This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
You can buy just about anything on Amazon, from clothes to furniture. There are times when you might want to pay for something over a longer period of time. There are a lot of options, and many of them can help you avoid interest and fees that can add up quickly.
Does Amazon have payment plans?
Amazon does offer payment plans, which may surprise some shoppers. Installment payment plans are available through Amazon, Amazon-branded credit cards, or a third party.
If you want a way to pay that doesn’t cost you anything, you should use the Amazon Monthly Payment Plan, an Amazon store card with a 0% introductory APR, or a credit card with a 0% introductory APR.
There are a few ways to pay for your Amazon purchases
Whether you want to spread out your payments as long as possible or pay no interest, there are several ways to pay for something on Amazon.
Amazon Monthly Payments
One of the first programs you should think about is Amazon Monthly Payments, if it is available for the item you want to buy. With Amazon Monthly Payments, you can spread out your payments over four months.
With this program, you can choose to pay each month when you check out. Once the item is chosen, Amazon divides the cost into five payments. The first payment is due when the product ships, and it covers all shipping, handling, and taxes. Every 30 days, your account will be charged for four equal payments, which add up to about 20% of the total price. Also, there are no fees or interest charges for using this method of payment.
The great thing about this program is that it doesn’t depend on your credit score, so no credit check is needed. Amazon decides if you’re eligible based on how much you’ve bought from them in the past and how much the item costs.
>>More on Amazon Monthly Payments…
Amazon credit cards
You might need a little more time to pay for your purchase, or the item you want might not be eligible for Amazon Monthly Payments. If so, the Amazon Equal Pay or Amazon Special Financing options through Synchrony’s Amazon Store cards or Chase’s Amazon Prime Rewards Visa Signature Card could be an alternative.
>>See the Amazon Prime Store Card bonus…
Amazon Equal Pay
You could be eligible for Amazon Equal Pay if you have an Amazon store card or Amazon Visa credit card, or if you open a new account. This plan lets you pay for a purchase over a period of six to twenty-four months with equal payments and no interest charges.
>>More on Amazon Equal Monthly Payments…
Amazon Special Financing
Amazon Special Financing is just a way to pay for things without paying interest right away. It could be useful if you’d rather make one big payment than pay the same amount every month. With this financing option, you can get a 0% APR for six to 24 months, depending on the size of your purchase. If you pay off your account balance before the end of the promotional period, you won’t have to pay any interest.
More ways to pay for things on Amazon
Citi Flex Pay
Those with a Citi credit card that is eligible for Citi Flex Pay can pay for certain Amazon purchases over time with either 0% APR or a low interest rate, depending on the payment plan. Citi will let you pay for Amazon purchases over $50 over a period of three to 24 equal monthly payments.
Amex Pay It, Plan It
Like Citi, American Express cardholders can choose their own payment plans. Through the Pay It, Plan It program from American Express, you can pay for purchases of $100 or more over time. You’ll have to pay a fee every month, but you won’t have to pay any interest.
After making a purchase with an eligible American Express credit card, all you have to do is log in to your Amex account and choose which purchase you’d like Plan It to cover.
Credit cards with an introductory APR of 0%
Cit and American Express are two companies that offer flexible payment plans, but you could also choose a credit card with a 0% introductory APR to pay over time. There are a lot of credit cards that offer long promotional periods to attract new customers.
Buy now, pay later plans
With Amazon Monthly Payment, you can buy something now and pay for it later. But if your product doesn’t have it or it doesn’t meet your payment needs, you could choose a third-party BNPL provider. Here are a few options:
Affirm
Affirm offers several ways to get a loan, and some of them give you up to 48 months to pay it back. Affirm gives you options, but not all of them include interest-free financing. Also, depending on the type of loan, Affirm may do a hard check of your credit, which could affect your credit score.
Klarna
With Klarna, you can buy things now and pay for them later. You can do this by downloading the app or adding the browser extension. Klarna lets you pay for a purchase in four equal installments, each of which is due every two weeks. Klarna only does a soft credit check, which doesn’t hurt your credit score. >>See the Klarna offer
Bottom Line
People who shop on Amazon might not realize how many ways they have to spread out their payments. It’s never been easier to find the right Amazon payment plan for your budget, as long as you know how much you want to pay off and can keep track of when payments are due.
Earn cash back by using a shopping portal at your favorite merchants, including Amazon. Popular ones include Rakuten, TopCashback and RebatesMe. They all have sign up bonuses also. See more cash back shopping services here.
Read more: See more ways to save at Amazon here…
