Amazon Platinum credit card review

2 min Read Published: 09 Nov 2020

Amazon credit card review In this review we look at the Amazon Platinum credit card, which offers incentives for people who regularly shop with the online retail giant

Key facts about the Amazon Platinum credit card

  • Best for: Those who regularly buy items on Amazon
  • Introductory offer: Interest free on purchases for 3 months
  • Representative APR: 21.9% APR
  • Fees: No annual fee, 5% balance transfer fee
  • Perks: £20 Amazon gift card when you open an account, earn 1.5 Amazon rewards point per £2 spent at Amazon and 0.5 points for £2 spent elsewhere. 3 points for every £2 spent for Amazon Prime customers. 1,000 points converts to a £10 Amazon voucher

Pros of the Amazon Platinum credit card

  • Instant spend of up to £500 when you open the account, available before the card arrives
  • Good perks, especially for frequent shoppers at Amazon
  • Interest free for up to 56 days on purchases if you pay the balance in full each month
  • It is open to those with less-than-perfect credit ratings

 

Cons of the Amazon Platinum credit card

  • High balance transfer fee compared with other cards
  • Foreign transaction fees payable if you use your card abroad

How to manage your payments on the Amazon Platinum credit card

Cardholders can manage payments through their Amazon account. There is also a mobile app for card issuer NewDay on which cardholders can make payments directly

How to apply for the Amazon Platinum credit card

Open an Amazon account, if you don't already have one and use the online eligibility checker before completing your application

Alternatives to the Amazon Platinum credit card

For other options, read our article "Best credit card in the UK"

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