Amazon Business Prime Card review 2023: Choose rewards or 90-day financing on every purchase (2023)

The no-annual-fee Amazon Prime Business American Express Card*The information for the Amazon Prime Business American Express Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. (terms apply) offers Prime Business members a unique choice between earning rewards or 90-day payment terms on eligible U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market.

Amazon Business Prime Card basics

• Annual fee: $0.
• Welcome bonus: $125 Amazon.com gift card upon approval.
• Rewards: 5% back in rewards on the first $120,000 spent each calendar year or 90 Days Terms on eligible U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market with an eligible Prime membership. Earn 2% at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers and 1% on other purchases.
• APR: 19.49% to 27.49% variable APR on purchases.
• Foreign transaction fees: None.
• Other benefits: Set spending limits on Employee Cards, Global Assist Hotline¹, lowest hotel rates guaranteed when qualifying hotel rates are booked through amextravel.com, return protection², add up to 99 total Employee Cards to your account, baggage insurance³, secondary car rental insurance⁴ and extended warranty⁵.
• Does the issuer offer a pre-approval tool? No.
• Recommended credit score: Good to excellent.

About the Amazon Business Prime Card

Business owners who are Prime members and who rely heavily on Amazon-related products and services could benefit from getting the Amazon Business Prime Card.

The card earns 5% back in rewards on the first $120,000 spent each calendar year or 90 Days Terms on eligible U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market with an eligible Prime membership. Earn 2% at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers and 1% on other purchases.

There is no annual fee for the Amazon Business Prime Card, but a Prime membership is required. Eligible Prime memberships required to qualify for the card include:

• Regular Prime memberships (either annual or monthly).
• Prime Student membership (either annual or monthly).
• Trial Prime membership (either annual or monthly).
• U.S. Business Prime membership (either trial or paid).
• U.S. Amazon Business accounts that get shipping benefits from an Amazon.com account with a monthly or annual Prime membership.

There is a non-Prime member version of the card that is nearly identical to the Prime version — the Amazon Business American Express Card*The information for the Amazon Business American Express Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer. (terms apply) — but it offers a lower rewards rate of: 3% back in rewards on the first $120,000 in purchases each calendar year (1% back thereafter) or 60 Day Terms on eligible U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market. Earn 2% back at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers and 1% back on all other eligible purchases.

An important consideration when it comes to this card is if you will earn enough back in rewards to outweigh the cost of the Business Prime membership. Although the card itself has no annual fee, if you can use it to offset your Business Prime membership, that’s a win for any size business. With so many membership levels and prices, that will be a different answer for everyone and someone who uses a service like Amazon’s AWS is likely going to spend more money on the card than someone who uses it to buy office supplies for their mom-and-pop business.

Pros

• Add up to 99 total Employee Cards to your account.
• No foreign transaction fees.
• Choose either cash back or 90-day interest-free financing on eligible U.S. purchases.
• Some travel benefits, such as baggage insurance³ and car rental protection⁴.

Cons

• Amazon Business Prime membership required.
• No intro APR offer.
• Low welcome offer.
• Limited rewards redemption options.

Amazon Business Prime Card rewards

The Amazon Business Prime Card offers business owners with a Prime membership a choice to either: Earn solid rewards or get special payment terms on eligible U.S. Amazon-related purchases. Unlike other cards that may come with a low introductory APR offer, you can choose special financing over rewards on select U.S. purchases through Amazon or Whole Foods.

If you do pick rewards, the card offers 5% back in rewards on the first $120,000 spent each calendar year or 90 Days Terms on eligible U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market with an eligible Prime membership. Earn 2% at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers and 1% on other purchases. Also, purchases using the 90-day payment terms don’t count toward the $120,000 spending cap.

The rewards earned are tracked as points and 100 points earned is equal to $1. For example, you can earn 500 points for every $100 in purchases. Those 500 points can be redeemed for $5, which would amount to 5% back on that purchase.

A major drawback to the rewards program is that you only have two options for redemption points: Either at the time of payment for Amazon or Amazon Business purchases or as statement credits against card purchases. Plus, you must have at least 1,000 available points accrued in order to redeem them, but you can use your card to cover any overage if your points cache doesn’t completely cover a purchase.

Still, the rewards are generous, particularly for those who do a lot of spending with the brand (and if you have a Prime membership, it’s likely that you do). And the option to get extra time to pay off every Amazon purchase is unbeatable.

Amazon Business Prime Card rewards potential

Since businesses vary in size and types of expenses, it can be hard to evaluate exactly how much they can earn in rewards to determine the rewards potential of the Amazon Business Prime Card.

That said, using government data and other publicly available information for businesses in the United States that could be in the market for this card, we’ll use an example of an online business with $36,000 in expenses in the first year or around $3,000 a month.

Based on that data, we calculated the following rewards potential for a small business with the following monthly spending scenarios:

Remember that you’ll be required to pay for either an Amazon Prime membership ($139 annually) or an Amazon Business Prime membership to qualify for this card. The Amazon Prime Business membership has five tiers, starting at $69 annually for a single user up to a whopping $10,099 annually for over 100 users.

Amazon Business Prime Card APR details

The Amazon Business Prime Card comes with a 19.49% to 27.49% variable APR on purchases.

While there is no 0% intro APR offer, cardholders can elect to finance purchases for 90 days with no interest, but will not receive rewards on those purchases. Any remaining balance after the 90-day interest-free period will be subject to the card’s ongoing APR.

Amazon Business Prime Card perks

The Amazon Business Prime Card offers an array of cardholder benefits, including:

• Baggage insurance. You are covered for up to $1,250 per covered person for a covered loss for carry-on luggage and up to $500 per cardholder for checked-in luggage when traveling on a common carrier vehicle (such as a plane, ship, bus or train).³
• Car rental loss and damage insurance. Cardholders are protected up to $50,000 per rental agreement for any damage or theft of a rental vehicle in a covered territory when using the card for the rental and declining coverage provided by the car rental provider. This is secondary coverage, meaning your personal or business insurance coverage will be filed first.⁴
• Global Assist Hotline. Get help preparing for your trip and when traveling more than 100 miles away from home. Cardholders can rely on assistance with lost passports, translation services, missing luggage and emergency legal and medical referrals. Third-party charges will apply.¹
• Lowest Hotel Rates Guarantee. If you book a qualifying hotel rate on amextravel.com, and then find the same room, in the same hotel, for the same dates, the same number of children and adults, the same rate type and cancellation policy at a lower price online, before taxes and fees — American Express will refund you the difference.
• Extended warranty protection. Purchase warranties are doubled up to one year on eligible warranties of five years or less up to a maximum of $10,000 per claim and $50,000 per cardholder.⁵
• Purchase protection. Purchases are covered up to 90 days from the date of purchase up to $1,000 per covered purchase and up to $50,000 per eligible card per year. If a purchase is lost or damaged due to a natural disaster, up to $500 is covered per purchase protection covered event.⁶
• Return protection. Eligible items charged to your card that are refused for return from the merchant within 90 days of purchase can be refunded up to $300 per item, minus any shipping and handling, up to a maximum of $1,000 per card member per year.²
• Employee Cards. Add up to 99 total Employee Cards to your account. Plus, spending limits can be set up for each Employee Card as well as Employee Card category alerts if and when an employee makes a purchase at an approved or unapproved merchant.
• American Express Early Access and Experiences. Cardholders get exclusive access to American Express Early Access tickets for select events and seats as well as exclusive access to American Express Experiences during specified sales periods, in select cities.
• No foreign transaction fees. You can use this card when traveling abroad without having to worry about pesky fees for purchases made in a foreign currency.

How the Amazon Business Prime Card compares to other rewards cards

Amazon Business Prime Card vs. Amazon Business American Express Card*The information for the Amazon Business American Express Card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

If your business is not a Prime member, but you’d still like to earn rewards on your Amazon purchases, you may want to consider the Amazon Business Card.

The non-Prime version of the card offers a lower welcome bonus of a $100 Amazon Gift Card upon approval and earns lower rewards: Earn 3% back in rewards on the first $120,000 in purchases each calendar year (1% back thereafter) or 60 Day Terms on eligible U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market. Earn 2% back at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers and 1% back on all other eligible purchases. The Amazon Business Card also has a $0 annual fee and comes with all the benefits of the Amazon Business Prime Card but doesn’t come with a potentially pricey Prime membership requirement to apply.

Amazon Business Prime Card vs. Ink Business Cash® Credit Card

If you don’t rely heavily on Amazon for purchases, cloud computing or other business spending needs, check out the Ink Business Cash® Credit Card. The no-annual-fee card tailors its rewards program to common business expenses without any membership requirement earning 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year, and 1% cash back on all other purchases. However, it does have a foreign transaction fee of 3% of each transaction in U.S. dollars, which the Business Prime card does not.

Plus, there’s a welcome bonus that surpasses what the Amazon Business Prime Card offers: Earn $750 cash back after spending $6,000 on purchases in the first three months of account opening. However, the Ink Business Cash has a 0% intro APR on purchases for 12 months, then a variable APR of 18.49% to 24.49% applies. If you’re looking to finance purchases repeatedly, the Amazon Business Prime Card is likely the better choice — otherwise the Ink Business Cash will probably be a better choice for most.

Amazon Business Prime Card vs. Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card*The information for the Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card has been collected independently by Blueprint. The card details on this page have not been reviewed or provided by the card issuer.

Another $0-annual-fee business card to consider is the Bank of America Business Advantage Customized Cash Rewards Mastercard. The card earns 3% cash back in the category of choice, 2% cash back on dining and 1% cash back on all other purchases. Earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year and then 1% thereafter. Those elevated rewards categories include gas stations and EV charging stations, office supply stores, travel, TV/telecom & wireless, computer services or business consulting services.

Notably, if you have a business checking account with Bank of America and qualify for its highest Preferred Rewards for Business tier, you can earn up to 75% more cash back on every purchase, which means you can earn up to 5.25% cash back in the selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in combined purchases each calendar year as well as up to an unlimited 1.75% cash back on all other purchases. Depending on your spending patterns this could be worth more to you than the Amazon Business Prime Card.

Your rewards earnings can be deposited into your Bank of America checking or savings account or used as a statement credit or request for a check mailed to you. New cardholders can get a $300 statement credit after spending $3,000 on purchases in the first 90 days of account opening. And the card also comes with a 0% intro APR on purchases for the first nine billing cycles, then a 18.49% to 28.49% variable APR on purchases and balance transfers. A balance transfer fee of 4% of each transaction applies. The right card between the two will depend on where you spend the most, if you have a business checking account with Bank of America, and/or how much you value ongoing financing opportunities on your purchases over earning rewards.

Should you get the Amazon Business Prime Card?

Unless your business is deeply embedded in spending with Amazon, there are other business cards that may be more rewarding. But if you already have a Business Prime account and rely on all of its program’s tools and offerings, then the Amazon Business Prime Card could work to your advantage by providing some valuable benefits and savings on your purchases.

Business Prime members can take advantage of business-only price offers, quantity discounts, analytics tools, free shipping on eligible items, consolidated shipping on select items, access to industry specific equipment and more.

If you were to max out the card’s $120,000 spending cap every year in the elevated rewards category, that could bring in $6,000 in rewards. But if your business spending with Amazon is limited, you’d probably be better off with another business credit card that rewards you for spending in the categories where you concentrate the most.

Amazon Business Prime Card summary

^{¹You can rely on Global Assist Hotline 24 hours a day / 7 days a week for medical, legal, financial or other select emergency coordination and assistance services while traveling more than 100 miles away from your home. Third-party service costs may be your responsibility. Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Card Members are responsible for the costs charged by third-party service providers.}

^{²With Return Protection, you may return eligible purchases to American Express if the seller won’t take them back up to 90 days from the date of purchase. American Express may refund the full purchase price excluding shipping and handling, up to $300 per item, up to a maximum of $1,000 per calendar year per Card account, if you purchased it entirely with your eligible American Express® Card. Purchases must be made in the U.S. or its territories. Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details.}

^{³Baggage Insurance Plan coverage can be in effect for Eligible Persons for eligible lost, damaged, or stolen Baggage during their travel on a Common Carrier (e.g. plane, train, ship, or bus) when the entire fare for a Common Carrier Vehicle ticket for the trip (one-way or round-trip) is charged to an eligible Account. Coverage can be provided for up to $1,250 for carry-on Baggage and up to $500 for checked Baggage, in excess of coverage provided by the Common Carrier (e.g. plane, train, ship, or bus). For New York State residents, there is a $10,000 aggregate maximum limit for all Covered Persons per Covered Trip. Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.}

^{⁴Car Rental Loss and Damage Insurance can provide coverage up to $50,000 for theft of or damage to most rental vehicles when you use your eligible Card to reserve and pay for the entire eligible vehicle rental and decline the collision damage waiver or similar option offered by the Commercial Car Rental Company. This product provides secondary coverage and does not include liability coverage. Not all vehicle types or rentals are covered. Geographic restrictions apply. Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company. Car Rental Loss or Damage Coverage is offered through American Express Travel Related Services Company, Inc.}

^{⁵When an American Express® Card Member charges a Covered Purchase to an Eligible Card, Extended Warranty can provide up to one extra year added to the Original Manufacturer’s Warranty. Applies to warranties of five (5) years or less. Coverage is up to the actual amount charged to your Card for the item up to a maximum of $10,000; not to exceed $50,000 per Card Member account per calendar year. Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.}

^{⁶When an American Express® Card Member charges a Covered Purchase with their Eligible Card, Purchase Protection can help protect their Covered Purchases for up to 90 days from the Covered Purchase date if it is stolen or accidentally damaged. The coverage is limited up to $1,000 per occurrence, up to $50,000 per Card Member account per calendar year. Eligibility and Benefit level varies by Card. Terms, Conditions and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by AMEX Assurance Company.}