Amazon Business Credit Card

Potbellypig

Has anyone had this offer from Amazon Business Credit Card? If you take one out then you'll get the first year fee waived (£50) and £100 Amazon Gift Card. Seems like a free £100 Amazon voucher to me, but just thought I'd check on here if anyone has taken one out and I've missed some small print?

ThisnotThat

From what I can tell, as there is no mention of an interest-free period, interest will be payable regardless of whether you pay it off in full or not.

If you're not actually using it for business, I'd avoid using it for that reason.

crumpet_man

from: https://www.americanexpress.com/content/dam/amex/uk/legal/business/AZSBS-Card-TermsandConditions.pdf

2.4 Applying interest When is interest payable? We charge interest from the date an amount (e.g. a purchase or fee) is charged to your outstanding Account balance until it is paid in full but there are two exceptions to this. We don’t charge interest on:  purchases if you always pay the full amount you owe on each statement date (as shown on your statement) by each payment due date; or  late payment fees or returned payment fees.

Examples When you won't pay interest on purchases If you paid the full amount you owe in June and in July we won't charge interest on any purchase charged to your Account in July and shown in your July statement.

Bunyip_2

I applied for this card - my application was referred (rather than an instant approval), but it came through about 4 days later.  The £100 Amazon gift card was applied to my Amazon account immediately after (you need to apply through your Amazon account).  Very simple process - couldn't see a downside.  My business is very small, but the application process takes into account other household income.  1.5% back on Amazon spending and 0.5% back on other spending (refunded as vouchers, I think).

funkycredit

Potbellypig said:

Has anyone had this offer from Amazon Business Credit Card? If you take one out then you'll get the first year fee waived (£50) and £100 Amazon Gift Card. Seems like a free £100 Amazon voucher to me, but just thought I'd check on here if anyone has taken one out and I've missed some small print?

I just took one for my business. Easy online process; 5 days after the submission email I got one asking me to upload a business statement (as I asked for card at trading address (home) instead of registered address) and the day after I did that I got the success email and then Amazon alerts (instantly) advising a new card was added to my business account plus a £100 voucher. The card has instant spend limit then card limit. My card came 2 days after the success email. 

I've opted for 1.5% - don't need 60 day terms; but it's a credit card anyway so can pay a % - no need to clear it like the normal corporate cards. 

All pretty good. I should add, I do hold 3 personal Amex cards too. 

DjangoUnchained

not sure if its true these days but use to be the case that business credit cards didnt offer sect 75 protection like consumer cards/

Sandtree

DjangoUnchained said:

not sure if its true these days but use to be the case that business credit cards didnt offer sect 75 protection like consumer cards/

You mean business credit cards aren't covered by the Consumer Credit Act?

The Consumer Credit Act 2006 changed the definition of "individual" to include sole trader and small partnerships and so some will be a regulated product but if its a limited company or other incorporated entity then no matter its size it is outside the CCA.

Boodysaspie

Sorry, bumping an old thread ...

Is there any downside to applying / receiving the card, getting the £100 and then cancelling the card? The T&Cs say I can cancel at any time.

ItsComingRome

Boodysaspie said:

Sorry, bumping an old thread ...

Is there any downside to applying / receiving the card, getting the £100 and then cancelling the card? The T&Cs say I can cancel at any time.

A hit to your file for a hard search, but other than that, no.

Sandtree

Boodysaspie said:

Sorry, bumping an old thread ...

Is there any downside to applying / receiving the card, getting the £100 and then cancelling the card? The T&Cs say I can cancel at any time.

Its a business card so presumably the £100 will have to be declared in the business accounts/tax returns but contrary to urban myth in the normal run of things extra money always means extra bottom line 

amitjani740

Is this the amazon gift card or a different credit card/