Amazon Business Prime American Express Card Review: Fuel Your Amazon Purchases with 5% Back [2020]

If your business shops on Amazon, the Amazon Business Prime American Express Card may offer excellent value.
Last updated Jun 17, 2020 | By Ben Walker

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To get the best possible experience shopping on Amazon, it makes sense to use certain credit cards to optimize your earning and maximize your value. These cards offer bonus rewards on Amazon purchases so it’s easy to watch your cash back or points pile up. Included among these cards is the Amazon Business Prime American Express Card.

This Amazon Business Prime American Express Card review will help you decide whether this card is a good fit for your business.

Earn Amazon Rewards Points

Amazon Business Prime American Express Card

Amazon Business Prime American Express Card

Amazon Business Prime American Express Card

Benefits

  • Up to 5% back
  • $125 Amazon gift card upon approval
  • No annual fee
  • Terms apply

Drawbacks

  • No introductory APR
  • Limited rewards redemption options

In this Amazon Business Prime American Express Card review:

Who should get the Amazon Business Prime American Express Card?

Recently passing 150 million Amazon Prime members, Amazon continues to be the go-to source for online shopping. You can purchase clothing, sports equipment, beauty products, books, and even groceries on Amazon. It’s truly a one-stop-shop for anything you might need, and you never have to leave the comfort of your own home to shop.

The Amazon Business Prime American Express Card lets you take advantage of the products Amazon offers while earning rewards at the same time. With this card, you earn 5% back in Amazon Rewards points from U.S. Amazon Business, AWS, Amazon.com, and Whole Foods purchases.

Rewards from Amazon.com and Whole Foods purchases are helpful, but business owners may benefit the most from expenses with Amazon Business and Amazon Web Services (AWS). These services offer useful office supplies, IT products, security software, online storage solutions, and more.

Any business owner who uses Amazon.com or Whole Foods for business purchases could find value with this card. Although, it may make even more sense if you’re also using it on Amazon Business and AWS.

Card basics

Card type Business
Card issuer American Express
Annual fee $0
Welcome bonus Earn a $125 Amazon gift card upon approval
Reward rate 5% back in Amazon Rewards points or no interest for 90 days on U.S. Amazon Business, AWS, Amazon.com, and Whole Foods purchases; 2% back at U.S. restaurants, U.S. gas stations, and purchases with U.S. wireless providers; and 1% back on all other purchases
Recommended credit score Excellent
Foreign transaction fee None

Amazon Business Prime American Express Card benefits and perks

If you’re considering applying for the Amazon Business Prime American Express Card, these are its top benefits and perks:

  • Generous welcome offer: Earn a $125 Amazon gift card upon approval.
  • No annual fee: This card's annual fee is $0, so it’s easy to earn valuable rewards without worrying about an annual cost.
  • Bonus rewards: Earn 5% back in Amazon Rewards points or no interest for 90 days on U.S. Amazon Business, AWS, Amazon.com, and Whole Foods purchases; 2% back at U.S. restaurants, U.S. gas stations, and purchases with U.S. wireless providers; and 1% back on all other purchases.
  • Employee cards: Increase efficiency by giving cards to your employees. You can set the spending limits, and you’ll earn rewards on their purchases.
  • Baggage insurance: Receive coverage for lost, damaged, or stolen baggage. Up to $1,250 for carry-on baggage and up to $500 for checked baggage.
  • Car rental coverage: Receive secondary car rental loss and damage insurance for eligible rental vehicles when you pay with your eligible card and decline the collision damage waiver from the car rental company.
  • No foreign transaction fees: Don’t worry about foreign transaction fees when you’re making purchases outside of the U.S. with this card.
  • Extended warranty: Extend the original manufacturer’s warranty by up to one additional year on qualified purchases.
  • Purchase protection: Eligible new purchases are covered for 90 days (from the purchase date) against damage or theft for up to $1,000 per claim and $50,000 per account each year.
  • Amex Offers: Earn more rewards by adding discounted offers to your eligible card. Discounted categories include shopping, dining, travel, and more.

Drawbacks to the Amazon Business Prime American Express Card

  • Amazon Prime membership: You must have an eligible Amazon Prime membership to qualify for this card. An Amazon Prime membership costs $119 per year, and the least expensive Amazon Business Prime membership costs $69 per year. In effect, this would be the annual fee for your Amazon Business Prime American Express Card.
  • No cash back: The rewards you receive from making purchases are Amazon Rewards points, not cash back. This significantly reduces the value of the rewards on this card compared to typical cashback credit cards. Amazon Rewards points are worth $1 per every 100 points.
  • Not travel-focused: This card does have some travel benefits, such as American Express travel insurance and no foreign transaction fees, but there’s no airport lounge access, trip cancellation/interruption insurance, trip delay reimbursement, or annual travel credit. Plus, you won’t earn extra rewards for travel purchases. American Express cards also aren’t as widely accepted at merchants around the world as Mastercard or Visa cards.

Earning and redeeming Amazon Rewards points

Potential earnings in years one and two

Here's a look at how your Amazon Rewards points can add up with the Amazon Business Prime American Express Card.

Remember, this is an estimation. The actual value will be determined by how much you spend and in which categories you spend.

Year one earnings: $808

Year two earnings: $683

These values are based on the FinanceBuzz Credit Card Rewards Valuation Model, which takes a look at points earned via spending and the welcome bonus.

Best ways to earn

The best way to earn rewards with the Amazon Business Prime American Express Card is by making Amazon purchases or shopping at Whole Foods. You can earn 5% back in Amazon Rewards points on U.S. Amazon Business, AWS, Amazon.com, and Whole Foods purchases. You can also earn 2% back in Amazon Rewards points on U.S. restaurants, U.S. gas stations, and purchases with U.S. wireless providers.

Categories Rewards rate
U.S. Amazon Business, AWS, Amazon.com, and Whole Foods purchases 5%
U.S. restaurants, U.S. gas stations, and purchases with U.S. wireless providers 2%
All other purchases 1%

Maximizing your redemptions

The Amazon Business Prime American Express Card is meant to be used for Amazon purchases, so it makes sense the available redemption options would have the same goal. With this card, you can redeem your Amazon Rewards points to Shop with Points at Amazon.com and Amazon Business. You can also redeem your points to offset eligible charges on your card account.

Even though this is an American Express credit card, you won’t have access to Amex redemption options. These are Amazon Rewards points, not Amex Membership Rewards points.

Amazon Business Prime American Express Card FAQs

Does Amazon have a business credit card?

Yes, Amazon has two business credit cards, the Amazon Business Prime American Express Card and the Amazon Business American Express Card. To apply for the Amazon Business Prime American Express Card, you need an eligible Amazon Prime membership. You do not need to be a Prime member to apply for the Amazon Business American Express Card.

Which Amex business card is best?

The best American Express business credit card is the one that best suits your business needs and spending habits. The Amazon Business Prime American Express Card offers terrific value for Amazon shoppers. For general business expenses, the Blue Business Cash Card from American Express could be a better fit. And for frequent travelers, the Business Platinum Card from American Express offers premium travel benefits and perks.

Is the Amazon Business Prime American Express Card a good card?

The Amazon Business Prime American Express Card is a great card for anyone who frequently makes Amazon or Whole Foods purchases for their business.

What credit score do you need for the Amazon Business Prime American Express Card?

To qualify for the Amazon Business Prime American Express Card, you typically need an excellent credit score. This would likely require a credit score of 800 or more, but American Express would have the final decision on who would qualify.

Which is better: Amazon Business Prime American Express or Amazon Business American Express Card?

The Amazon Business Prime American Express Card earns 5% back on U.S. Amazon Business, AWS, Amazon.com, and Whole Foods purchases, and the Amazon Business American Express Card earns 3% back on U.S. Amazon Business, AWS, Amazon.com, and Whole Foods purchases. You need an eligible Amazon Prime membership for the Amazon Business Prime American Express Card, but you don’t for the Amazon Business American Express Card.

Other cards to consider

You earn valuable rewards from Amazon purchases with the Amazon Business Prime American Express Card. However, if you want to earn bonus rewards from a broader range of purchases, you might consider the Chase Ink Business Cash or the Blue Business Cash Card from American Express.

The Chase Ink Business Cash covers common business expenses, offering 5% cash back on office supply stores and internet, cable, or phone services (up to $25,000 combined annually). With the Blue Business Cash Card from American Express, you don’t have to worry about bonus categories at all. This card offers 2% cash back on eligible purchases on eligible purchases on up to $50,000 spent each year.

Earn Amazon Rewards Points

Amazon Business Prime American Express Card

Amazon Business Prime American Express Card

Amazon Business Prime American Express Card

Special Offer

Earn a $125 Amazon gift card upon approval

See how these cards compare:

Chase Ink Business Cash Credit Card
Chase Ink Business Cash Credit Card
  • $500 cash back sign-up bonus
  • No annual fee
  • 0% intro APR on purchases for 12 months
  • Up to 5% cash back
Blue Business Cash Card from American Express
Blue Business Cash Card from American Express
  • Up to $300 in statement credits at Dell Technologies, DocuSign, and FedEx
  • Earn 2% cash back on the first $50,000 spent each year
  • 0% intro APR on purchases
  • No annual fee
  • Terms apply