Amazon Business American Express Card review 2022

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

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Representative example: When you spend £1,200 at a purchase rate of 23.0% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £50 per annum, your representative rate is 33.8% APR (variable).

Earn 1.5 points

per £1 spent with Amazon

Earn 1 point

per £2 spent elsewhere

£100

Welcome giftcard

33.8%

Representative APR

Details

IssuerAmerican Express
NetworkAmex
Annual/monthly feesYear 1 - £0, Year 2 onwards - £50 per annum
Balance transfers23.0%
Balance transfer fee3%
Purchases23.0%
Purchases interest-free periodUp to 56 days
Cash advances28.3%
Minimum credit limit£500
Maximum credit limitNot specified
Additional cards available25
IncentiveLimited time offer: receive a £75 Amazon.co.uk Gift Card upon approval. Terms apply. 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.
Additional Rewards InfoAccess to tickets for must-see music, theatre and film events, often before they go on sale to the general public with American Express Experiences.
Introductory RewardsLimited time offer: receive a £75 Amazon.co.uk Gift Card upon approval. Terms apply.
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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 23.0% 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 £100 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

1 - 1 of 1
Name Product Purchases Annual/monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
£100 GIFTCARD
Amazon Business American Express Card
23.0%
Year 1 - £0, Year 2 onwards - £50 per annum
1.5 points per £1 spent with selected partners
1 point per £2 spent elsewhere
33.8% APR (variable)
Limited time offer: receive a £75 Amazon.co.uk Gift Card upon approval. Terms apply. 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 23.0% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £50 per annum, your representative rate is 33.8% APR (variable).
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Compare up to 4 providers

Other popular business cards

Table: promoted then other popular deals
Name Product Purchases Annual/monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
CASHBACK
Capital on Tap Business Credit Card
26.4%
£0
1 point per £1 spent
29.9% APR (variable)
Go to site
Earn 1% cashback for every £1 spent. Upgrade to Capital on Tap Business Rewards Card for £99 pa to choose between earning cashback or Avios and receive 10,000 bonus points when you spend £5,000 on your card in your first 3 months.
Representative example: When you spend £1,200 at a purchase rate of 26.4% (variable) p.a., your representative rate is 29.9% APR (variable).
NatWest Business Credit Card (only available to existing business customers)
16.9%
Year 1 - £0, Year 2 onwards - £30 per annum
N/A
24.3% APR (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).
AVIOS
Capital on Tap Business Rewards Credit Card
26.4%
£99
1 point per £1 spent
29.9% APR (variable)
Go to site
Earn points on all card spend. Points can be redeemed for Avios or 1% cashback. 10,000 bonus points when £5,000 is spent on card in first 3 months.
Representative example: When you spend £1,200 at a purchase rate of 26.4% (variable) p.a., your representative rate is 29.9% APR (variable).
CASHBACK
Barclaycard Select Cashback Business Credit Card Mastercard
21.9%
£0
1% cashback
21.9% APR (variable)
Go to site
Get 1% cashback uncapped on all your business spend and an additional 2% cashback on all spend with BT and EE. T&C's apply.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
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Compare up to 4 providers

Approval for any credit card will depend on your status. The representative APRs shown represent 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" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) 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 28.3% (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 (which is very standard). For example, if you spend 200 euros (£174.43), it'll cost you around £5.22 in fees.

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.

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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.

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