If you’re an avid Amazon shopper, you might want to consider getting the Amazon Prime Visa card for its perks and discounts. One thing you might be curious about is which credit bureau Amazon checks your credit score through when you apply.
After doing some research, I found some helpful information to share. So if you’re interested in learning more, keep reading!
Which Credit Bureau Does Amazon Use In 2023?
When you sign up for an Amazon Prime Visa, you may be curious about how Amazon checks your credit score. Well, the answer is that Amazon will conduct a credit check through Chase, which in turn uses credit bureaus such as Experian, Equifax, and TransUnion. This is usually done to verify your identity and ensure that you’re eligible for the card.
But don’t worry, this credit check is usually a soft credit check, which means it won’t negatively impact your credit score. In fact, most customers will be approved for an Amazon Prime Visa within minutes, without any hassles or additional checks.
If you’re interested in learning more about Amazon’s credit checks, including whether they do a hard credit check, what they’re looking for, and other useful information, keep reading for some helpful tips and facts!
Does Amazon Use Equifax or TransUnion?
When applying for an Amazon Prime Visa, the company will check the customer’s credit score through Equifax, Experian, and TransUnion. These checks are done through Chase, according to previous customers. The FICO 8 score is used by Chase when going through the credit bureaus to determine if the customer is eligible for the Prime Visa. It’s important to note that Amazon will typically only perform a credit check if the customer’s information needs an identity verification. That’s why it’s essential for customers to keep their Amazon account information up-to-date to ensure a smooth and speedy Prime Visa approval process.
What Does Amazon Check Credit Scores For?
When applying for an Amazon Prime Visa or a job at Amazon, customers and potential employees can expect a credit check. This is because Amazon wants to ensure the identity of the applicant, and for job applicants, it’s part of the background check process.
What Credit Score Do You Need to Get Approved by Amazon?
To get approved for an Amazon credit check, customers need to have a minimum credit score of 640. However, if customers have a score of 700 or higher, their chances of approval increase substantially.
It’s important to note that Amazon will not process a credit check for applicants who are under 18 years old or do not have a valid ID and SSN. In such cases, their applications will be rejected outright.
It’s always a good idea to keep track of your credit score, as it can affect your chances of being approved for credit cards, loans, and even jobs. If you’re interested in learning more about credit scores, be sure to check out our related articles.
Does Amazon Do a Hard Credit Check?
Amazon performs comprehensive background checks on potential employees, which include credit checks, criminal record checks, and other similar inquiries. This is to ensure that the people they hire are reliable and trustworthy. However, the level of scrutiny is not the same when it comes to customers and sellers. Amazon usually only checks credit scores for customers and sellers if they need to verify their identity or detect fraudulent activities.
To avoid any delay in the Amazon Prime Visa application process, it is recommended that customers keep their personal information up to date on Amazon. For potential employees, it is important to be aware of the types of credit and background checks that Amazon conducts to prepare for any potential disclosures.
Does Applying for an Amazon Credit Card Hurt Your Credit Score?
When you first receive your Amazon Prime Visa, you may notice a slight dip in your credit score for a short period of time. However, this shouldn’t have a significant impact on your overall credit as long as you’re not applying for a loan or mortgage at the same time.
In fact, having an Amazon Prime Visa as an additional credit card can be beneficial in the long run. It can help to increase your total available credit, which can in turn improve your credit utilization rate.
If you’re interested in learning more about Amazon’s policies and services, be sure to check out our related posts on topics such as Amazon’s background check policy, whether or not Amazon offers layaway, and when Amazon pays its employees.
Also Read: Amazon Training Program
Conclusion
When you apply for an Amazon Prime Visa, Amazon checks your credit score through Chase, which in turn checks with the three major credit bureaus: Equifax, TransUnion, and Experian.
It’s worth noting that Amazon also conducts credit checks on potential staff members as part of a thorough background check process.
In general, Amazon only checks customers’ credit scores if they need more information to verify their identity.
Meanwhile, job applicants at Amazon will undergo credit checks as part of their overall background check before they can be approved for a position.
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