Amazon Platinum Mastercard review November 2019

If a significant chunk of your paycheck goes Amazon's way each month, then this points-earning loyalty card could make your money go a little further.

Finder rating: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 21.94% (variable) p.a., your representative rate is 21.9% APR (variable).

21.9%

Representative APR

£0

Account fee

Up to 2,000 points

Intro bonus

Earn 1 point

per £4 spent

Details

IssuerNewDay Ltd
NetworkMastercard
Annual/monthly fees£0
Balance transfers21.94%
Balance transfer fee5%
Purchases0% for 3 months reverting to 21.94%
Purchases interest-free periodUp to 56 days
Cash advances31.94%
Min. credit limit£500
Max credit limitNot specified
IncentiveEarn 1.5 Amazon reward points per £2 spent at Amazon.co.uk. Earn 0.5 Amazon reward point per £2 spent elsewhere. Whenever your Amazon reward points reach 1,000 a £10 Amazon.co.uk Gift Card will be automatically linked to your Amazon.co.uk account. For Amazon Prime members - earn 3 Amazon reward points per £2 spent at Amazon.co.uk and earn 0.5 Amazon Reward point per £2 spent elsewhere.

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

Amazon has teamed up with the established card issuer New Day (the brand behind a number of UK retail-affiliated cards) to offer this straightforward but rewarding deal. In fact, ever ahead of the curve, Amazon started offering a credit card long before fellow US behemoth Apple jumped on the plastic bandwagon.

What makes this card more appealing than many other retail credit cards, is the simple fact that Amazon is, um, doing rather well. To get the best out of any branded loyalty card, you need to be a very regular customer, which, in Amazon’s case, is pretty much everybody.

The easy mistake with rewards credit cards, however, is not paying off your balance in full each month. Sounds obvious right? But if you don’t, you’ll pay more in interest than you earn in rewards. If you need to spread the cost of a large expenditure, there are plenty of more suitable cards available.

Buried in the small-print for this card is the minor detail that if you’re signed-up for Prime, you’ll earn points on Amazon spending at double the rate (each Amazon Reward Point is worth a penny) – a fairly significant perk given the way that Prime membership seems to be fast-becoming the norm.

Pros and cons

Pros

  • Earn Amazon Reward Points on purchases though Amazon or elsewhere.
  • Amazon gift card for new cardholders.
  • Increased points earn-rate for Amazon Prime customers.
  • 0% on purchases for introductory period.
  • No annual fee.

Cons

  • Foreign transaction fees.
  • Balance transfer fee.

How does this card compare with other rewards cards on the market?

Amazon’s card

Updated November 21st, 2019
Name Product Max. intro bonus Earn-rate with brand Default earn-rate Annual/monthly fees Rep. APR Incentive Representative example
2,000 points
1 point per £1.33 spent
1 point per £4 spent
£0
21.9% p.a. (variable)
Earn 1.5 Amazon reward points per £2 spent at Amazon.co.uk. Earn 0.5 Amazon reward point per £2 spent elsewhere. Whenever your Amazon reward points reach 1,000 a £10 Amazon.co.uk Gift Card will be automatically linked to your Amazon.co.uk account. For Amazon Prime members - earn 3 Amazon reward points per £2 spent at Amazon.co.uk and earn 0.5 Amazon Reward point per £2 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 21.94% (variable) p.a., your representative rate is 21.9% APR (variable).

Compare up to 4 providers

The competition

Table: sorted by length of 0% balance transfer offer, promoted deals first
Updated November 21st, 2019
Name Product Max. intro bonus Earn-rate with brand Default earn-rate Annual/monthly fees Rep. APR Incentive Representative example
2,500 points
2 points per £1 spent
1 point per £5 spent
£0
19.9% p.a. (variable)
Double points on spend in M&S for first 12 months (2 points per £1). Then earn 1 point for every £1 spent at Marks and Spencer's and 1 point or every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
500 points
1 point per £1 spent
1 point per £5 spent
£0
19.9% p.a. (variable)
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
5,000 points
1 point per £1 spent
1 point per £1 spent
£0
22.9% p.a. (variable)
Earn 5,000 bonus Membership Rewards points when you spend £2,000 in your first 3 months, and 1 point for virtually every £1 spent thereafter.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
5,000 points
1 point per £1 spent
1 point per £1 spent
£0
22.9% p.a. (variable)
5,000 Avios when you spend £1,000 within 3 months of account opening. Earn 1 Avios for virtually every £1 spent. Spend £20K in 12 months and get 2 for 1 travel when redeeming Avios for a BA reward flight. Earn up to 90,000 bonus Avios points per calendar year, 4,000 points per friend/family member that successfully applies for an American Express card (Excl. Basic card) and uses the Referral Programme.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
£100
1% cashback
1% cashback
£0
22.9% p.a. (variable)
5% after £1 of yearly spend for introductory period of 3 months. 0.5% on £1 to £5000 of yearly spend. 1% after £5001 of yearly spend. Cashback paid Anniversary into Card Account. 5% intro cashback in the first 3 months (max £100). Must spend £3K annually to earn cashback.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
20,000 points
2 points per £1 spent
2 points per £1 spent
Year 1 - £0, Year 2 onwards - £25 per annum
28.2% p.a. (variable)
20,000 Nectar points when you spend £2K within 3 months of account opening. Earn 2 Nectar points for virtually every £1 spent at Nectar partners and elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £25 per annum, your representative rate is 28.2% APR (variable).
£125
1.25% cashback
1.25% cashback
£25 per annum
28.2% p.a. (variable)
5% on £1 to £2500 of yearly spend for introductory period of 3 months. 1% on £1 to £10000 of yearly spend. 1.25% after £10001 of yearly spend. Cashback paid Anniversary into Card Account. 5% intro cashback (max £125).
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £25 per annum, your representative rate is 28.2% APR (variable).
30,000 points
6 points per £1 spent
3 points per £1 spent
£75 per annum
39.7% p.a. (variable)
Earn 30,000 points when you spend £1K within 3 months of account opening. Earn 3 points for virtually every £1 spent. Earn 6 points for every £1 of eligible purchases at participating SPG & Marriott Rewards hotels, until 31.12.2019.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £75 per annum, your representative rate is 39.7% APR (variable).

Compare up to 4 providers

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 (just make sure you have the funds in your current account to cover the direct debit!). 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 credit card

If you’ve been won over by this rewarding card and want to apply, just visit Amazon to complete the secure application form, which takes about 15 minutes.

Before you apply, you’ll be prompted to check your eligibility – this involves a “soft search” of your credit file – meaning it can’t hurt your credit score. You’ll get a clear indication as to whether or not you’d be approved, after which you can submit a full application. As with any credit card, the final application involves a “hard” credit search, which has a small (and usually short-lived) negative effect on your credit score.

With “Instant spend”, provided you qualify, you’ll be able to start using your card at Amazon straightaway – in other words you won’t need to wait for the physical card to arrive in the post.

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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4 Comments

  1. Default Gravatar
    Lee
    May 4, 2019

    On a salary of 55.000 pa
    1. Can I balance transfer
    2. What would be my limit available
    3. Partner earns 36.000 pa can be a name partner on the card.
    Thanks

    • AvatarStaff
      nikkiangco
      May 5, 2019

      Hi Lee,

      Thanks for getting in touch! It’s good to know that you’re looking to do a balance transfer. Your credit limit will be given after you have applied and been approved of the credit card. As a friendly reminder, read the eligibility criteria, features, and details of the card, as well as the Product Disclosure Statement and Terms and Conditions of the card before making a decision and consider whether the product is right for you.

      Hope this helps!

      Best,
      Nikki

  2. Default Gravatar
    Sally
    March 27, 2019

    Will I be charged for a cash advance from cash dispensers?

    • AvatarStaff
      nikkiangco
      March 28, 2019

      Hi Sally,

      Thanks for reaching out! Yes, there is a 31.94% cash advance fee when you use this card. Hope this helps!

      Best,
      Nikki

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