AmEx will issue credit card for Amazon small business customers


American Express Co. won the right to issue a new credit card for Amazon.com’s small-business customers, the latest win in a string of co-brand deals for the lender.

Amazon will also provide line-item detail on transactions AmEx corporate and purchasing-card customers make on the retailer’s website, giving shoppers more data to control their business purchases, New York-based AmEx said Tuesday in a statement.

AmEx has been spending more to ink card deals after parting ways in 2016 with Costco Wholesale Corp., which was its largest co-brand partner at the time. Last year, AmEx won dual-issuing rights with JPMorgan Chase & Co. for Marriott International Inc.’s suite of cards and the exclusive ability to issue credit cards for Hilton Worldwide Holdings Inc. AmEx has said renewing those two deals will crimp earnings by more than $200 million this year.

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