Who Is This Credit Card Best For?
Is turning their passion into a money-making venture See more cards
Diligently searches for the best products and delights in a good bargain See more cards
Prioritizes sticking to their budget while buying what they want and need See more cards
Hits the road often, whether for work or play See more cards
Frequent Amazon.com, Amazon Business, and Whole Foods Market shoppers may love this business credit card since it lets you choose between 5% back or 90 days without paying interest. You also get 2% back at U.S. restaurants, U.S. gas stations, and purchases made with wireless services from U.S. providers.
Good rewards-earning rate on Amazon purchases
Optional 90-days interest-free offer on purchases
Decent bonus for new cardholders
High spending cap
Longer 0% APR offers exist
Limited redemption options
Higher-than-average interest rates
Amazon Prime required for best rewards rate
- Good rewards-earning rate on Amazon purchases: You’ll get 5% back on the first $120,000 you spend on purchases from Amazon.com, Amazon Business, Amazon Web Services, or Whole Foods Market. After that these purchases earn 1% cash back.
- Optional 90-days interest-free offer on select purchases: If you forgo the 5% rewards you earn on Amazon, you can choose to avoid interest on those purchases for 90 days without counting toward the $120,000 cap. This option, called “Payment Terms,” can help you save money or manage cash flow when funds are tight.
- Decent bonus for new cardholders: You’ll get $125 upon approval for the card, no purchase required. Most business cards require spending to earn the bonus.
- High spending cap: Although there is a cash-back cap, it’s much higher than competitor cards, unless you pay an annual fee.
- Longer 0% interest offers exist: If you need some time to pay down your purchases without making interest payments, many business credit cards offer 0% interest ranging from 6 to 12 billing cycles. Some offer no interest on purchases for up to 12 months and rewards on each dollar you spend.
- Rewards options are limited: Unlike other business credit cards that let you redeem your rewards in several different ways, cash back accrued with this card can only be used for purchases made with Amazon-affiliated businesses or toward a statement credit to cover charges on your account. You must have the equivalent of $100 worth of points in your account to redeem points, which is a high minimum redemption amount.
- Higher-than-average interest rate: If you must carry a monthly balance, lower rates can be found with competing no-annual-fee business cards.
- Amazon Prime required for best rewards rate: If you don’t have an Amazon Prime membership of any kind, you’ll need to purchase one to get this particular credit card, or have a trial membership. Five tiers of business membership run from the single-user business prime membership starting at $60. If you don’t retain an Amazon Prime membership (either business or personal), you can keep the card but earn less back in rewards. Those without an Amazon Prime membership can apply for the non-Prime version of the Amazon American Express Business card—more on this below.
Bonus for New Cardholders
If you’re approved for this credit card, you’ll receive a $125 gift card to use toward Amazon.com purchases (or leave in your account for the 1,000 point minimum required).
If you’re applying as a corporation or partnership, you’ll need to supply information on Beneficial Owners, or the individual who owns 25% of the business. You’ll also need to provide information on the Authorizing Officer, the individual who can control, manage, or direct the business. You’ll find more information on this requirement brought about by a 2016 U.S. Treasury Department's Financial Crimes Enforcement Network rule on the Amazon site.
Earning Points & Rewards
This card offers a high rate of return for Amazon.com, Amazon Web Services (AWS), Amazon Business, and Whole Foods Market purchases—a solid 5% back, which is counted as “points.” So when Amazon states you get 5% back, you actually receive 5 points for each $1 spent. If you spend $10 on an eligible purchase, you earn 50 points, which you can redeem for .50 in rewards. If you spend $100, you earn 500 points, or $5.
You’ll also receive an unlimited 2% back at U.S. restaurants, U.S. gas stations, and on purchases made with wireless services from U.S. providers, as well as 1% back on everything else you buy. You continue to earn these percentages back until you hit $120,000 in spending, which is earning about $6,000 in 5% purchases. After $120,000, you earn 1% back in all categories.
If at some point in the future you’re no longer a Prime member, your earning rate is reduced to 3% on Amazon purchases, 2% at restaurants and gas stations, and 1% on other purchases. The cap of $120,000 is still in place.
You can’t earn points by shopping with Amazon Pay, Amazon’s online payment service.
The Amazon Business American Express card is available to those without a Prime membership. You earn 3% back on Amazon purchases, 2% back from purchases at restaurants, gas stations, and wireless providers, and 1% back on other purchases, or choose the Payment Terms option, which operates like the Business Prime card. You’ll also get a $100 bonus for new cardholders instead of a $125 bonus.
Each point is essentially worth 1 cent. The Amazon Business Prime American Express Card lets the primary cardholder redeem rewards in one of two ways. You can use them online toward Amazon.com or Amazon Business purchases, or you can redeem them for statement credits to cover other charges made to your account.
However, to redeem rewards for charges, you must have at least 1,000 points in your account, or the equivalent of $100 stored up. You can’t redeem until you hit the 1,000 point minimum. All charges must be at least $1, and made in the U.S.
Your points won’t expire provided your account remains open, but there are several ways you could lose points.. You’ll only have 90 days to redeem your points if your card is cancelled for inactivity. If you close your card, you immediately lose all points unless you have another American Express card—and then you’ll have 30 days to redeem points.
If you don’t pay your account minimum on time, you forfeit all points you’ve earned for that statement period. You can reinstate the points up to 12 months after paying required charges, but that comes with a hefty $35 surcharge.
Amazon will let you pay the difference with your credit card if you’re short on points for something you want to buy.
How to Get the Most Out of This Card
Obviously, use this card for your Amazon.com, Amazon Business, Amazon Web Services and Whole Foods Market purchases. Also, use your card when you pay at restaurants, gas stations, and for wireless services in the U.S.
Once you’ve amassed enough points, the smartest redemption method is using the points for statement credits. If you use points for purchases, you won’t earn the 5% back.
If you’re planning to make a big purchase, weigh the competing introductory offers of 90 days of 0% interest versus 5% back. You might save more in interest charges than you earn in cash back. If you choose the introductory interest-free financing period, you can use your points to either buy items upfront, or pay off any purchases with the statement credit.
Since you only get 1% back on everyday spending, however, we suggest pairing this card with another business card that offers different bonus categories or a higher rate of rewards on other purchases your business makes. A travel rewards card might be a good match, for example, if you travel frequently for business.
There are a number of perks that may come with credit cards.The Amazon Business Prime American Express Card offers one that we consider excellent.
- Insurance coverage for lost luggage: Qualify for reimbursement in amounts up to $1,250 per person, per trip for lost carry-on baggage or $500 per person for lost checked baggage. Certain high-risk items in your luggage may also qualify for an additional benefit of $250.
- Rental car collision insurance (secondary to your own policy)
- Insurance for stolen or damaged purchases
- Extended warranties
- Sports, music, and event ticket presales, plus VIP access at some events
American Express continually receives high marks for its customer service. Recently, J.D. Power gave American Express the top spot (out of 11 issuers ranked) in its 2020 U.S. Credit Card Satisfaction Study and J.D. Power’s 2020 U.S. Credit Card Mobile App Satisfaction Study.
You can manage receipts, track purchases and categorize expenses with the American Express Business App, and speak with customer services 24 hours a day, every day of the week.
American Express credit cards come with standard security features for the industry including encryption technology, fraud monitoring, and zero liability for fraudulent purchases. You can set up account alerts that will notify you when purchases are made, payments are due, and more.
Fees for this card are standard for the industry.