Amazon Said to Be Eyeing Small Business Credit Card Offering

Depending on what your small business does, you may view Amazon as a friend or a foe. For those in retail who don’t sell their own products, Amazon’s low prices and fast shipping could easily pose a threat. Meanwhile, companies that manufacturer their own goods or even hawk used items may find the giant to be a great sales outlet. Whatever the case may be, Amazon is now reportedly looking to be a destination for small business supply buyers and offer a new credit card.

According to Bloomberg, Amazon has been in discussions with JPMorgan Chase about creating a co-branded credit card for small business owners. The new card would supposedly take on a points structure that would reward business owners for their purchases. Moreover future offerings and perks might also be influenced by consumer purchase data. Additionally the site reports that Amazon is considering introducing other business products such as business insurance to customers down the line.

Rumors of a new small business-minded credit card come only a few months after Amazon introduce Business Prime accounts. These memberships are akin to their popular product for individuals but allow multiple people to place orders with fast, free shipping. Such plans start at $499 a year for up to 10 people. As a result, it’s clear that Amazon is hoping to take market share from companies like Staples, Grainger, and others.

Overall, Amazon making moves toward embracing and boosting small businesses seems like a smart strategy. Despite any animosity on the part of some business owners, there’s no doubt there are plenty of B2B benefits to be had on both sides. It’s also easy to imagine small business owner switching from suppliers like Staples that they may have accounts with to simply buying all of their items on Amazon — especially if they’re getting free shipping and reward point perks. Of course we’ll have to wait and see if the Amazon small business card becomes a reality and how it compares to other offerings like Chase Ink and Capital One Spark.


Jonathan Dyer

I'm a small town guy living in Los Angeles looking to make solid financial decisions. I write for a number of finance websites, including HuffingtonPost and Business2Community. I founded in 2015 to focus on personal finance and the emerging FinTech markets.

Other Articles by Jonathan Dyer

GGV Capital Unveils Inaugural Embedded FinTech 50 List

Today, an inaugural list of 50 startups were named the top FinTech innovators. This project was spearheaded by GGV, which has a long history of investing in major FinTech firms, having participated in funding rounds for the likes of Square, SoFi, Affirm, Karat, and many more. Additionally, the list was compiled with participation from top FinTech investors, such as Ribbit Capital, Sequoia Capital, Thrive, and others. In total, 57 VC...

Chase Aeroplan Card Unveils New 100K-Point Offer

With the summer travel season just around the corner, Chase and Air Canada have rolled out a new offer for their cobranded Aeroplan card. What's more, the card has added a new feature that gives cardholders another point redemption path. As we've seen from other issuers in recent years, the latest Chase Aeroplan welcome bonus is a tiered offer. First, new cardholders who spend at least $4,000 on their card...

FedEx Announces Launch of 2023 Small Business Grant Contest

Attention small business owners: FedEx has announced the launch of its 11th annual Small Business Grant Content. This year's promotion will officially kick off on January 31st, with the entry period lasting until February 21st. As part of the contest, more than $330,000 will be granted to small business, including $30,000 going to 10 grand prize-winning businesses. After the entry deadline has closed, 100 finalists will be selected and revealed...