Starting a business is always a challenge, and growing and being successful today is even more so. So to help, Amazon revealed it is teaming up with American Express to support small businesses in the UK with two new business credit cards.
According to a YouGov report, 63% of UK small businesses say cash flow issues have caused them to delay purchasing the goods and services they need to run their business. Almost a quarter (23%) said they postponed buying “ larger tickets ” in the past six months until they had funds available, and 38% of them did not. buy only the “ essentials ” they need to keep their business running.
Amazon recognizes that small and medium-sized enterprises (SMEs) are the backbone of the UK economy, as more than half of all products sold on Amazon stores come from sales partners, the majority of which are small businesses. So Amazon launched the Amazon Small Business Accelerator program, aimed at giving small businesses the resources and information they need to thrive in 2021 and beyond.
With that in mind, the Amazon Business Prime American Express Card and Amazon Business American Express Card offer a host of rich rewards and payment flexibility designed to help businesses better manage their cash flow and better understand their spending.
Businesses can choose to earn 2% Amazon Rewards points with the Amazon Business Prime American Express card, or 1.5% with the Amazon Business American Express card, on the first £ 120,000 in UK purchases on Amazon Business, Amazon.co.uk and Whole Foods Marché, 1% thereafter. All cardholders also earn 0.5% Amazon Rewards on all other qualifying purchases. Businesses can use these points to cover their monthly statement balances or use them to pay for future Amazon purchases. (Spa and conditions of application *)
Instead of earning rewards, when making a UK purchase from Amazon Business, Amazon.co.uk, and Whole Foods Market, businesses can choose 90-day payment terms with the Amazon Business Prime American Express card ( 60-day Amazon Business American Express Card payment terms). *
With these cards, SMEs can go further in their purchases, while working with trusted brands.
Learn more by visiting www.amazon.co.uk/AmazonBizAmexCard.
* Representative APR for both cards: 32.6% APR. Spa and conditions of application. Subject to approval, 18 years and over. American Express Services Europe Limited is authorized and regulated by the Financial Conduct Authority.