The Amazon Business Prime Credit Card has been around for awhile now, and it’s convenient for business spending with Amazon, AWS, and Whole Foods. But, that isn’t the only reason why you would want one. Here, I’ll lay out the card benefits in full and explain how to get a business credit offer from Amazon and Amex.
For those who already have the card, I’ll explain how to get the most rewards with your spending and answer some common questions.
Here’s what’s in store:
- What is the Amazon Prime Business Credit Card?
- Amazon Business Prime Credit Card Summary
- Frequently Asked Questions
- Wrapping Up
What is the Amazon Prime Business Credit Card?
The Amazon Business Prime Card is like a VIP pass for your business expenses. With no annual fee, you can snag a $125 Amazon.com Gift Card just for getting approved—nice, right?
The more you spend at Amazon Business, AWS, Amazon.com, and Whole Foods Market, the more you earn back, like 5% back or 90-day terms on eligible purchases with a Prime membership – Dining out, filling up at gas stations, and handling phone bills also get you some sweet 2% back. Everything else? You still get a cool 1% back.
Plus, the perks include:
- No foreign transaction fees
- Expense management tools
- Baggage insurance for your travels
It’s like your business’s new best friend with benefits!
You might also like: Amazon Corporate Credit Line – The Ultimate Guide
Amazon Company Overview
If you haven’t heard of Amazon, it would surprise me. Still, for the sake of staying true to my comprehensive nature, here’s a quick rundown.
Amazon is the big dog of online everything…It started as a humble online bookstore in ’94, and look at it now—like the Godzilla of e-commerce. From A to Z, they’ve got it all, and I mean everything: Books, gadgets, groceries, cloud computing, streaming, you name it.
The founder, Jeff Bezos, turned a garage project into a tech empire over the course of the past 30 years. Fast shipping? Hello, Prime! They even got drones in the game. With fingers in so many pies, it’s hard to imagine a world without that iconic smiling arrow.
Amazon is a seattle-based company that now has a ton of subsidiaries including Xoox (future driverless, electric taxis), Whole Foods, Twitch, and IMDB.
The current CEO, Andy Jassy, had been with the company since 1997, founded AWS in 2006, and took over Amazon Inc. when Bezos stepped down in 2021.
At this point, there aren’t many industries Amazon doesn’t have their hand in. Still, their business credit card is serviced by Warren Buffet’s American Express (a Berkshire Hathaway company). The card doesn’t currently offer cashback on purchases with most subsidiaries, but they’re in an interesting position that would make this possible – I wonder if that’s something we could see in the future.
Amazon Business Prime Credit Card Summary
Looking to level up your business game? Enter the Amazon Business Prime Credit Card—a great tool for savvy business spenders. From a $125 welcome gift card to cash back rewards on your favorite business expenses, this card is a VIP pass to Amazon-related savings.
Let’s dive into the details!
How Does the Amazon Business Card Work?
So, how does this card work its magic? It’s all about the cashback game…Let’s review.
You earn 5% back or get extended 90-day terms on U.S. purchases (your choice) at:
- Amazon Business
- Whole Foods Market
The 5% cashback offer is good for up to $120K in spending per year.
Dining out, fueling up, or sorting out your wireless bills? Enjoy 2% back—every other purchase scores you a solid 1% back. The more you spend, the more you earn. Simple as that.
Then, as an Amex cardholder, you can take advantages of even more benefits:
- Gain deeper insights into your purchases for smarter decisions.
- Simplify expense reconciliation with itemized, downloadable purchase details.
- Earn rewards with no expiration, giving you flexibility in usage.
- Redeem points on Amazon.com and Amazon Business (U.S.) or apply them to your balance.
- Travel the world without worrying about foreign transaction fees.
- Enjoy global card acceptance with American Express.
Plus, this card comes with no annual fee (they make up for this with your prime membership fee). If you play the game well, you can end up saving quite a bit.
Moreover, you can leverage extra protection on purchases made with the card:
- Get an extended warranty on items you purchase with the card, up to one extra year.
- Purchase protection guards your purchases for up to 90 days against theft or accidental damage.
- Receive support with dispute resolution for any fraudulent or incorrect charges on your statement.
Hopefully, you won’t ever have to use them, but these perks will make life easier if you do.
You might also like: Marriott Bonvoy Business Credit Card Review & Comparison
Can Anyone Get an Amazon Business Prime Card?
The Amazon Business Prime Card is up for grabs for any business, but there are a couple things to note:
- The basic requirements are that you are at least 18 years of age, own at least half of your business, and have a Prime or Business Prime account.
- While there’s no minimum credit score posted on the door, a solid creditworthiness vibe is key – people I’ve known to be approved for this card had a score of 700 or above.
- You may need an EIN set up with the IRS, a business bank account, and a business address.
Note: If you downgrade your Amazon Prime account, Amex may downgrade your cashback rewards structure, but this doesn’t seem to happen to everyone.
People often wonder about the APR, and here’s the lowdown: Your annual percentage rate will dance in the 19.49% – 27.49% variable rate range.
How to Get an Amazon Prime Business Credit Card
Pre-approval requirements for the Amazon Prime Business card are not crystal clear, but a decent credit score waltz will get you far. Keep those expenses in check, and you might just find this card in your wallet.
If you sign up for an Amazon account with a professional email account (firstname.lastname@example.org), Amazon will invite you to sign up as a business. From here, they run periodic checks and might send you an offer to apply.
To apply today without pre approval, you can do so on the Amex website. Apply, and you could get a decision in as fast as 30 seconds—once approved, enjoy the perks, the cashback, and that shiny new card in your hands.
💡 Business Credit Bonus Tip: Leverage In-App Amex Offers for More Savings
Keep an eye on Amex Offers through the American Express® App. These are personalized deals and discounts that Amex cardholders receive based on their spending habits. When you regularly check and activate these offers, you can enjoy extra savings on purchases from various merchants.
Frequently Asked Questions
Is the Amazon business credit card only for Prime members?
Yes, the Amazon Business Credit Card is available to Amazon Prime and Amazon Business Prime members. Hence, their ability to offer an Amex card with no annual fee.
How am I eligible for Amazon business?
Eligibility for Amazon Business typically involves having a business entity. You can sign up on the Amazon Business website using a professional email address (email@example.com).
Do you need a credit card to open an Amazon Business account?
No, having an Amazon Business account doesn’t require you to obtain an Amazon credit card or any other credit card. You can pay with a debit card. Amazon even accepts EBT cards for some food purchases in select locations. However, a credit card can be beneficial for making purchases and accessing card-specific benefits.
What's the credit limit on the Amazon credit card?
Credit limits are determined based on individual creditworthiness and financial factors. The assigned limit will be provided upon approval. Amex tends to extend credit limits in the tens of thousands range with responsible use, but they’re also known to decrease limits, without warning, at the first sign of irresponsible credit usage.
Is there an annual fee for the Amazon business card?
No, there is no annual fee for Amazon’s business credit card. However, you will need to pay $179+ annually for a Business Prime account to qualify.
Is Amazon business credit card a hard pull?
Yes, applying for the Amazon Business Credit Card will result in a hard pull on your credit report. It’s advisable to be mindful of your credit inquiries.
In a nutshell, the Amazon Business Prime Credit Card can be your business’s VIP pass, offering rewards and perks that go beyond convenience. From cashback on Amazon, AWS, and Whole Foods spending to added benefits like no foreign transaction fees and enhanced purchase protections, it’s not just a card—it’s a business ally.
Amazon’s evolution from an online bookstore to an e-commerce giant with global reach is awe-inspiring. As for the card, eligibility is straightforward, rewards are impressive, and the application process is hassle-free.
Whether you’re a seasoned user or contemplating joining the Amazon Business Prime Card club, remember: a good credit score dance can open the door to a world of benefits.
While I really do like this card, I tend to favor small community banks and credit unions (which you already know if you follow this blog). I tend to see businesses get larger lines of credit when they have the right rapport with smaller institutions.
If you’re ready to learn how to obtain up to $100K in business credit in as few as 30 days, join Business Credit Workshop today!