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ELI5: The benefits of having a credit card
If you are fiscally reponsible and pay the card off at the end of every month credits cards can be a good deal.
Many cards offer cashback or reward schemes, so as long as you never go into the red you can benefit more than if you just used a debit card. Additionally credit cards offer greater guarantees on purchases - if you book a holiday but the travel company goes bust you can claim the money back from the card company.
Additonally it is good to know that the credit is there in case of emergency
If you are not fically responsible then credit cards are a terrible idea and you shouldnt have one
More on reddit.comDoes the Amazon Prime credit card help build credit?
All versions of the Amazon Prime (and non-Prime) credit card can help you build your credit, as long as you practice good financial habits like paying your bill on time and keeping your balance low.
What bank issues the Amazon Prime credit card?
The Amazon Prime credit card (and the non-Prime version) is issued by Chase and the Amazon Store cards and secured cards are issued by Synchrony. The Amazon business cards and issued by American Express.
What credit score do you need for the Amazon Prime credit card?
You'll typically need a good credit score (670+) or higher to qualify for the Prime Visa or Amazon Visa. However, you may be eligible for the Amazon Store Card or Amazon Prime Store Card with a lower score.
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I’ve been a prime member for a long time, definitely use it often. Right now they’re offering $200 gift card into account as offer. Is this card a no brainer and definitely worth having for an Amazon prime member? Also I do have another Chase credit card already so would I just sing into my chase account to pay the card and I’ll see both my credit cards? Does my other chase cash back card and this cash back card all stack or do I have to transfer the points from Amazon to chase then redeem cash back? Thank you.