Amazon Offers 'Virtual' Credit Card

Share this article:
Amazon.com has introduced the Amazon Credit Account, which it likes to call a cardless credit card, for shoppers on its Web site.


Much like a department store credit account, the Amazon Credit Account lets shoppers buy merchandise on the Amazon.com site and be billed for it later.


The company said the new account lets customers without bank accounts or credit cards shop on its site. To start the service, Amazon is offering people who register for an account three months of no payments and interest-free holiday shopping for orders of more than $200 until Jan. 31. Customers can sign up for an account at www.amazon.com/credit.


The account is offered in conjunction with Citi Commerce Solutions, a division of Citibank Cards. The service is administered by Amazon subsidiary Amazon.com Financial Services Inc.


An Amazon Credit Account carries an annual percentage rate of 22.90 percent and is available only to individuals in the United States, not businesses. It cannot be used for purchases made from Amazon Marketplace, Auctions and zShops or for Circuit City merchandise sold on Amazon.com. It also cannot be used to buy gift certificates or place deposits on cell-phone service.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Opinions

The Best Birthdays Are Multichannel

The Best Birthdays Are Multichannel

The "best" birthday greetings aren't always the ones with the biggest deals.

Making Way for New Marketing Technology: Answers

Making Way for New Marketing Technology: Answers

The VP of marketing had backing from his CMO for new software, but the CIO had a different vision. How should he handle it? See how our readers would tackle ...

Becoming "Resource Full"

Becoming "Resource Full"

Stand out from the competition by being a go-to content source for buyers.