#1
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Amazon Gift Cards for "Applying" for Amazon Credit Card?
I don't get this. Why are they offering $60 gift cards for me to apply for a credit card?
I know me, I'd never use it, might as well just get it, shred it and cancel the account. I've never used a credit card so I don't know all the terms. What am I missing? Why shouldn't I just apply, use the free $60 and shred the card and forget about the account? Link with details http://www.amazon.com/gp/cobrandcard...pf_rd_i=507846
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#2
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They do it because they make money on it. The majority of people that would apply for this card won't shred it and cancel it, also you should check to see if there are any terms on canceling it before a certain time has elapsed since it had been open.
Also I like your sig | ||
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#3
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they also sell your info from it
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#4
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I've read somewhere that applying for credit cards can lower your credit score. I have no evidence to support this, I've just seen it multiple times. Something to think about.
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#5
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Quote:
However the average age of your accounts also plays a role in your overall credit score. So by opening a new account which is 1 day old, this will lower the average age of the total, which can then lower your score. This is why if you open accounts, it is recommended to leave them open with a $0 balance, so they grow old and eventually raise your score. Opening and then closing an account will usually have a negative impact on your credit score, because that account will bring down the average age of your remaining accounts. | |||
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#6
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Eh fuckit, I applied to save $60 off last night's purchase. Card will sit in a closet and collect dust, I don't carry credit cards.
Hope nothing terribad happens, I just got 5 lbs of whey protein free if not [You must be logged in to view images. Log in or Register.]
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#7
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Where are you seeing $60? I only see $30 - was there a promo?
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#8
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Applying for a credit card DOES negatively impact your score slightly, and that sort-of makes sense because it prevents you from applying for (and getting) 100 cards with an aggregate available credit line that you have not proven you can manage. After the 4th or 5th inquiry in a close time span, your rating will probably be impacted enough that you won't get approved for any more cards, or the credit line/APR you get will be so bad that it's not worth the application process anymore.
If this is the only card you've applied for in a while, then it will probably have a marginal impact on your actual score, if any. The good news is: after a while of proving you can manage that credit card, your score should improve overall because you have more available credit to your name and therefore a lower debt/credit ratio. They (the card company) are, of course, hoping and assuming that you will fuck up and leave a balance on the card, and that's when the fleecing begins. | ||
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#9
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I don't know about you guys, but I buy almost everything through Amazon it seems. Might not be a bad idea to have one and start racking up some of them there points... =D
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#10
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