Amazon Prime Credit Card - any cons???

twoinanddone
Sun, 03 Sep 2017 20:02:23 +0000

The ‘con’ I could see for the Amazon Prime card is the interest rate or other charges. Yes, I know YOU (all of us practically perfect CCers) don’t pay interest because you always pay off your balance, etc. but mistakes do happen. My credit union credit cards have interest rates of about 8% and generous grace periods (for example, my bill is due on the 15th but I’ve learned they will not charge me interest if I’m 5-10 days late). Whenever I’ve had an issue, I call and they waive any fees (I’ve been a member at one for 40 years, the other 35). If I need to spread payments over a month or two, the interest rate isn’t horrible.

I also have other cards through Chase. They are nice in customer service, but not that nice. I think the interest rates on those cards are 15%-18%, and I’m a really good customer. A late charge is $29, but would also cause the interest rate to go up.