Amazon Business Prime American Express Card review 2021 | Finder UK

Amazon Business Prime American Express Card review 2021

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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: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £50 per annum, your representative rate is 32.6% APR (variable).

Earn 2 points

per £1 spent with Amazon

Earn 1 point

per £2 spent elsewhere

£50

Welcome giftcard

32.6%

Representative APR

Details

IssuerAmerican Express
NetworkAmex
Annual/monthly feesYear 1 - £0, Year 2 onwards - £50 per annum
Balance transfers21.9%
Balance transfer fee0%
Purchases21.9%
Purchases interest-free periodUp to 56 days
Cash advances27.1%
Min credit limit£500
Max credit limitNot specified
Additional cards available25
IncentiveEarn 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.

Expert review

Tom Stelzer

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 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

Pros

  • Flexible reward options
  • Competitive rate
  • Earn reward points on all purchases

Cons

  • £50 annual fee
  • Cap on high reward point bonus rate

How does this card compare with other similar cards on the market?

Amazon’s card

Data updated daily
Name Product Purchases Annual/monthly fees Rewards earn rate Rep. APR Link Incentive Representative example
Amazon Business Prime American Express Card
21.9%
Year 1 - £0, Year 2 onwards - £50 per annum
2 points per £1 spent with selected partners
1 point per £2 spent elsewhere
32.6% (variable)
Go to site
More Info
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.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a. with a fee of Year 1 - £0, Year 2 onwards - £50 per annum, your representative rate is 32.6% APR (variable).
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Compare up to 4 providers

The competition

Table: promoted then other popular deals
Data updated daily
Name Product Purchases Annual/monthly fees Rewards earn rate Rep. APR Link Incentive Representative example
Capital on Tap Business Credit Card
39.41%
£0
N/A
39.9% (variable)
Go to site
More Info
Upgrade to Capital on Tap Business Rewards Card for £99 pa to earn 1 point for every £1 spent. 1 point can be redeemed for either 1 Avios or 1p in cashback. 10,000 bonus points when £5,000 spent in first 3 months. Up to 20 free supplementary cards available.
Representative example: When you spend £1,200 at a purchase rate of 39.41% (variable) p.a., your representative rate is 39.9% APR (variable).
Capital on Tap Business Rewards Credit Card
39.41%
£99 p.a.
1 point per £1 spent
39.9% (variable)
Go to site
More Info
Earn 1 point for every £1 spent. 1 points can be redeemed for either 1 Avios or 1p in cashback. 10,000 bonus points when £5,000 spent in first 3 months. Up to 20 free supplementary cards available.
Representative example: When you spend £1,200 at a purchase rate of 39.41% (variable) p.a., your representative rate is 39.9% APR (variable).
British Airways American Express Accelerating Business Card
22.2%
£210 per annum
1.5 points per £1 spent
80.3% (variable)
Go to site
More Info
Earn 1.5 On Business Points for every £1 spent with BA on eligible flights and 1.5 Avios for every eligible £1 spent on credit card. Earn an extra 3,000 On Business Points annually when £20K or more spent by card anniversary.
Representative example: When you spend £1,200 at a purchase rate of 22.2% (variable) p.a. with a fee of £210 per annum, your representative rate is 80.3% APR (variable).
Allstar Plus ‘All-in-one’ Business Credit and Fuel Card
N/A (this product is a charge card).
Year 1 - £0.99 per card per month,
Year 2 onwards - £3.99 per card per month
N/A
N/A (this product is a charge card).
Go to site
More Info
Earn an introductory bonus of £150, up to 44 days interest free on purchases (subject to status), savings on fuel at 1,500 Discount Diesel sites plus a 10% saving on vehicle servicing, repair, tyres and car washes at venues nationwide.
American Express Gold Business Card
N/A (this product is a charge card).
Year 1 - £0, Year 2 onwards - £125
1 point per £1 spent
N/A (this product is a charge card).
Go to site
More Info
New Cardmember offer: Earn 50,000 bonus Membership Rewards® points when you spend £5,000 in first 3 months of Cardmembership. Offer ends 9th April 2021. Terms apply. Earn 1 Membership Rewards® point for every £1 spent thereafter.
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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.

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" (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.

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.

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