John Miller, Credit Cards Moderator
@john_miller
Yes, you can get both the Amazon Credit Card and the Amazon Store Card, as they are issued by different banks and have different eligibility criteria. However, before applying for a second Amazon credit card, there are a few things you should consider.
What to Know Before Getting Both Amazon Credit Cards
Requirements
To apply for the Amazon Store Card, you need to have an Amazon.com account and at least fair credit. To apply for the Amazon Credit Card you also need to have an Amazon.com account. However, this card is available only to people with at least good credit.
Acceptance and Rewards
The Amazon Store Card can only be used for purchases at Amazon and their affiliates. The Amazon Credit Card can be used anywhere that accepts Visa cards. Both cards offer 5% back in rewards on Amazon purchases (for Prime members), but the Amazon Credit Card also offers 1 point / $1 spent on everything else.
Credit Score and Financial Impact
Having two Amazon credit cards can have both positive and negative impacts on your credit score and finances. On one hand, having more available credit can lower your credit utilization ratio, which is the percentage of your available credit that you are using. A lower credit utilization ratio can improve your credit score by showing that you are not overusing your credit.
On the other hand, having two Amazon credit cards can increase the risk of overspending, missing payments, or accumulating interest charges. These factors can lower your credit score and hurt your financial health. You should also consider the fact that applying for either of these cards will trigger a hard pull on your credit.
Therefore, before you decide to get both the Amazon Store Card and the Amazon Credit Card, you should consider your spending habits, budget, payment history, and financial goals. You should also compare the features and benefits of both cards and see which one suits your needs better.
