You say: ★★★★★We say: ★★★★★
Earn 2 points
per £1 spent with Amazon
Earn 1 point
per £2 spent elsewhere
£100
Welcome giftcard
32.6%
Representative APR
| Issuer | American Express |
|---|---|
| Network | Amex |
| Annual/monthly fees | Year 1 - £0, Year 2 onwards - £50 per annum |
| Balance transfers | 21.9% |
| Balance transfer fee | 0% |
| Purchases | 21.9% |
| Purchases interest-free period | Up to 56 days |
| Cash advances | 27.1% |
| 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. |
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.
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 £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.
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.
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.
| Minimum amount | Fixed amount | Fixed percentage | Full amount |
|---|---|---|---|
To apply for an Amazon Business credit card, you’ll need to complete the following steps:
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.
If Amazon is able to offer you this deal, the offer 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 £500 and Amazon does not specify a maximum. Once you've had the card for a while and shown Amazon that you're reliable, you may wish to apply for a credit limit increase.
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 27.1% (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).
Non-sterling transactions are subject to a 2.99% charge. For example, if you spend 200 euros (£171.12), it'll cost you around £5.12.
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.
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.
