Like the title says this is the 1st statement with the Amex Amazon and I didn't realize until now how much of a pain it is to actually get the "cash back". I only had 2 purchases totaling about $540... So 5% CB is $27. But with Amex you can only use the cash back points towards purchases for less than your point balance with a $10 minimum... So since I have $27 in cash back but a charge for $415 and $125 I can't use my cashback. Anyway that's my rant guess I've been spoiled by the ease of Chase Amazon and didn't realize how tricky Amex would be. Not sure if I should just sock drawer this card or transfer the limit to another card and close it.
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Can I get both the Amex Blue Cash Everyday and the Prime Visa?
Yes, you can get the Amex Blue Cash Everyday and the Prime Visa and use them for different types of purchases to maximize the bonus categories. Use your Amex Blue Cash Everyday for groceries, gas and non-Amazon online retail purchases within the U.S. The Prime Visa is better at Amazon and restaurants.
Does the Amex Blue Cash Everyday earn cash back at Amazon?
The Amex Blue Cash Everyday earns 3% back at U.S. online retail purchases (on up to $6,000 in purchases per year, then 1% back). That category includes purchases you make with Amazon. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.
How do I earn 5% cash back at Amazon?
Outside of special deals, the best way to get a 5% return on your Amazon purchase is with the Prime Visa card. It earns an unlimited 5% cash back at Amazon.com, Whole Foods and Amazon Fresh.
I wanted to apply for this card for my new business since I know I'll be doing a lot of Amazon purchases. For those that aren't familiar, in order to get the Business Prime card, you have to first sign up for the Amazon Business Prime service. As a sole prop/single-member LLC, you can append this Business Prime Duo service to your existing Amazon Prime membership for an additional $69/yr. This takes about 24 hours to take effect once you sign up.
As this card is considered a "no annual fee" card, it's important to recognize that you still have to pay at least $69/yr to use it as described above. However, there's a regular AMEX Amazon Business card that does not require you to have Business Prime that does not have any annual charges.
In any case, I applied for the Business Prime card and was initially redirected to a screen asking to call them back. So I did that, and after verifying basic information, I was approved with a $12,000 credit limit. I got the $125 gift card immediately after I got approved.
Business Stats:
Single-Member LLC
Years in Business: 0 ( < 1 month)
Annual Business Revenue: $1,000
Personal Stats:
AMEX Card Hx: Cash Magnet, Platinum, Gold, Green, BBP (oldest card is Cash Magnet >15 yrs history)
Hard Pulls: 4 (last one was about 1 yr ago)
Personal Income: > $150k
FICO Credit Score (Experian): 801
AMEX has always been really good about being giving generous credit limits to new businesses just starting out so I'm pretty happy with the result!!