Amazon Business American Express Card review 2021

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Amazon has joined the business credit card game with two reward-focused cards, including the standard Amazon Business card.

You say: ★★★★★We say: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £50 per annum, your representative rate is 32.6% APR (variable).

Earn 1.5 points

per £1 spent with Amazon

Earn 1 point

per £2 spent elsewhere

£25

Welcome giftcard

32.6%

Representative APR

Details

IssuerAmerican Express
NetworkAmex
Annual/monthly fees£50 per annum (first year waived – limited offer)
Balance transfers21.9%
Balance transfer fee0%
Purchases21.9%
Purchases interest-free periodUp to 56 days
Cash advances27.1%
Min credit limit£500
Max credit limitNot specified
Additional cards available25
IncentiveEarn 1.5% Amazon Rewards on the first £120,000 in purchases each calendar year, 1% thereafter at Amazon.co.uk, Amazon Business UK and Whole Foods Market UK, or 60 day extended payment terms on such purchases. Earn 0.5% Amazon Rewards on all other purchases.
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Review by


Tom Stelzer is a writer for Finder specialising in personal finance, including loans and credit, as well as small business and business loans. He has previously worked as a freelance writer covering entertainment, culture and football for publications like FourFourTwo and Man of Many. He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney.

Expert review

With two personal reward cards already available, Amazon has extended its credit range with a pair of business credit cards that let you earn bonus reward points on all Amazon purchases.

Both the Amazon Business card and Amazon Business Prime card offer a choice of Amazon reward points (1.5% and 2% respectively) or extended terms on UK Amazon purchases, and have a purchase rate of 21.9% p.a. There’s also a £50 annual fee, which bumps up the representative APR.

Reward point bonuses also only apply to the first £120,000 you spend each calendar year, and then revert to 1% on any further purchases. You’ll also receive a £25 Amazon gift card when you sign up.

Points can also be earned on any other purchases, and can be redeemed towards Amazon purchases, or taken off your monthly card statement.

As expected, you’ll also get the standard benefits offered by American Express, including global 24/7 customer service, emergency card replacement, and complementary additional cards.

Pros and cons

Pros

  • Flexible reward options on purchases
  • Points can be used on Amazon or taken off monthly statement

Cons

  • £50 annual fee
  • Bonus reward points only apply on Amazon purchases

How does it compare?

Amazon's card

Name Product Purchases Annual/monthly fees Rewards earn rate Rep. APR Link Key benefit Representative example
OFFER
Amazon Business American Express Card
21.9%
£50 per annum (first year waived – limited offer)
1.5 points per £1 spent with selected partners
1 point per £2 spent elsewhere
32.6% (variable)
Go to site
Earn 1.5% Amazon Rewards on the first £120,000 in purchases each calendar year, 1% thereafter at Amazon.co.uk, Amazon Business UK and Whole Foods Market UK, or 60 day extended payment terms on such purchases. Earn 0.5% Amazon Rewards on all other purchases.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of £50 per annum, your representative rate is 32.6% APR (variable).
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Other popular business cards

Table: promoted then other popular deals
Name Product Purchases Annual/monthly fees Rewards earn rate Rep. APR Link Key benefit Representative example
Capital on Tap Business Credit Card
39.41%
£0
N/A
39.9% (variable)
Go to site
Upgrade to Capital on Tap Business Rewards Card for £99 pa to earn 1 point for every £1 spent. 1 point can be redeemed for either 1 Avios or 1p in cashback. 10,000 bonus points when £5,000 spent in first 3 months. Up to 20 free supplementary cards available.
Representative example: When you spend £1,200 at a purchase rate of 39.41% (variable) p.a., your representative rate is 39.9% APR (variable).
CASHBACK
Capital on Tap Business Rewards Credit Card
39.41%
£99 p.a.
1 point per £1 spent
39.9% (variable)
Go to site
Earn 1 point for every £1 spent. 1 points can be redeemed for either 1 Avios or 1p in cashback. 10,000 bonus points when £5,000 spent in first 3 months. Up to 20 free supplementary cards available.
Representative example: When you spend £1,200 at a purchase rate of 39.41% (variable) p.a., your representative rate is 39.9% APR (variable).
NatWest Business Credit Card (available to existing business customers)
16.9%
Year 1 - £0, Year 2 onwards - £30 per annum
N/A
24.3% (variable)
Go to site
Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £30 per annum, your representative rate is 24.3% APR (variable).
Royal Bank of Scotland Business Credit Card (available to existing business customers)
16.9%
Year 1 - £0, Year 2 onwards - £30 per annum
N/A
24.3% (variable)
Go to site
Representative example: When you spend £1,200 at a purchase rate of 16.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £30 per annum, your representative rate is 24.3% APR (variable).
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Compare up to 4 providers

Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

Repayment options

You can make manual repayments through Amazon's app, by logging in to your online banking or over the phone (0800 917 8043). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) or losing any promotional rates as a result.

You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

How to apply for the Amazon Business American Express Card

You can apply for an Amazon Business Prime credit card online by following these steps:

  1. Sign in to your Amazon account.
  2. Fill in your business and personal details on the application form.
  3. Review and submit your application.
  4. Wait for approval.

You’ll need to have an Amazon Business account to be eligible for the card, so if you don’t have an existing account, you’ll also need to complete the registration process as part of your application.

The verdict

The Amazon Business credit card is a good option for businesses who do quite a bit of spending on Amazon. With a decent purchase rate, and choice of additional reward points or extended payment terms, there’s a lot of flexibility in what you can get out of the card.

You also have the choice of using your reward points to cover Amazon purchases or taken off your monthly card statement, which can be helpful for businesses looking to improve their cash flow.

Frequently asked questions

What credit limit will I get with the Amazon Business American Express Card?

If Amazon is able to offer you this deal, the offer will specify a tailored credit limit based on Amazon's assessment of your situation and your business. The minimum limit offered on this card is £500 and Amazon does not specify a maximum. Once you've had the card for a while and shown Amazon that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Amazon Business American Express Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Amazon Business American Express Card is 3% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a fee of £7.50.

The interest rate on this part of your balance will be 27.1% (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

How much does it cost to use the Amazon Business American Express Card abroad?

Non-sterling transactions are subject to a 2.99% charge. For example, if you spend 200 euros (£171.97), it'll cost you around £5.14.

Can I get additional Amazon Business American Express Cards for my team?

Yes, you can request up to 25 more. There's no fee for additional cards. Plus, with additional cards, you could earn rewards at a faster rate.

Finder credit card ratings

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Our experts score business credit and charge cards to determine their value against similar products on the market. We look at a number of important factors, like the flexibility it offers, any rewards you can earn through company spending, account management tools, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

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