See Amazon Business Prime Card Review now. Today, you will understand literally everything about this credit card that has been gaining a lot of prominence in the United States, but is it a good option?
From now on, you know that there are already two Amazon Business Prime Cards. We will address each one separately and then the common benefits between them. That way, you can clearly know the differences between them.
Last but not least, you will know what the main Amazon Business Prime American Express fees are, as well as the step-by-step instructions to apply for yours. Let’s start by addressing Amazon’s first card, let’s go.
1. Amazon Business American Express Card
First of all, this is the basic version of the Amazon Business card. It is mainly for those who do not have a very high score. But want to take advantage of everything that Amazon Business has to offer, let’s see what it offers:
- $100 Bonus: You will receive a $100 statement credit when you spend $3,000 on purchases in the first three months with the card.
- 3% cashback: For the first $120,000 spent annually on Amazon Business, AWS, Amazon.com, and Whole Foods Market, you’ll receive 3% cashback or 60-day terms for payment, up to the $120,000 limit.
- 1% cashback: after exceeding the $120,000.00 ceiling, you will not lose the cashback, managing to receive part of your value back.
- 2% cashback: cashback on U.S. restaurants, gas stations, and wireless services purchased directly from U.S. providers will earn you two percent cash back.
It is worth remembering that this card is intended for small, medium and large companies. That way, you’ll enjoy a good amount of cashback back.
2. Amazon Business Prime American Express
Amazon Business Prime American Express is one of the best options on the market when thinking about business-oriented cards. Its advantage compared to the basic version is cashback.
It is worth mentioning that it has the means benefits that the other. So we will only mention what is different between them. Thus, we ensure that you don’t waste your time, going straight to what matters.
Unlike the other card, on this one when you spend more than US$ 120,000.00 you will receive 5% cashback. Instead of 3%, which saves you a good amount on your purchases.
Rewards on first purchases of $120,000 in the U.S. on Amazon Business, AWS, Amazon.com, and Whole Foods Market, 1% back after that: 5% back or 90-day terms with an eligible Prime membership.
Finally, you will also receive 2% cashback on purchases at restaurants, gas stations and phone services. As well as 1% cash back on any purchase you make.
Additional Benefits of Amazon Credit Cards
Now that you know the difference between the basic version and the prime version of the Amazon card. Let’s look at the benefits in common between the two options, namely:
- Wide Acceptance: Your card is accepted at 99% of U.S. businesses in the U.S. This is not a piece of data, the Nilson Report of February 2024 shows this.
- Purchase Protection: Your purchases stay protected for 90 days against theft or accidental damage. If someone steals your item or it gets damaged without your fault, you can activate the insurance
- No Foreign Transaction Fees: Use your card anywhere in the world and best of all, you won’t have to pay extra fees or make large purchases abroad to be exempt from the fees;
- Account Manager: with the account manager, it is easy to take care of finances. The Amazon Business card has a partnership with American Express, so it has access to the bank’s app that facilitates financial management.
You will still have access to some extra advantages, including:
- Travel Insurance and Assistance;
- Car Rental Loss and Damage Insurance;
- Global Assist® Hotline;
- Baggage Insurance Plan.
In this way, it is clear that the Amazon Business credit card is a great highlight, as it combines practicality and convenience both to save on purchases through cash back, as well as in financial management and insurance.
Fees Amazon Business American Express
Let’s now look at all the fees charged on Amazon Business American Express:
- APR for Purchases: The annual interest rate (APR) for purchases varies between 18.49% and 26.49% depending on your score at the time of opening the account; APR for Cash Advances: If you use the card for cash advances, a fee of 29.24% will be applied which may also vary depending on the Prime Rate.
- Penalty APR: if you delay a payment, in the other default, the penalty rate will be applied, reaching 29.99%;
- Annual Membership Fee: will have a total annual fee waiver, i.e., US$ 0.00 annual account maintenance fee. Falling under one of the best no annual fee credit cards.
In short, the fees charged on Amazon Business are reasonable, especially when we remember that the card is aimed at companies.
How to apply for the Amazon Business card?
Applying for the Amazon Business American Express Card is a very quick process, it takes just two steps. See:
- Access the official website: Enter the official Amazon website, access the Amazon Business Credit Card page. After that, click on “Apply now”.
- Fill out the form: Enter your personal and business details, including information about the company and your financial history.
After the review, you will be notified of your card’s approval. With this, you can start enjoying the exclusive benefits of the Amazon Business American Express Card.
Conclusion (Amazon Business Prime Card Review)
You have seen a full review of the Amazon Business Prime Card. You can understand how much you will have advantages linked to cashback, taking advantage of exactly everything that the credit card has to offer.
In addition, you can understand exactly everything about the main rates on the market, noting that the cost charged is low. Undoubtedly, this is a great differential of Amazon, as most cards charge high fees, including annual fees, but Amazon has exempted this fee.
Above all, you can see the step-by-step guide to apply for your Amazon Business Prime Card. You can notice that it is very fast, not even spending 5 minutes.
We recommend this card to all people who already use Amazon in their routine, whether for shopping, or through secondary programs such as Amazon Prime Video or the large library of books that you can read through Kindle.