Mar. 31 at 2:23 PM
$AMZN to launch new Prime Business & Amazon Business credit cards this spring, targeting small business customers.
The cards will now be issued by
$USB on the
$MA network
Amazon said current US Business & Business Prime card members may continue to use their
$AXP cards, but will receive additional communication from American Express & US Bank about the transition
Mastercard typically offers lower interchange fees for merchants compared to American Express, which may have allowed Amazon to negotiate more aggressive "cash back" percentages or better revenue-sharing terms with US Bank
The "Prime Business Card" will offer 5% back on Amazon purchases for Prime members, while the "Amazon Business Card" offers 3% back for non-members