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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

IssuerAmerican Express
NetworkAmex
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 transfers26.1%
Balance transfer fee3%
Purchases26.1%
Purchases interest-free periodUp to 56 days
Cash advances31.4%
Minimum credit limit£500
Maximum credit limitSubject to status
Additional cards available25
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 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.
Potential costs★★★★★
Doing its job★★★★★
Extras★★★★★
Overall Finder rating★★★★★
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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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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

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

1 - 1 of 1
Name Product Purchases Annual / Monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
Finder Award
£100 GIFTCARD
Amazon Business Prime American Express Card
26.1%
£50. No annual fee for your first year or if you spend £8,000 or more on the Card each year.
2 points per £1 spent with selected partners
1 point per £2 spent elsewhere
37.2% APR (variable)
More Info
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.
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).
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The competition

Table: promoted then other popular deals
Name Product Purchases Annual / Monthly fees Rewards earn rate Representative APR Link Key benefit Representative example
Capital on Tap Business Credit Card
34.3%
£0
1 point per £1 spent
34.3% APR (variable)
Go to site
More Info
Uncapped 1% cashback on card spending. Exclusive savings at Dell, Hertz, Hotels.com and more. Upgrade to Capital on Tap Business Rewards Card for £99 pa to earn 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 34.3% (variable) p.a., your representative rate is 34.3% APR (variable).
CASHBACK
Barclaycard Payments Select Cashback Business Credit Card
25.3%
£0
1% cashback uncapped
25.3% APR (variable)
Go to site
More Info
Get 1% cashback uncapped on all your eligible business spending with a Barclaycard Select Cashback credit card. Subject to your financial circumstances and borrowing history. Eligibility and T&Cs apply.
Representative example: When you spend £1,200 at a purchase rate of 25.3% (variable) p.a., your representative rate is 25.3% APR (variable).
Capital on Tap Business Rewards Credit Card
34.3%
£99
1 point per £1 spent
34.3% APR (variable)
Go to site
More Info
Uncapped 1% cashback or Avios on card spending. Receive 10,000 bonus points when you spend £5,000 on your card in your first 3 months. Exclusive savings at Dell, Hertz, Hotels.com and more.
Representative example: When you spend £1,200 at a purchase rate of 34.3% (variable) p.a., your representative rate is 34.3% APR (variable). Annual fee £99 per year.
Barclaycard Select Business Charge Card
N/A (this product is a charge card).
£42 per annum
N/A
3.6% APR (variable)
Go to site
More Info
Access exclusive offers through Barclaycard Business Rewards. Including, but not limited to, exclusive pre-sale tickets plus discounts on hotel bookings, dining out and car hire. Terms apply.
British Airways American Express® Accelerating Business Card
26.3%
£250 per annum
1.5 points per £1 spent with selected partners
2 points per £1 spent elsewhere
104.3% APR (variable)
Go to site
More Info
Earn 30,000 Avios welcome bonus when you spend £5,000 in the first three months of Cardmembership. Earn 1.5 Avios for every eligible £1 spent on card and 2 On Business Points for every £1 spent with BA on eligible flights. 10,000 bonus Avios for every £20,000 spent (max £60,000 pa) per calendar year.
Representative example: When you spend £1,200 at a purchase rate of 26.3% (variable) p.a. with a fee of £250 per annum, your representative rate is 104.3% APR (variable).
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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:

  1. Sign in to your Amazon account online
  2. Complete the application form, including your business and personal details
  3. Review and submit your application
  4. 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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★★★★★ — Subpar
★★★★★ — Poor

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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