The Chase Amazon Prime card is one of the newest cards from Chase. This new card allows cardholders to save on airfare, car rentals and hotels in over 40 countries around the world. While this is definitely a welcome benefit for those who live outside the United States, this card does have some drawbacks that you should be aware of.
The first major drawback of the Chase Amazon Prime card is that it does not provide any form of reward point program. This means that if you do not use the card, you will not get any sort of cash back. In fact, if you do not use the card at all, there are no annual fees or balance transfer fees to worry about. This can be disappointing when you realize that this card comes with a 0% intro APR for six months, so if you can't stand the idea of paying hundreds of dollars in interest each year, this might not be the card for you.
Another major drawback of this card is the fact that it has a low credit score. Because this card comes with a low credit score, it limits the amount of money that you can spend each month without incurring more interest. This can limit you on where you want to travel and what you can buy in order to make sure that you only use the card to the fullest extent that it can. This means that even if you are only going to purchase books or magazines, it can be difficult to make your purchases in a timely manner.
The only way to boost your credit score is to pay off as much of your balance as possible each month. The best way to do this is to use your card for everything that you normally would. By charging small amounts of money each month, you can slowly build up a large amount of money that you can use to pay off your card balance. This is an important step in lowering your credit score because once you begin building a sizable balance, it is going to be hard to pay off.
The biggest drawback of this card is that there are limits on the amount of cards that you can obtain. While this is a restriction that might not apply to everyone, it certainly does apply to those who want to use the card to purchase items that they want to travel with. For example, if you are traveling to other countries, such as the United States, it might be difficult to use your card on international flights because it is not accepted. If you purchase a hotel room in an international destination, it may be more difficult to use your card there. This means that you might have to make other arrangements to fly back home or take a flight to use the card.
In summary, the Chase Amazon Prime card is a good card for those who want to travel on a budget. However, you may find that it isn't suitable for those who travel frequently or those who enjoy purchasing large items like hotels or cars.