While business expenses are continually shifting, the Amazon Business Prime Credit Card allowing for flexibility and utilization for businesses’ advantage suits the ever-changing market. Amex is the issuer of this card, and as expected, Siena affords numerous features that aim to suit different necessities of business people. 

To apply for the card or to get to know more about it, you’re provided with a fairly smooth process, and as I’ve said, a number of rewards, so you’re provided with a card that possibly makes your financial processes easier and also pays you back greatly. Now it is high time to look at the characteristics and advantages of the card to realize how it can transform the expenses of your company.

Main features of the Amazon Business Prime Card 

Amazon Business Prime is a credit card that is provided by American Express and this is creditable name based on its reliability and integrity. This card is indeed mainly targeted at business owners who are also Amazon Prime users, taking full advantage of all the services which Amazon offers. 

One of the significant strengths of this card is that the bank targets the business people and allows one to earn a 5% cash back at the Amazon U.S. A eligible Prime membership enables you to work with Amazon.com, Amazon Business, AWS, Whole Foods Market. Because of this, it is a perfect solution for business entities that often employ such services. 

Also, the card offers features like ABB enhanced schedule to improve data tracking of expenses and no foreign transaction fees among other features to make it comprehensive financial power house for business entities.

Understanding the annual fee 

Any business must be absolutely clear about the fee that has to be paid for a credit card, and the Amazon Business Prime Card actually does a great job here – it has no annual fee. This makes it possible for the firms to accrue all the features and incentives associated with the card without an annual expense that may jeopardize business cash flow.

Deciphering credit limits

The purchasing limit of the Amazon Business Prime Card is set according to the position of the business firm, credit scores, or even overall revenue of the business entity. These aspects are also assessed by American Express when granting credit limit based on the business’s spending capacity and needs.

Advantages of the Amazon Business Prime Card

• 5% Back or 90 Day Terms: Spend your money on U. S purchases on Amazon and get a choice of either getting 5% of our purchase as cash back or granting you 90 days payment terms. 
• 2% Back: Receive 2% cash back on the first $500 of combined purchases at restaurants, U. S. gas stations and at U. S. wireless phone service purchased directly from human.
• 1% Back: For non-bonus category purchases you will receive 1% Cash Back Rebate on the convenience of using the Consumer Gold MasterCard.

Standout advantage

Probably one of the major highlights of the Amazon Business Prime Card is the feature, which lets a participant to decide to either get 5% cash back, or get 90 days to pay with 0% interest on the purchases made in the U.S. via Amazon.

Addressing potential drawbacks

• Spending Cap: The 5% back benefit is capped at $120,000 in purchases per calendar year which in a way may affect those business that charge high fees.
• Variable APR: The card has the variable Annual Percentage Rate that ranges between 19 percent and 24. 49% to 27. 49% of them, which means that the consumers on the card could be subjected to high interest charges if they do not clear their balances.
• Limited 2% Categories: The 2% back is limited to some categories such as restaurant, gas stations, wireless services etc. Which may not really fit all business spending.

Standout disadvantage

The biggest drawback that one can discuss is the high variable APR that ranges from 19 for the Amazon Business Prime Card. 49% to 27.49%. This means that the company that runs a balance on the card experiences high interest charges that are effective on the balance carried over in the card, thus, it is wise to pay off the card every end of the month.

Eligibility criteria 

First of all, it is important to note that unlike with the upcoming Walmart credit cards, to draw advantage from this primary card, the account needs to be active with Amazon Prime, as the benefits connected to it are geared towards the Amazon Prime platform. 

Still, applicants have to have a good credit history because this company assesses the credit score to offer credit and set credit limits. It is also a requirement for the business applicants to present relevant legal and documentary requirements such as source of revenue, financial statements, etc.

How to apply for the Amazon Business Prime Card

The Amazon Business Prime Card is easy to apply for it can be done online or through the American Express app. The application collects simple information about your organization and also needs your assessments and revenue paperwork records. 

Via website

Thus, using the Internet site would be helpful to apply for the Amazon Business Prime Card for many enterprises. The online form that the applicant has to fill is straightforward, and the form walks the applicant through the various sections to complete the submission of the form. 

This makes it easy for the businesses to upload the necessary documents that may be required and the response that is provided is almost instant from the American Express side. Besides, there is a section on this website with resources and as well as frequently asked questions for the applicants.

Through the mobile application

Potential users with businesses that appreciate mobile banking find it easy to use the app provided by American Express. The application should be as manageable as possible, and one has features through which one can take photos of the documents and upload to the app via the smartphone. It also declares the statuses of the application in real-time and provides the business with a clue on what the app is doing at every given time.

Through the store/branch

American Express is mainly online-based, however, a business that needs a physical help could go to an American Express service center or affiliated offices. These branches offer a better application service due to the presence of personnel who help applicants complete the application forms. 

As far as disadvantages are concerned, this option is slower than the application offered through the web or applications; however, there is a level of support that may be important for some of the businesses.