does amazon still offer payment plans?

If you want to spread out your Amazon purchase over time, an Amazon payment plan may offer a solution

Certain items sold on Amazon may qualify for an Amazon payment plan, which lets you split up payments over five months. But not all customers or products qualify.

Let’s take a closer look at how Amazon payment plans work.

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How to qualify for an Amazon payment plan

To use an Amazon payment plan, you’ll have to meet the following conditions to qualify:

  • Reside in the United States
  • Have an active Amazon account that’s at least one year old
  • Link a valid credit card to your account
  • Demonstrate a good Amazon payment history

There’s also some fine print regarding eligible products that qualify. Amazon monthly payment plans may only be available for new products sold and shipped by and certain refurbished products sold and shipped by Amazon Digital Services. Also be aware that an Amazon payment plan may not be available to every customer and may not be available to you for all qualifying products.

And you can only finance one product per category at a time. For example, if you’re looking to use the monthly payment option for a Kindle e-reader and an Alexa-enabled device simultaneously, you’ll be out of luck since they’re both part of the “wireless products” category.


Know the Types of Available Amazon Financing

There are several types of Amazon financing available.

1. Amazon Store Card:

If you are not an Amazon Prime member but you still shop on Amazon a great deal or are looking to make a large purchase, this is the card for you. There are three significant downsides to this card, though:

  1. Just like other store cards, the Amazon Store Card can only be used on Amazon purchases.
  2. This card does not come with any rewards.
  3. It comes with a really high-interest rate- 27.99 percent. In short, for every $100 you spend, you will owe $27.99 in interest.

Fortunately, the Amazon Store Card qualifies for no interest financing, which we discuss in more detail below. Additionally, there is no annual fee, so you save some money in that area. To qualify for the Amazon Store Card, you need:

  1. To be a U.S. resident.
  2. Have a valid social security number or Individual Taxpayer Identification Number (ITIN).
  3. To be at least 18 in most states- 19 in AL and NE.
  4. Typically a credit score of 640 or more.

2. Amazon Prime Store Card:

The Amazon Prime Store Card is the Amazon Store Card with more requirements and more benefits. It also comes with a 27.99 percent APR, but it, too, qualifies for the special financing options discussed below. There is also no annual fee, but it does require a Prime membership that costs between $59 and $119 a year depending on if you are a student or not.

Just like the Amazon Store Card, the Amazon Prime Store Card can only be used at Amazon. Unlike the other card, though, this one earns you 5 percent cash back on your Amazon purchases. If you shop from Amazon enough, the card is likely to pay for your Prime membership- or at least a chunk of it. However, if you do not shop there often and are not already a Prime member, you might want to stick to one of the other cards.

To qualify for the Amazon Prime Store Card, you must:

  1. Be 18 or older and a U.S. citizen.
  2. Have a valid social security number or ITIN.
  3. Have credit clear of any bankruptcies or major issues.

3. Amazon Rewards Visa Signature Card:

This is another great card for those who do not have an Amazon Prime membership but shop at Amazon a lot. The upside to this card is that it can be used anywhere and earns you cash back on all of your purchases. You earn 3 percent cash back for Amazon and Whole Foods Market purchases. All other purchases earn you 1 to 2 percent cash back depending on the category the purchase falls into.

The annual fee varies according to the applicant’s credit and other factors. It can be anywhere from 15.74 to 23.74 percent variable APR. While this is lower than the Amazon store cards mentioned above, the Amazon Rewards Visa Signature Card does not qualify for the special financing options. This means that you begin accruing interest as soon as you make a purchase- there is no interest-free period.

On the upside, though, there is no annual fee and you do earn that cash back. If you can qualify for this card and use it for all of your purchases, you might earn enough cash back to make the interest sting just a little less. Also, if you pay the bill in full each month prior to the end of the billing period, you should be able to avoid the interest entirely.

If this sounds like the card for you, these are the requirements:

  1. Be 18 or older and be a U.S. citizen.
  2. Have a valid social security number or ITIN.
  3. Have an excellent or really good credit.

4. Amazon Prime Rewards Visa Signature Card:

The Amazon Prime Rewards Visa Signature Card is very much like the Amazon Rewards Visa Signature Card, but there are a couple of differences. First, you must have a Prime membership to qualify, and second, you earn 5 percent cash back on purchases from Amazon and Whole Foods Market.

Like the regular Amazon Rewards Card, the Amazon Prime Rewards Card charges no annual fee. However, you have to have a Prime membership to qualify, so you will be paying the membership fees. The variable interest range is the same as with the other card: 15.74 percent to 23.74 percent.

To qualify, you need:

  1. To be 18 or older and be a U.S. citizen.
  2. A valid social security number or ITIN.
  3. Excellent or really good credit.
  4. An active Amazon Prime membership.

5. Amazon Business Prime American Express Card:

The Amazon Business Card is an option for those making business purchases. It is available for those with an Amazon Prime membership and has a unique benefit: You get to choose between earning 5 percent cash back or having 90 days free of interest on your purchases. There is no annual fee, but you are paying for the Prime membership. The APR tends to vary from 14.24 percent and 22.24 percent.

When I say “business purchases” here, I am not just referring to office supplies. This card also earns rewards on travel, fuel, dining, and more. It can also be used through other Amazon services, such as Amazon’s web services and Amazon Business- both excellent companies for business owners. If you spend money on your business at all, you should seriously consider this card.

If you make a lot of business purchases, consider this card. To qualify, you need:

  1. To be 18 or older and be a U.S. citizen.
  2. A valid social security number or ITIN.
  3. Excellent or really good credit – usually above a 670.
  4. An active Amazon Prime membership.

6. Amazon Corporate Line of Credit:

For those who own or manage a company in which there are multiple buyers, the Amazon Corporate Line of Credit is a great Amazon financing option. You can authorize buyers to make purchases on the account. You then have at least 55 days to pay your balance. There is no annual fee and no interest, so it can be an incredible help to business owners. It is important to note, though, that this credit can only be used on Amazon purchases.

Amazon BNPL Retailers

Amazon's BNPL program only works on qualifying purchases made with Amazon, whereas. other BNPL services partner with thousands of retailers.

How To Use Amazon BNPL Online

If monthly payments are an option for a specific item you're purchasing, you'll see it on the product details page. Select it when you add the item to your cart, once it's in your cart, or at checkout. 

When you check out, your initial payment will include not only one-fifth of the purchase amount but also the full applicable taxes and shipping fees. Amazon won’t actually charge your card until the item ships. 

Subsequent payments will occur every 30 days from the shipment date until you've paid in full.

When do I have to make monthly payments to Amazon?

If you choose to pay by monthly payments, Amazon will split the cost of your purchase into 5 separate payments.

Your first payment will be on the shipment date of your product, however be prepared for this to be your purchase date. Your final payment will be 120 days (4 months) after the shipment date.

PaymentDue Date
1st Payment (initial payment)Shipment Date
2nd Payment30 Days from the Shipment Date
3rd Payment60 Days from the Shipment Date
4th Payment90 Days from the Shipment Date
5th Payment 120 Days from the Shipment Date
Amazon Payment Plan Dates

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Amazon Monthly Payments

Monthly Payments is a little-known installment payment tool available on select items for eligible Amazon customers. Billed by Amazon as a way to “Get it now, pay over time,” Monthly Payments allows you to split the cost of an eligible item sold and shipped by Amazon across five months with no interest or finance charges.

With Monthly Payments, the price of your item is divided into five equal installments, with your first payment due when your product ships – that’s 20% of the total price, plus any tax and shipping on the full price of the item. Every 30 days after that for the next four months, you’re charged the remaining balance in equal installments.

You can only use Monthly Payments for one qualifying product in each product category (such as electronics) or Amazon device family (such as Fire tablets and Kindle e-readers) in your cart at time of checkout, and you can only be enrolled in one monthly payment plan per product category.

Here’s a quick look at how Amazon Monthly Payments work, per Amazon’s terms and conditions:

PaymentDue date
Initial payment (plus taxes and shipping)Date of shipment
First payment30 days after shipping
Second payment60 days after shipping
Third payment90 days after shipping
Fourth payment120 days after shipping

To get started with Amazon Monthly Payments, you’ll first need to check if your account is eligible. You can only use Monthly Payments if your Amazon account has been active for at least one year, you reside in the U.S. and you have a valid credit card tied to your Amazon account and a positive Amazon payment history.

Luckily, no credit check is required to determine your eligibility, so you won’t face the temporary credit score drop that comes from a hard pull of your credit report.

While qualifying for Monthly Payments is relatively straightforward, only certain items are eligible for an installment plan. To see if an item is eligible for financing through Monthly Payments, check for the “5 monthly payments” option on the product listing.

Here’s how to make monthly payments on Amazon, step-by-step:

  1. Enable monthly payments for your account. Once you’ve signed in and verified that your account is eligible for Monthly Payments, you’ll need to enable the feature. Visit the Monthly Payments page and click “Enable monthly payments.”
  2. Find an eligible product and select monthly payments. Products eligible for financing through Monthly Payments feature the text “or 5 monthly payments” below the standard price on the product listing. You can choose between “5 monthly payments” and “One-time payment” before you add an item to your cart.Pay your first month, plus taxes and shipping. At
  3. Pay your first month, plus taxes and shipping. At checkout, your Order Summary lists the total cost of your item, the amount you’ll be charged immediately and the remaining balance, which will be billed in equal installments over the next four months.Pay off your remaining balance over the next four
  4. Pay off your remaining balance over the next four months. Every 30 days, your card will be charged an equal portion of the remaining balance.

What other countries offer Amazon Monthly Payments?

Monthly payments are currently offered in United States of America, Canada and the United Kingdom (UK). More information can be found on international programmes on the respective Amazon websites local to each country.

Repayment Options

Amazon offers two types of financing for Amazon Store Cards and Amazon Prime Store Cards: Special financing and equal monthly payments.

Special Financing

With special financing, you pay no interest as long as your purchase is paid off during a set time limit. This time limit depends on the amount of your purchase and currently follows this:

  • $150 or more on– 6 months interest-free
  • $600 or more on– 12 months interest-free
  • $800 or more on– 24 months interest-free

During your interest fee payments, you must still pay the minimum monthly payment, but you can choose how much more to pay each month. As long as your total is paid off before your special financing period, you pay no interest. If you do not have it paid off on time, you will not only begin to accrue interest but will also owe all of the interest that was deferred during your interest-free period.

Equal Monthly Payments

With this option, your total is divided into equal payments- the number of which depends on the total of your purchase. This is a very simple method. If you owe $600 and you have 12 months interest-free, your payments should be broken down to $50 per month. If you make these payments as you should, your purchase will be paid off before the end of your interest-free period. This method is also helpful for budgeting as you know what needs to go out each month.

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