The Amazon Business American Express Card is one of the best business credit cards for ongoing rewards. You should consider applying for this card if you have
good credit or higher personally and your business spends a lot at Amazon and Whole Foods, as well as restaurants and gas stations in the U.S.
This Amazon business credit card is worthwhile because it has a
$0 annual fee and delivers lots of opportunities to rack up rewards. You can get 3% back on purchases from Amazon.com, Amazon Business, AWS and Whole Foods (on the first $120,000 per year). The card also gives you 2% back on purchases at U.S. restaurants and U.S. gas stations, as well as on wireless phone services purchased directly from U.S. providers. All other purchases yield 1% back.
The Amazon Business Amex Card has a fairly high regular APR and does not offer low introductory rates on purchases or balance transfers.
Key Things to Know About the Amazon Business Credit Card
Annual Fee: $0
Most business credit cards with top-tier rewards charge annual fees. But the Amazon business credit card’s
$0 annual fee only saves cardholders about
$26.75 per year compared to the average credit card overall.
Initial Bonus: $100
New cardholders can earn a bonus of at least
$100 when they apply and get approved, in the form of an Amazon gift card. This is below average in terms of value, but it’s a lot easier to get than most credit card bonuses.
Regular Rewards Rate: 1 - 3 points / $1
Specifically, cardholders can earn
3 points per $1 spent at Amazon and Whole Foods Market (up to $120,000 each year), 2 points per $1 spent at U.S. restaurants and U.S. gas stations, 2 points per $1 spent on wireless telephone services purchased directly from U.S. service providers, as well as 1 point per $1 spent on all other purchases.
How rewarding the card will be depends on how much you spend in its bonus rewards categories. For context, the base rewards rate of 1% back is roughly average for a credit card. If you’d prefer flat-rate rewards, some of the best cards offer 2% back, or more, on all purchases.
APR: 17.99% - 25.99% (V)
The exact rate that you’ll be assigned if you get approved depends on your overall creditworthiness. In any case, it’s best to pay your bill in full each month in order to avoid interest charges entirely. Paying interest at a rate this high will quickly get expensive.
To give you a sense of how this range compares to rates across the market, the average credit card offer has a regular APR of
22.76%, while the average business credit card charges
21.47%.
Foreign Transaction Fee: 0%
This means you won’t have to pay extra when making purchases while abroad or through internationally based suppliers. But remember, a lot of this card’s rewards appeal is tied to spending through U.S. companies.
Other Perks: Employee cards and more
Amazon business credit cards provide helpful expense-tracking tools, special pricing on eligible purchases, and free employee cards with customizable spending limits, among other benefits.
Requirements: Standard for a store-affiliated card
You need
good credit or better, a U.S. mailing address, and a Social Security number. You also need to be 18+ years old and have enough income to afford the monthly bill payments, among others.
If you don’t know what your credit score is, you can
check it for free here on WalletHub.
More Options: Available for businesses and consumers
The Amazon Business American Express Card is not the only Amazon credit card on the market right now. It’s not even the only option for business owners. There’s also the
Amazon Business Prime American Express Card, which provides better rewards but is reserved for Amazon Prime members.
There are additional options for consumers, too. Depending on your specific situation, it could make sense to consider any of the current
Amazon credit card offers.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
