News — Amazon Store Card

Amazon has announced a new store card, Amazon Credit Card For Financially Disadvantaged; that will work similarly to other popular security cards, which banks typically offer young customers or first-time credit card holders. To receive a credit limit, customers will be required to put down the exact monetary amount (between $100 to $1,000) as a deposit. This puts credit in the hands of people in a way that makes managing their money more responsible. This also allows underbanked, or (people that have poor access to mainstream financial services normally offered by retail banks), access to the credit builder. This offers customers higher...