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American Express (NYSE: AXP) and Amazon (NASDAQ: AMZN) have launched the Amazon Business American Express Card for small businesses. Card Members can choose to earn rewards or get a payment term to benefit their cash flow.
“At Amazon, small businesses are integral to our DNA and we continue to innovate on their behalf. We’re thrilled to launch the Amazon Business American Express Card, which puts the collective strength of Amazon Business and American Express into the hands of U.S. small businesses,” said Samant Nagpal, Global Head of Amazon Business Payment Products. “The card empowers small businesses to make flexible choices, streamline everyday buying decisions, and have increased visibility into their business purchases.”
The key card benefits vary based on whether a customer is an eligible Prime member:
- 5 percent back or 90-day payment terms for eligible Prime members (including Business Prime) on U.S. purchases at Amazon Business, Amazon Web Services, Amazon.com and Whole Foods Market.
- 3 percent back or 60-day payment terms for all other customers on U.S. purchases at Amazon Business, Amazon Web Services, Amazon.com and Whole Foods Market.
Card Members can use their rewards to shop at Amazon Business and Amazon.com or apply rewards toward a purchase on their statement. Upon sign-up, eligible Prime members will receive a $125 Amazon.com gift card and all other customers will receive a $100 Amazon.com gift card.
Editor's note: MDM is hosting the MDM Forum: How Distributors Should Respond to Amazon Business, Dec. 4-6, where Amazon Business insiders and experts lead sessions on how to maximize your sales and profitability through Amazon platforms, as well as how to best leverage existing advantages through your own digital channels.