Small Business News
Details of Amazon Prime Business Card Revealed as Card Debuts
After previewing a refreshed pair of business credit cards last month, Amazon and new issuer U.S. Bank have now revealed the full details.
About the New Prime Business Card and Amazon Business Card:
In April, Amazon confirmed that it was moving its business credit card portfolio from American Express to U.S. Bank. As part of this update, they also teased “exciting new benefits.” Now, we’re learning more about those benefits as the Prime Business Card and Amazon Business Cards become available for new applicants.
Headlining the announcements is news that the updated cards will now offer enhanced rewards outside of Amazon purchases. Cardholders can now earn 2% back (on up to $150,000 annually) on their top three eligible spending categories per statement cycle. Eligible spending categories include:
- Accounting & Tax Services
- Advertising & Direct Marketing
- Airlines
- Car Rental
- Cell Phone Providers
- Computer & Software Services
- Dining
- Drug Stores & Pharmacies
- Entertainment
- Gas & EV Stations
- Grocery Stores
- Hotel
- Office Supply Stores
- Postal & Shipping Services
- Utilities
In addition to this new 2% category, Prime Business Card customers can earn 5% back on U.S. Amazon purchases up to $150,000 per year. This includes Amazon.com, Amazon Business, Amazon Web Services, and Whole Foods Market. Meanwhile, those without Amazon Prime can earn 3% back on these purchases (up to $150,000 per year) with the Amazon Business Card.
Customers can also now earn 5% back on travel booked using the U.S. Bank Travel Center when they pay with their Prime Business Card or 3% with the Amazon Business Card. All other purchases earn 1% back.
Another benefit of the refreshed cards is the ability to split eligible Amazon purchases into fixed monthly payments. This 0% APR option is available with terms of up to 12 months. However, purchases that use this feature will not earn rewards.
Neither the Prime Business Card nor the Amazon Business Card carries an annual fee. Both cards are now available for new applicants, while existing cardholders will be automatically moved to the corresponding new card this August.
What They’re Saying:
Discussing the updated cards, Amazon Business VP Shelley Salomon said, “We heard from business customers that they wanted more from their card — more rewards outside of Amazon, more flexibility in how they pay, and more control over how their teams spend. The new Prime Business Card and Amazon Business Card are our answer: rewards that automatically adapt to each customer’s spending, interest-free installment options, and built-in spend management tools — all with no annual fee.”
Meanwhile, U.S. Bank’s SEVP and head of payments (consumer and small business) Courtney Kelso said of the cards, “We’re not just offering a credit card — we’re delivering a comprehensive financial toolkit that helps business owners manage cash flow, maximize rewards, and access the credit they need to seize opportunities when they arise. And this is just the beginning — cardholders can look forward to even more value as we introduce additional U.S. Bank services designed specifically for their needs.”
My Thoughts:
Based on the vague language U.S. Bank and Amazon used when initially announcing these new cards, I didn’t expect much. Yet, I think that the new benefits they’ve come up with are pretty solid. For one, earning 2% back on your top three categories is a nice bonus (especially if business owners use it strategically). Meanwhile, the option to finance Amazon purchases for 12 months at 0% APR could certainly be helpful to small business cash flow. So, all in all, I think U.S. Bank has done a nice job with this transition and update.
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