Amazon Launches New Credit Card with Synchrony Financial

Amazon has partnered with Synchrony Financial in order to launch the Amazon Credit Builder which targets customers who have no credit history or poor credit; the program is separate from Amazon’s current card offerings which targets more prime consumers; the card offers 5% back on purchases similar to the Amazon Store Card also features tools to help cardholders understand how to build their credit; in order to serve this customer base the card is a secured card which requires deposits of $500 and also comes with a $500 credit limit. Source

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