Mr Credit CardReview of the Amazon Business Credit Card
Summary - The Chase Amazon Business credit card will appeal to the small business owner whose business purchase stuff frequently from amazon.com as it allows you to earn points when you use the card. These points can then be exchanged for amazon.com gift certificates which you can use to save money towards future amazon.com purchases. Find out more ....
Reward Formula - The Amazon.com business credit card allows you to earn three points for every dollar you spend at amazon.com. You earn one point for every dollar you spend on "other purchases". Once you have earned 2,500 points, you can exchange them for a $25 gift certificate which you can use at amazon.com. Purchases made at Amazon.co.uk, Amazon.de, Amazon.fr, Amazon.co.jp, Amazon.ca, or any other Web site operated by Amazon.com, its affiliates or any other person or entity are not eligible for triple points.
Fees - There is no annual fee for the Chase Amazon.com Visa. New cardholders get a 0% apr introductory offer for both purchases and balance transfers for six billing cycles.The apr is prime rate plus 8.99%, 11.99% or 14.99% depending on your credit. The two-cycle average daily balance method for computing balances.
Verdict - Small business owners who business make frequent purchases at Amazon.com may want to consider the Amazon.com Business Visa® Card
| Chase Amazon Business Credit Card/font> | |
| Reward Benefits | |
| Reward Formula |
Earn 3 points for every dollar you spend at Amazon.com Earn 1 point for every dollar you spend on other purchases |
| Travel and Insurance Benefits | |
| Up to $100,000 Automatic Travel Accident Insurance | |
| Other Benefits | |
|
Online Account Access Online account statements Chase Bill Management Center Credit Line increases |
|
| Cost/Fees/Interest rates | |
| Introductory rate | 0% introductory APR on balance transfers and purchases for first 6 billing cycles |
| Annual Fees | No annual fee |
| Purchase APR | Prime Rate plus 6.99%, 10.99% or 14.99% |
| Balance Transfer APR | Prime Rate plus 8.99%, 11.99% or 14.99% |
| Cash Advance APR | Prime Rate plus 15.99% |
| Penalty/Default Rate APR | Prime Rate plus 23.99% |
| Min Finance Charge | $1.00 |
| Grace Period | 20 days |
| Balance Calculation Method | 2-cycle average daily balance method (including new purchases) |
| Balance Transfer Fee | 3%, min $5.00 max $75.00 |
| Cash Advance fee | 3% min $10.00 |
| Over-the-credit-limit fee | $39.00 |
| Late Payment fee |
$15.00 - up to but not including $100 $29.00 - $100 up to but not including $250.00 $39.00 - $250.00 and above |