The Amazon credit card is a financial alternative that has captured the interest of Canadian shoppers.
With its unique benefits and potential savings, this product is an interesting option for Amazon enthusiasts.
In this guide, we’ll explore who this credit card is for, its standout features, and what you need to know before applying. Keep reading!
Who is the Amazon credit card for?
The Amazon credit card is designed for consumers who shop frequently at Amazon Canada and want to maximize their rewards.
Additionally, Prime members can unlock extra advantages on eligible purchases, making their membership even more valuable.
It’s important to keep in mind that this product is available only for Canadian residents who have reached the age of majority in their province or territory of residence.
Benefits of the credit card
The Amazon credit card offers several benefits tailored to its target audience:
Rewarding purchases
One of the most significant advantages of this credit card is its cashback structure.
Cardholders can earn up to 5% back on Amazon and partner stores, helping them save on everyday shopping.
This benefit applies to the first $3,000 in eligible purchases made within the initial 6 months of card membership.
No annual fee
Unlike many rewards cards, this financial product doesn’t charge an annual fee, which means you can enjoy its advantages without worrying about this cost.
Global acceptance
The Amazon credit card comes with the Mastercard logo, ensuring acceptance by millions of merchants worldwide.
Whether you’re shopping online, traveling abroad, or dining out in your hometown, you can rely on it for seamless transactions.
Exclusive offers for Prime members
After the initial welcome offer period ends, standard cardholders earn 1.5% back on eligible purchases.
However, Prime members take it a step further, earning 2.5% back on these purchases.
Purchase insurance
This financial product provides coverage for most items bought within the first 90 days of purchase.
The lifetime total coverage limit is $60,000 per account.
Main details of the card
- Payment card services: Mastercard;
- Type: it can be used in Canada and abroad;
- Initial limit: it varies based on the applicant’s creditworthiness;
- Annual fee: non-applicable, making it accessible to a broad range of users;
- Does it accept clients with bad credit? Applicants with a fair credit score may qualify, but those with poor credit history are less likely to be approved.
Frequently asked questions
Still have questions about the Amazon credit card?
Then keep reading so we can answer them for you!
However, Prime participants gain additional rewards, such as higher cashback percentages on Amazon purchases.
Be sure to redeem your cashback balance before canceling your product.
Documents required to apply
To apply for the Amazon credit card, you’ll need to provide basic documentation.
This typically includes:
- A valid government-issued ID, like a driver’s license or a passport;
- Proof of income, including recent pay stubs or a tax return statement;
- Proof of residence, like phone or water bills;
- Social Insurance Number (SIN) for credit verification.
Ensure you have these documents handy to accelerate the application process.
How to contact MBNA?
MBNA Canada offers several channels for customer support, ensuring you can get help whenever you need it:
- General inquiries: 1-888-876-6262;
- Assistance for deaf or speech impaired clients (TTY/TDD): 1-800-872-5758;
- Assistance for consumers outside Canada: 1-613-907-3505.
How to apply for the Amazon credit card?
Applying for the Amazon Credit Card is a straightforward process that can be done online.
Clients can visit MBNA Canada’s official website or Amazon’s dedicated credit card page to begin their application. Alternatively, they can apply through MBNA’s mobile app.
The online system is designed for convenience, offering instant application status updates.
But before applying, ensure that you meet the eligibility criteria and have the required documents ready.
Conclusion
The Amazon credit card is an interesting alternative for anyone who shops frequently on Amazon and wants to maximize their savings through cashback rewards.
With no annual fee, rewards for Prime members, and global acceptance, it caters to both loyal Amazon customers and casual online shoppers.
However, it’s important to evaluate your spending patterns and financial objectives before applying.
If you’re someone who carries a balance or doesn’t shop on Amazon often, other cards might offer better value.
Click on the button below to be redirected to the official website responsible for issuing the Amazon credit card.