Amazon Business American Express Card Offers Cash Back, Flexible Payment Terms
A new credit card made especially for small business owners gives Amazon Prime members extra cash back on purchases, as well as the ability to choose flexible payment terms in lieu of rewards.
The Amazon Business American Express card has many features to recommend it, including no annual fee, cash back at restaurants and gas stations, and special member benefits at Whole Foods Market and Amazon.com. If you get the card, you’ll want to be sure to sign up for Amazon Prime, as many of the card’s benefits are linked to Prime membership.
Innovating on behalf of small businesses
Samant Nagpal, global head of Amazon business payment products, said the company cares deeply about small businesses. “Small businesses are integral to our DNA, and we continue to innovate on their behalf.” Nagpal said the partnership with American Express “empowers small businesses to make flexible choices, streamline everyday buying decisions, and have increased visibility into their business purchases.”
American Express also wishes to make life easier for small businesses, primarily by offering credit products with a low APR and plenty of rewards. “We know our small business customers want the ability to choose a payment tool that works best for their business at any given moment,” said Courtney Kelso, head of U.S. commercial card solutions at Amex. “We’re proud to have developed the Amazon Business American Express card as a powerful business buying tool, backed by the world-class service, security and buying power of American Express.”
Benefits of business credit cards
When they sign up for the card, Amazon Prime members will receive a $125 Amazon.com gift card. All other cardholders will receive a $100 Amazon gift card. And for a limited time, Amazon Business American Express Card Members can also receive a free year of the Amazon Business Prime Essentials plan, which normally costs $179 per year.
Business credit cards offer many benefits for entrepreneurs and small business owners, including low interest rates, spending insights and reports, additional cards for employees, and rewards on the things they purchase most often. There are many different business credit cards available for small business owners, each with their own benefits.
Latest Low APR Credit Card News
This week Amazon in cooperation with Synchrony Bank came out with their new Amazon Credit Builder credit card. It is not difficult to guess that the card is aimed at people who need to build or rebuild their credit. So, what is offered to them and is it really worthwhile?
On March 25, Apple Announced their new Apple Card credit card. “Apple Card is designed to help customers lead a healthier financial life, which starts with a better understanding of their spending so they can make smarter choices with their money,” said Jennifer Bailey, Apple’s vice president of Apple Pay.
When folks have multiple types of debt they’re trying to pay off, it can be difficult to know which check to write first. But for the many people struggling under student loan debt, it’s important to pay off other loans first, financial experts advise.
Online retailer Zulily is now offering customers a co-branded credit card that allows them to pay for purchases in three monthly payments. The card, issued in conjunction with Synchrony Financial, offers Smart-pay, which gives cardholders flexible payment options.
A new survey indicates that Americans are getting more comfortable with the idea of instant financing when they’re shopping online. Seventy-five percent of folks said they would choose to buy from an online merchant offering instant financing, rather than one that did not, if given the option. And 28% said they would switch stores if they could use instant financing to fund their purchase.