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Amazon and Amex are launching the new, no-annual-fee Amazon Business American Express Card today, and it has a unique approach to rewards and perks. For purchases at four different Amazon properties (including Whole Foods), you’ll be able to choose between earning cash back and getting an interest-free financing period — and you can make the decision on a purchase-by-purchase basis.

Unlike with the Amazon Prime Rewards Visa Signature Card, you don’t need to be an Amazon Prime member to sign up for the Amazon Business Amex. However, you do get better perks, and a higher welcome bonus, if you pay the $119 annual fee to become a member.

For US purchases at Amazon.com, Amazon Business, Amazon Web Services and Whole Foods Market, card holders who are Prime members will get either 5% back or 90-day interest-free financing. At the same four Amazon properties, non-Prime members can choose to earn either 3% back or 60-day interest-fee payment terms. Upon approval for the card, Amazon Prime members will get a $125 Amazon.com gift card, and those who don’t have Prime will receive a $100 Amazon.com gift card.

The unique aspect here is the ability to choose cash back or an interest-free financing period each time you make a purchase, via a radio button on the checkout page. So if your small business needs to make a lot of upfront purchases early on, the interest-free financing could come in handy, while down the line when your company’s flush with cash you’d want to earn 5% or 3% back on your spending instead.

In addition to the cash-back/interest-free financing options for qualifying purchases, the Amazon Business Amex earns 2% back at US restaurants and US gas stations, as well as on wireless telephone services purchased directly from US service providers, and 1% back on everything else. The card earns rewards in the form of points, and you can either redeem them to pay for Amazon purchases or as a statement credit. In either case, you’ll get 1 cent per point.

You get access to line-item details on purchases made at Amazon Business, so you can see info such as cost per item and individual items purchased. Other benefits include access to the Connect to Quickbooks and Spend Manager programs, and no-fee employee credit cards.

Bottom Line

The first cobranded Amazon business credit card has some interesting features, and it’s a solid choice for maximizing your return on Amazon purchases, equaling the personal Amazon Prime Visa Signature’s 5% at Amazon. It’s not the most competitive business card out there in terms of welcome bonus or perks, but if your small business spends a lot at Amazon and could utilize the option to choose between interest-free payment terms and cash back, this no-fee card is worth a look.

Photo by Leon Neal/Getty Images.

The Platinum Card® from American Express

The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), up to a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.

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More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$550
Balance Transfer Fee
See Terms
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.