Amazon Business Prime American Express Card Review

The Amazon Business Prime American Express card is a credit card for small business owners. It offers no annual fee, but it does have an APR of 29.99% and a $0 introductory balance transfer fee.

Amazon Business Prime American Express Card

• When the Amazon Business Prime American Express Card is approved, eligible Prime members will get a $125 Amazon.com Gift Card.
• With a qualifying Prime membership, you may get 5% back or 90-day terms on purchases made in the United States at Amazon.com, Amazon Business, AWS, and Whole Foods Market. You’ll get 5% back on your first $120,000 in purchases each calendar year, and 1% back after that.
• 2% back at U.S. restaurants, petrol stations, and cellular phone services bought directly from U.S. suppliers
• 1% cashback on all other purchases
• There is no annual fee.
• Amazon provides a large product variety to support your business, as well as American Express service.
• You may select when to redeem non-expiring prizes. Redeem your points for millions of products at Amazon.com and Amazon Business (US) at checkout, or apply them to a transaction on your statement.
• Terms and conditions apply.

Pros

• Upon acceptance, you will get a $125 Amazon gift card.
• At Amazon-owned companies, you may get 5% back or 90 days of interest-free credit.

Cons

• Outside of Amazon-owned companies, the pay is mediocre.
• When compared to other business credit cards, the 0% APR offer is brief.

• Return protection: If an item bought within 90 days cannot be returned to the seller, American Express will offer a refund. Refunds are capped at $300 per item, with a maximum of $1,000 per cardmember, each calendar year.
• When you pay for your trip with your card, you may be reimbursed for lost, damaged, or stolen luggage. American Express will pay up to $1,250 per insured passenger for carry-on baggage and up to $500 for checked baggage.
• Car rental insurance: Get up to $50,000 in coverage for car rental theft or damage. Cardholders may opt-out of the car rental agency’s collision insurance.

The Amazon Prime American Express Card is a great rewards card for business owners who are Amazon Prime members and regular Amazon shoppers. Amazon Prime customers may get 5% back or 90 days of interest-free credit on purchases made at Amazon Business, Amazon Web Services (AWS), Amazon.com, and Whole Foods Market in the United States using this business credit card.

Who Should Get the Amazon Business Prime American Express Card?

• Owners who have signed up for Amazon Prime: On purchases made in the United States at Amazon, Whole Foods Market, Amazon Business, and AWS, the Amazon Business Prime American Express Card provides 5% cashback or 90-day interest-free financing. These benefits are only available to Amazon Prime subscribers.

How Do We Assess Business Credit Cards With Points?

We consider continuing and initial incentives the most heavily when evaluating points rewards business credit cards like the Amazon Business Prime American Express Card. The annual fee, introductory and continuing annual percentage rates (APRs), and other card perks were also considered.

American Express Card Fees for Amazon Business Prime

• APR for the first time: None
• Ongoing Annual Percentage Rate (APR): 14.24 percent to 22.24 percent variable, based on prime rate.
• There is no annual charge.
• Fee for balance transfers: Transfers are not permitted.
• Fees for international transactions: none
• APR is 24.99 percent; cash advance charge is $5 or 3%, whichever is higher.

Card Benefits

• On US purchases at Amazon Business, AWS, Amazon.com, and Whole Foods Market, you may get 5% back or 90-day terms (starting Oct. 1, 2020, you can get 5% back on the first $120,000 in purchases each calendar year, and 1% back after that).
• 2% back in US restaurants, petrol stations, and cellular phone services bought straight from US suppliers
• All other purchases will earn you 1% cashback.

You may use your Amazon Business Prime American Express Card points to shop at Amazon.com/Business or redeem them for qualifying Amazon purchases. Your rewards points may also be used as a statement credit. Points are used to monitor rewards, with 100 points equaling $1. While rewards points do not expire, you may lose them if your account status changes or if you become behind on payments.

Features

Enhanced Data Views for Amazon Business

When you use your Amazon Business Prime American Express Card to make a purchase, Amazon gathers and shares transaction data with American Express so that you may see the specifics of your purchase on your credit card statement. This may assist you to figure out where your company’s money is going the most and where any unexpected expenses are coming from.

In the event of an emergency, Amazon Business Prime American Express Cardholders may contact a roadside help hotline. Towing, winching, jump starts, flat tire replacements, lockout services, and fuel delivery are all available via this free hotline. Any costs connected with services requested via the hotline, on the other hand, will be charged to the cardholder.

Purchase Insurance

Purchase protection coverage of up to $1,000 per qualifying item and up to $50,000 per calendar year is available with the Amazon Business Prime American Express Card. Purchased goods that have been damaged or stolen within 120 days of purchase, or 90 days for New York residents, are eligible. Consumables, tickets, rare stamps or coins, motorized vehicles and their components, permanent fixtures, leased goods, and inventory items are all excluded from this coverage.

Return Insurance

If you buy and are unable to return it within 90 days after purchase, return protection coverage is available. American Express will reimburse up to $300 per item, up to a maximum of $1,000 each year, excluding shipping and handling fees. Cars, tickets, formal dress, healthcare goods, computer software, jewelry, consumables, and other things are excluded from this coverage.

Protection under the Extended Warranty

On bought goods with original manufacturer’s warranties of five years or less, American Express provides extended warranties of up to $10,000 per item and $50,000 per account. If the original warranty is between two and five years, Amazon Business Prime American Express cardholders may receive an extra two years of coverage. If the warranty is shorter than two years, American Express will match it. Plants, animals, automobiles, real estate, furnishings, consumables, and resale goods are not covered.

Insurance for Travel Accidents

The Amazon Business Prime American Express Card includes up to $100,000 in travel accident insurance. The insurance covers losses such as death, amputation of limbs, loss of sight, speech, or hearing that occur as a result of any qualifying trip. If the full trip cost is charged to your American Express business credit card, the trip is qualified.

Plan for Baggage Insurance

For carry-on luggage, checked baggage, and high-risk goods, American Express offers baggage insurance coverage ranging from $250 to $1,250. This coverage is only available for trips purchased completely using the Amazon Business Prime American Express Card. The coverage excludes cash or its equivalent, credit cards, and other travel papers, as well as live plants, animals, perishable goods, and prostheses.

Loss and Damage Insurance for Car Rentals

You’ll get up to $50,000 in vehicle rental loss and damage insurance per rental agreement. This insurance is only valid for the first 30 days of a vehicle rental contract. Intentional damage, manufacture flaws, damages caused by freezing, wear and use, mechanical or electrical breakdown or failure, and damage to any vehicle or property other than the rental automobile are not covered by this insurance plan.

Customer Care

If you decide to travel more than 100 miles from home, the Amazon Business Prime American Express Card will provide you with access to a 24-hour worldwide help hotline. Cardholders may call the worldwide help hotline for travel, emergency, medical, and legal support. The cardholders are responsible for any costs imposed by third-party service providers.

Alternatives to the Amazon Business Prime American Express Card

Capital One Spark®

BEST FOR

Obtaining a limitless amount of 2% cashback

• After spending $4,500 in the first three months, you will get a $500 welcome bonus.
• Every purchase earns you 2% cashback.
• Employee cards may be distributed for free.

Pros

• You may earn as many prizes as you like.
• Offers a generous welcome bonus

Cons

• There isn’t a 0% APR deal.
• The annual charge is only waived for a period of 12 months.
• When renting a car for work, the collision damage waiver is primary, meaning it takes precedence over any personal insurance coverage you may have. Most vehicles in the United States and overseas are covered for theft and accident damage up to the real monetary worth of the vehicle.
• Purchase protection: Protects your new goods against damage or theft for up to 90 days, up to $10,000 per claim.

Ink Business Cash®

BEST FOR

Businesses that are located in an office and wish to earn a lot of money back.

• After spending $7,500 on purchases in the first three months after establishing your account, you’ll get $750 extra cashback.
• Each account anniversary year, get 5% cashback on the first $25,000 spent in combined purchases at office supply shops and on internet, cable, and phone services.
• Each account anniversary year, get 2% cashback on the first $25,000 spent in a combined gas station and restaurant expenditures. On all other purchases, you’ll get 1% cashback.
• Your card transactions will be monitored for potential indications of fraudulent activity utilizing real-time fraud monitoring with Fraud Protection.
• You won’t be held liable for illegal charges made using your card or account information if you have Zero Liability.
• There is no annual charge.
• With Chase Ultimate Rewards®, you may get cashback, gift cards, travel, and more.
• On purchases, there is a 0% introductory APR for the first 12 months.

Pros

• Spending on office supplies reaps the most benefits.
• On purchases, there is an introductory APR.
• Sign-up bonus in cash

Cons

• Balance transfers are not eligible for the 0% APR.
• A 5% balance transfer fee is charged.
• Designed mostly for office-based businesses.
• When renting a car for work, the collision damage waiver is primary, meaning it takes precedence over any personal insurance coverage you may have. Most vehicles in the United States and overseas are covered for theft and accident damage up to the real monetary worth of the vehicle.
• Purchase protection: Protects your new purchases from damage or theft for 120 days, up to $10,000 per claim and $50,000 per account per year.
• On qualifying warranties of 3 years or less, extended warranty protection extends the time duration of the US manufacturer’s guarantee by an extra year.

Spark® Business Miles

BEST FOR

Every swipe earns you 2x miles.

• After spending $4,500 in the first three months, you’ll get a $500 trip incentive.
• 2 kilometers for every $1 invested
• Employee cards may be distributed for free.

Pros

• There are no costs for international transactions.
• Credit for TSA Pre® or Global Entry application fees

Cons

• After the first year, you’ll have to pay an annual charge.
• Doesn’t provide interest-free credit.
• Once every four years, you’ll get a $100 statement credit for Global Entry or $85 statement credit for TSA Pre® airport security screening.
• Most purchases purchased completely with your card are protected if they are destroyed or stolen within 90 days of the purchase date. The amount of coverage is capped at $10,000 per claim and $50,000 per cardholder account per year.
• On more products you buy, extended warranty coverage doubles the original guarantee term and duplicates the coverage of the original manufacturer’s warranty for a maximum of 12 months.
• Medical referrals if you have a medical emergency while traveling: If you experience a medical emergency while traveling, provide recommendations for medical assistance. If you’re 100 miles or more from home, you’re protected from the time you depart until midnight on the 60th day of your vacation, or until you return to your home city, whichever comes first.

Conclusion

The Amazon Business Prime American Express Card is a point-based rewards card intended for Amazon Prime members who buy mainly at Amazon-owned companies. It has no yearly cost and gives Amazon Prime members unique benefits.

Frequently Asked Questions

What credit score is needed for Amazon business cards?

A credit score of 700 is required for Amazon business cards.