Amazon has launched two new credit cards for businesses. They are called Amazon Prime Business and Amazon Business. Both are available now. If your company buys supplies on Amazon, these cards are aimed at you.
What changed
U.S. Bank issues the cards, which means it is the bank that lends the money and manages the account. The cards run on the Mastercard network, so they work where Mastercard is accepted. Amazon says the cards offer better rewards and flexible ways to finance purchases.
Who it affects
The cards are meant for business owners and teams that already spend money on Amazon. That could include small shops, offices and contractors that reorder supplies often. Anyone who runs a business and uses a card for everyday buying may also want to take a look.
What is not known yet
The material available so far is thin. It does not say what the rewards are, how much they are worth, or which purchases earn them. It does not list fees, interest rates, credit requirements or the terms of the financing. It also does not explain how the two cards differ from each other.
What to do
- Find the full terms on the card offers before you apply.
- Compare the rewards and financing with the card you use now.
- Check for any annual fee and the interest rate.
- Look at where your business spends most of its money.
The takeawayBefore applying for either card, compare its rewards and financing terms with your current business card.