Small Businesses Can Soon Enjoy New Rewards With the Prime Business and Amazon Business Credit Cards

Amazon (AMZN) announced a new Prime Business Card and a new Amazon Business Card, coming this spring, offering U.S. customers more ways than ever to save along with a suite of new features designed for small business customers. The cards will be issued by U.S. Bank (USB) as part of the Mastercard (MA) network.

Read More on Fintech : Global Fintech Interview with Baran Ozkan, co-founder & CEO of Flagright

Customers can choose between two options: the Prime Business Card, offering Prime members 5% back on Amazon purchases, or the Amazon Business Card, offering 3% back for customers without a Prime membership*. Both versions of the card offer more rewards when shopping off-Amazon, flexible credit terms, and no annual fees. More details about the exciting new benefits will be announced in the coming months.

“Convenient, rewarding payment options start with listening to the customer,” said Tai Koottatep, director and general manager of Worldwide B2B Payments & Lending at Amazon. “Small businesses told us they wanted more ways to earn rewards wherever they shop and better tools to manage cash flow. We partnered with U.S. Bank and Mastercard to build a card program that delivers exactly that.”

For Amazon Business customers, the new Prime Business Card and Amazon Business Card work seamlessly with purchasing and spend management tools to streamline buying, make smarter purchasing decisions, and unlock cost savings. Amazon Business brings what people love about Amazon—millions of products, low prices, and convenient delivery options—to small businesses looking for the same simplicity in their business buying.

“We’re incredibly proud of our reputation as a top bank for small business owners,” said Courtney Kelso, senior executive vice president, Payments: Consumer and Small Business at U.S. Bank. “We are excited to partner with Amazon and Mastercard to empower small businesses with meaningful rewards and easy-to-use tools to manage spending, and, in the near future offering these small businesses more value with additional U.S. Bank services.”

U.S. Bank is one of the largest card issuers in the United States, and a leading financial services provider to small businesses. It serves more than 1.4 million small business clients with a comprehensive and integrated suite of banking, payments and digital solutions backed by support from experienced bankers.

“Small businesses continue to be incredibly resilient—modernizing how they operate and navigating constant change,” said Eimear Creaven, president, Global Partnerships, Mastercard. “That is what makes this collaboration with Amazon and U.S. Bank so compelling. Together, we are bringing more value, security and simplicity to the tools small businesses rely on every day, helping them operate and grow with greater confidence.”

Mastercard creates small business products that reflect how entrepreneurs operate today—balancing cash flow, managing risk and investing for growth. By combining global acceptance at hundreds of millions of locations, strong security and data-driven insights, Mastercard supports small businesses as they modernize, compete, and contribute to the communities they serve.