Amazon is the digital equivalent of Target. You add a few things you don’t need to your cart and before you know it, you’ve spent $120. Why not make some money back? Amazon and American Express recently teamed up to launch the new Amazon Business Prime card. You can get a $125 Amazon gift card and up to 5% cashback on purchases at Amazon and other affiliates.
There’s no annual fee on the card itself, though holding an Amazon Prime membership is required and a standard account runs $119 per year. Read on for more on this card.
Benefits of the American Express Amazon Business Prime Card
- No annual fee
- $125 Amazon gift card after being approved for the card; no minimum spend requirement
- Get 5% cashback on all purchases at Amazon, Whole Foods, Amazon Business or AWS (3% cashback for non-Prime members)
- Get 2% cash back at gas stations and restaurants
- 1% cashback on all other purchases
- In lieu of 5% cashback bonuses, get an extra 90 days interest-free financing on Amazon, Amazon Business, Whole Foods or AWS purchases
- No foreign transaction fees
- Apply Here
With no annual fee, this card could be a no-brainer for Amazon fiends. It’s pretty similar to the Chase Amazon Prime Rewards Visa Signature card, which also gets Prime members 5% cashback. The biggest difference here is that the card is issued by Amex and not Chase. Additionally, the card offers a $125 Amazon gift card after approval as opposed to $50 on the Chase card.
The $125 gift card is a decent bonus, especially considering you don’t have to spend a dime on the card to get it. But the real value here is in the cashback option, as that can quickly pile up if you’re doing a bulk of your shopping through Amazon.
And despite the name, there’s no indication that there are any business requirements to be approved for the card. While we generally steer readers toward travel rewards cards, there’s no denying that cashback cards for retailers like Amazon have their place. Especially as more and more shoppers stick online.
This is a worthy card to consider adding to your wallet if Amazon is your go-to shopping source. We understand that travel rewards cards aren't for everybody and if you are a frequent Amazon shopper, this card could certainly make sense in your wallet.