Looking for financing for your business? There are many options to choose from, and it can be difficult to know which is right for you. For companies that frequently shop on Amazon, the retailer offers multiple business credit cards and credit lines to help you optimize your shopping and earn rewards.
We've rounded up the best Amazon business credit products to help you find the right credit card for your business.
card highlights
intro bonusEarn a $100 statement credit after you make $3,000 in purchases on your Card in your first 3 months.
APR18.49% - 26.49% Variable
recommended creditExcellent/Good
reward rates
- Take advantage of 5% Back or 90 Day Terms on U.S. purchases at Amazon.com, Amazon Business, AWS and Whole Foods Market with an eligible Prime membership. You will earn 5% Back on the first $120,000 in purchases each calendar year, 1% Back thereafter
- 2% Back at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers
- 1% Back on other purchases
annual feeNo annual fee
intro purchase APRN/A
rewards & redemption details
- Take advantage of 5% Back or 90 Day Terms on U.S. purchases at Amazon.com, Amazon Business, AWS and Whole Foods Market with an eligible Prime membership. You will earn 5% Back on the first $120,000 in purchases each calendar year, 1% Back thereafter
- 2% Back at U.S. restaurants, U.S. gas stations, and on wireless telephone services purchased directly from U.S. service providers
- 1% Back on other purchases
The Amazon Business Prime American Express Card is one of the most popular business credit cards on the market.
With the Amazon business card, you also get extensive manager tools. First, you can assign an account manager who makes the payments, reviews transactions, and adds and removes employee cards. The account manager can oversee everyone's spending, tag the purchases in QuickBooks, and set account alerts for certain spending activities.
It's important to note that you must have an Amazon Business Prime membership to use this card. Not only that, but you can lose your accrued rewards if you cancel your Prime account or make a late payment on your credit card.
Pros:
- No annual fee
- Competitive rewards
- Robust manager controls
Cons:
- Amazon Prime membership required
- Lose your points when you cancel your Amazon Prime membership
- Lose your points when you make a late payment
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.
Amazon Business Prime American Express Card
The Amazon Pay by Invoice feature allows you to make purchases and then pay for them later. This feature is an invite-only feature for select Amazon Business organizations. The standard payment terms are 30 days, however approved Business Prime customers can apply for 45 or 60 day payment terms depending on their Prime account.
In addition to the flexibility of being able to pay later, Amazon Pay by Invoice also makes it easy to reconcile your purchases by sending you digital invoices with itemized purchases. You can set up multiple buyers for your company and track each one's purchases.
Once your order ships, you'll receive payment terms and a due date. You can pay your invoices via Automated Clearing House (ACH), wire transfer, or check.
Pros:
- Increased payment flexibility and control
- Extended payment terms of 45-60 days available for Business Prime accounts
- Available to small, medium, and enterprise accounts
Cons:
- Amazon Business Prime membership required
- Extended payment terms for Prime customers are based on the size of the account
- No cash back or other rewards
Amazon Business Pay by Invoice
Go to Amazon to learn more.
card highlights
intro bonusUp to a $150 Amazon gift card instantly upon approval
APR18.49% - 26.49% Variable
recommended creditExcellent/Good
reward rates
- 5% back at Amazon.com and Whole Foods Market with eligible Prime membership*
- 2% back at restaurants, gas stations, and drugstores*
- 1% back on all other purchases*
annual fee$0
intro purchase APRN/A
additional details
balance transfer feeEither $5 or 5% of the amount of each transfer, whichever is greater.
balance transfer APR18.49% - 26.49% Variable
late payment feeUp to $39
foreign transaction feesNone
rewards & redemption details
- 5% back at Amazon.com and Whole Foods Market with eligible Prime membership*
- 2% back at restaurants, gas stations, and drugstores*
- 1% back on all other purchases*
While business credit cards and lines of credit are great for some businesses, they aren't right for all of them. For example, sole proprietorships without employees or business credit history will have a difficult time qualifying for a business credit card or line of credit. Instead, they can apply for a personal credit card to use strictly for business purchases.
Rewards can be used for future Amazon purchases. You can also trade them in for cash, other gift cards, travel credit, and more. The card doesn't have an annual fee or foreign transaction fees. However, you must have an Amazon Prime membership to use this card, and that requires an annual payment of $139.
Pros:
- Excellent cashback rewards
- No annual fee or foreign transaction fee
- Redeem for cash back, gift cards, Amazon credit, or travel
Cons:
- Amazon Prime membership required
- Lower cash back on sites other than Amazon
- Must choose between cash back or promotional APR on purchases
Amazon Prime Rewards Visa Signature Card
How did we choose these credit cards and credit options?
When choosing which Amazon credit options to include, we made sure to find products that would suit a varietyof businesses in a variety of sizes. While no product on our list will be well-suited to all businesses, most businesses should be able to find a product that works for them.
Factors we considered when choosing these products include:
- How easy it is to apply
- Interest and fees
- Rewards
- Payment terms
How can you decide which option is right for you?
Wondering which Amazon credit option is right for you? With multiple options to choose from, it can be difficult to decide which is best. And the truth is, there isn't one that's better than the other. Each has different features, advantages, and disadvantages.
Here are a few questions to ask yourself when choosing the best credit option for your business:
Do you run a sole proprietorship?
As a sole proprietor, there's a good chance your business doesn't have credit. In that case, the Amazon Prime Visa card is probably best for you. Eligibility is based on your personal credit, not your business credit. And without a large team, you don't have to worry about granting other people access to cards.
Do you want cashback rewards?
Amazon's lines of credit don't offer cashback or any other sort of reward. If you want to earn special perks for using your credit, then the Amazon Business Prime card is probably best for you.
Are you an Amazon Business Prime member?
The Amazon Pay by Invoice feature comes as a standard feature with the small, medium, and enterprise plans. Rather than paying for your items when you purchase them, you can pay them off on a 45-60 day schedule.
Are there any alternatives worth considering?
Amazon's credit options allow businesses to purchase items and pay for them later, often earning rewards along the way. But there are a few alternatives to Amazon's credit offerings that you may want to consider:
Business credit cards
Amazon's credit cards offer some excellent perks for businesses that want cashback on their purchases and spend a lot of money on Amazon. But there are so manybusiness credit cardson the market; we'd be remiss if we didn't mention some of the other options available.
Choosing a business credit card other than Amazon's allows you to earn the same great perks and sometimes even better perks. The difference is that while Amazon only allows you to use your cashback for Amazon purchases, other business cards allow you to use your perks for many other purposes.
For example, the Capital One Spark Cash business credit card gives you 2% cashback on all of your purchases. You can use the rewards to pay down your balance or simply cash them out.
Business lines of credit
Rather than choosing Amazon's credit lines, you could instead choose a credit line from a different financial institution. First, other lines of credit give you the option of spending your money however you'd like, while Amazon's lines of credit only allow you to spend your money at Amazon. Another benefit of outside lines of credit is that you can often have a longer period to pay them back, while Amazon's credit lines must be paid back on a term of anywhere from 30-60 days.
For example, BlueVine offers business lines of credit for amounts of anywhere from $5,000 to $250,000. You can pay back your balance with weekly or monthly payments over a period of 6-12 months. And unlike Amazon, there are no restrictions for where you can spend the money.
Which Amazon credit option is best for businesses?
There's not necessarily one Amazon credit option that's best for all businesses. It depends on your financial situation and how you plan to use the credit.
While the credit line and pay by invoice have no fees or interest, the credit cards come with cashback rewards, which can be attractive.
What credit score do you need to get an Amazon business credit card?
Amazon requires at least fair credit to qualify for a credit card, but you increase your chances of being approved by having good or excellent credit, meaning a score of at least 680.
What is the easiest form of Amazon credit to get?
When it comes to qualifying for Amazon credit, it depends on your current situation. Individuals with sole proprietorships and no business credit may have the easiest time qualifying for the Amazon Prime Visa card, while businesses with existing Amazon Business Prime accounts already have access to Pay by Invoice.
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FAQs
What is the new Amazon credit card called? ›
If you've still got your Amazon card come January 2023, your account will be re-branded to 'NewDay Pulse' with new cards issued in due course. When moving to the Pulse card, you will keep the same APR rate and credit limit as your Amazon card and there will be no credit checks on the transfer over.
Which credit card gives best cashback from Amazon? ›| Best Online Shopping Credit Cards 2023 | ||
|---|---|---|
| Credit Card | Annual Fee* | Best Feature |
| Amazon Pay ICICI Credit Card | Nil | 5% cashback on shopping at Amazon |
| HSBC Cashback Credit Card | Rs. 750 | 1.5% cashback on all online spends |
| HDFC Millennia Credit Card | Rs. 1,000 | 5% cashback on Amazon, Flipkart, PayZapp & SmartBuy |
Does the Amazon Business Prime American Express Card have an 0% APR offer? There's no promotional 0% APR period. . For a break on interest, you can choose to forgo the 5% rewards (up to $120,000 spent on the card) on an Amazon purchase and receive 90 days to pay zero interest (terms apply).
Is Amazon business Amex card worth it? ›Our Verdict. From a rewards standpoint, the Amazon Business American Express Card* is unremarkable. However, for businesses that need extra time to pay their bills, the option to get an extra 60 days interest free on Amazon-family purchases might make this card worth a second look.
What is the highest Amazon card? ›Amazon.com Gift Cards are available in $15, $25, $50, and $100 denominations at participating grocery, drug, and convenience stores throughout the U.S. At select stores, you can also choose a variable denomination card, which can be loaded with any amount between $25 and $500.
Does Amazon have 2 different credit cards? ›Amazon offers six different credit cards, across three different issuers, with eight potential rewards structures depending on whether you're an Amazon Prime customer and whether you're using the card for personal spending or for business purchases.
Which Amazon card gives 5% back? ›The Amazon Prime Rewards Visa Signature Card offers card members 5% back on purchases made at Amazon.com and Whole Foods Market.
Should I have 3 credit cards? ›If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.
Which bank card is best for Amazon? ›- Amazon Prime Rewards Visa Signature Card: Best Overall.
- Chase Freedom Flex℠: Best For Versatility.
- Bank of America® Customized Cash Rewards credit card: Best for High Net Worth Amazon Shoppers.
- Citi® Double Cash Card: Best For Rotating Cash Back.
Minimum qualification requirements are a 625 or higher FICO score, six months or more in business, monthly revenue of $10,000 and operation in the U.S. Fixed monthly or weekly payments can be made over six to 12 months.
Is it hard to get Amazon business credit? ›
The Amazon Business Credit Card does a hard pull on your credit when you apply for it. This will lower your credit score for a short period of time. You need to have at least a good (700+) credit score in order to qualify.
What bank is Amazon business card? ›Amazon Business American Express Card.
How much income do you need for Amex business Platinum? ›Person Income/Business Income
However, a high income is by no means a requirement. We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum.
There is not set credit score needed in order to be approved for the Amex Business Gold card, but we recommend that you have a personal credit score of at least 670, or a business credit score of at least 75, plus 2 years of good credit history.
How hard is it to get the business platinum Amex? ›You will have the best approval odds for the Amex Business Platinum if you have a personal credit score of at least 740. As this is a premium card, you will need a good to excellent credit score. However, you can be approved with a score as low as 700.
How to get a higher Amazon credit card? ›You can get an Amazon.com Store Card credit limit increase by making a request online or over the phone at (866) 634 -8379. Alternatively, you may also get an automatic credit limit increase if your account is in good standing for at least 12 months.
How much credit score do you need for Amazon card? ›Typically, you can qualify for Synchrony's Amazon store cards with a fair credit score (580 to 669). On the other hand, you'll likely need at least a good credit score (670 to 739) to qualify for one of the Amazon Visa cards from Chase.
Does the Amazon credit card have a limit? ›The minimum credit limit on the Amazon Prime Rewards Visa Signature Card is $500, but your credit limit will depend on your credit score and income. You may request an increase in credit limit by calling Chase's Amazon.com credit card customer service at (888) 247-4080 to be connected to a representative.
Does Amazon credit card build credit? ›This card has no annual fee, can be used at Amazon.com and Amazon physical stores, and your payment activity is reported to major credit bureaus to help you build a credit history. With the card you will also have access to your credit score, along with tools, guidance and tips to help you improve your credit.
Can I use 3 different cards on Amazon? ›You can split payment between one of the accepted credit or debit cards and an Amazon.com Gift Card, but you can't split payment among multiple cards. We accept Flexible Spending Accounts (FSA), Health Savings Accounts (HSA) (U.S. billing addresses only) for the purchase of FSA or HSA eligible items.
Do you get 5% back on Amazon business? ›
The core benefits of the Amazon Business American Express Card include: With an eligible Prime membership, choose to earn 5% Back rewards or get 90 Day Payment Terms on U.S. purchases at Amazon.com, Amazon Business, AWS and Whole Foods Market (“Designated Amazon Properties”).
What is the maximum cashback you can get in Amazon? ›There is no explicit limit on the total value of cashback in Amazon Pay balance that a customer can get. It must be noted, cashback in Amazon Pay balance is available only on a select number of products and subject to the terms and conditions of each offer.
Is there $1000 Amazon card? ›Gift cards allow to purchase a variety of items available and they have no expiration date. This product funds the chosen Amazon account with an additional 1000 USD.
Does having 3 credit cards hurt your credit score? ›While the number of cards that you carry likely won't affect your score in itself, you should avoid applying for several new credit cards at one time. Over time, if managed properly, more cards—and thus a higher credit limit—can help you improve credit scores.
Does having 3 credit cards build credit faster? ›Although adding extra credit cards to your profile won't directly help your score, it could provide an indirect lift by reducing your credit utilization ratio. Utilization is simply the amount you owe on your cards divided by your available credit.
How much should I spend if my credit limit is $1000? ›A good guideline is the 30% rule: Use no more than 30% of your credit limit to keep your debt-to-credit ratio strong. Staying under 10% is even better. In a real-life budget, the 30% rule works like this: If you have a card with a $1,000 credit limit, it's best not to have more than a $300 balance at any time.
How do I choose which card to use on Amazon? ›- On Amazon.com, sign in to your account.
- Click the Account & Lists drop-down list, and choose Your Account.
- Click Payment options.
- On the Amazon Wallet page, you can change any of the following for the cards that are listed: ...
- To confirm the changes, click Save.
You can expect to use your Amazon credit card anywhere that takes Visa. This means you can use it anywhere in the U.S., and in over 150 countries worldwide. Unlike store cards that are tied to use at a specific retailer, a Visa card connected to Amazon is a regular credit card in many ways.
Which bank credit card gives discount on Amazon? ›Yes, you would get Instant Discount but only on the amount charged on your HDFC Debit or Credit Card. Also, to avail instant discount, your HDFC Debit or Credit Card should be charged for a minimum amount of Rs. 2,000. For example, if total transaction amount is Rs.
Can I get an Amazon credit card with a 630 credit score? ›The Amazon.com Credit Card credit score requirement is 700 or better. That means people with at least good credit have a shot at getting approved for this card. The Amazon.com Store Card, on the other hand, requires a 640+ credit score (fair credit).
What is the easiest card to get approved? ›
Secured credit cards will likely be the easiest cards to get for those with either poor credit or no credit. That's because they require collateral upfront in the form of a security deposit, which is typically equal to the amount of your credit line and reduces the risk to the card issuer if you fail to pay your bill.
How do I check my Amazon business credit limit? ›Go to account settings, click on Amazon Business Credit and you can easily track your purchases, repayments, and credit limits on a simplified dashboard for this payment mode.
Is everyone eligible for Amazon business? ›Amazon Business is free to all registered business owners. But if you want to take advantage of Amazon Business Prime, you'll need to pay for an account. The least expensive plan is $69 per year, and you must have a regular Prime account as well.
Does Amazon business Prime card report to personal credit? ›No, Amazon Business Prime does not report to credit bureaus. Amazon Business Prime is a subscription service that offers discounted shipping rates and other benefits for businesses that order products from Amazon.
How long does it take to approve Amazon business account? ›How Long Does it Take to Verify Your Amazon Seller Account? In most cases, your account will be approved within 24 hours. However, if there's a problem with any of your information, or you entered it incorrectly, this can delay the process.
Does Amazon report to Duns and Bradstreet? ›Who does Amazon Business report to? Dun & Bradstreet is the only business credit bureau that Amazon Business reports to if you are using a Pay by Invoice account. They also report to the SBFE (Small Business Financial Exchange) if you make purchases on Amazon Business credit card.
Does Amazon business card require personal guarantee? ›Get cash rewards and a $50k limit!
Small business owners that can prove steady monthly revenues can apply for a Divvy corporate visa card. No personal guarantee is required!
No, American Express business cards don't normally report to the consumer credit bureaus. However, they may report your account information to TransUnion, Experian, and Equifax if your account reaches delinquent status. Instead, your financial activity will be reported monthly to Dun & Bradstreet.
Does Amex verify income? ›While American Express probably won't ask to verify your income, it's not a good idea to lie about your income on an application. In fact, providing false information on a credit card application is against federal law. Therefore, you're much better off being honest when applying for an American Express credit card.
Can I get Amex Platinum business card without a business? ›So, you may not need to have a formal business to carry a small-business card. Before you get too excited, however, remember that the Amex Business Platinum is one of American Express' most premium products. So Amex probably won't just approve anyone who has a random side gig.
What credit score do you need for an Amex business Platinum card? ›
But you will generally need to have very good or excellent credit to be approved. In particular, your consumer credit score will usually need to be 740 or higher to have a competitive application. Amex will perform a credit check with consumer and business credit bureaus when you apply for an Amex business card.
How many Amex business cards can I get at once? ›American Express limits customers to have a total of 5 Amex credit cards open at any one time. This includes both personal credit cards and business credit cards but does not apply to their charge cards.
What is the credit limit of Amex Blue business Card? ›FAQs. What is the credit limit for the Blue Business Cash™ Card from American Express? The credit limit for the Blue Business Cash™ Card from American Express generally ranges from $1,000 to $10,000 or more depending on creditworthiness. This card also offers expanded buying power that lets you exceed your credit limit ...
Is Amex business a hard pull? ›Yes, Amex does a hard pull on your credit report whenever you apply for one of its business credit cards. A hard pull usually results in a slight decrease in an applicant's credit score, but the effect only lasts for a short period of time.
What credit score do you need to get Amex Gold business card? ›The American Express® Business Gold Card requires a good credit score of at least 670. You might qualify with a personal credit score in the mid-600s if you have a high income or an existing relationship with American Express.
Do you have to pay off Amex business every month? ›You must pay in full, by the Payment Due Date, all charges that are not added to a Pay Over Time, Cash Advance, or Plan balance. We will begin charging interest on cash advances on the transaction date.
What is the highest Amex card? ›The American Express Centurion Card
The Amex Centurion (or Amex Black) is the highest level American Express card, but it has a very elite, invite-only membership and Amex does not officially publish its information.
NewDay Ltd provide credit and store cards for retail partners: Amazon, Debenhams, House of Fraser, Laura Ashley, Topshop, Topman, Burton, Wallis, Miss Selfridge, Evans, Dorothy Perkins, Outfit and TUI. NewDay Ltd's consumer brands include the aqua, marbles, opus and fluid branded range of credit cards.
Is Pulse card an Amazon card? ›Pulse is a new cashback credit card from NewDay, and is completely separate from Amazon. It's designed specifically for existing customers, and is a Mastercard.
Is the Amazon Visa Signature card a credit card? ›The Amazon Rewards Visa Signature Card* is one of two credit cards offered by Chase in partnership with Amazon.com. With the card, you'll earn 3% cash back on Amazon purchases.
What is a pulse Mastercard? ›
What is a Pulse card? A Pulse card is a new cashback Mastercard® that replaces your existing NewDay card. Pulse is offered by invitation only. We've sent some important information about your account to your online inbox. Please check your app or Online Account Manager.
Which bank is behind NewDay? ›Santander continued to operate the cards business until 1 April 2014, when SAV took full control and was renamed NewDay. In March 2015, it was rumoured that NewDay was for sale, valuing the company at around $1.49 billion.
What are the three top credit card companies? ›- American Express.
- Bank of America.
- Barclays.
- Capital One.
- Chase.
- Citi.
- Discover.
- Synchrony Bank.
Is NewDay a good company to work for? NewDay has an overall rating of 3.4 out of 5, based on over 275 reviews left anonymously by employees. 55% of employees would recommend working at NewDay to a friend and 52% have a positive outlook for the business.
What bank is Amazon Signature Card? ›When you apply for an Amazon Rewards Visa Signature Card, Chase Bank will administer the approval process. If your application is instantly approved, you'll be taken to a page that includes the Cardmember Agreement, the terms of your Amazon Rewards Visa Signature account, and other important information.
What is the Amazon Signature Card? ›The Amazon Prime Rewards Signature Visa Card is a co-branded credit card offering rewards like 5% cashback on purchases made on Amazon and at Whole Foods. Besides good credit, you must have a Prime membership to be eligible for a Prime Rewards Signature Visa.
Who is Amazon Prime credit card with? ›The Amazon Secured Card and Amazon Prime Secured Card, issued by Synchrony Bank, are unique credit cards each with two sets of features – the Secured Card features and the Store Card features. The two credit features have some different rates, fees and rewards.
What credit score is needed for Amazon credit card? ›What credit score do you need for the Amazon.com Credit Card? The Amazon.com Credit Card credit score requirement is 700 or better. That means people with at least good credit have a shot at getting approved for this card.
How many credit cards is too many to have open? ›Credit scoring formulas don't punish you for having too many credit accounts, but you can have too few. Credit bureaus suggest that five or more accounts — which can be a mix of cards and loans — is a reasonable number to build toward over time.
What score do you need for Mastercard? ›There is no minimum credit score needed to get a credit card. Some credit card companies don't even check applicants' credit history, so it's certainly possible to get a credit card even if you have a very low credit score or no credit score at all.
What bank is Pulse? ›
And as a subsidiary of Discover Financial Services, a direct banking and payment services company, we use our full view of the industry to be a guiding force in providing insights and advocacy.