Amazon Business Card Review
The Amazon Business Card doesn’t have an annual fee or foreign transaction fees. It also offers a great rewards program, making it a worthwhile card for business owners to consider.
There are many benefits that come with the Amazon Business Card. It protects your baggage and car rentals and gives you protection as well as an extended warranty on your purchases. Its rewards reach up to 3% at specific merchants. However, this card can have a high APR depending on your credit profile. It also has expensive penalties for late payments.
Card Details to Know Up Front
- Bonus, Fee or FeatureHas or Not
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Cash Back Rewards
- Travel Rewards
Amazon Business Card at a Glance
The Amazon Business Card has a generous rewards program and no annual fee. Its benefits are great for business owners who have frequent foreign transactions or travel internationally.
- Amazon Business Card
A good rewards card for business owners who make purchases through Amazon.com and Amazon Business
- Good – ExcellentCredit Needed
- $0Annual Fee
- 1 – 3% Cash BackRewards Rate
- 14.99% – 22.99%APR
Pros & Cons Explained
The Amazon Business Card has many benefits that make it worth considering, but there might be some deal breakers you’ll want to evaluate as well.
- No foreign transaction feeThere are no fees for purchases made abroad.
- No annual feeCardholders don’t need to pay membership fees to enjoy the benefits of the Amazon Business Card.
- Access to insurance and warrantiesCardmembers can benefit from baggage insurance, car rental loss and damage insurance, extended warranty and purchase protection. With these perks, you can travel and shop more comfortably. However, these coverages have limitations.
- Employee cardsYour employees can get their own cards tied to your Amazon Business Card. These cards are issued for free. You can even monitor their expenses through spending limits, alerts and summary reports.
- Generous cash back programCardmembers can earn 1% to 3% cash back depending on where they use their cards.
- Maximum regular APR is highThe APR range for this card is 14.49%–22.49%. This is higher than the average across most other cards.
- Late feeYou could incur a late fee of up to $39 if you don’t make your payments on time.
- Returned payment feeIf your payment is returned, you could be charged a fee of up to $39.
The Amazon Business Card is not one of our top choices for business credit cards. You can check our list of best business credit cards to see how this card compares to other rewards cards.
Bonuses & Rewards Explained
If you are thinking about applying for the Amazon Business Card, it can be beneficial to understand how the card’s bonuses and rewards work. Here’s what you need to know.
3% back or 60-day terms
Get 3% cash back on U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market. This rate only applies to the first $120,000 spent in the calendar year. After this, a 1% reward rate will apply. However, it will reset (3% for the first $120,000) at the start of another calendar year. Cardmembers can choose to have a 60-day term for these purchases. For this option, you can finance your purchases for 60 days without any interest.
2% back rewards
A 2% reward rate is applied when you use your Amazon Business Card in U.S. restaurants, U.S. gas stations and for wireless telephone services. The rewards on wireless telephone services only apply to those purchased directly from U.S. service providers.
1% back rewards
Other purchases not included in the 2% and 3% back rewards programs are eligible for the 1% reward rate. Cardmembers can earn 1% from their purchases in all other categories.
$100 gift card welcome offer
A $100 Amazon.com gift card is automatically added to your account once you have been approved for the card.
Other Features Explained
This card comes with a wide range of features that can help you track your credit card expenses as well as the expenses of your employees.
- Card FeatureDescription
- Enhanced Data ViewsAmerican Express collects data from your Amazon Business Card transactions so it can give you a detailed list of your purchases. This list can be downloaded from your online statement. Business owners can benefit from this feature when they want to track their expenses.
- Employee card spending controlsThe primary cardholder can put spending limits and category alerts on employee cards. Spending limits can be set online or by calling the customer service number on the back of your Amazon Business Card. Category alerts will also be sent to the primary cardholder when an employee card is used for purchases outside of the authorized spending category.
- Dispute resolutionThe credit card issuer will help cardmembers resolve credit card claims when there are alleged fraudulent or incorrect transactions on your statement. Remember that cardmembers might not always get a positive result from dispute resolution, but getting help from the issuer is a huge help.
Be aware of the reward rates of your card so you can strategically use your card to earn the greatest number of points. With this card, spending more on Amazon Business, AWS, Amazon.com and Whole Foods Market also helps you earn more.
Understanding the Fine Print
Pay attention to the details when it comes to fees and charges associated with your credit card. Look at the fine print to ensure you avoid avoidable charges.
- Card FeatureAmount or Rate
- APR14.99% – 22.99%
- Annual Fee$0
- Cash Back Rewards
- Rewards Rate1 – 3% Cash Back
- Airline Benefits
No foreign transaction fee
A foreign transaction fee is an additional charge for every purchase made outside of the United States. Fortunately, the Amazon Business Card doesn’t have these fees. This can be a huge advantage for business owners who make purchases outside of the U.S.
The penalty APR for this card is 29.49%. This APR will apply when you make a returned payment, have two late payments in 12 months or when you fail to pay the minimum monthly amount due on time.
Regular purchase APR
This card has a regular purchase APR of 14.49%–22.49%. Your rate will depend on your creditworthiness and other factors that may affect your application. It also varies on the Prime Rate.
1%–3% cash back rewards
Cardholders can earn 1%–3% back on their purchases depending on the purchase.
Some credit card information may not be included in MoneyGeek's resources, but you can find it in a variety of places. You can get information from your most recent billing statement, the issuer’s official website, your credit card agreement, the terms and conditions and other sources.
Who Should & Shouldn’t Consider Amazon Business Card?
Other Considerations for Amazon Business Card
Having the Amazon Business Card in your wallet can mean different things to different people. Whether you’re getting this as your first or only card or as an additional card in your wallet, be sure to consider the implications of how you intend to use it.
Things to Consider if This Will Be Your First or Only Credit Card
The Amazon Business Card requires a good to excellent credit score. If this is your first credit card, it might be difficult to qualify since your credit history is not established yet. Before applying, it’s best to consider your credit profile to make sure that you pass the minimum credit requirements.
This card also has a high APR, which might result in huge credit card bills if it is your only card and you plan on carrying a balance. For cases like this, it’s best to look for a card with a lower APR to minimize your expenses on interest rates alone.
Things to Consider if This Will Be an Additional Card in Your Wallet
The Amazon Business Card can help you earn rewards thanks to its 3% rewards rate. This can help accelerate your earning capacity with your credit cards.
It’s also good to consider your spending patterns. In this case, if you spend a lot on U.S. purchases at Amazon Business, AWS, Amazon.com and Whole Foods Market, this card can be a good addition to your wallet. It may also be a better card to use on foreign transactions if you have other cards that charge fees for these types of purchases.
MoneyGeek obtained information from roughly 2,500 credit cards listed in the Consumer Financial Protection Bureau's credit card agreement database. During our process, we assessed data points and analyzed average expenditure profiles and card bonuses. We also review and re-rank the data regularly to ensure it is current.
How Amazon Business Card Compares to Other Cards
Due to its lack of fees, the Amazon Business Card can be useful for a lot of card owners. However, comparing it against other credit cards can help you figure out whether this credit card is the best for you.
Quick Comparison of Amazon Business Card
Amazon Business Card
- Credit needed: Good to excellent
- Reward rate: Up to 3% back rewards
- Annual fee: None
- APR range: 14.49%–22.49%
- Best for: Business owners who frequently make overseas purchases. It’s also great for those who want to closely monitor their credit card expenses
Chase Ink Business Cash
- Credit needed: Good to excellent
- Reward rate: Up to 5% cash back
- Annual fee: None
- APR range: 13.24%–19.24%
- Best for: This card is best for small business owners who want to earn generous rewards
Other Helpful Decision-Making Q&As
MoneyGeek is committed to giving you the information you need to make good financial decisions. The following are commonly asked questions about the Amazon Business Card so that you can decide if it’s the right card for you.
Still not sure about this card? Consider these options.
The Amazon Business Card has features that are useful for business owners. If you're still undecided about getting the Amazon Business Card, take a look at some of the other cards that provide significant rewards, such as rewards cards or gas cards.
Capital One Quicksilver Rewards
American Express Marriott Bonvoy Business Card
Wells Fargo Business Platinum Credit Card
Capital One Quicksilver Student Rewards
American Express Delta SkyMiles Gold Card
Bank of America Premium Rewards Card
Chase Ink Business Preferred
PenFed Power Cash Rewards Visa Signature Card
Mastercard Titanium Card
Disney Premier Visa Card
Chase Ink Business Unlimited
Learn more about credit cards in general
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