April 23, 2024

Enterprise house owners have many choices to select from when contemplating enterprise bank cards. The Amazon Enterprise Prime Card could also be a good selection for individuals who spend some huge cash at Amazon-owned properties for his or her enterprise bills. Learn on for an in depth overview so you’ll be able to decide if it’s the best choice for you.

TIME’s Take

The card_name is a strong contender for enterprise house owners who make purchases on Amazon. You may earn 5% again on purchases at any Amazon-owned property and redeem these factors on further Amazon purchases. You may select 90 Day Phrases on U.S. purchases at Amazon.com curiosity as a substitute of incomes factors. Additionally, should you don’t need to use your factors on Amazon purchases, you’ll be able to redeem them for assertion credit score as a substitute.

Who’s the cardboard for?

The card_name is a strong alternative for small enterprise house owners who primarily buy the gadgets essential to run their enterprise from Amazon.com, Amazon Net Companies, and Entire Meals. You’ll benefit from the highest cash-back rewards (5%) when buying items or companies from these shops. Earn 5% again on the primary $120,000 in purchases every calendar 12 months with eligible Prime Membership, and 1% Again thereafter.(Phrases & cap apply). In case you have a tendency to buy your small business wants elsewhere, you’ll solely get 1% money again on all different eligible purchases —and there are higher offers elsewhere.

Rewards construction

This card’s rewards are ideally structured for enterprise house owners who spend some huge cash at Amazon-owned properties, comparable to Amazon.com, Amazon Enterprise, or Amazon Net Companies. Study extra about incomes and redeeming rewards with the card_name.

Incomes rewards

With an card_name, you’ll earn a formidable 5% money again on purchases from any retailer or website that falls beneath the Amazon umbrella. This consists of purchases from Amazon Enterprise, Amazon.com, Amazon Net Companies, and Entire Meals shops. Nonetheless, there’s a catch—the 5% money again is barely legitimate on the primary $120,000 value of purchases per calendar 12 months. After that the cash-back quantity drops to 1%.

You’ll additionally earn 2% money again on purchases at U.S. eating places, fuel stations, and wi-fi cellphone companies purchases immediately from service suppliers. All different purchases will earn 1% money again year-round, with no cap. That is comparatively low in contrast with many different playing cards, which is why enterprise house owners who don’t spend some huge cash on Amazon-related purchases might want to decide on a unique card for his or her enterprise wants.

5% on first $120,00 per calendar 12 months, 1% thereafter

U.S. eating places, fuel stations, and wi-fi cellphone suppliers

Redeeming rewards

There are two methods to redeem rewards with the card_name. The primary is to redeem factors for purchases on Amazon.com and its subsidiaries; the second is to make use of the factors as a press release credit score.

  • Redeeming rewards on Amazon. To redeem rewards this manner, you’ll add your buy to your cart and select “Store with Factors” at checkout. You may select to redeem some or your whole factors, and you may cut up them as much as pay partially with factors and partially with money.
  • Redeeming rewards as assertion credit score. You can too redeem rewards as a press release credit score, which decreases your bank card invoice. That is legitimate on all purchases utilizing this card, not simply Amazon.com purchases.

Further hidden perks

Along with the Amazon-centric rewards, this card gives a number of particular perks for enterprise house owners, together with easy expense administration, journey safety, buy and return safety, and no overseas transaction charges.

90-day phrases

Whereas the primary perk of this card is the 5% money again on Amazon purchases, you’ll be able to select to go for the Cost Phrases choice as a substitute. This characteristic lets you finance a purchase order for 90 days with out accruing further curiosity.

Expense administration

Being an card_name cardholder, offers you entry to a lot of instruments to assist handle your small business bills. These embrace:

  • Account Supervisor. This device lets you assign a selected worker to handle sure elements of your American Categorical account, together with monitoring transactions, reviewing funds, and including Worker Playing cards.
  • Worker Playing cards. Including Worker Playing cards permits your workers to earn money again or select cost phrases on eligible purchases.
  • Hyperlink to QuickBooks. You may join your card to have your bills be mechanically tagged together with your QuickBooks expense classes for simpler bookkeeping.
  • 12 months-end abstract. On the finish of the 12 months, you’ll obtain a abstract of all purchases by month and buy kind.
  • On-line statements. Permits you to view your buy historical past, create studies, and create budgets for your small business bills.
  • Vendor Invoice Pay from Invoice.com. Your card_name lets you pay distributors by means of Invoice.com for no month-to-month price.

Journey safety

In case you or your workers journey regularly for enterprise, the card_name can assist. The cardboard gives rental automobile insurance coverage as much as $50,000 for the primary 30 consecutive days, and baggage insurance coverage protection from $500 to $1,250. The cardboard additionally has foreign_transaction_fee overseas transaction charges.

Buy and return safety

This profit offers you buy safety of as much as $1,000 per merchandise, or as much as $50,000 per calendar 12 months. This protection will kick in if a purchase order is stolen, misplaced, or broken inside 90 days from the date of buy. It additionally supplies return safety of as much as $300 per merchandise, or as much as $1,000 per 12 months, on gadgets that may’t be returned inside 90 days of buy.

What might be improved?

The card_name is an efficient choice for enterprise house owners who make a variety of Amazon purchases. It’s seemingly not value it for companies that spend nearly all of their cash outdoors of Amazon, as rewards might be redeemed solely on Amazon or as a press release credit score. If this card had been to permit further methods to redeem rewards—comparable to exchanging factors for present playing cards or money again— it could be a extra worthwhile alternative for a wider vary of enterprise house owners. If card_name isn’t one of the best match, it’s value contemplating a few of the playing cards beneath.

The way it compares

As much as 5% money again at Amazon Enterprise, AWS, Amazon.com and Entire Meals Market. Phrases & cap apply.

5% money again on accommodations and rental vehicles booked by means of Capital One Journey; 2% money again on all different purchases

5% money again on workplace provides, web, cable, and cellphone companies on the primary $25,000 every account calendar 12 months; 2% money again at eating places and fuel stations on the primary $25,000 every account calendar 12 months; Earn 1% money again on all different purchases



Unbeatable rewards

In the end, the card_name could also be among the finest bank cards for Amazon Enterprise Prime members. The flexibility to redeem rewards factors for Amazon purchases means enterprise house owners who purchase most of their provides and enterprise wants from an Amazon-owned retailer or web site can save on their bills.

Regularly requested questions (FAQs)

What sorts of rewards does the Amazon Enterprise Prime American Categorical Card have?

The principle reward that the Amazon Enterprise Prime AmEx gives is the flexibility to redeem factors on Amazon.com, Amazon Net Companies, Amazon Enterprise, and Entire Meals purchases. Alternatively, you’ll be able to select to finance a purchase order curiosity free for as much as 90 days.

What credit score rating do I have to get an Amazon Enterprise Prime American Categorical Card?

Generally, you’ll want a credit score rating that falls within the “credit_score_needed” vary as a way to be permitted for an card_name. Which means a credit score rating of 690 or extra.

Do it’s good to be an Amazon Prime member to get an card_name?

Sure. In case you aren’t a Enterprise Prime member, you’ll want both to buy a membership (beginning at $69 per 12 months) or persist with the common card_name.

Is it necessary to make use of my Amazon Prime Enterprise Amex rewards on Amazon purchases?

Not precisely. Whereas factors can’t be redeemed for present playing cards or at another retail shops, you should utilize them as assertion credit score in your bank card should you want.

The knowledge introduced right here is created independently from the TIME editorial workers. To study extra, see our About web page.