Amazon Launches New Credit Card 'Amazon Credit Builder'



Amazon has launched a new credit card 'Amazon Credit Builder' for people who want to increase their credit score in the United States.

Amazon.com: Amazon.com Store Card Credit Builder: Credit Card Offers
https://www.amazon.com/iss/credit/creditbuilder

Amazon's newest credit card could be a double-edged sword for people with bad credit-MarketWatch
https://www.marketwatch.com/story/amazons-new-credit-card-targets-people-with-bad-credit-2019-06-10

'Credit score' is a numerical value that indicates 'personal creditworthiness' calculated based on credit card overdue repayment history, holding period of the bank account you own, usage history, etc. In the United States, credit score is considered to be a measure that greatly affects life, and it is said that it affects not only the availability of a credit card but also the interest rate of a loan, the possibility of renting a room, and job hunting. In order to live wisely in the United States, you need to earn not only cash but also a credit score.

Amazon Credit Builder is the same as ' Amazon Score Card ' in terms of 'free annual fee' and '5% point reduction for Amazon Prime members when purchasing a specific product'. However, Amazon Credit Builder owners can check their credit score, and access information provided by Amazon such as ' How to earn a credit score ' and ' How does the credit score change due to your behavior ' Will be possible.

Amazon.com: Credit & Payment Cards


In order to use Amazon Credit Builder, you first need to pay a deposit. You can set your own deposit from $ 100 (about 11,000 yen) to $ 1,000 (about 110,000 yen), but the amount of the deposit you paid is the credit limit of Amazon Credit Builder. In addition, the deposit can be refunded after clearing the payment amount at the time of withdrawal.

Amazon Credit Builder can also receive a non-interest loan of six months for payments greater than $ 149 and less than $ 599, 12 months to more than $ 599 and less than $ 799, and 24 months for more than $ 799. However, if the period has passed, it is likely that you will be charged a 28.24% real annual rate higher than common American credit cards.

in Web Service, Posted by log1k_iy