Amazon Platinum Mastercard: Amazon Shopper's Delight?

The Quick Version

The Amazon Platinum Mastercard offers a 1.5% rewards rate on Amazon purchases and 0.75% elsewhere, with no annual fee. However, the 24.9% variable APR could sting if you carry a balance. This card is tailor-made for regular Amazon shoppers who pay their balance in full each month.

Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.

The Fine Print

The Amazon Platinum Mastercard comes with a 24.9% variable APR and no annual fee. You'll earn 1.5% back on Amazon purchases and 0.75% everywhere else. A modest £15 sign-up bonus is available, but don't expect any additional perks like travel rewards. According to Amazon's official page, the card has no foreign transaction fees, making it a decent choice for international online shopping.

What's Actually Good

This card shines for Amazon enthusiasts. The 1.5% rewards rate at Amazon is a solid reason to consider it if you frequently shop there. Plus, the lack of an annual fee keeps it affordable. No foreign transaction fees mean you can shop globally without extra costs.

The Catch

The downside? That 24.9% APR is brutal if you don't pay off the balance monthly. The rewards rate is underwhelming outside of Amazon, just 0.75%. Also, the £15 bonus isn't going to blow anyone away. If you want to maximize rewards, look elsewhere.

Who Should Apply

This card suits frequent Amazon shoppers with a good credit score (700+). It's best for those who pay off their balance every month and want to avoid annual fees. If you spend heavily outside Amazon, seek cards with broader rewards programs.

The Bottom Line

If you're deep into the Amazon ecosystem and pay your balance in full, this card makes sense. But for broader rewards or lower APR options, it's not the best pick. Curious about other cards? Check out the NatWest Reward Card to see if its £24 annual fee is justified.