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Stock impact report

Amazon launches new secured credit card for those with bad or no credit [USA TODAY]

Synchrony Financial (SYF) 
Last synchrony financial earnings: 4/21 06:30 am Check Earnings Report
Company Research Source: USA TODAY
Amazon launches new secured credit card for those with bad or no credit CLOSE If you’re have Amazon Prime, you’re getting way more than just quick delivery. Nathan Rousseau smith shows us the little known perks to Prime. Buzz60 CONNECT TWEET LINKEDIN COMMENT EMAIL MORE Amazon this week unveiled a new secured credit card with Synchrony Bank, aimed at customers with bad or no credit history. The The card also features installment and special financing options on certain purchases. It's also the first of its kind, said Ted Rossman, an industry analyst at CreditCards.com. “Secured cards have long been a good way for people to build or rebuild credit, and a lot of banks offer them," he said. "But I've never seen a retailer offering one." Opening the account comes with a $40 Amazon gift card (Photo: Amazon) Is Amazon's card a good choice? Managing a secured card is traditionally a good low-risk way to build positive credit history for those with blemished or no credit, said Matt Schulz, chi Show less Read more
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