Amazon. com Amazon. com Corporate Credit Line (Pay-in-Full) Credit Card Offers
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Http://www. businesscreditblogger. com/. What is the Amazon Corporate Credit Line? Learn how to obtain a pay-in-full credit line or a revolving credit line at Amazon. com and how to qualify.
Did you know Amazon has hundreds of millions of products in all type of categories from industrial to janitorial, construction to office supplies? It is the largest Internet-based retailer in the United States. Whether it’s a 3D printer or snacks for your employee break-room, you won’t find it difficult to find what you need and at a decent price.
Getting a credit line with Amazon will also enable your business to build its business credit. While the pay-in-full credit line is on net 55 billing terms the revolving credit line allows you to carry a balance. Keep in mind that the APR for the revolving credit line is 12.99%.
In order to improve your chances for getting approved there are several factors that you should consider. First, businesses that are two years or older are in a much better position to get an approval. Secondly, supplying a personal guaranty is another plus but not mandatory if your company is older than 3 years in operation. Finally, having an established business credit history and rating is another plus.
For more details on how to qualify for the Amazon Corporate Credit Line check out the following sites for details.
How the Amazon. com Credit Card Works
Amazon (AMZN) is the place that has everything – and at cheap prices. Order it today; have it as soon as tomorrow. That kind of service has made loyalists out of many of its customers. No wonder the company brought in more than $135.99 billion in 2016. You might be one of those loyalists, but should you sign up for the Amazon Rewards Visa card?
This credit card is offered by Amazon, but Chase Bank USA, N. A., a subsidiary of JPMorgan Chase & Co., is the bank that backs it. Chase, like all large banks has its lovers and haters, but large banks come with advantages – easy-to-reach customer service reps and plenty of branches are just two. With $2.6 trillion in assets, more than 5,100 branches, more than 16,000 ATMs and over 240,000 employees in more than 60 countries, you don’t have to worry about dealing with a fly-by-night operation.
If you do a lot of shopping at Amazon and you’re in the market for a rewards card, this card has some attractive perks.
You earn a 3% rebate for all Amazon. com purchases; 2% at gas stations, restaurants and drugstores; and 1% on all other purchases. Your rewards come in the form of points. You'll get one point for each penny you earn in rebates. Here’s how it works:
Let’s say you bought an item on Amazon for $20. You would earn a 3% rebate (60 cents), which would become 60 points. Each 100 points is worth $1. Your points are available as soon as they are processed as a discount at checkout.
When you are approved for the card, Amazon will give you a $50 gift card. There is no annual fee, no foreign transaction fees, no earning cap and your points never expire.
The Fine Print
The annual percentage rate depends on your credit history. There’s no introductory APR. Expect a rate between 15.49% and 23.49%, but it will vary based on the prime rate.
Balance transfers have the same APR as purchases (see The Pros And Cons Of Balance Transfers) instead of the higher one many cards impose.
Cash advances will have an interest rate of 26.24%.
You have 21 days after the end of the billing cycle to pay the balance in full to avoid any interest charges. The late payment fee is between $15 and $37 depending on your balance. You might find yourself paying the penalty APR of up to 29.99% for any late payment, spending over your limit or other violations of the card agreement.
Customers will pay $5 or 5% of the amount of a balance transfer, whichever is greater. Cash advances cost $10 or 5%, whichever is greater.
The Bottom Line
Although the card is best for people who frequently shop at Amazon, the rewards structure might make it useful even for people who only shop at Amazon infrequently. The APR is still higher than most non-retail cards, but in the retail space, this card's terms are attractive.
Remember that rewards are most valuable to people who don’t carry a balance. You can easily pay more in interest charges than the rewards are worth. Second, don’t make purchases solely to earn rewards. Saving your money and investing it will always win out over spending for rewards.
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Amazon Credit Card
Amazon has become a major online retailer in the past several years and to supplement their online sales, the company is now offering three different credit card options. The Amazon. com store credit card can only be used for Amazon purchases.
The Amazon. com Rewards Visa card, comes with the Visa logo and can be used anywhere the Visa logo is displayed. The Amazon. com corporate credit line is for businesses looking for a business line of credit and the ability to pay for purchases with purchase orders.
Amazon. com Store Card
The Amazon. com store card is easy to qualify for and offers mostly financing offers for customers. There is no annual fee on the card and customers can obtain 6, 12 or 24 month special financing on purchases. The 6 month financing is for purchases that are $149 or more. The 12 month financing is available when purchases are $599 or over. The 24 month financing are offered for certain special purchases.
These interest free offers are available to all cardholders. Minimum payments must be made during the promotional period. If the balance is not paid off in full before the end of the promotional period then interest will accrue from the date of purchase and the card holder will lose the benefit of the zero percent interest.
Items that are sold by third parties, rather than directly through Amazon, do not qualify for the promotional interest rates. All purchases made through Amazon can be bought with the store credit card. At checkout you will be able to determine if the purchase qualifies for promotional financing. The credit card offers zero liability in the event of fraud on the account. Accounts are serviced by Synchrony Bank and provide complete online account management. Customer service reviews are on the low side for the banks’ ability to service customer accounts. They are very fee driven charging fees for many services customers take for granted, like phone payments.
For purchases that are not promotional, the interest rate is 25.99%. This is a variable rate of interest that will fluctuate in relation to prime. Late fees of up to $35 will be charged on any payments that are even 1 day late. There is no grace period. Minimum interest charged is $1.50 per billing cycle.
Amazon Rewards Visa Card
This card has a Visa logo and can be used like a traditional credit card. Once approved the card offers a $30 Amazon gift card as a sign up bonus. Card holders will earn 1% back on all purchases. A bonus of 2% is offered for purchases for gas, pharmacies or drug stores and restaurants. A 3% bonus is offered for all purchased made on Amazon. com. There is no annual fee for this card.
Points may be redeemed when making purchases through Amazon. com. The point’s conversion is 100 points translates to $1.00 in savings. There is no minimum needed in order to redeem points. Points may also be redeemed for gift cards, to receive cash back or for travel rewards. The earned points will never expire and cardholders can earn any number of points per year with no cap.
The Amazon. com Rewards Visa is operated through Chase bank. They offer online account management and an easy way to see account balances, pay bills and manage points. The card has an interest rate of 14.24% to 22.24% for purchases and balance transfers, depending on the credit worthiness of the cardholder. The cash advance rate and overdraft rate is 19.24% to 23.24%. The penalty rate is 29.99% and becomes permanent once it is enacted. These rates are all variable rates that are charged a margin from the prime rate.
Balance transfer fees will either be $5 or 3% of the dollar amount transferred. The cash advance fee is $10 or 5% of the dollar amount transferred. For purchases made outside the US there is a 3% foreign transaction fee charge. Late fees, return payments and return checks all have fees of up to $35. Applications can be completed online and an instant decision is provided.
Amazon. com Corporate Credit Line
The corporate credit line provides businesses with the ability to order products through Amazon with a purchase order. Companies can receive detailed invoices and payments can be made online. There is no annual fee with this card providing a convenient option for businesses that do a lot of online purchasing. Multiple approved buyers can make purchases on the Amazon account. Access online to detailed order history, statements and reports.
There are two options available for businesses. The Paid in Full Credit Line provides billing terms that are due in 55 days. When the account is paid in full no interest is charged. The second option is a Revolving Line of Credit through Amazon. This option provides the ability to make monthly payments and accrues 12.99% interest on any revolving balances. For this account the business owner needs to sign as a personal guarantor for the account.
Conclusion
Amazon has three different payment options that will meet the needs of its wide customer base. There is no annual fee on any of the accounts, and cardholders can choose which card will best meet your needs.
Amazon. com: Amazon. com Corporate Credit Line (Pay-in-Full): Credit Card Offers
Amazon offers credit solutions for consumers, businesses and public service organizations. Cardholders are granted the opportunity to take advantage of perks while shopping on Amazon. com without ever being assessed an annual fee.
Amazon. com Store Card
This card is issued by GE Capital Retail Bank and can only be used on Amazon. com. However, it is quite beneficial for those who frequently shop on the website because of the following financing offers:
- 0% APR for six months on purchases of $149 or more 0% APR for 12 months on purchases of $599 or more 0% APR for 24 months on select items
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Account activity can also be managed online and the account holder is never held liable for fraud.
Although the standard APR of 25.99% is a bit excessive, many reviewers from Credit Karma were satisfied with the card because of the remarkable financing options and easy approval process, even for those individuals with less-than perfect credit.
However, others were not impressed with the mediocre level of customer service they received when issues arose regarding delayed payments and billing discrepancies.
Apply for the Amazon. com Store Card by filling out an application on the Amazon website.
Amazon. com Rewards Visa
Frequent patrons of Amazon can also take advantage of the perks offered by this credit card, which is issued by Chase. The rewards system is as follows:
- 3 points for every $1 spent on Amazon 2 points for every $1 spent at restaurants, drugstores and gas stations 1 point for every $1 spent on all other purchases
The points never expire and there is no maximum earnings threshold. Points are redeemable for Amazon credits, cash back, travel and gift cards.
Reviewers from Viewpoints noted the exceptional service received from Chase along with the benefit of earning points that are simple to cash in.
On the contrary, Michael Dolen from Credit Card Forum stated in a recent review that more favorable rewards systems existed elsewhere. In addition, the introductory offer of $30 is not impressive when compared to similar cards available.
Apply for an Amazon Rewards Visa by applying on the Amazon website.
Amazon. com Corporate Line
Corporate credit lines are offered to various types of organizations, including: businesses, libraries and educational institutions. They are issued by GE Capital Retail Bank and possess many benefits, such as:
- Payment remittance by purchase order Detailed management reporting The ability to add several buyers to one account Online account management
Account Options
The pay-in-full and revolving corporate lines are offered to organizations.
- Pay-In-Full corporate lines are designed for schools, government entities and libraries, and payment is due in full at the end of each month. Revolving corporate lines are only available to small and medium-sized businesses. Payment can be remitted over time, as long as the minimum amount is paid each month.
Restrictions
It is important to note that the corporate line of credit cannot be used to purchase the following:
- Cell phones and accessories E-documents Games and Software downloads Online newspapers and magazines Prime memberships
Apply for a corporate line of credit by applying on the Amazon website.
Compare Your Options
| Amazon. com Store Card | Amazon. com Rewards Visa | Amazon. com Corporate Line | |
| Use | Only at Amazon. com | Any retailer that accepts Visa | Only at Amazon. com |
| APR | 25.99% | 14.24, 19.24 and 22.24% | Varies |
| Annual Fee | $0 | $0 | $0 |
| Special Offer | $30 Amazon. com Gift Card when credit application is approved | N/a | |
| Rewards | N/a |
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