Or something.
From PYMNTS:
Amazon is linking with Synchrony Financial to offer a new credit card for Amazon Prime members who have bad credit.
As reported Monday (June 10), the card, known as “Amazon Credit Builder” will let users build up their credit profiles through the use of a secured card, and the firms also will offer budgeting tools. Upon establishing credit, those users can obtain other Amazon cards, which may be unsecured cards.
Secured cards require that individuals deposit $500 in an account to secure cards with commensurate credit limits.
In an interview with the news outlet, Tom Quindlen, Synchrony executive vice president and CEO of retail card operations for the bank, said that “There’s always going to be people that we can’t give credit to — this is a large population that we weren’t able to reach. It’s a new segment of the market.”
Among other features of the card are perks such as 5 percent cash back on purchases,...MORE
