Amazon.com Inc. officially announced on April 2, 2026, that it has selected U.S. Bancorp to serve as the new exclusive issuer for its small business credit card portfolio. The agreement terminates Amazon’s previous partnership with American Express and shifts the card network for its business products to Mastercard. This transition is part of a broader restructuring of Amazon’s financial services offerings aimed at small-to-medium-sized enterprises.
The partnership will introduce two new co-branded products scheduled for launch in the spring of 2026: the Amazon Business Rewards Mastercard and the Amazon Business Prime Rewards Mastercard. According to the company’s announcement, the Amazon Business Prime Rewards Mastercard will provide eligible Prime members with 5% back on purchases made at Amazon Business, Amazon.com, AWS, and Whole Foods Market. Alternatively, cardholders can opt for 90-day interest-free payment terms on these purchases. The standard Amazon Business Rewards Mastercard will offer 3% back or 60-day interest-free terms.
Both cards are designed to integrate with Amazon’s existing suite of business tools, including enhanced data for reconciliation and automated expense tracking. Amazon confirmed that the cards will carry no annual fee. US Bank, the fifth-largest commercial bank in the United States, will manage the underwriting, credit risk, and customer service for the new accounts, while Mastercard will provide the global payment infrastructure and merchant acceptance.
For current holders of the Amazon Business American Express Card, the transition will occur over the next several months. Amazon stated that existing accounts will remain active and fully functional until August 14, 2026. On that date, all remaining balances and account histories will be migrated to the new US Bank platform. Customers are expected to receive their new Mastercard-branded cards and updated account terms via mail starting in July 2026.
Small businesses are the backbone of the Amazon store, and we are committed to providing them with the best possible tools to manage their cash flow, said Todd Heimes, Vice President of Amazon Business. Andy Cecere, Chairman and CEO of U.S. Bank, noted that the partnership reflects the bank’s focus on digital innovation and its ability to scale financial solutions for large-scale corporate partners. Michael Miebach, CEO of Mastercard, added that the collaboration underscores the growing demand for specialized B2B payment solutions.
The move follows a competitive bidding process as Amazon sought to refresh its business lending and credit offerings. While American Express had served as the primary issuer since 2018, the shift to US Bank and Mastercard represents a significant change in Amazon’s financial ecosystem. The companies did not disclose the specific financial terms of the multi-year agreement. This development follows Amazon's strategy to diversify its financial partners and optimize the value proposition for its millions of business customers globally.