As an Amazon FBA seller, you should always have a keen eye on your profit margins. Today, we are going to be discussing another benefit of amazon fba, specifically tax-free rewards.
One way to do this is by using reward credit cards. American Express (Amex) cards are a popular choice for many Amazon FBA sellers. In this article, we’ll explore the benefits of using Amex cards with Amazon FBA and why they may be a good fit for you.
This article is Valid Globally
Typically my posts cover the United Kingdom and branch into US. However, the benefits of an AMEX card can be redeemed globally.
Firstly, Amex cards offer a range of rewards and benefits that can help you save money and earn rewards on your Amazon FBA purchases. For example, the Amazon Business American Express Card and the Amazon Business Prime American Express Card offer cashback on Amazon purchases, as well as other benefits such as free employee cards and expense management tools.
The rewards you earn can add up quickly, especially if you’re making frequent purchases on Amazon.
Secondly, using an Amex card can also help you build your credit score. By making regular payments on your card, you can demonstrate to lenders that you are a responsible borrower.
This can help you secure better rates on loans and other financial products in the future. Additionally, some Amex cards offer credit limit increases over time, which can help you manage your cash flow and make larger purchases when needed.
We’ve already showed you how to use these credit cards, but this article will really focus on the benefits of doing so.
Benefits of Using Amex Cards with Amazon FBA
If you are an Amazon FBA seller, using an American Express card for your business purchases can have several benefits. In this section, we will explore the advantages of using Amex cards with Amazon FBA, including rewards and points, purchase protection, and enhanced data views.
Overview
American Express offers several credit cards that can be used for Amazon FBA purchases. These cards come with different rewards rates, welcome offers, and annual fees. Some of the best credit cards for Amazon FBA sellers include the Amazon Business Prime American Express Card, the Amazon Prime Rewards Visa Signature Card, and the Chase Ink Business Preferred.
Rewards and Points
One of the most significant benefits of using an Amex card for your Amazon FBA purchases is the rewards and points you can earn. Depending on the card you choose, you can earn cashback, rewards points, or statement credits on your purchases. Some cards also offer bonus categories, such as U.S. restaurants, U.S. gas stations, and wireless telephone services, where you can earn higher rewards rates.
Purchase Protection
Another advantage of using an Amex card for your Amazon FBA purchases is the purchase protection you get. Many Amex cards come with purchase protection benefits, such as extended warranty, return protection, and purchase protection against accidental damage or theft. These benefits can give you peace of mind when making large purchases for your business.
Enhanced Data Views
Using an Amex card for your Amazon FBA purchases can also provide you with enhanced data views. American Express offers a tool called Year-End Summary, which provides a detailed breakdown of your business purchases by category. This tool can help you track your expenses, identify areas where you can save money, and prepare your tax returns more easily.
In conclusion, using an American Express card for your Amazon FBA purchases can be a valuable strategy for business owners. By taking advantage of rewards and points, purchase protection, and enhanced data views, you can save money, improve your cash flow, and streamline your accounting processes.
Overview
If you’re an Amazon FBA seller, using an American Express (Amex) card for your purchases can be a smart move. Amex offers several credit cards that are designed to cater to the needs of Amazon FBA sellers. These cards come with various benefits that can help you save money and earn rewards.
One of the primary benefits of using an Amex card with Amazon FBA is the cashback rewards. You can earn cashback on your purchases, which can help reduce your expenses. Some Amex cards offer up to 3% cashback on Amazon purchases, which can add up to significant savings over time.
Another advantage of using an Amex card with Amazon FBA is the added security. Amex is known for its excellent security features, which can help protect you from fraudulent transactions. Additionally, Amex cards come with purchase protection, which can provide coverage in case of damage or theft of your purchases.
Using an Amex card can also help you manage your expenses more efficiently. You can track your spending and payments through the Amex app or website, which can help you stay on top of your finances. Additionally, some Amex cards offer extended payment terms, which can help you manage your cash flow better.
Finally, using an Amex card with Amazon FBA can help you build your credit score. Timely payments and responsible use of credit can help improve your credit score, which can open up more financial opportunities for you in the future.
Overall, using an Amex card with Amazon FBA can provide you with several benefits, including cashback rewards, added security, efficient expense management, and credit score improvement.
Rewards and Points
Using an Amex card for your Amazon FBA business can result in many rewards and points. These rewards can be redeemed for discounts, gift cards, and other benefits. Here are some ways you can earn rewards and points with an Amex card:
- Membership Rewards Points: If you have an Amex card that earns Membership Rewards points, you can use these points to shop at Amazon.com. You can redeem these points for discounts on your purchases or for Amazon gift cards.
- Amazon Prime Rewards Visa Signature Card: This card offers a rewards rate of 5% on Amazon purchases, as well as 2% back at restaurants and 1% back on all other purchases. You can use these rewards to get discounts on future Amazon purchases or to get Amazon gift cards.
- Amazon Business: If you have an Amex card that is linked to your Amazon Business account, you can earn rewards on your purchases. You can choose to get 3% back on your purchases.
- Shop with Points: Amex cards that are enrolled in the Shop with Points program can be used to pay for purchases at Amazon.com. You can use your Membership Rewards points or your Amex rewards points to pay for your purchases.
- Discounts: Some Amex cards offer discounts on Amazon purchases. For example, targeted Amex card members can save up to 40% on their next Amazon purchase when they use Amex points to pay for at least a portion of their purchase.
Overall, using an Amex card for your Amazon FBA business can result in many rewards and points that can be used to get discounts on future purchases or to get Amazon gift cards. Make sure to choose an Amex card that offers rewards and points that align with your business needs.
Purchase Protection
One of the benefits of using an Amex card with Amazon FBA is Purchase Protection. When you charge an Eligible Purchase with your Amex card, Purchase Protection can help protect your purchase if it is stolen or accidentally damaged. This coverage is limited up to £1,000 per occurrence, up to £50,000 per Card account per calendar year.
It’s important to note that the reimbursement doesn’t include any shipping or handling expenses. However, certain premium cards cover your purchases for up to £10,000 per incident, with the same limit of up to £50,000 in total claims per calendar year. Be sure to check the terms and conditions of your specific Amex card to see the exact coverage you have.
To validate your coverage, you can call the number on the back of your card. Additionally, Amex provides a Year-End Summary that includes a breakdown of your eligible purchases and the protection benefits applied to them.
Overall, Purchase Protection is a great benefit to have when using your Amex card for Amazon FBA purchases. It provides peace of mind knowing that your purchases are protected in case of theft or accidental damage.
Final Thoughts
If you start purchasing using an American Express Card, you will soon see how fast your reward points accumulate. I have managed to book holidays, hotels and simply activated cashback on items that I’ve purchased using the card, to earn extra money.
It’s definitely worth it, and something that I would advise all of my followers to start doing immediately.
