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Prime Visa vs The Business Platinum Card® from American Express
This comparison aims to help users decide between the Prime Visa and The Business Platinum Card® from American Express. Both cards offer unique features tailored to different financial needs and spending habits.
Card Overviews
Prime Visa
The Prime Visa is designed for Amazon Prime members who frequently shop at Amazon and its affiliated stores. It offers generous cash-back rewards on purchases made within the Amazon ecosystem and provides additional benefits for everyday spending.
The Business Platinum Card® from American Express
The Business Platinum Card® from American Express is geared towards business owners looking to maximize their travel rewards and enjoy premium perks. It features extensive travel benefits, access to airport lounges, and robust rewards for business-related purchases.
Detailed Feature Comparison
| Feature | Prime Visa | The Business Platinum Card® from American Express |
|---|---|---|
| Annual Fee | No annual fee | $695 |
| Welcome Bonus | $100 Amazon Gift Card upon approval | 150,000 Membership Rewards® points after spending $20,000 in the first 3 months |
| Rewards Structure | 5% back at Amazon.com, 2% back at gas stations/restaurants, 1% back on all other purchases | 5X points for flights/hotels booked at AmexTravel.com, 1.5X points on select purchases, 1X on other purchases |
| Foreign Transaction Fee | None | None |
| Other Fees | None specified | $200 Airline Fee Credit, $199 CLEAR® Plus Credit |
| Additional Benefits | Daily rewards redemption at Amazon.com | Access to 1,400+ airport lounges, up to $1,000 in statement credits, Hilton benefits |
Rewards Highlights
- Earn 5X Membership Rewards® points for flights, prepaid hotels, and short-term rentals and prepaid flight + hotel packages booked at AmexTravel.com.
- Earn 1.5X points (that’s an extra half point per dollar) on each eligible purchase at US construction material, hardware suppliers, electronic goods retailers, and software & cloud system providers, and shipping providers, as well as on purchases of $5,000 or more, on up to $2 million per Card Account per calendar year. Purchases eligible for multiple additional point bonuses will only receive the highest eligible bonus.
- Earn 1X points on other eligible purchases.
Pros and Cons
Prime Visa
- Pros:
- No annual fee.
- Strong cash-back rewards on Amazon purchases.
- Instant Amazon Gift Card upon approval.
- Easy redemption for daily rewards.
- Cons:
- Rewards primarily limited to Amazon and select categories.
- Less beneficial for non-Amazon shoppers.
The Business Platinum Card® from American Express
- Pros:
- Valuable travel rewards and perks.
- Access to numerous airport lounges worldwide.
- Substantial welcome bonus and statement credits.
- Rewards structure benefits business-related spending.
- Cons:
- High annual fee of $695.
- Requires significant spending to unlock the most value.
Who Should Consider Which Card?
- Prime Visa: Ideal for Amazon Prime members who frequently shop at Amazon, looking for a no-annual-fee card that offers excellent cash-back rewards on Amazon purchases.
- The Business Platinum Card® from American Express: Suited for business owners who travel frequently and wish to take advantage of premium travel benefits, airport lounge access, and business-related rewards.
Conclusion
When choosing between the Prime Visa and The Business Platinum Card® from American Express, consider your individual spending habits, lifestyle, and financial goals. Each card offers unique advantages that cater to different user needs.