The Amazon Business Prime Amex Card offers exclusive benefits to Amazon Prime members, making it an excellent choice for business owners who subscribe to the popular service. In addition to receiving 5 percent cash back on Amazon purchases (up to $120,000, then 1 percent thereafter) and free employee cards, cardholders have access to financial tools to track business spending, as well as insurance and protection on specific services or items.
Expense management tools
This card gives you access to a variety of expense management and tracking tools, including a mobile app for saving receipt snapshots and monitoring employee spending. Should you have a QuickBooks account, you can also transfer your transactions there.
Vendor Pay by Bill.com also lets you pay bills using your card, but you’ll need to register for the service—and if you have multiple users, there may be a fee involved.
Travel protection and assistance
The Amazon Business Prime Amex provides rental car insurance coverage of up to $50,000 per rental agreement for the first 30 consecutive days,. However deliberate damage, manufacture defects, wear and tear, mechanical failures and failure of any other vehicle or property are excluded from coverage.
As an added benefit for traveling business owners and employees, American Express offers baggage insurance coverage ranging from $500 to $1,250 for carry-on bags, checked luggage and high-risk items—but you can only claim this coverage if your trips are entirely billed to the Amazon Business Prime American Express Card. Perishable items, living plants, animals or pets, credit cards, cash and other travel documents, on the other hand, are not covered by Amex baggage insurance.
Purchase and return protection
Purchase protection coverage is available to cardholders for up to $1,000 per qualified item and up to $50,000 per calendar year (items eligible for protection coverage are those that have been damaged, lost or stolen within 90 days of purchase). The following items are not covered:
- Consumable or perishable items
- Tickets or rare collectables
- Motorized vehicles or vehicle parts and components
- Rented items
You are also protected against purchases made with your American Express credit card that cannot be returned within 90 days (items must be in the original purchase condition and cannot be returned to the original merchant). Return protection coverage is limited to $300 per item and $1,000 per year, excluding shipping and handling expenses. Certain items, however, are not included, including:
- Healthcare items, such as prescriptions or medical aids
- Computer parts or software
- Fine jewelry