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Well this one just came a bit out of left field. American Express just shared plans to launch a co-branded card with Amazon, specifically targeted at small businesses in the US.
Details are light, but we do know that this product will be a credit card, rather than a charge card, and that it “includes an enhanced data solution that gives businesses in the US greater insight into their purchasing activity.” This data solution actually already launched earlier this year, and it provides business owners with line-item detail on Amazon transactions when they use an Amex corporate card or corporate purchasing card.
Though a launch date has yet to be announced, once it’s on the market it’ll sit alongside the retailer’s existing consumer cards, the Amazon Prime Rewards Visa Signature Card and the Amazon Rewards Visa Signature Card.
While companies have traditionally partnered with just one issuer for their co-branded cards, there’s been more of a shift to splitting products between multiple issuers, instead. Most recently, Marriott surprised travelers by continuing its partnerships with both Amex and Chase — Amex manages the higher-end and small business products, while Chase has the new Marriott Rewards Premier Plus Credit Card.
It’s not yet clear what benefits and earning rate will be included with Amex’s upcoming Amazon card, though it’s possible that we could see a rewards structure similar to that of Chase’s consumer version, which offers:
- 5% cash back at Amazon.com and Whole Foods Market
- 2% back at restaurants, gas stations and drugstores
- 1% back on all other purchases
While this new small-business card could offer an even better return, we already have some pretty decent options when it comes to spending with the retail giant. For a detailed look into which offer the best bang for your buck, see The Best Cards to Use for Amazon Purchases.
Featured image courtesy of Julie Clopper / Getty Images
The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.
- Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
- Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
- 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
- 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
- Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
- Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
- $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
- Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
- $550 annual fee.
- Terms Apply.
- See Rates & Fees