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Amazon Business Credit Card – How To Choose One?

Amazon business credit card

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Are you looking for an Amazon business credit card, but have no idea how to select the right one for your business? Then in this article, we’ll share the top things to consider when choosing the right one. We won’t mention specific credit cards since they frequently change and a mentioned one could be discontinued when reading this article. However, We’ll equip you with the knowledge to make your own choice. 

Statistics show that 80% of businesses applying for a credit card get one. Therefore, the chances of getting approved are high, and you should check them out for yourself. By the end of this article, you’ll understand the benefits of Amazon business credit cards, and how to choose the right one for your preferences. 

Amazon Business Credit Card Advantages

Now let’s focus on the benefits of having a credit card for your Amazon business. Perhaps this will help you decide if it’s something that matches your interests or you want to look for another way to send and receive payments. 

Get Funding

When applying for a credit card, your credit score will be checked and you’ll be assigned a credit limit. You can use this credit to buy more inventory or pay for other expenses. However, interest might be charged if you don’t pay it back by the end of the month. Therefore, you need to make sure that borrowing money is just for the short-term. However, it’s a good strategy to help with cash flow problems when you want to pay suppliers or employees. 

Also, some credit cards offer interest-free money lending for new customers. Therefore, you can scale your Amazon business quicker at the start by placing bigger inventory orders. 

Accumulate Points

Many credit cards allow you to get points or cash back that can be used to receive money. The more you use your credit card, the more cash back is provided. Therefore, the credit card could potentially improve the profitability of your business. 

You should shop around for a high-quality credit card that provides good rewards. With so many to choose from, finding one that’s a good match for your business shouldn’t be hard. 

Widely Accepted

Credit cards like MasterCard and Visa are accepted on many platforms and by many suppliers. Also, it’s a valid payment method on Amazon and you can get paid with your card. However, it also depends on the card issuers since they might impose some limits you need to be aware of before doing business. 

Fast Processing Time

The speed of getting an Amazon business credit card is another attractive aspect. For example, opening a bank account might take weeks, whereas you can get a credit card sent out to you within days. Also, you may receive a virtual credit card with your account, so you can start using it right away. 

Amazon business credit card

Amazon Business Credit Card Top Factors To Consider

Now let’s turn our attention to the top factors to keep in mind while searching for a card. This will help you filter out the bad cards, so you end up with a choice of great ones that will help grow your business. 

Spending limit

Look for a credit card company that will grant you the spending limit that herpes grow your business. The spending limits will somewhat be limited by your credit score, but business accounts generally receive a higher limit than personal ones. 

Also, you can show evidence of starting and running your business. The more stability you can show, the better your chances of achieving a spending limit that you’re happy with. However, if the first few companies are offering a spending limit that’s too low, then simply keep looking. 

Terms and Conditions

Make sure to read the Amazon business credit card terms and conditions. This ensures you understand the rules you must follow and choose one you feel aligns with your business. For example, there might be a big jump in credit card interest rates or penalties you didn’t know about. 

Understanding the fine print can make a big difference in how you use the credit card. If you don’t have experience using business credit cards, you may want to ask a professional for help. This could be your accountant or lawyer. They can help you go through the terms and conditions to spot any deal-breakers. 

New Customer Deals

The business credit card landscape is competitive, so they are looking to generate more customers by offering excellent newcomer deals. For example, you can get interest-free borrowing for 1-2 years after creating an account. Deals like these are an excellent way to borrow money to grow your business. 

Once the interest-free period finishes, there’s no reason why you shouldn’t move to another provider and enjoy the same benefits. However, you may find that locating an honest and reliable credit card company for the long term might be the better approach. 

Customer Service

You’ll need excellent customer service from the credit card company when any issues arise. For example, if your credit card stops working or there is a security concern, you should have the ability to quickly contact customer support. 

Also, the support team must have the knowledge to help overcome problems so you don’t face any big obstacles to running your business. You can read customer reviews to learn about their experience with a credit card company. 

Amazon Business Credit Card Final Thoughts

To summarize, there are many Amazon business credit cards out there that will improve your ability to have a successful business. Focus on getting a good spending limit, finding a reliable company, low-interest rates, and strong reward bonuses. 

Picking the right credit card should be a fast process since there are many good options and you need one right away to move your business along. If you don’t find a good fit, then simply sign up for more until you are happy with your Amazon business credit card. Want to start your business on the right foot? Then register an LLC business here at Business Anywhere

About Author

Picture of Rick Mak

Rick Mak

Rick Mak is a 30-year veteran businessman, having started, bought, and/or sold more than a dozen companies. He has bachelor's degrees in International Business, Finance, and Economics, with masters in both Entrepreneurship and International Law. He has spoken at hundreds of conferences around the world during his career on entrepreneurship, international tax law, asset protection, and company structure. Business Anywhere Editorial Guidelines

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