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The Amazon Business Card is a co-branded rewards card from Amex that offers great benefits for business owners who make purchases through Amazon.com and Amazon Business. This card does not have an annual fee or foreign transaction fees, making it a cost-effective option for business owners. In addition, the Amazon Business Card has a rewards program that allows cardholders to earn cash back on their purchases. This article will explore the features and benefits of the Amazon Business Card, as well as provide information on how to apply for the card and manage your account.
Benefits of the Amazon Business Card
The Amazon Business Card offers several benefits that make it a worthwhile card for business owners to consider. One of the main advantages of this card is that it does not have an annual fee or foreign transaction fees, which can save business owners a significant amount of money.
Another benefit of the Amazon Business Card is its rewards program. Cardholders have the option of earning 3% back on combined spending of up to $120,000 at Amazon Business, AWS, Amazon.com, and Whole Foods Market every calendar year. Purchases that exceed this threshold earn 1% back. Additionally, spending at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly through U.S. service providers earns 2% back. All other purchases come with 1% back.
The Amazon Business Card also offers various expense management tools and travel/purchase protection, making it a convenient option for business owners.
Fees and Charges Associated with the Amazon Business Card
When applying for a credit card, it is important to pay close attention to the fees and charges associated with the card. The Amazon Business Card does not have foreign transaction fees, which can be a significant advantage for business owners who make purchases outside of the U.S.
However, it is worth noting that the Amazon Business Card has a penalty APR of 29.99%. This APR will apply in certain situations, such as when a returned payment is made, when there are two late payments in 12 months, or when the minimum monthly amount due is not paid on time. Additionally, the regular purchase APR for this card is variable and can range from 19.24% to 27.24%, depending on your creditworthiness and other factors.
How to Apply for the Amazon Business Card
To apply for the Amazon Business Card, you can visit Amazon’s official website and click on the “Apply Now” button. The application process will require you to provide personal and financial information, such as your income, employment status, and Social Security number. You will also need to have authorization from your company if you are applying on behalf of a corporation or partnership.
Managing Your Amazon Business Card Account
Once you are approved for an Amazon Business Card, you can manage your account using American Express’s mobile app. The app allows you to track your purchases, view your statements, and make payments. American Express also offers 24/7 customer service, which you can reach by calling the number on the back of your card.
In addition, American Express provides the option to freeze or unfreeze your credit card using the mobile app. This can be useful if you misplace your card or suspect that it has been lost or stolen. Furthermore, American Express may automatically increase your credit limit after 12 months, but you can also request an increase if needed.
The Amazon Business Card is a co-branded rewards card from Amex that offers great benefits for business owners who make purchases through Amazon.com and Amazon Business. With no annual fee or foreign transaction fees, this card can save business owners a significant amount of money. The rewards program allows cardholders to earn cash back on their purchases, and the card also offers various expense management tools and travel/purchase protection. By understanding the fees and charges associated with the card and knowing how to manage your account, you can make the most of your Amazon Business Card and optimize your business credit.