U.S. Bank Replaces American Express for Amazon Small-Business Credit Cards

U.S. Bank has secured a major partnership to take over Amazon's small-business credit card portfolio from American Express, ending an eight-year relationship between the two companies. As part of this transition, U.S. Bank will collaborate with Mastercard to issue the new cards, which are scheduled to launch on August 14, 2026. The new credit cards will offer competitive rewards, including 5% cash back for Prime members and 3% for non-members on Amazon purchases, with no annual fees. Crucially, this change is limited to small business credit cards and does not affect Amazon's consumer credit card offerings. The strategic move aims to expand U.S. Bank's client base while providing small businesses with enhanced expense management tools. While the deal represents a substantial growth opportunity for U.S. Bank and Mastercard, it marks a notable loss for American Express in the co-branding space.