Key Highlights
- Amazon concludes its eight-year small business credit card collaboration with American Express
- Spring launch features two cards: Prime members receive 5% cashback on Amazon purchases, non-Prime members earn 3%
- U.S. Bank serves as issuer through Mastercard’s payment network, with full transition scheduled for August 14
- Both offerings exclude annual fees while maintaining existing credit limits and interest rates for current cardholders
- Amazon Business division generated more than $35 billion in annualized gross sales across 8 million organizations worldwide
Amazon (AMZN) stock demonstrated upward momentum with a 3.64% gain at the time of publication.
The e-commerce giant has concluded its small business credit card collaboration with American Express following eight years of partnership, selecting U.S. Bank and Mastercard as strategic partners for two refreshed card products targeting business owners.
Tuesday’s press release detailed the announcement. The complete shift from Amex to U.S. Bank reaches completion on August 14.
Prime Business Card holders who maintain Prime membership will receive 5% cashback on Amazon transactions. The Amazon Business Card, designed for customers without Prime membership, delivers 3% cashback on Amazon spending.
Reward earning extends beyond Amazon purchases as well. Once cardholders reach $150,000 in combined annual net purchases, they accumulate 1% back across additional reward categories.
Annual fees remain absent from both card products. Current cardholders retain their established credit limits and interest rates during the transition period.
“Small businesses communicated their desire for expanded reward earning opportunities across all shopping destinations along with enhanced cash flow management capabilities,” stated Tai Koottatep, Amazon’s director and general manager of Worldwide B2B Payments & Lending.
Business customers will access spend management capabilities through the cards. Amazon indicated additional benefits await announcement in upcoming months.
The U.S. Bank Selection
U.S. Bank, headquartered in Minneapolis and operating under U.S. Bancorp, maintains relationships with approximately 1.4 million small business clients. The institution ranks among America’s top card issuers.
Courtney Kelso, serving as U.S. Bank’s senior executive vice president of payments, revealed plans to extend additional U.S. Bank services to Amazon’s small business customer base going forward—representing a cross-selling strategy the financial institution actively pursues.
Mastercard’s global payment infrastructure provides card acceptance across hundreds of millions of merchant locations internationally.
American Express acknowledged the evolving partnership dynamic while emphasizing that Amazon “continues as a valued partner.”
Amazon Business Performance Metrics
Amazon Business commenced U.S. operations in 2015 and currently functions across 11 nations, spanning the UK, Germany, Japan, and India.
The business segment recorded more than $35 billion in annualized gross sales while supporting over 8 million organizations on a global scale.
Amazon’s aggregate revenue across the trailing twelve months reached $716.9 billion, representing a 12.4% year-over-year increase.
Regarding valuation metrics, Amazon maintains a P/E ratio of 27.94 and appears potentially undervalued according to InvestingPro analysis.
Wall Street price targets span from $245 (Wolfe Research, Outperform rating) to $315 (Tigress Financial Partners, Buy rating). JPMorgan established a $280 target, citing robust AWS demand patterns.
Amazon recently finalized an agreement with Delta Air Lines to deliver in-flight Wi-Fi connectivity through its Project Kuiper satellite infrastructure on 500 aircraft beginning in 2028.
