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by deadmik3 2559 days ago
5% back on only Amazon with a $120 annual fee (prime) is not very good.
4 comments

Most secured cards have no rewards and many have a yearly fee. If you have prime anyways it's an amazing deal.
Sure, if you weren't otherwise gonna get Prime, you'd have to spend $2400/year to break even. If you're one of Amazon's millions of Prime subscribers, it's a no-brainer.
The target demographic might overlap with the set of people who are candidates for discounted prime membership.
Plus 28% APR, though I can't imagine holding a balance on a secured card.
Secured cards are held by irresponsible people who carry balances. Otherwise they would get unsecured cards.
Holding a balance does not mean you're irresponsible, it just means you will be paying interest.