A Review of The American Express Business Prime Membership by Amazon

Dec 26, 2023 By Triston Martin

The Amazon Business Prime American Express is, as the name implies, geared for Amazon Prime members who take advantage of the free two-day delivery and other perks offered by Amazon.com.

Its distinctive benefits, however, remain valid at Whole Foods Markets, Amazon Web Services, and other Amazon establishments for a full ninety days after making a purchase with no interest charged. Although there is no annual charge for the card itself, cardholders must pay $139 annually for Prime membership to enjoy all of the perks that come with it.

Overview of Amazon Business Prime American Express Credit Card

You may get 5 percent cash back on purchases made at Amazon and Whole Foods Market with the Amazon Business Prime American Express Credit Card, or you can choose to forgo the benefits for a 0% interest period on purchases made during the first 90 days.

If your company is experiencing a temporary lull in its cash flow and you'd want to put off making any interest payments, this may be a good alternative to consider. Compared to the rates offered by other business credit cards, the fact that you may get 5% cash back on Amazon purchases is a significant benefit.

American Express Amazon Business Prime One-Time Bonus

As a one-time bonus for getting approved for the Amazon Business Prime American Express Card, new cardholders will get a $125 Amazon.com Gift Card.

Particulars on Points and Rewards

With the Amazon Business Prime American Express Card, it's easy to rack up rewards. If you spend more than $80,000 a year on Amazon, Amazon will give you 5% of your purchase price back.

Buying from Whole Foods Market and Amazon Business is also included. Buyers on Amazon, however, are under no obligation to participate in the cash-back program. You can pay for your purchases in whole and without interest if you give yourself 90 days.

Besides the main path, there are additional methods to acquire benefits. Spending at U.S. petrol stations and restaurants, as well as on wireless phone services paid directly to U.S. providers, all get 2% cash back. You'll get 1% back on all other purchases except for food.

Points Transferred

This card does not allow you to transfer points to other players. Cardholders receive cash rewards, but not in the form of Membership Rewards points like they would with certain other American Express credit cards. Because of this, there is less leeway in redeeming and no transfer partners.

Getting The Most Out of Your Benefits

Since this card is tailored toward Prime members and delivers the most valuable points for Amazon purchases, it makes sense to utilize it whenever possible. Consider how the 2% cash back on eating, cellular, and petrol expenditures stacks up against the cash back you get from other cards you may hold.

Finally, if you have more than one person making purchases for the company, apply for several cards for them. Having more people use the company credit card will increase the likelihood that as many purchases as feasible will receive rewards.

Impact on Cardholders

In the U.S. Small Business Credit Card Satisfaction Study conducted by J.D. Power in 2021, American Express came out on top. They scored far above average.

Measures For Safety

Most of what Amex has to offer is ordinary fare. A dispute resolution method exists to aid with fraudulent transactions, and chip technology is intended to strengthen security.

Complementary Cards For This Card

It's recommended that you use a different business credit card, such as the American Express Business Gold Card, for the majority of your spending since it offers a higher rewards rate on categories like gas and groceries as well as travel, in addition to the 1 percent cash back you get on non-bonus purchases. For example, the Ink Business Unlimited Credit Card provides you a flat 1.5 percent cash back on all transactions.

Our Verdict

Incorporated into Amazon Business Prime If you're a company owner who uses Amazon for a significant portion of your firm's spending and you already have either Amazon Prime or Amazon Business Prime, American Express may be a good option.

The card's added allure is a source of short-term finance for your spending at Amazon, including at AWS, thanks to the possibility to take rewards on Amazon purchases as interest-free loans for up to 90 days.

Even though there is no annual cost, you need an Amazon Prime subscription to get the most out of the card's features. It's debatable if the cost of getting the card itself is worth it if you still need to get one. Let's say you use the card for half your purchases at Amazon and a half at gas stations, restaurants, and on your mobile phone service.

Related Articles