You could have gotten an offer for an Amazon Prime Business Card if you’re a regular Amazon customer. But what is it exactly? Why is Amazon giving it to you, too? These and other inquiries will be addressed in this essay.
Let’s start by defining the Amazon Prime Business Card. It’s a credit card made for proprietors of small businesses that frequently use Amazon. On every purchase made on Amazon and at other qualifying stores like gas stations, dining establishments, and office supply stores, cardholders can earn rewards. You can use these rewards to get cash back or to put toward future Amazon purchases.
Let’s get to the point: Why is Amazon providing you with a business card? It’s really quite easy. Amazon wants to draw more proprietors of small businesses to its platform and persuade them to use the card while making purchases. Amazon wants to position itself as a one-stop shop for all company requirements, thus it is providing incentives and prizes.
Can you use your Amazon Prime Business Card anyplace in relation to this? No, is the response. Chase Bank is the issuer of the co-branded Amazon Prime Business Card. It is only usable at businesses that take Visa credit cards. However, as was already said, the card offers rewards on a number of categories, so users may still find use for it.
Next question: What does PG stand for in business credit? The term “personal guarantee,” or “PG,” refers to a legal arrangement that makes a person liable for a debt in the event that a company is unable to repay it. For small company credit cards, including the Amazon Prime company Card, the majority of credit card issuers demand a personal guarantee.
What therefore is the best way to avoid a personal guarantee? Unfortunately, a personal guarantee cannot be completely avoided. There are measures to lessen the danger, though. By paying on time and upholding a solid payment history, you can build business credit. In the future, you may be able to obtain credit cards and loans without a personal guarantee thanks to this.
And lastly, is a personal guarantee required for the Chase Ink Business Card? It does, indeed. The Chase Ink Business Card is similar to other small business credit cards in that it necessitates a personal guarantee, as was already noted. For small business owners who routinely buy office supplies, internet, cable, and phone services, it’s still a terrific card.
Finally, the Amazon Prime Business Card is a credit card created for proprietors of small businesses who frequently make purchases on Amazon. It offers incentives across a range of areas, which may be redeemed for cash back or used to offset future Amazon purchases. It’s a terrific alternative for small business owners who wish to streamline their purchase procedure even though it does call for a personal guarantee.
No, Amazon Business does not charge a monthly fee; however, there are costs connected with some programs, like Business Prime and Pay by Invoice. However, an Amazon Prime membership, which does have a monthly or annual price, is necessary to apply for and use the Amazon Prime Business Card.
Yes, business accounts can use the Amazon Prime Business Card to access Amazon Prime. The card gives unique savings on select Amazon purchases as well as Prime features like free two-day shipping, Prime movie and music streaming, and access to Prime rewards.