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 Prime American Express Card review 2021
Amazon's premium business card, the Amazon Business Prime credit card lets you get the most out of your Amazon business purchases.
You say: ★★★★★We say: ★★★★★
Doing its job: 4.5/5
In a nutshell:
Earn 2 points
per £1 spent with Amazon
Earn 1 point
per £2 spent elsewhere
|Annual/monthly fees||Year 1 - £0, Year 2 onwards - £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 2% 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 90 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.
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 Amazon purchases.
However, the reward point bonus only applies on the first £120,000 you spend each year, and reverts to 1% on any further purchases.
You can also earn reward points 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 £50 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
- Flexible reward options
- Competitive rate
- Earn reward points on all purchases
- £50 annual fee
- Cap on high reward point bonus rate
How does this card compare with other similar cards on the market?
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.
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" (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 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 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 Prime American Express Card abroad?
Non-sterling transactions are subject to a 2.99% charge. For example, if you spend 200 euros (£172.31), it'll cost you around £5.15.
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.