100% of American Express customers in our 2023 customer satisfaction survey would recommend the brand to a friend
Acceptance at smaller merchants remains an issue
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Amazon Business Prime American Express Card review 2023
Amazon's premium business card, the Amazon Business Prime credit card lets you get the most out of your Amazon business purchases.
- Choice of bonus reward points or extended terms on Amazon purchases.
- You’ll need to be a regular Amazon Business Prime user to enjoy the full benefits.
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Representative example: When you spend £1,200 at a purchase rate of 25.5% (variable) p.a. with a fee of £50 (no annual fee for your first year or if you spend £8,000 or more on the Card each year), your representative rate is 36.6% APR (variable).
Earn 2 points
per £1 spent with Amazon
Earn 1 point
per £2 spent elsewhere
£100
Welcome giftcard
37.2%
Representative APR
Details
| Issuer | American Express |
|---|---|
| Network | Amex |
| Annual/monthly fees | £50. No annual fee for your first year or if you spend £8,000 or more on the Card each year. |
| Balance transfers | 26.1% |
| Balance transfer fee | 3% |
| Purchases | 26.1% |
| Purchases interest-free period | Up to 56 days |
| Cash advances | 31.4% |
| Minimum credit limit | £500 |
| Maximum credit limit | Subject to status |
| Additional cards available | 25 |
| Incentive | Earn 2% Amazon Rewards for every £1 spent on selected Amazon purchases and 0.5% Amazon Rewards for every £1 spent on all purchases elsewhere. |
| 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. |
| Potential costs | ★★★★★ |
| Doing its job | ★★★★★ |
| Extras | ★★★★★ |
| Overall Finder rating | ★★★★★ |
Review by
Tom Stelzer
tom.stelzer@finder.comTom 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
Like the basic Amazon Business card, the Amazon Business Prime cards offer a choice of Amazon reward points (2%) or 90 day terms on UK purchases with Amazon.co.uk, Amazon Business and Whole Foods Markets.
However, the reward point bonus only applies on the first £120,000 you spend each calendar year, and reverts to 1% on any further purchases.
You can also earn back 0.5% on any other purchases, and points can be redeemed towards future Amazon purchases, or taken off your monthly card statement.
If you’re not an existing member, you’ll also receive a free year of Amazon Business Prime when you sign up. Existing Business Prime members will get a £100 Amazon gift card when they sign up.
The card normally has a £50 annual fee, but this is waived as part of your Amazon Business Prime membership.
Pros and cons
Pros
- You can extend payment terms by 90 days on each Amazon purchase, instead of earning rewards
- Flexible reward options
- Competitive purchase rate
- Earn reward points on all your purchases
Cons
- Annual fee of £50 per annum, this is waived if you have Amazon Business Prime membership or spend more than £8,000
- Representative APR is relatively high compared to other business credit cards
- Cap on high reward point bonus rate
How does this card compare with other similar cards on the market?
Amazon’s card
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The competition
Table: promoted then other popular deals
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 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 Prime American Express Card
To apply for an Amazon Business credit card, you’ll need to complete the following steps:
- Sign in to your Amazon account online
- Complete the application form, including your business and personal details
- Review and submit your application
- Wait for approval
You’ll also need to have an Amazon Business account to be approved for the card. If you don’t have an existing account, you’ll need to register for one as part of your application.
The verdict
Overall, the Amazon Business Prime credit card should prove a popular option for regular Amazon business customers looking to get the most out of their spending. With the option of generous Amazon Rewards or extended terms on Amazon purchases, it also offers a lot of flexibility in how you use your card, a definite bonus for businesses looking to better manage their spend and cash flow.
Frequently asked questions
What credit limit will I get with the Amazon Business Prime 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 Prime 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 Prime 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 31.4% (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 Prime 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 (£175.92), it'll cost you around £5.26 in fees.
Can I get additional Amazon Business Prime 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.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.