Post: #1

I am a Amazon Prime member and notice they have an offer currently that you save $40 off a purchase if you sign up for their credit card.


-5% Back Every Day on Amazon.com purchases
-No annual fee for Prime Member

One of my main questions is hidden fees/interest one. I pay my balance off every month and I am trying to see if there is any hidden costs that I will be charged if I pay it off. Basically I only would get the card if I am not being charged any additional fees if I have my balanced paid off in full every month. From what I read it seems I wouldn't but I don't know if Im missing any small details.

Quote:7. No Annual Fee: As of 3/1/15 variable purchase APR is 25.99%. Minimum interest charge is $1.50.


We charge interest on your purchases from the date you make the purchase until you pay the purchase in full. See exceptions below.
We will not charge you interest during a billing cycle on any purchases if:
You had no balance at the start of the billing cycle; OR
You had a balance at the start of the billing cycle and you paid that balance in full by the due date in that billing cycle.
We will credit, as of the start of the billing cycle, any payment you make by the due date that we allocate to purchases if:
You had no balance at the start of the previous billing cycle; OR
You had a balance at the start of the previous billing cycle and you paid that balance in full by the due date in the previous billing cycle.

Post: #2

I have the card and there isn't any hidden fees.

I'd consider applying for the Freedom card by Chase right now if you don't have it. You'd get 15000($150) bonus ultimate reward points for spending $500 in 3 months. Freedom has bonus quarters. For this quarter it's Amazon and Zappos. You'd get 5% rewards for up to $1500 per that quarter. So the max you get can is 7500 points. Plus right now Chase is trying to compete with Discover so they're upping it to 10% from now to Christmas.

I stocked up on Amazon gift cards through that which you can use later. The reason the points are better than cash back is that they're worth more. If you have the Sapphire Preferred or Ink+, you can transfer your points 1:1 to a number of airlines Chase has connections with. You're looking at 2.2 cents per point if you go that route. Of course, you can always redeem as cash back at 1:1 as well.