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JPMorgan Pressures AmEx With Richer-Reward Business Card

  • Card for small businesses coming this year with bonus points
  • ‘We want to be aggressive’ in card market, bank executive says
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Pedestrians walk past a JPMorgan Chase & Co. bank branch in New York, U.S., on Friday, Oct. 7, 2016. JPMorgan Chase & Co. is scheduled to release earnings figures on October 14.

Photographer: Mark Kauzlarich/Bloomberg
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JPMorgan Chase & Co. is continuing its push to snag wealthier credit-card users and gain market share by introducing a top-tier small-business card with richer rewards than products from rivals.

Called Chase Ink Business Preferred, the card offers users an 80,000-point signing bonus when it rolls out later this year, according to Pam Codispoti, president of branded cards for the New York-based bank. Business owners earn 3 points a dollar for the first $150,000 spent on travel, telecommunications, shipping and advertising on social-media and search engines. Purchases after that limit or in other categories earn 1 point per dollar.