Amazon Business American Express Card review
- Representative example:
- When you spend £1,200 at a purchase rate of 28.3% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £50 per annum, your representative rate is 39.7% APR (variable).
- Earn rate at Amazon
- 1.5 points per £1 spent
- Earn rate (elsewhere)
- 1 point per £1 spent
- Welcome giftcard
- £100
Our verdict
Amazon has joined the business credit card game with two reward-focused cards, including the standard Amazon Business card.
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 28.3% 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
-
Flexible reward options on purchases
-
Points can be used on Amazon or taken off monthly statement
Cons
-
Year 1 - £0, Year 2 onwards - £50 per annum annual fee
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Bonus reward points only apply on Amazon purchases
Details
Product overview
| Issuer | American Express |
| Network | Amex |
| Annual/monthly fees | Year 1 - £0, Year 2 onwards - £50 per annum |
| Balance transfers | 28.3% |
| Balance transfer fee | 3% |
| Purchases | 28.3% |
| Purchases interest-free period | Up to 56 days |
| Money transfers | 28.3% |
| Cash advances | 33.7% |
| Minimum credit limit | £1,500 |
| Maximum credit limit | Subject to status |
| Additional cards available | 20 |
| 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. |
| Additional Rewards Info | Access 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 Rewards | Get a welcome offer of £25 in value and receive a further £75 when you spend £1,000 in the first 3 months of Card Membership. |
| Potential costs | 3.5 ★★★★★ |
| Doing its job | 4.0 ★★★★★ |
| Extras | 5.0 ★★★★★ |
| Overall Finder score | 4.0 ★★★★★ |
Fees and charges
| Minimum monthly payment | 2% or £25 (whichever is greater) or the total of any interest, default fees and charges, 1/12th of annual fee plus 2% of the outstanding balance. |
| Annual/monthly fees | Year 1 - £0, Year 2 onwards - £50 per annum |
| Balance transfer fee | 3% |
| Foreign usage charge (EU) | 2.99% |
| Foreign usage charge (rest of world) | 2.99% |
| Cash advance fee | 3% (min. £3) |
| Late payment fee | £12 |
| Duplicate statement fee | £2 |
| Exceeding limit fee | £0 |
| Additional card fee | £0 |
| Additional card fee note | Up to 99 complimentary Supplementary Cards |
| Dormancy fee | £0 |
How does it compare?
Amazon's card
Other popular business cards
Approval for any credit card depends 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. Most of the data in Finder's comparison tables is provided by Moneyfacts.
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:
- 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.
Customer support
To contact customer support for the Amazon Business American Express® Card, you can phone 0800 731 0146.
The bottom line
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 offers you this deal, it 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 £1,500, and Amazon does not specify a maximum. Once you've had the card for a while and shown Amazon 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 33.7% (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 (£171.54), it'll cost you around £5.13 in fees.
Can I get additional Amazon Business American Express Cards for my team?
Yes, you can request up to 20 more. There's no fee for additional cards. Plus, with additional cards, you could earn rewards at a faster rate.
Finder credit card scores
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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