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

·2 min read
Amazon Reportedly Fielding Credit Card Issuer Bids From American Express, Synchrony
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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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