The Amazon Business American Express Card is designed for business owners who frequently use Amazon services, with 5% back on U.S. purchases at Amazon Business, AWS, Amazon.com, and Whole Foods Market with eligible Prime Membership (up to $120,000 per year, 1% back thereafter).
This article will cover everything you need to know about this card to determine if you should add this card or a different card to your wallet. Let’s dive right in.
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- 5% Back or 90 Day Terms on Eligible U.S. Purchases at Amazon.com, Amazon Business, & Whole Foods Market with an eligible Prime membership (up to $120,000 in purchases each calendar year)
- 2% Back at U.S. Restaurants, U.S. Gas Stations, and U.S. Wireless Phone Services
- No Annual Fee and No Foreign Transaction Fees (rates & fees)
Welcome Bonus
The Amazon Business Prime Amex currently offers the following welcome bonus:
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The offer isn’t as lucrative as other business cards, and it’s only limited to purchases within the Amazon.com store. However, the offer is quite easy to get since you only need to get approved for the card.
Earning Cashback
With the Amazon Business Prime Amex Card, you’ll earn:
- 5% cash back or 90 Day Terms on all purchases made at Amazon, Amazon Web Services, and Whole Foods with eligible Prime Membership (up to $120,000 in purchases each calendar year, 1% back thereafter);
- 2% back at U.S. restaurant purchases;
- 2% back at U.S. gas stations;
- 2% back at U.S. wireless service providers; and
- 1% back on all other purchases.
Annual Fee
The Amazon Business Prime Amex has no annual fee (rates & fees), making it a suitable option for small business owners trying to save money.
Amazon Business Card Benefits
The Amazon Business Prime Amex offers a range of valuable benefits for its cardholders. Let’s look at some of the perks you can enjoy.
Extended Warranty*
Credit card extended warranty protection adds up to an additional year of coverage for eligible purchases on manufacturer’s warranties up to 5 years.
For example, if you bought a TV with a manufacturer’s warranty of three years, this card would extend the warranty for free to the fourth year.
Purchase Protection*
Purchase protection could save you a lot of money if you bought an eligible item that is damaged or stolen within 90-days.
For example, if you accidentally dropped your new phone or laptop and broke the screen, you could file a claim to get it replaced if the item was purchased within the last 90 days.
Secondary Rental Car Insurance*
Secondary rental car insurance covers any damage to or theft of a rental car not covered by your primary insurance when you pay for the rental using this card.
Other credit cards offer primary rental car insurance, which pays before your insurance and saves you the hassle of filing multiple insurance claims.
You still need to maintain liability car insurance to cover damage to another person or property.
Baggage Insurance*
Baggage insurance covers the cost to repair or replace your luggage and the contents inside if your bag is lost or damaged during a covered trip.
You must purchase the trip with this card, and it will also cover immediate family members traveling with you.
*(Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/
No Foreign Transaction Fees
This card has no foreign transaction fees on purchases outside the U.S., which is helpful if you travel internationally to help you avoid paying a 3% fee on those international purchases.
Free Employee Cards
You can get employee cards for free. Your employees use their own cards to earn cash back or get payment terms on purchases made at Amazon Business, AWS, Amazon.com, and Whole Foods Market.
You can also monitor and manage their spending with features like spending limits, alerts, and summary reports
Redeeming Rewards on the Amazon Business Prime Card
Rewards earned on your Amazon Business Prime Amex don’t expire. However, your options are limited when it comes to redemptions.
You can redeem your rewards in two ways: during checkout at Amazon.com and Amazon Business (U.S.), or as a statement credit. You can’t redeem rewards for actual cash back.
Each point can be redeemed at one cent apiece. If you don’t have enough rewards for redeeming an item, you can use your card to pay the difference.
Pros and Cons
Here are some of the pros and cons of the Amazon Business Prime Amex.
Pros
- No foreign transaction fee.
- Free employee cards.
- Flexibility to choose 5% back or 90-day terms at Amazon and Whole Foods.
Cons
- Requires an Amazon Prime membership
- Only 1% back on all other purchases.
Card Alternatives
Now that you know about this credit card’s various benefits and pros and cons, it’s time to see its alternatives.
Ink Business Preferred® Credit Card
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- 3X Points on Travel, Shipping, Advertising (Social Media and Search Engines), Internet, Cable, and Phone on the First $150,000 Each Account Year
- 25% Additional Points Value in Travel Redemption
- Primary Rental Car Insurance
- Trip Cancellation/Interruption Insurance
- Cell Phone Protection
- Purchase Protection and Extended Warranty
- No Foreign Transaction Fees
- $95 Annual Fee
The Ink Business Preferred® Credit Card (review) is an excellent choice for business owners looking for a card that offers valuable rewards and benefits.
With this card, you’ll earn:
- 3 points per $1 spent on travel, shipping purchases, internet, cable, phone services, and advertising purchases made with social media sites and search engines (up to $150,000 in combined purchases per account anniversary year).
- 1 point per $1 spent on all other purchases, with no limit on the number of points you can earn.
Beyond the rewards, the Ink Business Preferred provides valuable benefits, including:
- Primary rental car insurance (when renting for business purposes).
- Cell phone protection (up to $600 per claim against theft or damage, with a maximum of three claims per year and a $100 deductible per claim).
- Purchase and extended warranty protection.
Capital One Spark Cash Plus
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- 5% Back on Hotels and Rental Cars Booked Via Capital One Travel
- 2% Cash Back on All Purchases
- Extended Warranty & No Foreign Transaction Fees
- $150 Annual Fee
The Capital One Spark Cash Plus is great for businesses that spend a lot each year.
The card earns 2% cash back on all purchases and comes with no preset spending limit so that it can adapt to your needs based on your spending behavior, payment history, and credit profile.
The card also earns unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.
Is the Amazon Business Prime Card Worth It?
The Amazon Business Prime Amex can be a valuable asset for businesses that frequently make purchases at Amazon Business, AWS, Amazon.com, and Whole Foods Market.
The card offers cashback rewards, payment terms on eligible purchases, and additional perks such as employee cards with spending limits, alerts, and summary reports.
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- 5% Back or 90 Day Terms on Eligible U.S. Purchases at Amazon.com, Amazon Business, & Whole Foods Market with an eligible Prime membership (up to $120,000 in purchases each calendar year)
- 2% Back at U.S. Restaurants, U.S. Gas Stations, and U.S. Wireless Phone Services
- No Annual Fee and No Foreign Transaction Fees (rates & fees)
