Amazon Platinum MasterCard: Benefits & Tips

If you are a regular Amazon shopper, then having an Amazon Platinum MasterCard, could be worth your while. Even if you are not a regular Amazon shopper, you can benefit as well.

Having a credit card allows you to access the things you need, at payments you can afford. It also comes in handy for emergency purchases as well.

What is Amazon Platinum MasterCard?

The Amazon Platinum MasterCard is a credit card you can use to shop on Amazon as well as other places. The best part is that there are no annual fees! Additionally, you earn Amazon reward points, when you use the card. You can then use these reward points to get discounts on or purchase other items on Amazon.

Now, keep in mind that this is a credit card, so of course you’ll have to pay interest, if you aren’t paying the full thing off each month. However, you don’t pay interest on any of your purchases for the first three (3) months. So that’s pretty cool.

In summary, the card functions just as any other credit card, but with no annual fees, so that’s’ absolutely a plus. In addition to which, it can be used anywhere the card is accepted. So you can earn reward points quickly and easily.

Who is this Platinum MasterCard for?

This Amazon MasterCard is available to Amazon UK customers. It matters not whether you are a Prime member or not. If you don’t have an Amazon Prime membership, why not access a 30-day FREE trial and see how you like it?

Okay, so the qualifying criteria for this MasterCard is as follows:

• You must be 18 years or over
• Have a regular income
• Be a permanent UK resident and have lived in the UK for at least 12 months (unless you are HM Armed Forces Personnel)
• Have a current UK bank account, and
• A mobile phone number

Credit is offered by NewDay Ltd and of course you want to be familiar with the terms of service. Standard operating agreement would apply as with any credit card service.

Amazon Platinum MasterCard Benefits

• No annual fee
• Can be used anywhere
• Amazon reward points
• Reliable and safe credit card
• High security
• Easy to use
• Plenty of notice for due payment

How to Apply?

Keep in mind that this credit facility is being offered by NewDay Ltd, so to find out if you’ll be approved, you’ll be taken to NewDay’s Ltd website to fill in the standard required information. Doing this does not affect your credit in any way. Some of the required information is as follows:

• Name
• Date of birth
• Marital status
• Contact information (email & phone)
• Residential status
• Employment & spending
• Dependents
• Etc.

That’s standard information for any credit card application. Once you’ve filled out the required information, click on the ‘Check my Eligibility’ button to find out if you are eligible to apply for the MasterCard. Then you take it from there.

Once you are eligible, you then go through the application process. Once you apply, you can get your application status immediately. Customers who get instant approval, get £500 initial credit limit instantly.

What You Get

Apart from the above benefits, here’s what you get with the Amazon Platinum MasterCard:

• New cardholders get a £10 Amazon.co.uk Gift Card
• Reward points:
  • For every £2 spent on Amazon.co.uk, you’ll earn 1.5 Amazon Reward Points
  • Per £2 spent everywhere else, you’ll earn 0.5 reward points
• 0% interest for the first 3 months
• Every 1,000 points = £10 Amazon.co.uk Gift Card
• No annual fees
• Assumed Credit Limit £1,200

Credit Card Tips & Hacks

Please bear in mind that this is a credit card so you need to use it responsibly. Now, I don’t know about you, but when it comes to credit card interest, I try to avoid having to pay any. The quickest way to pay off credit card debt is to avoid it all together.

So tip number one is to pay your credit card balance in full if you can.

If you don’t pay the balance in full, then be prepared to pay interest. But please understand how this works. If you don’t pay the balance owed in full, then interest will be calculated on your outstanding balance plus any new purchases made during the period before your next credit card bill.

Credit card interest payments are not pretty at all. In some cases, the interest can exceed the actual principal amount outstanding.

The second tip is to pay more than the minimum balance.

If you can’t pay the full balance, than pay more than the minimum amount. Paying just the minimum amount means you’ll take a longer time to pay off the credit card debt. The longer you take to pay off your credit card, the more interest you’ll be paying over time.

So if you pay more than the minimum payment, you’ll pay off the debt quicker and pay less interest in the long run.

The fact that, this MasterCard has no annual fee, makes it very attractive. In addition to which, if you shop on Amazon regularly, it makes sense to get yourself one. The more you shop, the more rewards you get.

However, keep in mind that while a credit card is great to have, you need to manage it wisely to capitalize on the benefits it provides.