Amazon Classic Mastercard review 2020

Last updated:  

Designed for less-than-perfect credit scores, the Classic card could be your “stepping-stone” to better rates.

Finder rating: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 29.95% (variable) p.a., your representative rate is 29.9% APR (variable).

29.9%

Representative APR

£0

Account fee

3 months

0% interest on purchases

Up to 56 days

Interest-free each billing period

Details

IssuerNewDay Ltd
NetworkMastercard
Annual/monthly fees£0
Balance transfers29.95%
Balance transfer fee5%
Purchases0% for 3 months reverting to 29.95%
Purchases interest-free periodUp to 56 days
Cash advances39.94%
Min credit limit£500
Max credit limitNot specified
IncentiveBe upgraded to the Amazon Platinum Mastercard if you make at least one transaction a month, make repayments on time and stay within credit limit in the first 12 months..

Expert review

Chris Lilly

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.

Expert review

For Amazon devotees (and who doesn’t that include?) with lower credit scores, this “credit builder” is a straightforward option with a couple of interesting hooks.

What sets it apart from similar cards is its “Instant credit” feature, which means that you don’t have to wait for the physical card to land on your doormat – you can get spending straightaway (albeit only on Amazon). It’s a facility that should probably be seen as a bonus though – and not as the main reason for getting the card.

Credit builder credit cards are typically easier to get approved for, but come with higher interest rates. That means that they’re better used as a “stepping stone” to credit products with better rates. In other words, you should use a credit builder card responsibly, and then, as soon as you’re eligible, apply for a better card.

While some card issuers hope that you’ll forget to switch to a cheaper product, Amazon will automatically upgrade you to its Platinum Mastercard after a year, provided you use the Classic card responsibly (but regularly). That means using your card at least once a month, making repayments on time, and staying within your credit limit.

You should also aim to clear your balance in full each month if possible. Do that, and you’ll be able to take advantage of up to 56 interest-free days each billing cycle (if you don’t clear your balance each month, interest is charged from the day you make a purchase).

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Promoted

Pros and cons

Pros

  • Three months to spread the cost of purchases
  • No annual fee

Cons

  • Relatively high balance transfer fee
  • Only available to existing customers

How does this card compare with other credit builders?

Amazon’s card

Data indicated here is updated daily
Name Product Annual/monthly fees Min credit limit Max credit limit Minimum income Rep. APR Incentive Link
Amazon Classic Mastercard
£0
£500
Not specified
Not specified
29.9%
Be upgraded to the Amazon Platinum Mastercard if you make at least one transaction a month, make repayments on time and stay within credit limit in the first 12 months..
Representative example: When you spend £1,200 at a purchase rate of 29.95% (variable) p.a., your representative rate is 29.9% APR (variable).
More Info
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Compare up to 4 providers

Other credit builder credit cards

Table: sorted by representative APR, promoted deals first
Data indicated here is updated daily
Name Product Annual/monthly fees Min credit limit Max credit limit Minimum income Rep. APR Incentive Link
TSB Classic Credit Card Mastercard
£0
£500
Not specified
Not specified
26.9%
Representative example: When you spend £1,200 at a purchase rate of 26.95% (variable) p.a., your representative rate is 26.9% APR (variable).
More Info
Tesco Bank Foundation Card
£0
£100
Subject to status
£5000
27.5%
Collect 1 Tesco Clubcard point per £4 spent (£4 minimum) in Tesco and 1 Clubcard point per £8 spent (£8 minimum) outside Tesco in each purchase transaction.  Must have available credit to collect Clubcard points. Clubcard points are turned into Clubcard vouchers every 3 months or sooner using Faster Vouchers. Clubcard vouchers can be used in Tesco or with Clubcard Reward Partners to get even more value on dining out, hotel stays and travel.
Representative example: When you spend £1,200 at a purchase rate of 27.542% (variable) p.a., your representative rate is 27.5% APR (variable).
More Info
Vanquis Bank Chrome Credit Card
£0
£250
Subject to status: £1,500
Not specified
29.5%
Representative example: When you spend £250 at a purchase rate of 29.5% (variable) p.a., your representative rate is 29.5% APR (variable).
More Info
Vanquis Bank Aquis Visa
£0
£250
Subject to status: £1,000
Not specified
29.8%
You could get a credit limit increase after your 5th statement and further increases every 5 months, up to £4,000.
Representative example: When you spend £1,000 at a purchase rate of 29.84% (variable) p.a., your representative rate is 29.8% APR (variable).
More Info
Barclaycard Forward Credit Card
£0
£50
Subject to status: £1,200
£3000
33.9%
Buy tickets for up to 3500 selected live events through Barclaycard entertainment and get 5% off tickets per year and exclusive pre-sale tickets on selected festivals with 10% off ticket prices.
Representative example: When you spend £1,200 at a purchase rate of 33.9% (variable) p.a., your representative rate is 33.9% APR (variable).
More Info
118 118 Money Guaranteed Rate Card
£0
£500
Not specified
£8400
34%
Representative example: When you spend £1,200 at a purchase rate of 34% (variable) p.a., your representative rate is 34% APR (variable).
More Info
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Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

Repayment options

When it comes to repayments, you can make manual repayments online or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

How to apply for the Amazon Classic Mastercard

If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.

Finder credit card ratings

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Our team evaluates credit cards to determine their value against similar products on the market.

We look at the how good the card is for its designated purpose – spending abroad, clearing debt, earning air miles, etc – how costly it is to use day-to-day and whether it offers much in the way of extras. Learn more about our credit card rating methodology.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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