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.
Amazon Business American Express Card review 2021
Amazon has joined the business credit card game with two reward-focused cards, including the standard Amazon Business card.
You say: ★★★★★We say: ★★★★★
Doing its job: 4.5/5
In a nutshell:
Earn 1.5 points
per £1 spent with Amazon
Earn 1 point
per £2 spent elsewhere
|Annual/monthly fees||£50 per annum|
|Balance transfer fee||0%|
|Purchases interest-free period||Up to 56 days|
|Min credit limit||£500|
|Max credit limit||Not specified|
|Additional cards available||25|
|Incentive||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.|
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.
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
- Flexible reward options on purchases
- Points can be used on Amazon or taken off monthly statement
- £50 annual fee
- Bonus reward points only apply on Amazon purchases
How does it compare with other business cards?
You can make manual repayments through American Express'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:
- Sign in to your Amazon account.
- Fill in your business and personal details on the application form.
- Review and submit your application.
- 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 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 American Express is able to offer you this deal, the offer will specify a tailored credit limit based on American Express's assessment of your situation and your business. The minimum limit offered on this card is £500 and American Express does not specify a maximum. Once you've had the card for a while and shown American Express 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 (£173.24), it'll cost you around £5.18.
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.