Amazon renews credit card deal with JPMorgan
Reuters
February 5, 2016, 6:57 am
Employees of Amazon India are seen behind a glass bearing the company's logo inside its office in Bengaluru, India, August 14, 2015. REUTERS/Abhishek N. Chinnappa
(Reuters) - Amazon.com Inc, the world's No. 1 online retailer, has renewed its long-running credit card relationship with JPMorgan Chase & Co, a spokesman for Amazon said on Thursday.
The Amazon Chase credit card, which runs on Visa Inc's payment network service, provides shoppers on Amazon.com with instant savings of 3 percent, amongst other benefits.
The Amazon spokesman declined to elaborate on details of the renewed relationship with JPMorgan.
At least one other card issuer was also interested in a tie-up with Amazon for payment cards, the Wall Street Journal reported earlier in the day, citing people familiar with the matter. (http://on.wsj.com/1X6lBmP)
A JPMorgan spokeswoman declined to comment.
(Reporting by Subrat Patnaik in Bengaluru and David Henry in New York; Editing by Kirti Pandey and Robin Paxton)
