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Amazon Business Prime American Express Card Review

Dayana Yochim

Written by Dayana Yochim
Edited by Carolyn Kimball
Fact-checked by Andrea Coombes

March 12, 2024

Why trust us? has no financial relationship with any of the credit card providers whose products we analyze and review. Our opinions are based solely on data and our own extensive independent research — that means unbiased guidance for consumers. Rewards cards in our cashback credit card calculator are listed in descending order according to how much money they pay out annually based on the inputs.

This is the rewardier of Amazon’s two business credit cards, with a higher cashback rate (5%) and longer interest-free period (90 days) on Amazon products and services (including Amazon Web Services and Whole Foods). The catch is that you can choose one or the other, not both.

The Amazon Business Prime card from American Express is the near-identical twin of the Amazon Business card, but with slightly better rewards terms. The Business Prime Amex card offers 5% instead of 3% cash back on purchases from the Amazon family of companies. (The 2% categories are the same on both cards.) And if you choose the pay-later option instead of 5% cash back, you’ll get 90 interest-free days from the date of purchase instead of the 60 the non-Prime Amazon Business card offers.

Technically, there is no annual fee for this rewards card. But an Amazon Business Prime membership is required, and that starts at $69 a year for a single user. The $125 Amazon gift card offered upon approval can offset that cost for the first year or two.

The basics: 5% back or 90-day terms on U.S. purchases at Amazon. Terms and caps apply. 2% back at U.S. restaurants, gas stations, and wireless telephone services purchased directly from service providers. 1% back on all other eligible purchases. Get a $125 gift card upon approval.

Credit Card Calculator
Monthly Spend
Spend Categories expand_more
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dining Dining
local_gas_station Gas
monetization_on Other
card_travel Travel
phone_iphone Cell Phones
print Office Supplies

Amazon Business Prime American Express Card

Amazon Business Prime American Express Card Logo
Cashback Per Year
Annual Fee
Welcome Bonus
an $125 Amazon Gift Card
Want to compare more cards? Use our full calculator.

Amazon Business Prime American Express Card pros and cons

thumb_up_off_alt Pros

  • Choice of cash back (5%) or more time (90 days) to pay
  • 2% back on dining, gas and gab (cell services)
  • $125 no-strings gift card upon approval
  • $0 annual fee
  • No foreign transaction fee
  • Potential referral bonus
  • Includes Amex perks

thumb_down_off_alt Cons

  • 5% rewards/90-day no-interest apply only to Amazon purchases
  • Choose the 90-day financing and you forgo cashback rewards
  • $120,000 annual cap on 5% eligible spending
  • Amazon Business Prime membership required
  • Redemption minimums revealed upon approval
  • Balance transfers not allowed

Amazon Business Prime American Express Card cashback rewards spending categories

The following table shows the cashback rewards rate per $1 spent in the six most common spending categories. The “Bonus Rate” refers to the amount you can earn in excess of the card’s standard rewards rate.

Some cashback cards limit the spending amount eligible for the bonus rate (aka the “Spend Cap”). Once you hit that cap (e.g., $1,500 spending in a particular category during a defined time period), the rewards rate on future purchases in that category reverts to the lower “Default Rate.”

Category Default Rate Bonus Rate Bonus Spend Cap Bonus Spend Period (Months)
Cell Phone 2.00% - - -
Dining 2.00% - - -
Gas 2.00% - - -
Travel 1.00% - - -
Office Supplies 1.00% - - -
Other Purchases 1.00% - - -

Note: The Amazon Business Prime American Express card offers 5% cashback on U.S. purchases from Amazon and its businesses (such as Amazon Web Services, Whole Foods and Amazon Business) on up to $120,000 in purchases per year. You forgo the cashback if you opt for the 90-day interest-free period on those purchases.

What we like

The 5% rewards rate can really help offset costs if your business relies heavily on Amazon-owned properties — including Amazon Business,, Whole Foods or companies that operate as Amazon Web Services (AWS).

The 90-day, no-interest breather on Amazon-related purchases is a handy financing tool For months where business cash isn’t flowing in the right direction.

Who couldn’t use 2% cashback on wireless phone service? Just remember you only earn it on service purchased directly from U.S. service providers.

There is no cap on 2% rewards spending (which applies to restaurant, gas station and wireless service purchases) or the 1% cashback that applies to everything else.

The $125 Amazon gift card welcome bonus requires nothing more than being approved for the card. No minimum spending in a short timeframe required. And no guilt about buying that weird thing you put on your wish list!

This card includes some of Amex’s purchase and travel extras, like access to the premium Global Assist Hotline, car rental loss/damage coverage, baggage insurance, purchase protection and extended warranties. Of course, terms apply.

The Amex Business App is designed to work with QuickBooks (account required) to help business owners manage expenses and receipts.

The card also comes with six months of free enrollment in Vendor Pay by to manage invoices. Note: Enrollment is free, but transactions within the service may not be.

The $0 annual fee extends to additional employee cards you request, which you can do so for up to 99 of your minions. Like most biz cards, you can set spending limits and alerts on employee cards.

No foreign transaction fee! Great if you work with international suppliers or travel outside of the U.S.

What we don't like

The 5% cashback/90-day no-interest terms apply only to Amazon-related providers and services. This is an Amazon credit card, so we won’t feign surprise about that loophole.

Another limiting factor: 5% cashback earnings are capped at $120,000 each calendar year. After that the cashback rate dips to a sad 1% until the next calendar year.

Proof you can’t have it all: You’re allowed to choose either 5% rewards or a 90-day interest-free repayment period, not both. (Make your selection within your card account management page or choose at checkout when shopping at Amazon-owned properties.) On the plus side, financed purchases do not count toward the $120,000 annual rewards spending cap.

The redemption options are basic: Either apply rewards toward an or Amazon Business purchase, or request the money as a statement credit.

Here’s the cashback redemption kicker: “minimum and maximum amounts may apply,” according to the rewards operating instructions. For example, to use points for eligible charges you’re required to have at least 1,000 available points on your card account.

The 2% cashback categories are limited to U.S.-based businesses only. Bummer if you travel outside of the country and put restaurant, gas or telecom purchases on the card.

Balance transfers just flat-out aren’t allowed.

The bottom line

Is the Amazon Business Prime American Express Card the best rewards card for your wallet? The answer depends entirely on your spending patterns. Let the numbers speak for themselves: Use the Cashback Credit Card Calculator to see which credit card pays back the highest rewards based on how much you spend each month.

Amazon Business Prime American Express Card fine print

The Amazon Business Prime Card rewards program explained, plus all the rates, fees, terms and conditions to know before signing up.

Does the Amazon Business Prime American Express Card charge an annual fee?

No, there is no annual fee for the Amazon Business Prime American Express Card.

tips_and_updates Trivia time!

Roughly 11% of the business cashback cards we track in our database charge an annual fee. The average annual fee is $200.

Does the Amazon Business Prime American Express Card offer a welcome bonus?

Yes, the Amazon Business Prime American Express Card has a welcome bonus of an $125 Amazon Gift Card.

tips_and_updates Fun fact

Of the business credit cards in our database, 83% offer a welcome bonus. Currently, the average sign-up bonus on a new business cashback card is $421.79, with the median being $300.

How much cashback can I earn with the Amazon Business Prime American Express Card?

The average business that spends $2580 per month will earn $464.40 in cash back per year using the Amazon Business Prime American Express Card. For comparison, the average annual rewards payout from the business credit cards in the database is $483.97, and $464.40 is the median.

These calculations are based on average consumer spending data from the Bureau of Labor Statistics (BLS) and the reward payout rates from the providers we track. Of course, you’re so much more than an average data point (aka “consumer unit,” in BLS parlance). The amount you can earn in cashback rewards using the Amazon Business Prime American Express Card depends entirely on your unique spending habits.

Find out exactly how much you’ll rake in with the Amazon Business Prime American Express Card by tailoring the spending inputs in the calculator above.

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The results of the Credit Card Rewards Calculator are based on the monthly spending amounts you enter and the annual dollar value of the rewards each credit card program pays per $1 spent. Credit card companies often express this payout amount as a percentage (e.g., 1.5% of every dollar spent) or on a points basis (e.g. ,1.5 points for every dollar spent). We converted all of them to a dollar amount (“Cash Back Per Year”) to make comparing offers easier.

To calculate the amount of cash back you could earn per year, we factored in:

  • Spend category inputs: The default dollar values for each “Spend Category” in the Best Cashback Credit Cards tool — gas, groceries, travel, restaurant, entertainment, pharmacy, other — are based on average American spending data from the Consumer Expenditure Surveys from the U.S. Bureau of Labor Statistics. We also include additional spend categories (such as streaming services, online shopping, utilities, transit, Amazon and more) to help you see which rewards cards are most closely aligned with your actual spending patterns. We encourage you to customize the monthly spend inputs for the most accurate results.
  • Tiered rewards rates: If a rewards credit card pays higher cashback rates on certain spending categories (also called “Bonus Rewards”), that difference is reflected in the total “Cash Back Per Year” tally.
  • Rewards spending caps: Some cards impose category- or time-based limits (monthly, quarterly, annually) that affect the amount of rewards you can earn. For example, a card may pay 3% cash back on groceries on up to $1,000 of spending each quarter, then revert to the base/default rewards rate until the following quarter. We accounted for bonus spending caps and timeframe in the calculations.
  • Default rewards rates: Purchases that exceed a spending cap are usually subject to a lower default rewards rate (e.g., 1% or 1.5%). We mathed that out too.
  • Annual fees: If a rewards card charges an annual fee, we deducted that amount from the “Cash Back Per Year” total to provide a true accounting of a card’s annual rewards payout.

What’s not included in the “Cash Back Per Year” total is the cash value of any sign-up/introductory bonus. We highlight any Welcome Bonus separately. While sign-up bonuses can be the most lucrative part of getting a new cashback rewards credit card, not everyone will want or be able to do what it takes to earn the extra cash. (It usually requires spending a certain amount in a specified time period after the card is activated.)

About the Editorial Team

Dayana Yochim
Dayana Yochim

Dayana Yochim has been writing (articles, books, podcasts, stirring speeches) about personal finance and investing for more than two decades, focusing on bringing clarity and the occasional comedic aside to what is often a murky, humorless topic. She’s written for NerdWallet, The Motley Fool,, Woman’s Day, Forbes, Newsweek and others, and been a guest expert on "Today," "Good Morning America," CNN, NPR and wherever they’ll hand her a mic.

Carolyn Kimball
Carolyn Kimball

Carolyn Kimball is Managing Editor for Reink Media Group and the lead editor for content on Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.

Andrea Coombes
Andrea Coombes

Andrea Coombes has 20+ years of experience helping people reach their financial goals. Her personal finance articles have appeared in the Wall Street Journal, USA Today, MarketWatch, Forbes, and other publications, and she's shared her expertise on CBS, NPR, "Marketplace," and more. She's been a financial coach and certified consumer credit counselor, and is working on becoming a Certified Financial Planner. She knows that owning pets isn't necessarily the best financial decision; her dog and two cats would argue this point.