Amazon just launched a new credit card…this is what it is, how it works, and whether or not it’s worth it to get. Enjoy! Add me on Instagram: GPStephan The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF Merch: http://www.GrahamStephanStore.com/ My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB This card Credit Card, aimed at people with either no credit history, very bad credit history, or those who want to start BUILDING up their credit score. Or, in layman’s terms…it’s basically just their version of a secured credit card: Link to the $40 Gift Card Offer: https://www.amazon.com/iss/credit/creditbuilder?pr=conplcc Here’s how this works: Credit Cards are given to people who have a proven track record of being able to repay their debts…this could be in the form of an auto loan, a mortgage payment, or most commonly…money spent on a credit card. But here’s the weird catch-22 that makes absolutely no sense in our backwards credit scoring system…in order to GET credit, you must first HAVE credit. But no one will GIVE you credit, unless you already HAVE credit. The solution to this, for anyone who wants to build up their credit score, is by getting a secured credit card. That is what Amazon decided to go for, and here’s how their card will work: First, you’ll determine what your credit limit will be. This just depends on how large of a deposit you submit…you can give them anywhere from $100 to $1000, and that will be your new credit line. Second, after you get your credit card, just make your payments on time. It sounds common sense…but I need to say this. Always pay your credit card on time. This will will help build your credit score. Third, after 7 months, your account will be reviewed to see if you’re eligible for an upgrade to an unsecured card. If this happens, your deposit will be returned and you’ll just graduate to the “normal” Amazon Prime Credit Card - potentially with a higher credit limit. Now what makes this one DIFFERENT from almost every other secured credit card out there, is that they actually give you a small sign up bonus and some perks: First, you’ll get a $40 gift card for signing up Second, you’ll get 5% back on Amazon purchases if you have Amazon Prime And third…it’s not really a perk, but there’s no annual fee. So being free is nice…I always like free. But now, here’s the TRILLION DOLLAR Amazon question…how good is this card, compared to what else is already out there? For instance, we have my personal favorite that I always recommend to everyone here just building their credit: The Discover It Secured. This one gives you unlimited 1% cash back on all purchases, and 2% cash back at gas stations and restaurants. With a $0 annual fee. So when you compare the Amazon Credit Card with the Discover It Credit Card…I actually think The Amazon Card is now a slightly better choice, IF you do a lot of shopping on Amazon. And overall..like I said, I think it’s a decent card. If you’re just building your credit score, I’d RECOMMEND getting this card…and that’s something I don’t say often, besides with the Discover It Secured. And the fact that they offer better cash back AND a sign up bonus of a $40 gift card makes it better than the Apple Credit Card purely from a rewards standpoint, especially if you shop on Amazon…and you have no credit to begin with. For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness@gmail.com