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, or Whole Foods. You can also exchange your rewards for 90 days of interest-free financing on those purchases. With that in mind, this card is a good choice for business owners 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
3.7
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 unlimited 5% back on U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market with an eligible Prime membership. 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
2.0
for Fees
1.8
for Rewards
4.8
for Credit
2.2

Current Offer:

$125 Amazon.com Gift Card upon approval with an eligible Prime membership. Plus, earn an additional $100 statement credit after you spend $3,000 on the Card in the 2% Back and 1% Back categories in your first 3 months.

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% cash 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, so this card is a winner for business owners who also spend a lot in these categories.

Pros
  • Good rewards-earning rate on Amazon purchases

  • Optional 90-days interest-free offer on purchases

Cons
  • Longer 0% APR offers exist

  • Limited redemption options

  • Wimpy welcome offer

  • Must be an Amazon Prime member

Pros Explained

  • Good rewards-earning rate on Amazon purchases: If you spend a lot on Amazon.com, Amazon Business, or Whole Foods Market purchases, earning 5% back is a good deal.
  • 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. This option can help you save money or manage cash flow when funds are tight. 

Cons Explained

  • Longer 0% interest offers exist: If you need some time to pay down your purchases without making interest payments, there are plenty of business credit cards that offer 0% interest introductory offers for a lot longer than 90 days. 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 on Amazon.com or Amazon Business or toward a statement credit to cover charges on your account. 
  • Wimpy welcome offer: Earning a $125 gift card upon approval and another $100 in statement credits when you spend $3,000 in 2% back and 1% back categories within three months is disappointing. This is especially true when you consider the fact that some business credit cards offer initial bonuses worth up to $1,000. 
  • Must join Amazon Prime: If you don’t have an Amazon Prime membership, you’ll need to purchase one to get this credit card. This membership will set you back $119 per year or $59 per year if you’re a student. 

Amazon Business Prime American Express Card Welcome Offer

If you are approved for this credit card, you’ll receive a $125 gift card to use toward Amazon.com purchases. You can also earn an additional $100 statement credit after you spend $3,000 on your card within the 2% back and 1% back categories within the first three months. Considering many business credit cards offer much better bonuses, this initial perk isn’t that exciting.

However, offer some flexibility during COVID-19, American Express is giving new cardholders who open this card before May 31, 2020 six months to earn the welcome offer instead of the typical three. If you're already a cardholder but opened your account after Dec. 1, 2019, you'll also have an extra three months to earn your bonus, if you haven't already. 

Earning Points & Rewards

This card offers a high rate of return for Amazon.com, Amazon Business, and Whole Foods Market purchases—a solid 5% back. 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.

Your points won’t expire provided your account remains open. However, you’ll only have 90 days to redeem your points if your card is cancelled for inactivity. 

Redeeming Rewards

The Amazon Business Prime American Express Card lets you redeem rewards in one of two ways. You can use them toward Amazon.com or Amazon Business purchases, or you can redeem them for statement credits to cover other charges made to your account.

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

Heavy Amazon.com, Amazon Business, and Whole Foods Market shoppers should sign up for this card and use it for every Amazon-related purchase they make. Also use your card when you pay for restaurant, gas station, and wireless services in the U.S. 

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.

Also consider how your your bottom line might be affected if you take 90 days with no interest instead of the cash-back rewards. If you were to purchase $5,000 in business equipment through Amazon.com on your card, you could earn $250 in cash back or you could score 90 days interest-free. However, the better deal really depends on your interest rate.

If your rate were on the lower end of what this card offers and you made a minimum payment of 2%, you would save around $195 in interest over 90 days. If you qualified for the highest rate, your interest savings would be about $295 over 90 days. 

For the most part, 90 days with no interest can be the sweeter deal if your interest rate is on the high end. 

Don’t confuse this card with the Amazon Business Card, which is available to business owners who don’t belong to Amazon Prime. 

Amazon Business Prime American Express Card’s Excellent Perks

There are a number of perks that may come with credit cards.The Amazon Business Prime American Express Card offers a handful 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. 

Amazon Business Prime American Express Card’s 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 second spot (out of 11 issuers ranked) in its 2019 U.S. Credit Card Satisfaction Study, which considered the experiences of more than 28,000 credit card customers nationwide. 

American Express also received the second spot in J.D. Power’s 2019 U.S. Credit Card Mobile App Satisfaction Study, only behind Discover. 

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. 

Amazon Business Prime American Express Card’s Fees

Fees for this card are standard for the industry. The lack of foreign transaction fees also makes this card a smart option if you make business purchases overseas.

Next Steps
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CURRENT CARD
Amazon Business Prime American Express Card
overall rating
3.7
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 unlimited 5% back on U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market with an eligible Prime membership. 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.