Amazon Business American Express Card

6

Amazon Business American Express Card

FM Mini Review: For Amazon Prime members, this is a great card for Amazon, AWS, and Whole Foods purchases. Note though that Chase and Synchrony offer similar consumer cards.


Card Type: Amex Credit Card

Base
1%
Dine
2%
Gas
2%
Grocery
5%
Shop
5%
Phone
2%
Brand
5%
Other
2%

Earning rate: Prime Members: 5% in Amazon rewards on US purchases at Amazon Business, AWS, Amazon.com, Whole Foods. 2% Back in Amazon rewards at US restaurants, US gas stations, and on US wireless telephone services

Overview

5% back in Amazon rewards for Prime members at Amazon and Whole Foods is interesting considering that Amazon and Whole Foods sell such a wide variety of items.

Note the following terms:

Eligible purchases are purchases of products and services, minus returns and other credits. Buying products and services with your Card, in most cases, will count as an eligible purchase; however, the following types of transactions won't be eligible for the rewards option and won't earn % Back rewards: fees or interest charges payable to American Express, cash advances, purchases of travelers checks, and purchases of other cash-like transactions not made at designated Amazon properties, such as purchases or reloading of prepaid cards, and person-to-person payments. Additional terms and restrictions apply.
You may notice that purchases of prepaid cards are explicitly excluded. It will be interesting to see whether Amex enforces that rule with gift card purchases.

Rewards

This card's rewards depend on whether or not you're an Amazon Prime member and whether you prefer Amazon Rewards back or additional time to pay.

Non Prime Members

Choose either:
  • 3% back in Amazon rewards for Amazon, AWS, and Whole Foods, or...
  • 60 day terms

Prime Members

Choose either:
  • 5% back in Amazon Rewards for Amazon, AWS, and Whole Foods, or...
  • 90 day terms

Application Tips


Amex Application Tips


  • Safe to Apply: Amex is the safest bank for trying your luck at a new welcome bonus. They don’t usually issue a hard pull when denying your application. Plus, they’ll now warn you during the application process if you’re not eligible for the bonus.

  • Lifetime Rule: If you've ever had the same card before, you are most likely prohibited from getting a welcome bonus for the card if you apply now. Fortunately you'll be warned during the application process if this is the case. Amex is known to "forget" that you've had a card after about 7 years.

  • 5/90 Rule: In general, you can get at most one credit card within 5 days and 2 within 90 days. The 5 day limit is not enforced when your applications are automatically approved. Neither rule is enforced for charge cards.

  • 5 credit card max:Amex usually won't approve applications for new credit cards if you already have 4 or more Amex credit cards or 10 or more charge cards.

  • Better Offers: You may be able to get a better offer than the best available public offer. Details here.

  • Hard inquiries combine into 1 when approved same day


Check application status here.
If denied, call reconsideration: 877-399-3083 (new accountholders); 866-314-0237 (current accountholders)


Keep or Cancel?

Since this card has no annual fee, the only reason I can think of to cancel it is if you need to free up a slot to add another Amex credit card to your portfolio.

Related Cards (Amex cash back cards)

The Plum Card® from American Express
Up to $600
Earn a $200 statement credit after each $10,000 you spend on the card, up to $30,000, in the first 3 months of Card Membership. Terms Apply. (Rates & Fees)

No Annual Fee First Year, Then $250

American Express Blue Business Cash™ Card
Up to $300 in statement credits
Up to $300 in statement credits: Earn up to $100 in statement credits for purchases made in the first 3 months at each of these merchants: Dell, DocuSign, and FedEx. Terms apply. (Rates & Fees)

No Annual Fee

Recent better offer: Up to $500 in statement credits: Earn a $250 statement credit after $5K in purchases in the first 6 months and an additional $250 statement credit after an additional $10K in purchases in the first year. [Expired 8/6/20]

Blue Cash Preferred® Card from American Express
$250 Back
$250 cash back as a statement credit after $1K in the first 3 months. Terms Apply. (Rates & Fees)

$95 Annual Fee

Via some browsers you may find a targeted $300 offer with this refer-a-friend link

Recent better offer: Up to $350: 10% cash back on purchases at U.S. Restaurants in the first 6 months, up to $200 back. Plus, earn $150 back after $1K spend in 3 months. (Expired 5/3/17)

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