Amazon Business Line of Credit is a flexible and convenient financing option for small and mid-level businesses to grow and succeed on Amazon. With this line of credit, Amazon businesses can access funding to purchase inventory, increase marketing spending, or cover other business expenses.
Amazon lending is a program that offers short-term business loans to qualified sellers so that they can finance additional inventory to sell through the Amazon Marketplace. The range of these loans is from $1,000 to $1mm, but with BitX Funding’s inventory line of credit, you can take your business to higher highs like $10mm.
If you don’t know about Amazon lending or Amazon business credit card, you don’t need to worry because you are in the right place. BitX Funding is an established financial company that offers these loans and guides you to get this financing.
Benefits of Amazon Business Line of Credit
- Easy Access to Funding: With Amazon Business Line of Credit, you can access funds quickly and easily, with no hidden fees or charges.
- Flexible Repayment: You can repay the loan at your own pace, with no pre-payment penalties or hidden fees.
- No Collateral Required: Unlike traditional loans, Amazon Business Line of Credit does not require any collateral, making it easier for businesses to access funding.
- Worthwhile: With competitive interest rates, Amazon Business Line of Credit is a profitable financing option for businesses looking to grow.
- Built for Amazon Sellers: Amazon Business Line of Credit is specifically designed for Amazon sellers, making it easier for businesses to understand and use.
How to Apply for Amazon Business Line of Credit
- Create an Amazon Seller Account: To apply for an Amazon Business Line of Credit, you will need to have an Amazon Seller Account.
- Check Acceptability: You will need to provide information about your business, including your business name, business type, and tax identification number.
- Provide Financial Information: You will need to provide financial information, including your sales history and current financial statements, to help Amazon assess your credit.
- Apply for the Line of Credit: Once you have provided all the necessary information, you can submit your application for the Amazon Business Line of Credit.
Repaying Amazon Business Line of Credit
- Repayment Terms: The repayment terms for Amazon Business Line of Credit vary, depending on the amount you borrow and the length of the loan.
- Repayment Options: You can choose to repay the loan in full, or make partial payments over time.
- No Pre-payment Penalties: There are no pre-payment penalties for Amazon Business Line of Credit, so you can repay the loan at your own pace.
An Overview of Amazon’s Business Line of Credit
Are you searching for a business credit card? Do you use your Amazon credit card to make frequent purchases? If your answer is yes, the best thing is to investigate Amazon business credit cards if you think these are the best fit for your needs.
Amazon offers two business cards with rewards and great perks specifically designed for small business owners. However, these cards are co-branded with one of the biggest business credit card providers, such as American Express.
So, if you don’t know how this Amazon credit card works and if they are worth your business, we are here to help. BitX Funding has experts with decade-long experience that guide you about the loan that suits perfectly for your needs.
The Amazon business credit card review has various options, and each alternative explains what each card has to offer. So, let’s jump into it and explore more features of these credit cards and how they are helpful for your business.
The best cards that are available are:
- Amazon Business American Express card
- Amazon rewards visa signature card
- Amazon business prime American Express Card
- Amazon Prime rewards visa signature card
Amazon Business American Express Card
This credit card is available to any business owner with an Amazon account, even if they do not have an Amazon Prime account. Furthermore, you don’t have to be a member of the Amazon business to apply for this card. However, if you are a member of the Amazon business, you will have access to the enhanced data views available with the card.
On the other hand, if you are not a member of this Amazon business but apply for this card and are approved, you will have the option to take advantage of the Amazon business account. Thus, you will gain access to rewards rates of:
1% back on all other purchases
2% back on all the purchases
3% back on the first $120,000 in assets at Amazon business.
So, one of the top benefits of this Amazon business card is:
- Access to American Express Business apps
- Purchase protection
- Employee cards with purchase control
- Return protection
- Travel protection
Amazon Rewards Visa Signature Card
These cards are not designed for small business owners, but it is worth discussing what these cards have to offer to businesses. Like other business cards, this card is largely based on prime vs non-prime. With this Amazon business card, you will earn the following:
- 1% back on all the purchases
- 2% back at gas stations and restaurants
- 3% back at amazon.com
Furthermore, the best thing about this car is that it does not have any additional free, and once you have approved, you will receive a $50 Amazon gift card. It also includes other perks such as travel protection, assistance, warranty protection, and additional purchase protection.
Amazon Business Prime American Express Card
Another card is the Amazon business prime American Express card. The difference between the two Amazon small business credit cards is simple: one is for non-prime members, and the other is for premium members. This card is available to business owners with an excellent Amazon business account.
Moreover, this card does not have an annual fee. The major differences between these cards are that:
You will get a $125 Amazon gift card that will be added to your account as soon as you qualify for the Amazon business prime card.
You will earn 5% back on your first purchase of $120,000 yearly. 1% back after that and 3% rewards return that the non-prime Amazon business credit card offers.
The major benefits of this card are:
- Free delivery options
- Early access to all the deals
- Access to e-books
- Music streaming
Amazon Prime Reward Visa Signature Card
Another consumer Amazon credit card is the Amazon Prime reward visa signature card, which is only available to premium members. It is worth mentioning that American Express issue these cards to their consumers. With the help of these cards, you will earn the same rewards as the reward visa, but you will have the opportunity to earn back 5% on aamzon.com.
In addition to this, like an Amazon Prime business credit card, it is vital to keep in mind that this card has no annual fee. You will have to maintain your prime membership, which will cost $119 annually. The best thing is that you will get all the great benefits of being a premium member.
Why get an Amazon Business Credit Card?
Now, you may not know why you should get these business credit cards, so here are the following reasons:
- You want a simple reward structure
- you don’t want to pay the annual fee
- You want to redeem your awards with Amazon
- You want to access Amazon rewards and frequently spend with Amazon.
How to Choose the Right Amazon Business Credit Card?
It seems like this that Amazon business credit cards are well suited for positive businesses, and they often purchase from Amazon. This way, they can get great benefits from Amazon business credit card rewards.
In this case, you can choose the Amazon Prime business card over the regular business card. But it requires paying the annual fee, and this membership can easily compensate for this cost. With this thing in mind, the Amazon business card is the best option you should consider.
However, there is no advantage if you decide on a personal Amazon card for your business. But there is no doubt that these Amazon business credit cards are designed for business owners.
On the other hand, there are various reasons why we should continue to explore these business card options. If you don’t take advantage of the Amazon rewards, there is another credit card that will be well suited to your business.
The Bottom Line
Amazon Business Line of Credit is a flexible and convenient financing option for small and mid-level businesses looking to grow on Amazon. With competitive interest rates, easy access to funding, and no collateral required, it’s an ideal option for businesses looking for effective financing. If you are an Amazon seller, consider applying for an Amazon Business Line of Credit to help take your business to the next level.
Amazon is a unique financing option as far as small business loans go. It would be best to explore these options before choosing the one that is a perfect match for your business. But if you are confused and don’t know which option I right for you, you need the help of experts.
Therefore, BitX Funding is here to help as their inventory line of credit can take your business from a $1mm cap to $10mm overnight. We have experts in this field that guide you by examining your business situation.
We assure you that we will suggest the right loan options that are beneficial for you and a perfect fit for your business. The best thing is that you will get all our services at very competitive rates, so what are you waiting for? Give us a call at 203-763-1430 or apply and get funding now!
