Amazon's credit options allow businesses to purchase items and pay for them later, often earning rewards along the way. But there are a few alternatives to Amazon's credit offerings that you may want to consider:
Business credit cards
Amazon's credit cards offer some excellent perks for businesses that want cashback on their purchases and spend a lot of money on Amazon. But there are so many business credit cards on the market; we'd be remiss if we didn't mention some of the other options available.
Choosing a business credit card other than Amazon's allows you to earn the same great perks and sometimes even better perks. The difference is that while Amazon only allows you to use your cashback for Amazon purchases, other business cards allow you to use your perks for many other purposes.
For example, the Capital One Spark Cash business credit card gives you 2% cashback on all of your purchases. You can use the rewards to pay down your balance or simply cash them out.
Business lines of credit
Rather than choosing Amazon's credit lines, you could instead choose a credit line from a different financial institution. First, other lines of credit give you the option of spending your money however you'd like, while Amazon's lines of credit only allow you to spend your money at Amazon. Another benefit of outside lines of credit is that you can often have a longer period to pay them back, while Amazon's credit lines must be paid back on a term of anywhere from 30-60 days.
For example, BlueVine offers business lines of credit for amounts of anywhere from $5,000 to $250,000. You can pay back your balance with weekly or monthly payments over a period of 6-12 months. And unlike Amazon, there are no restrictions for where you can spend the money.