Hey there,
Thought I'd pitch in seeing how no one else has responded to this.
Without seeing the full terms (or knowing anything about their programme), I'm going to guess that they don't want you to bid on anything that they might be bidding on themselves.
Even though you've seen other sites bidding on keywords like 'Amazon Deals' or similar, they might have agreed separate terms with Amazon that are completely different to yours and that allow them to do that.
If you are still unsure, ask for a list of terms that are off limits to you. Most merchants would have one for just such an inquiry. They should be able to send you more information and give you a better idea of what you can do.
If their account managers are any good, they should appreciate that you've asked for clarification and that you are paying close attention to their programme terms.
Hope that helps and good luck with the new business...
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