I’ve been meticulously checking the sites that my traffic has been coming from the last few days, so that I can thank all of the people that have been linking me. It’s a tad bit on the obsessive side, but I want to make sure people know how grateful I am. While doing this, I noticed one visitor came upon the site by doing a Google search for “amazon visa $30 off. Is there a catch?”
I don’t know if you’re still around, Google-searching-visitor, but I wanted to answer your question. Yes, there is a catch. The catch is that you’re applying for a credit card! I don’t know how much you looked into the offer, but I’m going to explain everything I know about the card from having it for the past year and half.
When you look at your shopping cart on Amazon.com, they’ll try and tempt you by saving “Save $30 on this order by signing up for an Amazon.com Visa!” But is this a good idea? The answer: absolutely maybe. (Yeah, I stole the term “absolutely maybe” from Stephen Colbert.)
If you’re already in the market for a credit card, like I was when I got this card, then it might be a good idea – if you shop at Amazon a lot. The card offers Amazon points for every dollar you spend – 1 point per dollar for normal purchases, and 3 points per dollar spent at Amazon. When you reach 2500 points, Amazon will automatically mail you a gift certificate to their site for $25. In other words, it’s 1% “cash” back on normal purchases, and 3% on Amazon purchases (including money spent on shipping!).
This is good if you’re a regular Amazon shopper. But if you rarely shop at Amazon, your return is only going to be 1% – you can find cards with better rewards than that, cards that offer 3% on groceries, gas, and other everyday purchases.
The card carries no annual fee, by the way. The interest rate is 0% for the first six months, including balance transfers and purchases – after six months, it will be about 17%, which is variable, although I will say it hasn’t moved in the time I’ve had it, for what that’s worth.
There are actually three versions of this card, but from what I can tell, they’re exactly the same. Besides the regular version, they also offer a student card and a business card. I don’t think they offered these at the time I signed up, or else I would have applied for the student card. They really aren’t functionally any different, they might have different designs on the actual card, I really don’t know.
If you apply for the card during checkout, it will apply the $30 off to your purchase immediately. If you apply any other time, it will credit your first bill for $30 – so if you spend $30 on the card the first month, your bill will be for $0.
So, back to the catch? It’s a credit card! If you’re not responsible with credit, then it’s a big catch. Can you still get this card for the $30 off if you’re bad with credit? Yes, but you have to do it very carefully. Get the card, get the $30 off, pay any extra on your bill when it comes, and CUT UP THE CREDIT CARD WHEN IT COMES AND NEVER USE IT (or use some other method for not using your card). If you use it anyways, and get yourself into trouble, it’s not my fault. I told you how it is!