After bankruptcy, it’s possible that you might be approved for the Amazon Store Card, but it’s not guaranteed. If you had a Chapter 7 bankruptcy and your debts were discharged, there are instances where individuals have been able to get approved for an Amazon Store Card.
One thing to note is that while your bankruptcy proceedings are ongoing, you cannot apply for any new lines of credit without court approval. However, once your bankruptcy has been discharged, it’s typically possible to start rebuilding your credit.
Amazon also offers a Secured Credit Card for shoppers with less-than-perfect credit. After making seven consecutive on-time payments over seven months, cardholders may be eligible for an upgrade to an Amazon.com Store Card.
As for the credit score required for an Amazon Card, according to Amazon, applicants are more likely to be approved if their credit score is above 640.
What is the Amazon Store Card?
The Amazon Store Card is a credit card offered by Amazon that can only be used to make purchases on Amazon.com. It offers 5% back on all eligible Amazon purchases, which makes it a great option for frequent shoppers.
It also comes with some other benefits, like 24/7 customer service and no annual fee.
However, the Amazon Store Card does require a good credit score to be approved.
So if you’ve filed for bankruptcy in the past, your chances of being approved are slim.
That being said, it’s still possible to be approved for this card after bankruptcy, it just might take some time.
Bankruptcy-Friendly Credit Cards
These types of cards can offer an option for rebuilding credit without the added risk and fees associated with traditional credit cards.
- One option is the Credit One Bank® Platinum Visa® for Rebuilding Credit, which offers an unsecured line of credit with reporting to all three major credit bureaus.
- For those looking for a lower APR who have bad credit, the Applied Bank® Secured Visa® Gold Preferred® Credit Card may be a good fit.
- And for those watching their spending, both the Capital One Platinum Secured Credit Card and The First Progress Platinum Elite Mastercard® Secured Credit Card offer no or low annual fees.
Whichever card you choose, make sure to read the fine print and pay off your balance in full each month to avoid potential pitfalls.
With responsible use, a bankruptcy-friendly credit card can help improve your financial standing and reduce stress in the long run.
Conclusion
The Amazon Store Card is a great option for those looking to rebuild their credit after bankruptcy.
However, it’s important to note that approval is not guaranteed. There are a few other bankruptcy-friendly credit cards available that may be a better option depending on your needs.
Have you had any luck getting approved for the Amazon Store Card after bankruptcy? We want to hear from you! Leave a comment below.
