The American Express Business Amazon credit card will limit the 5%/3% cashback earning rate to $120,000 in annual Amazon purchases beginning October 1, 2020. Subsequent purchases will earn 1% cashback.
Effective 10/1/20 you will earn 5% or 3% Back on the first $120,000 in purchases each calendar year, 1% Back thereafter
The change is not yet appearing on the application on the Amex side, but is showing on the Amazon application link. The other Amazon cards which earn 5%/3% – the Chase card and the Synchrony card – do not show any change.
5% cashback is a generous amount, and apparently they don’t want to be paying that amount to businesses who order huge amounts of goods on Amazon. For that reason, I’d guess we won’t be seeing similar limits to the Chase or Synchrony cards.
My read on the change is that it will affect existing cardholders as well, and you won’t be ‘grandfathered’ in. I suppose we’ll find out for certain in the coming months.
Hat tip to my friend Michael
How earn express card?
How earn express card
Huh?
How Huh?
It is my opinion that those that royally abuse the spend on these cards are the ones that are causing this.
Yeah, how dare those people take advantage of the 5% offer that they offered!
All people were doing is most likely paying the company AWS bill and getting 5% back. Why’s this abuse?
gc arb =(
Does Amazon provide Amex L3 data?
Yes
Live in Hawaii and a lot of stuff are not that cheaper on Amazon vs. local grocery stores, Target, Safeway, Walmart, Lowe’s physical stores. I barely spend $100 a month on Amazon now compared to five years ago.
I thought I spent a lot on Amazon every month but I don’t go close to $10K per month! LOL
This is business card. A real business can easily spend that much.
It works at AWS. This kind of spend isn’t that weird for that.
Now the real question is will Chase follow lead on its Amazon card? RIP Buyers Club lol
Which ones your favorite? BGs didn’t seem worth the risk of a lost package. But I might try a bit
Pretty much every group has worked out so far. Rare instances of packages lost but Amazon always come to the rescue. Payment delays could be the only issue. At the moment everyone have been paying out in a week or two which is typical.
This is pretty bad news for our business. I hope Chase won’t follow suit. We spend about $100k or more every month. The Amex card will be useless after a month or so into the year starting 2021.
This becomes the sock drawer card for rest of the 11 months. idk if you have a sock drawer at your work place 😛
Ok, those who abused it, how much did you spend?
120k will cover probably 95-99% of churners lol
If that were my employer’s AWS bill, that would take not even 2 bills. But I’m not the finance guy, so there’s no way that’d be on my card….
Yeah I have a feeling this change is due to AWS bills. Businesses using it can rack up millions in Amazon expenses easily.
They could’ve just excluded AWS from the 5%, but that would mean some IT changes to detect those charges I guess.
Newborn could do 120K on Amazon.
Newborn has a spending problem.