It may be difficult to understand why it is that so many people prefer to have an Amazon rewards card, rather than using the cashback or loyalty cards that are often offered by major credit card companies. After all, these types of cards do not reward good behaviour, and if you use them, you will get nothing more out of your money than what you are spending.
Yet, if you think carefully about how the cards work, you will find that it is very much the same. The only difference is that there is no annual fee charged on these cards, and you do not need to pay monthly membership fees for the access to the card. This means that you are able to earn a lot more interest than you would normally get with a credit card.
This is because the points that you earn from the use of the card do not belong to you as a credit card company. Rather, they are given to you by Amazon, and they will be added up to your total balance when you use the card.
In addition to this, the cards do not charge any monthly balance payment fees, although some charge an annual one. This can make the actual cost of the card higher than a credit card that does charge such a thing.
Another advantage is that you can use these cards at virtually any shop that sells Amazon merchandise and at any of the many outlets in other countries. Amazon has stores throughout Europe, and it has opened stores in South America and Asia too. As the largest e-commerce company in the world, this means that you can be sure that you will get everything that you need from the Amazon website.
If you want to build up a nice credit rating, it will pay to have one of these cards as you do not have to pay any annual fee and you can use the cards anywhere Amazon has an outlet, both online and off. This means that you can quickly build up a good credit score when you are using this card, and you should then be able to build up further savings when . . . . . . using it elsewhere.
You will also benefit from the fact that you can pay off your purchases with the Amazon card, which means that you will avoid having to use your card at a cash point of sale. By paying for your purchases over time, you can avoid using up your available credit on your card, which means that you will be able to build up your balance very easily when you use it elsewhere.
Of course, it is important to remember that while Amazon rewards card is free to use, you will still have to pay for anything that you buy, even if you receive a percentage of the price. This means that you will have to spend a bit more on your spending every month. but this may well be worth it, as the benefits that you will receive will help you to save more money in the long run than you can imagine.