Amazon is reportedly planning to offer a new credit card tailored to the needs of small business owners

pulse

March 13, 2018 4:47 PM

Amazon is looking to woo small business owners with an attractive new credit card offering, Bloomberg reported on Monday.

Amazon is in talks with JPMorgan Chase to offer a co-branded credit card for small business owners, Bloomberg reports.
The credit cards would offer rewards points on purchases, and in the future, business insurance plans to small business owners, one unnamed source told Bloomberg.

Amazon is looking to woo small business owners with an attractive new credit card offering, Bloomberg reported on Monday

The card will reportedly provide reward points for purchases made on Amazon, and in the future, the possibility for Amazon to branch out and offer other business-related services to smaller companies, such as business insurance. One Bloomberg source said that Amazon could tap into customer transaction data to further customize perks attached to the card.

While Amazon already provides credit cards through its partnership with Synchrony Financial and JPMorgan, this will be the company's first reported foray into a credit card suited to the needs of small businesses.

Read the full story over at Bloomberg.

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