Amazon Credit Card versus Trade Republic Card: A Comparison for Investors' Best Choices
New Amazon Credit Card Launches in Cooperation with Landesbank Berlin
Amazon is set to launch a new credit card in the coming weeks, issued in cooperation with Landesbank Berlin (LBB). This new offering joins the Trade Republic card, which has been a popular choice for frequent Amazon buyers.
The Amazon credit card comes with a credit line and offers unlimited 0.5% cashback on all transactions. However, the Trade Republic card stands out for its built-in saveback function, which invests the money earned from cashback in a savings plan of the user's choice.
For savers, the Trade Republic card offers 1% cashback on the first 1,500 euros per month. This increases to 3.75% interest on the capital on the settlement account. The Amazon card, on the other hand, does not have a built-in saveback function and has high interest rates of over 15% if debts are not paid off in full.
The Trade Republic card is a debit card, while the Amazon card is a credit card with a credit line. For the broader public, the Trade Republic card remains the better offer for now. However, for Amazon-heavy spenders who do not require a savings plan, the Amazon card's cashback of up to 2.0% on purchases at Amazon, especially during Prime Day, could be an attractive proposition.
For savers who are also investors with the neobroker, the Trade Republic card remains the better offer, as the money earned from the saveback function is invested in a savings plan of the user's choice. This card comparison can be further explored through platforms like BÖRSE ONLINE's credit card comparison.
In conclusion, both the Amazon credit card and the Trade Republic card have their unique advantages. The Amazon card offers a higher cashback on Amazon purchases, while the Trade Republic card invests the cashback earned and offers a higher interest rate on the settlement account. The choice between the two depends on an individual's spending habits, financial goals, and investment preferences.
