Amazon has two different cards available to consumers, one is a store card issued by Synchrony and the other is a credit card issued by Chase. The store card currently offers financing on Amazon purchases, but the credit card does not. This will change on May 25th, when the Chase credit card adds the following promotional financing options.
After the promotion period ends, the standard purchase APR applies
- 0% APR on Amazon.com purchases of $50 or more for 6 months
- 0% APR on Amazon.com purchases of $250 or more for 12 months
- 0% APR on Amazon.com Purchases of $500 or more for 18 months
If you choose this 0% APR option, keep in mind you will not earn any cash back/points back on these purchases. It’s one or the other. This is the same as the store card. You also get the option of special financing or equal pay where the purchase amount is divided by the 0% APR period. For example if you make a purchase of $100 and have 6 months of 0% APR you will pay $16.67 per month and at the end of the six months the purchase will be fully paid off.
Hat tip to reader Nick
