Amazon Business Prime Card: A Comprehensive Guide

For business owners and entrepreneurs, managing expenses efficiently while earning rewards is crucial. The Amazon Business Prime Card is designed to meet the needs of business customers who are already members of Amazon Prime. This business credit card offers valuable benefits, including cash back on Amazon.com purchases, rewards for business-related expenses, and enhanced purchasing power for companies that frequently shop on Amazon or elsewhere. Whether you’re a small business owner or part of a larger enterprise, this card provides several advantages tailored to meet the demands of business purchasing and management.

In this detailed guide, we will explore the features of the Amazon Business Prime Card, its benefits, fees, and how to apply for it.

Overview of the Amazon Business Prime Card

The Amazon Business Prime Card is a business credit card offered by Amazon in partnership with Synchrony Bank. It is available exclusively to Amazon Prime members who use Amazon for their business purchases. This card is designed to help businesses earn cash back on a variety of purchases, including Amazon.com transactions, office supplies, and other qualifying business expenses.

As part of Amazon’s suite of business offerings, this credit card allows business owners to leverage their Amazon Prime membership for even greater rewards and purchasing power. Whether you’re buying products for your business on Amazon or managing general expenses, the Amazon Business Prime Card can help streamline your purchasing process while rewarding you for your spending.

Key Features of the Amazon Business Prime Card

1. 5% Cash Back on Amazon.com Purchases: One of the standout features of the Amazon Business Prime Card is its high rewards rate. Cardholders earn 5% cash back on all purchases made on Amazon.com, which is a major benefit for businesses that buy regularly from the retailer. This generous cash back rate applies to business-related items such as office supplies, equipment, and even bulk inventory purchases. The 5% cash back is automatically credited to your account each month.
2. 2% Cash Back at U.S. Restaurants, Gas Stations, and Wireless Providers: In addition to the 5% cash back on Amazon purchases, the Amazon Business Prime Card also offers 2% cash back on purchases made at U.S. restaurants, gas stations, and wireless providers. These categories are perfect for business owners who often travel, dine, or make recurring payments to wireless service providers. This rewards structure helps business owners maximize their rewards in several important spending areas.
3. 1% Cash Back on Other Purchases: For all other purchases, the card offers 1% cash back, allowing you to earn rewards even on expenses outside of the primary categories. Whether you’re buying office supplies elsewhere, making software or tech purchases, or handling any other business expenses, this card will help you earn cash back on nearly every dollar spent.
4. No Annual Fee: A major advantage of the Amazon Business Prime Card is that it comes with no annual fee. Many business credit cards charge annual fees, which can add up over time, especially for small businesses. The lack of an annual fee makes this card an attractive option for business owners who want to maximize their spending power without incurring additional costs.
5. Special Financing Options for Amazon Purchases: The Amazon Business Prime Card provides financing options for Amazon.com purchases of $150 or more, allowing you to pay off purchases over time with special financing offers. These offers vary depending on the purchase amount and promotional period, which can help businesses manage larger purchases without incurring high-interest charges immediately.
6. Enhanced Purchase Protection: The Amazon Business Prime Card offers several protections for purchases made using the card, including purchase protection, extended warranty coverage, and return protection. If an item purchased on Amazon is damaged or stolen within 120 days, the card’s purchase protection can cover the cost of the item. Extended warranty coverage can add up to an additional year to the original manufacturer’s warranty on eligible purchases.
7. Business Expense Management: The Amazon Business Prime Card is designed to help businesses manage their expenses more efficiently. It offers detailed purchase tracking and expense management tools, allowing business owners to view and categorize their transactions easily. This feature can be particularly helpful for bookkeeping and tax preparation. Cardholders can also receive year-end summaries, which can make financial planning and tax filing easier.
8. No Foreign Transaction Fees: For businesses that require international travel or make international purchases, the Amazon Business Prime Card comes with no foreign transaction fees. This makes the card a great option for companies that operate globally, as they can use it without worrying about paying extra fees when making purchases abroad.
9. Access to Amazon Business Benefits: In addition to the features provided by the credit card itself, Amazon Business Prime Cardholders can also take advantage of the benefits associated with Amazon Business accounts. These benefits include business-exclusive pricing, bulk discounts, tax-exempt purchasing, and access to a wide range of business-focused products and services. Businesses that frequently order from Amazon can further streamline their operations by using both the Amazon Business Prime Card and their Amazon Business account.
10. Seamless Integration with Amazon Business Accounts: The Amazon Business Prime Card integrates seamlessly with an Amazon Business account, which allows business owners to manage purchases, track spending, and set up approval workflows for multiple users. You can link your credit card to your Amazon Business account to automatically apply the card’s benefits to eligible purchases and track expenses in real time. This integration can save time and improve your accounting and procurement processes.

How the Amazon Business Prime Card Works

The Amazon Business Prime Card functions much like other business credit cards. Cardholders earn cash back on eligible purchases, and the rewards are credited to the account monthly. The key to maximizing the benefits of this card is to make the most of the 5% cash back on Amazon.com purchases and the 2% cash back on eligible business expenses, such as dining and gas.

Cardholders can also take advantage of special financing on large Amazon purchases, which can help spread out the cost of big-ticket items over time. The card offers enhanced purchase protections, making it a great option for businesses that rely on purchasing products and equipment for their operations.

By integrating the Amazon Business Prime Card with your Amazon Business account, you can streamline your purchases and have access to a detailed overview of all transactions, making expense management easier.

Fees and Interest Rates

While the Amazon Business Prime Card doesn’t charge an annual fee, it does have some standard fees and interest rates that cardholders should be aware of:

• APR: The variable APR for purchases and balance transfers is 15.24% to 23.24%, depending on creditworthiness.
• Late Payment Fee: Up to $39 if you miss a payment.
• Returned Payment Fee: $39 if a payment is returned.
• Cash Advance Fee: Either $5 or 5% of the amount of each transaction, whichever is greater.
• Foreign Transaction Fee: None (this is a major advantage for international business owners).

How to Apply for the Amazon Business Prime Card

Applying for the Amazon Business Prime Card is simple and can be done directly through the Amazon website. Follow these steps to apply:

1. Check Eligibility: The Amazon Business Prime Card is available only to individuals who are already Amazon Prime members and have a registered Amazon Business account. If you don’t have an Amazon Business account, you’ll need to create one.
2. Visit the Amazon Website: Navigate to the Amazon Business Prime Card page on Amazon’s website. Here, you’ll find all the details about the card’s features, rewards, and benefits.
3. Fill Out the Application: Complete the application form with your business information, including your business name, tax identification number (TIN), annual business revenue, and other relevant details. You’ll also need to provide your personal information, such as your Social Security number (SSN), to verify your identity and creditworthiness.
4. Review Terms and Submit: Before submitting your application, carefully review the card’s terms and conditions. This includes the APR, fees, and rewards structure. Once you’re ready, submit your application.
5. Wait for Approval: After submitting your application, you’ll typically receive a decision within a few minutes. If approved, you will be sent your Amazon Business Prime Card, and you can start using it for business-related purchases immediately.
6. Activate Your Card: Once you receive your card, follow the instructions to activate it. You can then start earning cash back and enjoy the benefits that come with it.

Conclusion

The Amazon Business Prime Card is a powerful tool for business owners who regularly shop on Amazon and want to take advantage of cash back rewards, financing options, and enhanced purchase protections. With 5% cash back on Amazon purchases, 2% cash back on dining and gas, and a range of other benefits, this card is an excellent choice for those looking to streamline their business expenses while earning valuable rewards.

With no annual fee, special financing on Amazon purchases, and no foreign transaction fees, the Amazon Business Prime Card offers substantial value for small and large businesses alike. By integrating the card with your Amazon Business account, you can manage purchases more efficiently, track expenses, and take advantage of Amazon’s exclusive business pricing.

If your business frequently purchases items from Amazon or relies on travel and dining, the Amazon Business Prime Card is a great way to save money and earn rewards for the expenses you already incur.