Amazon offers a number of perks on its website, and the Amazon Prime Visa is a very popular one. When customers sign up, they’re able to get larger discounts, and there’s no annual fee.
However, when customers sign up for the Amazon Prime Visa, they may wonder which credit bureau Amazon checks their credit score through. If you’d like to find out, keep reading to see what I learned!
Which Credit Bureau Does Amazon Use?
Amazon will check customers’ credit scores through Chase, which uses credit bureaus such as Experian, Equifax, and TransUnion for its Amazon Prime Visa cards. Amazon will generally only check customers’ credit if they require more information about their identity. Most of the time, however, customers will be approved for an Amazon Prime Visa within minutes.
If you’d like to learn more about how Amazon checks credit scores, if they do a hard credit check, what they check credit for, and more, keep reading for more useful facts and tips!
Does Amazon Use Equifax or TransUnion?
Amazon checks credit scores through the main credit bureaus, including Equifax, Experian, and TransUnion.
According to former customers, they go through Chase when checking credit scores through this sub-bureaus.
Additionally, when Chase goes through these companies, they use the FICO 8 score for all customer’s credit score checks and decisions.
After Amazon processes the check, they decide whether or not the customer is eligible for a Prime Visa based on their overall score.
Customers should note that Amazon will generally only check credit scores if their contact and personal information warrants an identity check.
Therefore, customers are recommended to keep their Amazon account as up-to-date as possible to avoid a delay in Prime Visa approval.
What Does Amazon Check Credit Scores For?
Amazon checks credit scores to determine if customers are eligible for their Amazon Prime Visa and for potential employees whose applications are under consideration.
When Amazon conducts a credit check for customers, they are doing so to confirm the identity of the customer if they didn’t have sufficient information, which is generally done for credit card applications.
As well, when Amazon does a credit check for potential staff, they are doing so as part of a thorough background check, which may include a criminal record check, consumer report, and similar perusals.
What Credit Score Do You Need to Get Approved by Amazon?
In order for Amazon to approve a credit check, customers and potential employees must attain a score of 640 at the lowest. If customers have a score of 700 or higher, Amazon almost always approves applications.
However, If the score is lower than 640, Amazon may be required to reject credit card and employment applications.
Additionally, Amazon will only process a credit card check if the customer or employee is 18 years or older and holds a valid ID and SSN.
If a customer does not have these criteria, they will be automatically rejected.
Does Amazon Do a Hard Credit Check?
When Amazon conducts checks for their potential staff, they usually do a hard check for credit, criminal records, and other similar perusals to ensure that the employee is hiring is a reliable and safe hire.
However, Amazon does not generally do in-depth credit checks for their customers or sellers unless they require more information about their identity or if they are dealing with a fraudulent case.
Therefore, customers who are applying for an Amazon Prime Visa are recommended to keep their personal information on Amazon up to date in order to prevent an unnecessary delay in their application process.
Additionally, potential staff members of Amazon should be aware of the types of credit and background checks Amazon conducts in order to be prepared for any uncovered information.
Does Applying for an Amazon Credit Card Hurt Your Credit Score?
When customers first receive their Amazon Prime Visa, their credit score may drop slightly for a short period of time, which should not affect customers in a major way as long as they are not making large payments such as purchasing a mortgage or applying for a loan.
However, after the initial drop-off, Amazon Prime Visa customers should expect their credit utilization to improve, as having a Prime Visa as an additional credit card will help to increase a customer’s total available credit!
Amazon goes through Chase when checking credit scores, which checks through Equifax, TransUnion and Experian, the three main credit bureaus.
Amazon conducts credit checks both for customers applying for a Prime Visa as well as potential staff.
Amazon will usually only conduct credit checks on customers if they require additional information for their identity.
However, potential staff members will receive a credit check in addition to other background checks before Amazon can approve their job application.