The Amazon Business Card is a credit card specifically designed for small businesses and business owners who frequently shop on Amazon for their supplies, inventory, or office needs. This card offers an array of benefits that cater to the unique needs of businesses, such as cashback rewards, convenient purchasing options, and business-centric perks. In this guide, we will explore the features, advantages, and application process for the Amazon Business Card.
Key Features of the Amazon Business Card
1. Amazon-Specific Rewards and Benefits
The Amazon Business Card provides business owners with a reward structure tailored for frequent Amazon shoppers. With this card, businesses can earn rewards in several ways that help them save on future purchases. The card offers:
- 5% Cashback on Amazon.com Purchases: For eligible purchases made at Amazon, Amazon Business Cardholders can earn 5% cashback, which is a highly competitive rate, especially for businesses that make bulk purchases for their operations.
- 2% Cashback at Restaurants, Gas Stations, and Wireless Service Providers: In addition to Amazon purchases, cardholders can earn 2% cashback on purchases made at restaurants, gas stations, and wireless service providers, making the card valuable for business owners who are frequently on the move.
- 1% Cashback on All Other Purchases: For any other purchase that does not fall into the 5% or 2% categories, cardholders can still earn 1% cashback, making this card ideal for day-to-day business spending.
These rewards accumulate quickly and can be used toward future Amazon purchases or statement credits, making the card an excellent option for businesses looking to maximize their purchasing power.
2. No Annual Fee
One of the most attractive features of the Amazon Business Card is that it comes with no annual fee. This makes it an ideal option for businesses looking to avoid the extra costs associated with premium credit cards. The absence of an annual fee allows business owners to earn rewards without worrying about additional expenses.
3. Flexible Payment Options
Amazon Business Cardholders have access to flexible payment terms for their Amazon purchases. Depending on the amount spent, businesses can choose to pay off their balance in full or take advantage of financing options. Amazon offers special financing on large purchases, allowing businesses to break up payments over time. This flexibility is especially useful for small businesses that need to manage cash flow while still purchasing necessary supplies.
4. Purchase Protection and Fraud Prevention
The Amazon Business Card also provides several security features to protect business purchases:
- Fraud Protection: If any unauthorized charges are made on the card, Amazon’s fraud protection policy ensures that business owners are not held liable.
- Purchase Protection: Amazon also offers purchase protection, which covers eligible purchases made with the card in case of damage or theft. This adds an extra layer of security when making significant business investments.
5. Integration with Amazon Business Account
The Amazon Business Card integrates seamlessly with an Amazon Business Account. This integration allows business owners to:
- Track and manage expenses: Business owners can view and track all of their purchases in one place through their Amazon Business Account. This makes accounting and bookkeeping simpler and more efficient.
- Create multiple user accounts: If you have employees or team members who also need to make business purchases, you can add them as authorized users to your Amazon Business Account. This makes it easier to track spending and allocate expenses within the business.
- Access business-exclusive pricing: Amazon Business Account holders often have access to special business pricing on select items. By linking the Amazon Business Card to this account, businesses can maximize their savings.
6. Free Employee Cards
One of the significant advantages of the Amazon Business Card is the ability to issue free employee cards. This allows business owners to give their employees access to the card for making authorized purchases. These employee cards come with the same rewards structure as the primary card, and the business owner has full control over each employee’s spending limit. This feature streamlines the purchasing process for larger teams and reduces the administrative burden.
7. Special Financing Options
For large Amazon purchases, businesses can take advantage of special financing options. For example, 0% APR financing is available for select purchases if paid off within 6 or 12 months. This allows businesses to spread out payments on larger orders, making it easier to manage their budget without incurring high interest charges. This is especially beneficial for businesses that need to make large one-time purchases for inventory or equipment.
How to Apply for the Amazon Business Card
Applying for the Amazon Business Card is straightforward and can be done online in just a few steps. Here’s how to apply:
1. Check Eligibility
Before applying, ensure that you meet the following requirements:
- Business Type: The Amazon Business Card is available to businesses of all sizes, including sole proprietors, LLCs, and corporations.
- Credit Score: Like most credit cards, the Amazon Business Card requires a good credit score. Although Amazon does not specify a minimum score, applicants with a score of 650 or higher are more likely to be approved.
- Business Information: You will need to provide essential details about your business, such as the business name, tax identification number (TIN), and annual revenue.
2. Gather Necessary Documentation
To apply for the card, you’ll need to have certain documents handy:
- Business tax identification number (TIN)
- Annual business revenue and financial details
- Personal information (for business owners or primary cardholders)
3. Complete the Online Application
The application process can be completed entirely online. Visit the Amazon Business Card application page on the Amazon website, where you’ll need to enter your business details, tax identification number, and revenue information. You’ll also be asked for your personal information (including your name, address, and Social Security number) to verify your identity and run a credit check.
4. Submit the Application
Once you’ve filled out the application, review all the information to ensure accuracy and submit it. In most cases, you will receive an approval decision within a few minutes. If approved, you’ll receive your Amazon Business Card in the mail within 7-10 business days.
5. Activate Your Card
Once you’ve received your Amazon Business Card, follow the instructions provided to activate it. You can activate the card online or by calling the customer service number on the back of the card. After activation, you can start using your card immediately for purchases on Amazon and other eligible transactions.
Final Thoughts
The Amazon Business Card is an excellent choice for business owners who frequently purchase supplies, inventory, and other business essentials from Amazon. With rewards on Amazon purchases, no annual fee, flexible payment options, and added security features, it provides a simple yet effective way for businesses to save on everyday expenses while managing their cash flow.
If your business regularly shops on Amazon, this card can significantly enhance your purchasing power while offering a variety of benefits to help streamline your operations. To apply, visit the Amazon website today and start enjoying the many rewards and perks the Amazon Business Card has to offer.
