The Amazon Business Prime card, issued by American Express, is designed to give business owners more flexibility and rewards for their spending. Whether you frequently shop on Amazon or need a card with robust features to manage your company’s expenses, this card offers significant benefits.
With 5% back on Amazon.com and other Amazon services like AWS and Whole Foods Market (up to a certain limit), or the option for 90-day payment terms, this card is highly versatile. One of the highlights of the Amazon Business Prime card is the data management and expense tracking features.
Businesses can easily track their Amazon-related purchases with enhanced data views, which simplify reconciliation and provide deeper insights into spending. These features, along with the cashback rewards and flexible payment terms, make this card an ideal companion for businesses looking to streamline operations and maximize rewards.
Key information about the Amazon Business Prime card
The Amazon Business Prime card offers several valuable features tailored to business owners. Cardholders can earn 5% back or opt for 90-day payment terms on U.S. purchases made at Amazon.com, Amazon Business, AWS, and Whole Foods Market, up to $120,000 annually, with 1% back on additional purchases.
The card also offers 2% back on U.S. purchases at restaurants, gas stations, and wireless phone services, and 1% back on all other purchases. With no annual fee and no foreign transaction fees, it’s ideal for international business spending. Enhanced data views for Amazon Business purchases simplify expense tracking, and rewards can be redeemed easily through Amazon or applied as statement credit.
How does the annual fee work?
One of the biggest benefits of the Amazon Business Prime Card is that it comes with no annual fee. This means that you can enjoy all the card’s perks without worrying about offsetting an annual charge. For businesses, this is particularly advantageous as it eliminates the concern of additional costs while still providing significant rewards and benefits.
How is the credit limit determined?
The credit limit for the Amazon Business Prime card is determined based on several factors, including your creditworthiness, business size, and financial health. American Express evaluates your business’s ability to manage debt and assesses other factors like income, outstanding obligations, and credit score to determine an appropriate credit limit.
Credit card benefits
- 5% back or 90-day payment terms: Earn 5% back or choose 90-day payment terms on purchases at Amazon.com, Amazon Business, AWS, and Whole Foods Market (up to $120,000 annually).
- 2% back on key categories: Receive 2% back on U.S. purchases at restaurants, gas stations, and wireless phone services.
- 1% back on all other purchases: Enjoy 1% back on all other eligible purchases made with the card.
- No annual fee: Use the card without any annual charges, maximizing savings for your business.
- No foreign transaction fees: Make international purchases without incurring extra fees, ideal for business travel or global transactions.
- Enhanced data views: Access detailed, itemized tracking of Amazon Business purchases to simplify expense management and reconciliation.
5% back or 90-day payment terms
The standout feature of the Amazon Business Prime card is the option to choose between 5% back or 90-day payment terms on purchases made on Amazon.com, Amazon Business, AWS, and Whole Foods Market. This flexibility allows businesses to tailor their spending to their specific needs.
If cash flow is tight, opting for the 90-day terms provides more time to pay, while businesses with strong cash flow can benefit from 5% back on every purchase. This dual option is especially valuable for businesses that frequently buy supplies or services from Amazon-related platforms.
Disadvantages
- Limited 5% back cap: The 5% back or 90-day terms only apply to the first $120,000 spent each year; after that, the cashback rate drops to 1%.
- No introductory APR: Unlike some other business credit cards, this card does not offer an introductory 0% APR period on purchases or balance transfers.
- Requires prime membership: The 5% back or 90-day terms are only available if you have an eligible Amazon Prime membership.
5% back cap
The most significant limitation of the Amazon Business Prime card is the cap on the 5% back or 90-day payment terms. While earning 5% back on Amazon purchases is a strong perk, it only applies to the first $120,000 in purchases each year. After that, any additional spending earns just 1% back, which may not be ideal for larger businesses with high annual expenses.
Who can apply for this card?
The Amazon Business Prime card is available to U.S.-based business owners aged 18 or older who have a valid Social Security Number or Employer Identification Number (EIN) and an eligible Amazon Prime membership.
While a good to excellent credit score is typically required for approval, American Express considers various factors when evaluating applications. This card offers significant benefits like 5% back or 90-day payment terms, making it ideal for businesses looking to optimize expenses and streamline purchases, especially for those with strong credit histories.
How to apply for the Amazon Business Prime card
Applying online
The most convenient way to apply for the Amazon Business Prime card is through the online application process. Start by visiting the American Express website or Amazon Business Prime card page. Once there, click the “Apply Now” button, which will direct you to the application form.
You’ll need to provide your personal details, such as your name and Social Security Number or Employer Identification Number (EIN), as well as your business’s financial information, including income and expenses.
After filling out the necessary fields and reviewing the terms and conditions, submit the form. Typically, you will receive a decision in as little as 30 seconds. If approved, you will also receive a $125 Amazon Gift Card as a welcome bonus.
In-person application process
Although less common, you may also be able to apply for the Amazon Business Prime card in person by visiting an American Express office or partner location. This option allows you to speak directly with a representative who can assist you with the application, answer questions about the card’s benefits, and ensure that you have all the necessary documentation. While this method might take longer compared to online or phone applications, it provides the benefit of personalized service.
