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Amazon Reportedly Fielding Credit Card Issuer Bids From American Express, Synchrony

Eric Volkman, The Motley Fool
·2 min read
Amazon Reportedly Fielding Credit Card Issuer Bids From American Express, Synchrony

Two large and important credit card issuers, American Express (NYSE: AXP) and Synchrony Financial (NYSE: SYF), are apparently in the running to land one of the biggest co-branding deals on the scene: the Amazon (NASDAQ: AMZN) Visa-branded consumer credit card. According to a Bloomberg report that cited "people with knowledge of the matter," the retailer is fielding offers to become the card's new issuer. The card's current issuer is JPMorgan Chase (NYSE: JPM), which according to the article's sources is willing to relinquish its position.

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