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Amazon Store/Credit Cards - How do they work?

edited 30 November -1 at 12:00AM in Credit Cards
13 replies 1.7K views
sebsysebsy Forumite
112 posts
edited 30 November -1 at 12:00AM in Credit Cards
Hi folks,

I've only ever had a debit card my entire life, never felt the need for a credit card.

However, I do like free promotional rewards and have seen one on Amazon.co.uk and Amazon.com for cards and I was hoping someone could enlighten me as to how these work.
https://www.amazon.co.uk/gp/cobrandcard/marketing.html

This offer on the UK one for example. Just reading it, as someone who has never had a credit card, it appears as simple as applying for the card and getting a free £25 gift card. But what then?

If I then never use this card, ever, have I really just got myself a free £25 to spend on Amazon? It seems unlikely to me. So how does this work?

Same with this offer on Amazon.com: https://www.amazon.com/iss/credit/storecardmember/ref=as_li_ss_tl?_encoding=UTF8&plattr=PLCCFOOT&lin kCode=ll2&!!!!!couponscom08-20&linkId=a20a5823549bce2b29172e5dbc8db851&coupons com08-20=b6d1a01ba5c4434cac39bc0c58bbe74c

I suspect you would have to be a US resident for this, but the curiosity on how this works is the same. Is it really just a case of get the card, and the free $30 and then never use the card and you have jut got yourself a free $30 for nothing? Can't be that simple, surely?

I don't understand all the speak about finance but I can't believe you just apply for a card and get the free gift card and then never use your card or what have you, so what am I missing?

Thanks.
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Replies

  • zx81zx81 Forumite
    31.4K posts
    Tenth Anniversary 10,000 Posts Photogenic Name Dropper
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    sebsy wrote: »

    This offer on the UK one for example. Just reading it, as someone who has never had a credit card, it appears as simple as applying for the card and getting a free £25 gift card. But what then?

    If I then never use this card, ever, have I really just got myself a free £25 to spend on Amazon?
    Yes, you have.
    sebsy wrote: »
    It seems unlikely to me. So how does this work?
    It works as above.
    sebsy wrote: »
    I don't understand all the speak about finance but I can't believe you just apply for a card and get the free gift card and then never use your card or what have you
    That's how it works, even if you don't believe it.
    sebsy wrote: »
    what am I missing?

    Nothing. You're just not believing it.
  • sourcratessourcrates Forumite, Board Guide
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    Its what they call an incentive, or a sweetener, for you to take their card instead of a card from another provider.


    This is, of course, in the hope you will spend more money using the card.


    Offers of this type used to be everywhere, nowadays its usually 0% interest free periods they offer, but on this occasion it is free money.
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  • sebsysebsy Forumite
    112 posts
    Thanks.
    That's what I thought was the case, but just having never had a credit card and with the slew of terms and conditions these things tend to have I wanted to be sure I wasn't missing or misinterpreting something.


    Thanks for your help :)
  • sebsysebsy Forumite
    112 posts
    Yes it is, is that a problem?


    I posted the other thread first as I had only ever really used that sub-forum before and was told in there that there was a credit card specific area so found it and re-posted.
  • cjvcjv Forumite
    511 posts
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    Yep the £25 is free money! You may also get an instant £500 to spend without having to wait for the card, might be good if you are planning on doing any shopping during Prime Day.

    If you are a member of Prime the Amazon reward points are not terrible either, if you spend and pay in full each month.
  • sebsysebsy Forumite
    112 posts
    Sadly, my Prime trial ran out last week.


    Also, as I say I have no intention of using the card, just worth getting it for the free £25 gift card after which I'd happily just cancel the card.


    The £500 would be no use to me as if I buy anything on Amazon over the £25 gift card I'll just use my regular debit card which I've always used.
  • takmantakman
    3.9K posts
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    sebsy wrote: »
    Sadly, my Prime trial ran out last week.


    Also, as I say I have no intention of using the card, just worth getting it for the free £25 gift card after which I'd happily just cancel the card.


    The £500 would be no use to me as if I buy anything on Amazon over the £25 gift card I'll just use my regular debit card which I've always used.

    Why won't you use a Credit Card ? If you buy anything over £100 In value then you get Section 75 protection on the purchase which is always good to have. Plus you can get cards that give you other benefits such as cashback on every purchase.

    If you only every look on the eBay board your missing out on alot of other ways to get "free money".
  • This is my question too, thanks for the helpful answer your dear friends
  • Sea_ShellSea_Shell Forumite
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    Sixth Anniversary 1,000 Posts Name Dropper Hung up my suit!
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    It would appear that the "Free Voucher" is now reduced to just £10...sure it was showing £25 yesterday!!!

    Anyway, i'm not going to bother for £10, but I was all ready to apply for one at £25. Hey-ho.
    " That pound I saved yesterday, is a pound I don't have to earn tomorrow ":beer: JOB DONE!!
    This should now read "It's time to start digging up those Squirrelled Nuts"!!! :j:j:j
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