The Amazon Credit Card has been a popular option for customers looking to make purchases with their existing Amazon account. Many consumers are drawn to the idea of a credit card that works with their existing Amazon account, allowing them to make purchases without having to enter a credit card number each time. It is understandable why this would be appealing, but there is an important question that must be answered: Is the Amazon Credit Card free?
The answer to this question is both yes and no. The Amazon Credit Card does not carry an annual fee, so there is no cost associated with using the card directly.
However, there are certain fees associated with the card that must be taken into consideration before making a decision on whether or not it is free. For example, if you use the card to make purchases outside of Amazon, then you will incur a 3% foreign transaction fee on those purchases. Additionally, if you do not pay your balance in full each month, then you may incur interest charges.
The Amazon Credit Card also offers some additional services and benefits for customers who opt-in for them. These include cash back rewards, extended warranties and purchase protection services.
While these are great perks for customers who take advantage of them, they do come at an additional cost. Depending on how often you use these services and what type of purchases you make with your card, these costs can add up quickly.
In conclusion, while the Amazon Credit Card does not have an annual fee associated with it directly, there are still fees and costs associated with using the card that need to be taken into consideration when deciding if it is free or not. Additionally, customers who opt-in for extra benefits such as cash back rewards or purchase protection may incur additional costs depending on how frequently they use these services.
Conclusion:
Is the Amazon Credit Card free? While there is no cost associated directly with using the card itself, there are still fees and costs associated with using it that should be taken into account before deciding if it is free or not. Additionally, opting-in for extra benefits may incur additional costs depending on how frequently they are used by the customer.