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Amazon Debuts No-Fee AmEx Card to Lure Small-Business Spending
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Amazon.com Inc. and American Express Co. are upping the ante in their bid for small-business spending.
The two companies unveiled a new co-branded card for small businesses on Tuesday. Cardholders with an Amazon Prime membership will be able to choose between an interest-free loan for 90 days or 5 percent back on purchases made at Amazon.com, Amazon Business, Amazon Web Services and Whole Foods Market, the companies said in a statement. The no-fee metal card will also offer 2 percent back on purchases at U.S. restaurants and gas stations and on mobile-phone services.