amazon digital charge on credit card

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Amazon Credit Card Review 2021 [Prime \u0026 Rewards]

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Amazon to stop accepting UK-issued Visa credit cards

Amazon has told customers that it plans to stop accepting payments made with UK-issued Visa credit cards in January.

In an email to users of the site, it blamed the cost of processing the payments, telling them: “Starting 19 January 2022, we will unfortunately no longer accept Visa credit cards issued in the UK, due to the high fees Visa charges for processing credit card transactions.”

The retailer said it would continue to accept Visa debit cards and other credit cards, including Mastercard, which supplies the retailer’s branded credit card, and American Express but acknowledged that the change would be “inconvenient” for some customers.

Payments on cards attract a range of fees including interchange fees and other transaction charges, and it is understood that Amazon’s move has not been prompted by an increase in any of the charges in particular.

In a statement, a spokesperson for the retailer said: “The cost of accepting card payments continues to be an obstacle for businesses striving to provide the best prices for customers. These costs should be going down over time, with technological advancements, but, instead, they continue to stay high or even rise.

“As a result of Visa’s continued high cost of payments, we regret that Amazon.co.uk will no longer accept UK-issued Visa credit cards as of 19 January 2022.”

Interchange fees are typically a percentage of the cost of the transaction and are higher for credit card transactions, and for those where purchases are made remotely, including online sales, although there are caps on payments made within the UK.

In a statement, Visa said it was “very disappointed that Amazon is threatening to restrict consumer choice in the future”.

It said: “When consumer choice is limited, nobody wins. We have a longstanding relationship with Amazon, and we continue to work toward a resolution, so our cardholders can use their preferred Visa credit cards at Amazon UK without Amazon-imposed restrictions come January 2022.”

It added that UK shoppers could continue to use their cards at Amazon “throughout the holiday season”.

Many shoppers choose to use credit cards for large purchases online because of the extra protections that are offered if things go wrong.

Under section 75 of the Consumer Credit Act, if a retailer goes out of business or fails to deliver goods as promised and the items cost more than £100, the credit card provider has an obligation to refund the costs.

James Andrews, from the comparison website money.co.uk, said the decision would come as a blow to the millions of UK shoppers who had Visa credit cards, including customers of Barclaycard and HSBC.

“With American Express also rejected by many UK retailers, that means people looking for rewards on their spending or trying to split the cost of shopping with a 0% purchase card on Amazon will be effectively forced to choose a Mastercard,” he said.

“Hopefully, Visa and Amazon work out their differences before the ban comes into force on 19 January but in the meantime it would be wise to check your cards now.”

Card fees have long been an issue of contention between providers and retailers, and this month Visa and Mastercard increased their quoted fees for “card-not-present” payments on credit cards to merchants in the EU after the removal of caps post-Brexit.

The British Retail Consortium said companies faced an estimated £150m increase in the cost of accepting cross-border card payments, with British retailers shouldering an extra £36.5m in fees, equivalent to £100,000 every day.

The Federation of Small Businesses said its members had experienced soaring fees in recent years.

Its national chairman, Mike Cherry, said: “Small businesses are almost always charged more for card terminals than big corporates – so when online giants start throwing down the gauntlet, you know the situation is becoming critical.”

Visa’s shares were down 3.3% in pre-market trading in the US.

Источник: https://www.theguardian.com/technology/2021/nov/17/amazon-to-stop-accepting-uk-issued-visa-credit-cards

Great things come in small packages!

3.1. The Borrower agrees that any facility/transaction under this InstaCard programme shall be considered as a separate loan facility and the terms and conditions of the Master Loan Agreement executed/to be executed by the Borrower will be binding and applicable.

3.2. The eligibility limit, benefits, offers/other services offered under the InstaCard programme shall be at the sole discretion of TVS Credit.

3.3. The Borrower shall avail separate facility from TVS Credit (which shall be subject to the terms of the Master Loan Agreement), before making any transactions under the InstaCard programme.

3.4. InstaCard will be valid for a period as mentioned in the card and valid in India only. The InstaCard usage at any ATM for cash withdrawal is applicable only for the eligible Borrowers as per the Welcome Letter or through separate communication from TVS Credit and valid for use at RuPay/VISA based physical Merchant Establishments only, by duly authenticating the PIN.

3.5. The membership to the InstaCard programme shall be non-transferable and non-assignable at the time of issuance. The InstaCard issued is valid for use only in India and for the purchase of goods or services in Indian currency only. TVS Credit/Bank/PPI Issuer reserves its absolute discretion to restrict the InstaCard usage at certain merchant locations/establishments/category either permanently or as may be communicated from time to time.

3.6. The Borrower undertakes to act in good faith at all times in relation to all dealings with the InstaCard and TVS Credit.

3.7. The Borrower agrees that the loan facility under the InstaCard programme is not intended to be used for purchase of prohibited items under the applicable laws of India like lottery tickets, banned or proscribed magazines, participation in sweepstakes, payment for call-back services, etc., or transactions dominated in foreign currency.

3.8. TVS Credit/Bank/ PPI Issuer reserves its absolute discretion and liberty to honour or decline the authorisation requests, without assigning any reasons. TVS Credit may, at its sole discretion, utilise the services of external service provider(s) or agent(s) and on such terms as required or necessary, in relation to the Cards.

3.9. TVS Credit shall not be responsible for any failures or errors or malfunctioning of POS or system or terminal during operations or electronic data capture.

3.10. The issue and use of the InstaCard shall be subject to the guidelines or notifications as may be issued by Reserve Bank of India and other regulators/statutory authority, from time to time.

3.11. In the event of any breach of these terms and conditions by the Borrower, he/she shall be liable for any loss, directly or indirectly, resulting from such a breach; and liable to pay TVS Credit, upon demand. The default if any committed by the Borrower in respect of his/her credit facilities availed from TVS Credit will also constitute breach.

3.12. In the event of any disagreement or dispute between TVS Credit and the Borrower regarding the materiality of any matter including any event, occurrence, circumstance, change, fact, information, document, authorisation, proceeding, act, omission, claims, breach, default or otherwise including use or misuse of the InstaCard, the opinion of TVS Credit as to the materiality of any of the foregoing shall be final and binding on the Borrower. The Borrower shall be bound by these Terms & Conditions and policies stipulated by TVS Credit, from time to time, in this regard.

3.13. For details of Charges, refer the loan term sheet which will be provided by TVS Credit for each transaction made by the Borrower. These charges are subject to changes at the sole discretion of TVS Credit. However, such changes in charges may be made only with prospective effect giving prior notice of thirty (30) days to the Borrower.

3.14. The Borrower shall contact TVS Credit/Bank/the PPI issuer of the Card in the event the InstaCard is lost, stolen, misused, or for replacement, PIN re-issue, hot-listing or any such disputes and the terms and conditions given by the PPI issuer shall be applicable.

3.15. TVS Credit/PPI Issuer shall not be responsible and liable for unauthorised payment transaction(s) where the loss is due to negligence by the customer, such as where he/she has shared the payment credentials including the PIN/OTP. The customer will bear the entire loss until he/she reports such transaction(s) to TVS Credit/PPI Issuer.

3.16. TVS Credit/PPI Issuer shall not be responsible for unauthorised payment transaction(s) if the customer reports such transaction(s) beyond 7 days to the TVS Credit/ PPI Issuer.

Источник: https://www.tvscredit.com/loans/instacard-for-instant-loans

If you have multiple credit cards saved on your Amazon account, you could get charged for subscriptions on any one of those cards, the Consumerist reports. That means that when one of your digital subscription needs to be renewed, if your preferred card is expired or deemed "invalid," Amazon will charge another card that is available at the time at random.

This issue came to an Amazon Prime user named Laura's attention when she received an overdraft charge from her debit card and realized that she had been charged for her Amazon Prime renewal, the Consumerist says. But Laura says she had never used her debit card for Amazon Prime, so she called Amazon to see what was up. An Amazon representative directed her to the "Fees and Renewal" section of the Amazon Prime Terms which states:

UNLESS YOU NOTIFY US BEFORE A CHARGE THAT YOU WANT TO CANCEL OR DO NOT WANT TO AUTO RENEW, YOU UNDERSTAND YOUR PRIME MEMBERSHIP WILL AUTOMATICALLY CONTINUE AND YOU AUTHORIZE US (WITHOUT NOTICE TO YOU, UNLESS REQUIRED BY APPLICABLE LAW) TO COLLECT THE THEN-APPLICABLE MEMBERSHIP FEE AND ANY TAXES, USING ANY ELIGIBLE PAYMENT METHOD WE HAVE ON RECORD FOR YOU.

And for the record, Amazon does alert you if there's an issue with your current payment, but say you're sharing your account with multiple card holders, any one of them can be charged. So, if you or they haven't logged in to see the warning, this might come as a big surprise.

Michelle Manetti

That's not to say Amazon Prime isn't great, because it is. But this is a good reminder to always read the fine print when you subscribe for anything that requires payment or auto-renewals, and it might be a good idea to only keep one card on-file at a time.

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Источник: https://www.goodhousekeeping.com/life/money/news/a40718/amazon-prime-renewal-card-fee/

Is the Amazon Prime Rewards credit card still worth the cost?

Editor’s note: This post has been updated with the latest information. 


Amazon is the giant in the room for easy, instant access to hundreds of thousands of different products.

While the Amazon Prime Rewards Visa Signature Card is technically free to own, one of the caveats is that you have to be an Amazon Prime subscriber to qualify. In 2018, Amazon increased the price of a Prime membership from $99 a year to $119.

It’s hard (and actually foolhardy) to assess the value of the Prime membership based solely on the return you might get using the online retailer’s credit card — because membership includes so many other tangible benefits — but for argument’s sake, I’m going to try.

The information for the Amazon Prime Rewards card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Want more credit card news and advice from TPG? Sign up for our daily newsletter.

First, let’s look at what the Prime Rewards card pays:

  • 5% cash back at Amazon.com and Whole Foods Market.
  • 2% back at restaurants, gas stations and drugstores.
  • 1% back on all other purchases.

There’s no cap on the cash-back value you can earn, and you can redeem your rewards to pay for all or part of your Amazon purchases. In addition to cash back, you can also redeem for gift cards or travel. Currently, new cardmembers receive a $100 Amazon.com gift card instantly upon approval. With Amazon’s acquisition of Whole Foods Market and the millions of items ready to be delivered to your home, let’s see if this card is still worth the cost.

Related: Best cash-back credit cards

How should you use the card?

(Photo by The Points Guy)

Compared to many other travel credit cards, the Amazon Prime Rewards card offers fewer earnings on both bonus and non-bonus category spending.

For example, the Chase Sapphire Reserve gets you 3 points per dollar spent on travel and dining at restaurants, while the Costco Anywhere Visa® Card by Citi earns 4% cash back on eligible gas for the first $7,000 per year and 1% thereafter.

You even can beat the 5% cash back at Whole Foods by using the Blue Cash Preferred® Card from American Express, which offers 6% cash back at U.S. supermarkets (on up to $6,000 per calendar year in purchases, then 1%). Cash back is received in the form of Reward Dollars that can be redeemed for statement credits. Terms apply.

However, if grocery and household spending is a significant chunk of your budget, virtually no card can top the Prime Rewards bonus on spending at Amazon.com.

So let’s look at how much you’d have to spend annually with Amazon to justify the subscription price.

Earning your membership fee back

Dania Maxwell/Bloomberg via Getty Images

Let’s figure out your break-even cost for signing up for Prime and using the Prime Rewards card.

The $100 gift card you receive for signing up goes a long way toward paying off the first-year cost of the Prime membership. You’d have to spend about $380 at Amazon during your first year to earn enough cash back to pay off the remainder of your Prime subscription cost. Here’s the breakdown:

$119 (Prime membership) minus $100 (sign-up bonus gift card) divided by $0.05 (5% back with card) = $380

During subsequent years, you’d have to spend about $2,400 on Amazon merchandise to earn enough cash back to pay for your Prime subscription. Here’s the breakdown:

$119 divided by $0.05 = $2,380

A 2017 Consumer Intelligence Research Partners analysis found that the typical Amazon Prime member spends about $1,300 a year with the retailer. That’s not enough spending to justify getting a Prime membership for the sole purpose of getting the credit card.

I spend even less than average, it turns out. I spent $615.62 on Amazon last year, buying both merchandise and digital content. Had I used the Prime Rewards card, I would have earned $30.78 in cash back or Amazon credit, well short of the $119 Prime membership fee.

Another Amazon card option

I might be better off with the Amazon Rewards Visa Signature Card. You can get this card without subscribing to Prime. The Amazon Rewards card pays:

  • 3% back at Amazon.com and Whole Foods Market.
  • 2% back at restaurants, gas stations and drugstores.
  • 1% back on all other purchases.

New cardmembers receive a $50 Amazon.com gift card instantly upon approval.

I could get a slightly better return, but I’d have to use the Chase Freedom Unlimited, which earns 1.5% cash back on most purchases (plus 3% on dining and drugstores and 5% on Chase Ultimate Rewards Travel), and transfer those points to my Chase Sapphire Reserve account, where each point is worth 2 cents on average when you redeem them with travel partners, according to TPG’s latest valuations.

Bottom line

This exercise to determine whether it’s worth paying the Prime membership fee to get the Prime Rewards card is extremely subjective. Some of us may find incredible value from 5% back on Whole Foods deliveries.

I’m an Amazon Prime member — and I don’t even buy that much from Amazon. But for people who enjoy perks like free two-day shipping and Prime streaming services, those benefits alone could justify the cost of a membership. Essentially, membership is already a sunk cost and with no annual fee, adding the Prime Rewards card is just icing on the cake.

I find value in the membership because of the Prime Video and Amazon Music streaming services. Those alone are worth the $119 a year to me. Throwing in a rewards credit card on top of that doesn’t hurt, either.

Additional reporting by Chris Dong.

Featured photo by Julie Clopper/Getty Images. 

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Источник: https://thepointsguy.com/news/is-amazon-prime-card-still-worth-it/

How to maximize cash back on Amazon.com

The internet has changed the way we do almost everything, ranging from how we pay bills to how we shop. Where most of us would head to the grocery store or pharmacy to pick up food and supplies in the past, pretty much everything we want and need is now available with a few quick clicks. If you’re an Amazon Prime member, then you may even get the bulk of your purchases delivered with free two-day shipping.

Many of us spent the better part of a year in isolation, which has only increased our reliance on online shopping. These days, it’s not uncommon to rely on Amazon.com to deliver school supplies to your kids, clothing for everyone in the family and even your weekly grocery order.

With that in mind, maximizing cash back on your Amazon purchases can make a lot of sense. If you’re spending money online anyway, you may as well get some rewards in return as well as access to some important cardholder benefits.

How do I get Amazon cash back?

While you can earn cash back on all your Amazon shopping with a regular rewards credit card, the best way to earn rewards for Amazon purchases is through signing up for a co-branded credit card. With an Amazon credit card, you’ll be able to earn one of the highest rates of cash back on Amazon purchases, but you may also be able to earn rewards on all other purchases you charge to your card.

To get cash back, all you have to do is use your Amazon credit card when you shop. From there, your account will be credited with the cash back you earn, which you can use to cover more purchases with the retailer.

How do I make the most of Prime Day?

Amazon.com’s annual sale, otherwise known as “Prime Day” will take place this year from June 21 to 22. You’ll need to be a Prime Member to take advantage of Prime Day and earn additional rewards on spending. Savvy Prime Members can earn even more with the right credit card. Read on to learn more about credit cards offering the best perks for Prime Day this year.

What are the best Amazon.com credit cards?

Some Amazon.com credit cards are store cards, meaning they can be used only for purchases made with the retailer. Others are traditional credit cards you can use nearly anywhere you shop. As you look for ways to make the most of your Amazon shopping, consider adding one of these cards to your wallet.

Amazon Prime Rewards Visa Signature Card

  • Earn 5 percent back at Amazon.com and Whole Foods Market, 2 percent back at restaurants, gas stations and drugstores and 1 percent back on other purchases.
  • Get a $150 Amazon.com gift card instantly upon card approval.
  • No annual fee ($119 Amazon Prime subscription required).
  • Major cardholder benefits include travel and emergency assistance, lost luggage reimbursement, baggage delay insurance, travel accident insurance, purchase protection, extended warranties, auto rental collision damage waiver and more.

Amazon Rewards Visa Signature Card

  • Earn 3 percent back at Amazon.com and Whole Foods Market, 2 percent back at restaurants, gas stations and drugstores and 1 percent back on other purchases.
  • Get a $50 Amazon.com gift card instantly upon card approval.
  • No annual fee.
  • No Amazon Prime membership required.
  • Major cardholder benefits include travel and emergency assistance, lost luggage reimbursement, baggage delay insurance, travel accident insurance, purchase protection, extended warranties, auto rental collision damage waiver and more.

Blue Cash Preferred® Card from American Express

  • Earn 20 percent cash back on Amazon.com purchases on your card within the first six months (up to $200 back).
  • Earn 6 percent cash back at U.S. supermarkets (up to $6,000 in annual purchases, then 1 percent cash back after that) and on select streaming services, 3 percent at U.S. gas stations and on transit and 1 percent on everything else.
  • $95 annual fee ($0 introductory annual fee for the first year).
  • Receive a $150 statement credit after you spend $3,000 in purchases on your new card within the first six months.

Blue Cash Everyday® Card from American Express

  • Earn 20 percent cash back on Amazon.com purchases on your card within the first six months (up to $150 back).
  • Earn 3 percent cash back at U.S. supermarkets (up to $6,000 in annual purchases, then 1 percent cash back after that), 2 percent at U.S. gas stations and select U.S. department stores and 1 percent elsewhere.
  • No annual fee.
  • Receive a $100 statement credit after you spend $2,000 in purchases on your new card within the first six months.

Amazon.com Store Card

  • Earn 5 percent back on Amazon.com purchases with an Amazon Prime membership
  • Get a $100 Amazon.com gift card upon approval
  • No annual fee.
  • No Amazon Prime membership required.
  • Choose special financing offers that let you secure 0 percent intro APR over six months for orders above $150 and 12 or 24 months on orders above $600 (25.99 percent variable thereafter).

Amazon Business American Express Card

  • Choose between 5 percent back or 90-day payment terms on U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market.
  • Earn 2 percent back at U.S. restaurants, U.S. gas stations and purchases made for wireless telephone services purchased directly from U.S. providers and 1 percent back on other purchases
  • Get a $125 Amazon.com gift card upon card approval with an eligible Prime membership.
  • No annual fee ($119 Amazon Prime subscription required).
  • Major cardholder benefits include car rental loss and damage insurance, return protection, baggage insurance and more.

The information about the Amazon Rewards Visa Card, Amazon.com Store Card and Amazon Business American Express Card has been collected independently by Bankrate.com. The card details have not been reviewed or approved by the card issuer.

Does Amazon.com give 5 percent cash back?

You can earn 5 percent back on Amazon.com purchases with the credit cards we’ve outlined above, but these rewards are offered by your card and not through Amazon.com itself. The Amazon Prime Rewards Visa Signature Card and the Amazon Rewards Visa Card are actually rewards credit cards from Chase, whereas the Amazon Business Prime American Express Card is offered through American Express. Further, the Amazon.com Store Card is offered through Synchrony Bank.

Also, note that rewards rates among Amazon.com credit cards can vary and that cards that earn 5 percent back require an Amazon Prime membership.

How can I get free cash back?

For the rewards you earn to be “free,” you’ll need to pay your credit card balance in full every month. Note that, like all credit cards, co-branded Amazon.com credit cards charge interest on balances you carry from month to month.

These interest rates can be high, so you’ll want to make sure you don’t use your credit card to rack up long-term debt. Charge only purchases you can afford to pay off each month, pay your bill in full when you receive it and your rewards will be “free” in that sense.

How do I maximize my Amazon rewards?

If your goal is maximizing your Amazon cash back, there are steps you can take to boost your rewards or bundle your cash back other promotions. Consider these tips:

Check Amex Offers

If you have an American Express credit card that pairs up with Amex Offers, you should check these offers frequently for special Amazon.com discounts. While offers vary and may be sporadic, it’s not uncommon to qualify for discounts on Amazon.com purchases when you use your American Express credit card to pay.

Utilize shopping portals

Maximize your Amazon.com cash back with shopping portals by clicking through a portal like Rakuten before you shop. This step is easy since all you have to do is create a free shopping portal account and “click through” the portal before you make your regular online purchases.

Subscribe and save

Some purchases from Amazon.com qualify for a “subscribe and save” feature that lets you secure a lower price if you agree to purchase specific items on a regular, automatic basis. Subscribe and save to make sure you always have the stuff you need for your home—like diapers or trash bags—and to maximize your Amazon cash back.

Take advantage of Amazon.com gift card promotions

Also, keep your eye out for Amazon.com gift card promotions at local retailers like supermarkets or office supply stores. You may be able to secure a gift card at a discount and earn Amazon cash back on your purchase at the same time.

Источник: https://www.bankrate.com/finance/credit-cards/how-to-maximize-cash-back-on-amazon/

Amazon’s new credit card could backfire on people with bad credit

Like many other retail cards, however, the Amazon Credit Build card can only be used for Amazon purchases, making it a “closed-loop” card.

The structure of the new credit offering struck credit-card experts as rather unusual. “I’ve looked at hundreds of retail cards, and I can’t recall ever seeing a secured retail card,” said Ted Rossman, industry analyst with CreditCards.com.

(Amazon and Synchrony declined to provide additional comments regarding the card on the record.)

Read more:How Amazon and Walmart’s next-day shipping could bust your budget

Here are other features of the card:

• Amazon Prime members who open the card can receive 5% back on purchases at Amazon.com. The account must be in good standing to redeem the rewards.

• The card has no annual fee — though consumers would need to pay the $119 yearly membership fee for Amazon Prime to get the cash-back reward.

• After making the account-opening deposit, card holders will receive a $40 gift card.

• Card holders will have access to 0% APR financing options on large purchases.

• On-time payments will be reported to the three major credit bureaus: Experian EXPN,  , Equifax EFX,  and TransUnion TRU, .

•The annual percentage rate for the card currently stands at 28.24% and resets based on the Prime Rate. That’s higher than the average retail card interest, which was 25.64% as of November 2018, according to CreditCards.com.

Amazon is looking to appeal to lower-income consumers

This card is clearly geared toward a different audience than the company’s other credit cards, including the Amazon Prime Rewards Visa V,  , which was released last year.

The Amazon Credit Builder card is explicitly aimed at people with bad credit and those who are new to credit. Amazon has also partnered with TransUnion to create a dashboard through which consumers can monitor their credit score and learn how to use their credit card wisely.

“Secured credit cards are my favorite cards for folks who are getting started with credit or rebuilding it,” said Matt Schulz, chief industry analyst at CompareCards.com. “They’re a great training-wheels card because there’s so little risk involved. After all, with typical credit lines of $200 or $250, there’s only so wild you can go with your spending.”

But Schulz cautioned that because the Credit Builder is a retail card, there are some important potential pitfalls that consumers should be aware of, namely a higher-than-average APR and rewards that may not be as good as the ones offered by general purpose cards.

Consumers will have the option to upgrade to the Amazon Store Card if their account remains in good standing. Though, not all consumers should necessarily make this move.

“Upgrading the card means getting your security deposit back, so that’s a good thing,” said Greg McBride, chief financial analyst at Bankrate. “But ultimately, whether a card is secured or unsecured, it is how disciplined the cardholder is with their spending and repayment of the balance that determines success or failure in a financial sense.”

Also see:Here’s everything Apple isn’t telling you about its new credit card

To qualify for the upgrade, card holders must make seven consecutive on-time payments over the course of 12 months. Card holders would also need to have a credit file with no recent bankruptcy, foreclosure or delinquency events and a credit score that meet’s Synchrony’s criteria.

The move to offer this card fits in with other efforts Amazon has made to appeal to lower-income consumers, including when the company began charging a lower membership rate for Amazon Prime for consumers who rely on government assistance.

“‘It sets the bad precedent of using a credit card to finance purchases that can’t be paid for in full.’”

— —Bankrate’s Greg McBride on 0% financing offers associated with retail credit cards
The card’s perks may be too good to be true

Many of the perks designed to help this card stand out from other secured credit cards could become double-edged swords.

For starters, Amazon’s choice to offer rewards on the card could easily backfire for consumers. Credit card rewards, however, are almost inherently designed to encourage overspending. Financial experts argue that offering these rewards in turn could promote bad spending habits and make it harder for consumers to build up their credit score.

Moreover, the special financing offers could end up costing consumers big time if they’re not careful. Amazon Credit Builder card holders will have access to two forms of special financing. For purchases of $149 or more, they can apply to receive 0% financing for between six and 24 months.

Consumers can also request “Equal Pay Financing” for purchases of $300 or more, where they will make equal payments each month for a year at 0% APR.

Don’t miss:Ask these questions about your credit card — it could save you hundreds of dollars

Both of these supposed deals have drawbacks. Namely, if consumers don’t pay the full balance off in time, they will be forced to pay interest on the full purchase amount. And with the equal-payments offer, missing a payment could hurt the buyer’s credit score.

“More cards and card issuers are offering the ability to segregate out specific big ticket purchases for special financing arrangements in hopes the card holder will continue to use the card while paying off that big-ticket purchase rather than putting it in a drawer until it gets paid off,” McBride said. “The risk to those who are new to credit or rebuilding credit is that it sets the bad precedent of using a credit card to finance purchases that can’t be paid for in full.”

The card’s high interest rate should also be a major concern to consumers — and can be avoided if they pay the balance in full each month. But that might prove difficult for someone on a tight budget.

Finally, because of its unique structure, the Amazon Credit Builder card comes with one of the major caveats of most retail cards: Consumers can’t use it elsewhere. That makes it potentially less useful than other secured credit cards banks offer, such as the Discover it Secured card DFS,   and Citi Secured Mastercard C,  , which can be used at any number of retailers.

Consumers should approach any retail card with caution, Schulz said, because people often feel pressured into signing up for them, then regret doing so. In fact a 2018 survey by CompareCards found that 47% of people who got store cards were sorry they did.“If you interested in a card, your best move is to say no when it’s offered to you and then read up on the card once you get home,” Schulz said. “If it’s still interesting to you, go ahead and apply the next time you’re in that store. Chances are all the same perks and details will still apply, but you’ll be making a less pressurized, more informed decision.”

Shares of Amazon are up 11.3% over the last three months. Comparatively, the Dow Jones Industrial Average DJIA,  and S&P 500 SPX,  are up only 2.1% and 4.75% respectively over that same period of time.

Источник: https://www.marketwatch.com/story/amazons-new-credit-card-targets-people-with-bad-credit-2019-06-10

Cancel Amazon Digital Services subscription in a minute

Amazon Digital Services is a U.S-based conglomerate technology company focused on e-commerce, digital streaming, cloud computing, and artificial intelligence. Two years ago, its two-day delivery service surpassed 100 million subscribers worldwide. 

Cancel Amazon Digital Services subscription with DoNotPay

Why waste your precious time and energy canceling subscriptions manually when our DoNotPay app can do it for you? All it takes is a few simple steps. You can cancel your subscription by:

  1. Accessing the DoNotPay app via a web browser
  2. Selecting Find Hidden Money
  3. Entering Amazon Digital Services 

Our app will notify you as soon as your subscription is canceled. 

Canceling your subscription the Amazon Digital Services way

When you are no longer interested in what they have to offer, there are two distinct ways to cancel your Amazon Digital Services subscription:

  • Dialing their customer service
  • Manually shutting down your account via Amazon’s website

Canceling Amazon Digital Services subscription by phone

Phone queues are an inevitable nuisance when trying to cancel your subscription by phone. Nonetheless, many people prefer this option over all others. In order to cancel your Amazon Digital Services subscription over the phone, it is necessary to take the following steps:

  1. Call 888-280-4331
  2. Ask to have your subscription canceled
  3. Provide your account details
  4. Request a confirmation number or email as proof that you have submitted a cancelation request

Canceling Amazon Digital Services subscription through their website

Tech-savvy people are often inclined towards canceling their subscription manually. In the case of Amazon Digital Services’ website, you are allowed to do so by:

  1. Visiting Amazon’s website
  2. Clicking on Your Memberships and Subscriptions
  3. Selecting Manage Subscription
  4. Clicking the link below Advanced Controls that will direct you to the main subscription page from which you can cancel your account.
Can you cancel withYes / No
DoNotPayYes
EmailNo
PhoneYes
LetterNo
In-personNo
Company websiteYes

Fight for justice in small claims court with DoNotPay

If your relationship with Amazon Digital Services goes sideways and bureaucracy gets in the way of justice, rest assured that DoNotPay will be by your side and guide you through the process of suing them in small claims court.  

We are a humble recipient of the American Bar Association Louis M. Brown Award for Legal Access. Justice matters to us, and our robot lawyer will help you reach it no matter what. 

Amazon Digital Services’ auto-renewal policy

Amazon Digital Services offers its subscribers a free trial period, which automatically turns into a full paid membership unless you manually turn off the auto-renewal option. Your credit card will get charged, even if you did not agree to become a full-fledged member. 

What happens if you cancel your Amazon Digital Services subscription before the renewal date?

It is worth mentioning that if you cancel your subscription before the renewal date, you still get to enjoy the perks and benefits of being a member until the billing date comes. Your credit card will not be charged with a termination fee. You can click here to learn more about canceling subscriptions with Amazon Digital Services.

Amazon Digital Services has some serious competition

As time goes by, we see more and more online shops pop up, providing a plethora of benefits to their end-users. These are some of the best alternatives to Amazon you might want to check out:

CompanyPriceBenefits
RakutenFree of charge
  • Rakuten offers $25 for friend referrals
  • You can secure a 3% discount by getting Rakuten’s credit card
eBay$4.95/ mo 
  • eBay’s checkout is one of the fastest ones among online shops
  • eBay includes a make an offer option for many of its listings 

Say farewell to unused subscriptions with DoNotPay

Subscription services have become a billion-dollar industry thanks to the fact that many Americans, until now, have not had a decent way of managing and monitoring their subscriptions on a monthly basis. In fact, 84% of U.S citizens underestimate the amount of money they spend on subscriptions each month.

Our app can aid you with keeping more money in your pocket by tracking all of your subscriptions and canceling the ones that you are not using!

DoNotPay Protects Your Privacy and Finances

Sharing your credit card details online comes with certain risks, and it’s getting more difficult to tell good and bad websites apart. With DoNotPay’s virtual credit card generator, you will be able to protect your identity and bank account from cyber scammers.

Whenever you run into a suspicious email or website, generate a virtual credit card and proceed without worries. Our virtual cards also work like a charm if you want to avoid automatic payments after free trials.

Things made possible by DoNotPay

donotpay how to cancel any service

What if we told you that canceling subscriptions is not the only thing we have to offer? In fact, what if we told you that we are obsessed with making your day-to-day life as smooth as possible? Here are all the things that you can lean on DoNotPay for:

Источник: https://donotpay.com/learn/cancel-amazon-digital-services/

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