 | avg karma 2.51 · 2019-06-10 19:33:56

The standard store card also has this requirement. You only get 5% cash back if you have an active Prime membership.

If you let your membership run out it will only give back 3%. https://www.amazon.com/iss/credit/storecardmember?plattr=PLC...

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dean177 | karma 544 | avg karma 3.78 · 2019-06-10 19:04:09+00:00

There is no fee. Having prime gives you the perk of 5% cash back but you don’t need it to get a card.

kemitche | karma 968 | avg karma 4.19 · 2019-06-10 19:38:09

In the terms, there are 2 separate credit-builder cards. Only one requires Prime. The one that does not require Prime is not eligible for 5% back UNLESS the cardholder also has Prime.

> 4. The Amazon.com Store Card Credit Builder. The Amazon.com Store Card Credit Builder is available to customers with an Amazon.com account, subject to credit approval.

[...]

> 5. The Amazon Prime Store Card Credit Builder. The Amazon Prime Store Card Credit Builder, an upgrade from the Amazon.com Store Card Credit Builder, is available to customers with an Eligible Amazon Prime Membership only, subject to credit approval.

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