Amex Amazon Business Card 5% Cashback Limit to 120,000 Per Year (6/26/20)

It’s no surprise that Amazon is one of the most desirable companies to partner with in the form of creating a credit card. Amazon has cards with Chase, Synchrony, and even American Express. It looks like in the near future, there will be an upcoming change to the Business card from American Express. 

The News

The American Express Business Amazon credit card will limit the 3% (without Prime) and 5% back (with Prime) earning rate to $120,000 per calendar year starting October 1, 2020. After passing that threshold, the earning rate will be 1% for the remainder of the calendar year.

As of right now, there doesn’t seem to be any sort of language that would indicate this change is also coming to the Chase or Synchrony Amazon cards.

Final Thoughts

Well, lets talk about the obvious, $120,000 is a ton of money for the average person to spend within a single year. However, for a business, $120,000 can easily be spent within a month or two. Limiting the extra rewards to $120,000 means that at most, businesses will be able to earn a total of 600,000 points per year (not including any additional spend after).

If I had to take a guess, there were a ton of businesses out there that could easily have surpassed the $120,000 threshold, and Amazon and American Express were tired of having to payout such a large amount of points every single year. It’s even possible there were a ton of AWS businesses that could easily rack up millions of points every single year. It’s hard to make money when you’re offering 5% on that many points!

I could see that they don’t expect the average person to spend $120,000, which may explain why the Chase and Synchrony cards do not have this hard limit in place, at least not yet.  We’ll have to wait and see if they do implement that.

Do you have an Amazon business where this change negatively impacts you? Let us know down in the comment section below!

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