Small businesses have been hit the hardest due to COVID-19. Even though many have started to reopen it will take some time before returning to those pre-COVID numbers. So AMEX and Amazon have launched a co-branded credit card to help small businesses in the UK make it easier to protect and manage their finances.
“63% of British small businesses say cash flow issues have led them to delay purchasing goods and services they need to run their business”Research done by American Express and YouGov
There are 2 card options: Amazon Business American Express® Card and the Amazon Business Prime American Express® Card. Both cards allow small business owners flexible benefits and payment optionality letting them decide between earning rewards or adjusting payment terms on eligible purchases.
So let’s explore all of the benefits, shall we?
Key Benefits of Both Credit Cards
Amazon Business American Express Cardmembers and Amazon Business Prime American Express Cardmembers will have access to the following key benefits:
- 2% Amazon Rewards points on the first £120,000 in purchases at Amazon.co.uk, Amazon Business UK and Whole Foods Market UK each calendar year, 1% thereafter or 90-day payment terms on such purchases for Cardmembers who are Business Prime members on Amazon Business UK
- 1.5% Amazon Rewards points on the first £120,000 in purchases at Amazon.co.uk, Amazon Business UK and Whole Foods Market UK each calendar year, 1% thereafter or 60-day payment terms on such purchases for all other Cardmembers
- 0.5% Amazon Rewards points on all other purchases for all Cardmembers
- Both Cards come with a £50 annual fee
- Annual fee is waived for new Business Prime American Express Cardmembers in the first year
- Upon approval, new Cardmembers who are Business Prime members will receive an Amazon gift card with £50 value
- All other Cardmembers will receive a £25 Amazon gift card
Applying and Terms & Conditions
Be sure to read full terms & conditions and review FAQ’s here before applying for the AMEX and Amazon Business credit cards.
The post AMEX & Amazon Launch Co-Branded Credit Cards for Small Business Owners in the UK was first published on Coworkaholic.