Amazon Business Prime American Express Card Review

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The Amazon Business Prime American Express Card offers superior cash rewards for business owners who purchase supplies from Amazon Business, Amazon.com, Amazon Web Services, or Whole Foods. You can also exchange your rewards for 90 days of interest-free financing on those purchases, which makes this card a good choice for those who want to earn easy-to-understand rewards or save money on interest for a few months at a time.

Amazon Business Prime American Express Card

Overall Rating
2.9
Amazon Business Prime American Express Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.24% - 22.24% variable
Annual Fee $0, Prime Membership Required
Rewards Earning Rate Get 5% back on U.S. purchases at Amazon Business, AWS, Amazon.com, and Whole Foods Market with an eligible Prime membership, on up to your first $120,000 in purchases each year. 2% at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers. 1% on other purchases.
Ratings Breakdown
for Interest
1.8
for Fees
3.3
for Rewards
2.9
for Credit
2.5
Current Offer

$125 Amazon.com Gift Card upon approval with an eligible Prime membership.

Who Is This Credit Card Best For?

  • Avatar for Entrepreneur Persona
    Is turning their passion into a money-making venture See more cards
    Entrepreneur
  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain See more cards
    Deal Seeker
  • Avatar for Savvy Saver Persona
    Prioritizes sticking to their budget while buying what they want and need See more cards
    Savvy Saver
  • Avatar for Road Warrior Persona
    Hits the road often, whether for work or play See more cards
    Road Warrior

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.

Pros
  • Good rewards-earning rate on Amazon purchases

  • Optional 90-days interest-free offer on purchases

  • Decent bonus for new cardholders

  • High spending cap

Cons
  • Longer 0% APR offers exist

  • Limited redemption options

  • Higher-than-average interest rates

  • Amazon Prime required for best rewards rate

Pros Explained

  • 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. 

Cons Explained

  • 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. 

Redeeming Rewards

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.

Excellent Perks

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. 

Other Benefits

  • 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

Customer Experience

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.

Security

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

Fees for this card are standard for the industry.

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CURRENT CARD
Amazon Business Prime American Express Card
overall rating
2.9
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 14.24% - 22.24% variable
Annual Fee $0, Prime Membership Required
Rewards Earning Rate Get 5% back on U.S. purchases at Amazon Business, AWS, Amazon.com, and Whole Foods Market with an eligible Prime membership, on up to your first $120,000 in purchases each year. 2% at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers. 1% on other purchases.
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. American Express. "Terms and Conditions." Accessed Oct. 20, 2020.

  2. Amazon. "Amazon Business Prime American Express." Accessed Oct. 20, 2020.

  3. American Express. "Amazon Rewards Program Agreement." Accessed Oct. 20, 2020.

  4. American Express. "Amazon Business American Express Card." Accessed Oct. 20, 2020.

  5. American Express. "Baggage Insurance Plan Document." Accessed Oct. 20, 2020.

  6. J.D. Power. "Bank and Credit Card Provider Investments in Easy-to-Use Digital Tools Pay Off, J.D. Power Finds." Accessed Oct. 20, 2020.

  7.  J.D. Power. "Customers Losing Faith in Credit Card Issuers as COVID-19 Pandemic Lingers, J.D. Power Finds." Accessed Oct. 20, 2020.