Amazon Business Prime American Express Card: A Comprehensive Guide

For businesses that frequently shop on Amazon or use Amazon Web Services, the Amazon Business Prime American Express Card offers a wealth of benefits and rewards that could streamline expenses while maximizing returns on everyday purchases. This guide provides an in-depth look at the Amazon Business Prime Card, detailing its benefits, rewards structure, and application process.

Key Features of the Amazon Business Prime American Express Card

1. Annual Fee: $0
2. Rewards Rates:
   • 5% back or 90 days terms on U.S. purchases at Amazon Business, AWS, Amazon.com, and Whole Foods Market.
   • 2% back at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers.
   • 1% back on other eligible purchases.
3. Welcome Bonus: Eligible new cardholders can receive a one-time $125 Amazon.com gift card upon card approval.
4. Special Financing Options: Instead of receiving rewards, cardholders can opt for 90 days terms (interest-free period) on purchases made at Amazon Business, Amazon.com, and AWS.

Benefits Tailored for Businesses

• Expense Management Tools: Cardholders have access to tools that help manage expenses and track company purchases. These include the ability to download purchase records easily into common accounting software.
• Enhanced Data Views: Provides line-item details on transactions made on Amazon, which can be crucial for accounting and tracking business spending.
• No Foreign Transaction Fees: Makes this card an excellent option for businesses with international dealings.
• Employee Cards at No Additional Cost: This feature allows businesses to set spend limits and helps accumulate rewards from all purchases, not just those made by the primary cardholder.

Eligibility and Application Process

To apply for the Amazon Business Prime American Express Card, applicants must meet the following criteria:

1. Amazon Prime Membership: Applicants must have an active Amazon Prime or Business Prime membership. If you are not a member, you must sign up for a membership during the application process.
2. Business Credentials: Provide details about your business, including your Tax ID number and basic information about annual revenue and industry type.
3. Personal Guarantee: Most applications will require a personal guarantee, which means the primary applicant’s personal credit history may be considered.

Step-by-Step Application Process

1. Visit the Amazon Business Site: Start the application process by visiting the Amazon Business section on Amazon.com.
2. Log In: You will need to log in with your Amazon credentials linked to your business account.
3. Provide Business Information: Fill in the necessary details about your business as prompted. This will include financial information and business classification.
4. Decide on Cardmember Agreements: You will be asked to choose between earning rewards or opting for the special financing terms.
5. Submit Your Application: After entering all necessary information, submit your application. The approval can be instant, or it may take a few days if further review is needed.
6. Await Your Card: Once approved, your card will be sent via mail and should arrive within 7-10 business days.

Using Your Card Effectively

• Maximize Your Rewards: To fully benefit from the card, use it for all your business purchases on Amazon and AWS, where you get the highest rewards rate.
• Redeem Rewards Wisely: Rewards can be directly applied to purchases at checkout on Amazon or redeemed for cash back, gift cards, or travel expenses.
• Manage Employee Spending: Utilize the tools provided to control and monitor how employee cards are used to ensure compliance with company spending policies.

Conclusion

The Amazon Business Prime American Express Card is a powerful tool for businesses that frequently use Amazon’s vast array of products and services. Its reward system is designed to cater to the needs of growing businesses, offering back on everyday business expenses in addition to special benefits for purchases made on Amazon. Whether you are looking to streamline your business spending or maximize returns on operational expenses, this card offers compelling reasons to consider it as your business credit card solution.

Before applying, ensure that you meet the eligibility requirements and understand the card’s features and benefits to make the most of its offerings. Proper use of the Amazon Business Prime American Express Card can lead to significant savings and improved efficiency in managing business expenses.