Amazon Explores Replacing JPMorgan in Credit-Card Partnership

Bloomberg2021-06-09

(Bloomberg) -- Amazon.com Inc. is fielding bids to replace JPMorgan Chase & Co. as the issuer on its popular co-brand credit card, according to people familiar with the matter. American Express Co. ...

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Comments

JoelSeah
2021-06-09
JoelSeah
Go with amex
- tearach:
  comment
ONGTS
2021-06-09
ONGTS
good
keaty
2021-06-09
keaty
Brilliant idea and make more sense
Duckymono
2021-06-09
Duckymono
?

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Explores Replacing JPMorgan in Credit-Card Partnership\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/amazon-explores-replacing-jpmorgan-in-credit-card-partnership><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Amazon.com Inc. is fielding bids to replace JPMorgan Chase & Co. as the issuer on its popular co-brand credit card, according to people familiar with the matter.\nAmerican Express Co. ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/amazon-explores-replacing-jpmorgan-in-credit-card-partnership\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03086","symbol_name":"华夏纳指","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/amazon-explores-replacing-jpmorgan-in-credit-card-partnership","article_id":"2142964252","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2142964252","pubTimestamp":1623203293,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"(Bloomberg) -- Amazon.com Inc. is fielding bids to replace JPMorgan Chase & Co. as the issuer on its","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"03086":"华夏纳指","V":"Visa","SYF":"Synchrony Financial","AMZN":"亚马逊","09086":"华夏纳指-U","JPM":"摩根大通","AXP":"美国运通"},"translate_title":"亚马逊探索在信用卡合作中取代摩根大通","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03086":0.9,"09086":0.9,"AMZN":0.9,"AXP":0.9,"JPM":0.9,"SYF":0.9,"V":0.9},"content_text":"(Bloomberg) -- Amazon.com Inc. is fielding bids to replace JPMorgan Chase & Co. as the issuer on its popular co-brand credit card, according to people familiar with the matter.\nAmerican Express Co. and Synchrony Financial are among those bidding on the portfolio, according to the people, who asked not to be identified discussing the negotiations. Representatives for the lenders declined to comment, while a spokesperson for Amazon didn’t have immediate comment when reached by email on Tuesday.\nJPMorgan is willing to part with the Amazon portfolio, according to some of the people familiar with the matter. Banks in recent years have loaded up their cards with rich perks, making it harder for lenders to turn a profit, especially in the world of co-brand cards where revenue is often shared with the merchant partner.\nJPMorgan’s current Amazon card comes with a lucrative set of rewards, including offering the e-commerce giant’s Prime members 5% cash back on purchases made on its site and at its subsidiary Whole Foods Market. That’s helped it become the fastest-growing portfolio among the top 10 co-brand card programs in the U.S., according to a 2019 study by Packaged Facts.\nJPMorgan could fetch a 15% premium on the portfolio, which contains more than $15 billion in loans, said some of the people familiar with the matter. 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The firm has also long partnered with Synchrony on its private-label card and the two debuted a secured card together in 2019.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":180281163,"gmtCreate":1623206089852,"gmtModify":1704198341264,"author":{"id":"3585452666972742","authorId":"3585452666972742","authorIdStr":"3585452666972742","name":"JoelSeah","avatar":"https://static.tigerbbs.com/7209ed7c109a0f0d11e650747fe83336","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3585452666972742"},"htmlText":"Go with amex","listText":"Go with amex","text":"Go with amex","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/180281163","repostId":2142964252,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4643572,"gmtCreate":1623206524363,"gmtModify":1663228253642,"authorId":3575256032463698,"author":{"id":3575256032463698,"authorId":3575256032463698,"name":"tearach","avatar":"https://static.tigerbbs.com/861adeae93387d8335f9550889bafb00","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":180281163,"type":1,"supId":0,"prevId":0,"content":"<u>comment</u>","text":"<u>comment</u>","html":"<u>comment</u>"}],"langContent":"EN"},{"id":180235969,"gmtCreate":1623205367251,"gmtModify":1704198317607,"author":{"id":"3586258149336307","authorId":"3586258149336307","authorIdStr":"3586258149336307","name":"ONGTS","avatar":"https://static.tigerbbs.com/fd829dc637d1d23bab05737552bfa625","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586258149336307"},"htmlText":"good&nbsp;","listText":"good&nbsp;","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180235969","repostId":2142964252,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":180295045,"gmtCreate":1623204884887,"gmtModify":1704198303537,"author":{"id":"3578631759891221","authorId":"3578631759891221","authorIdStr":"3578631759891221","name":"keaty","avatar":"https://static.tigerbbs.com/bcf9d00e41b755619a4b4c3eb6f05541","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578631759891221"},"htmlText":"Brilliant idea and make more sense","listText":"Brilliant idea and make more sense","text":"Brilliant idea and make more sense","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180295045","repostId":2142964252,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":180670763,"gmtCreate":1623203638452,"gmtModify":1704198268138,"author":{"id":"3584485773852057","authorId":"3584485773852057","authorIdStr":"3584485773852057","name":"Duckymono","avatar":"https://static.tigerbbs.com/cb06f5e29335d6c9f0347712a7453e2c","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3584485773852057"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180670763","repostId":2142964252,"repostType":4,"repost":{"id":"2142964252","pubTimestamp":1623203293,"share":"https://ttm.financial/m/news/2142964252?lang=&edition=fundamental","pubTime":"2021-06-09 09:48","market":"us","language":"en","title":"Amazon Explores Replacing JPMorgan in Credit-Card Partnership","url":"https://stock-news.laohu8.com/highlight/detail?id=2142964252","media":"Bloomberg","summary":"(Bloomberg) -- Amazon.com Inc. is fielding bids to replace JPMorgan Chase & Co. as the issuer on its","content":"<p>(Bloomberg) -- Amazon.com Inc. is fielding bids to replace JPMorgan Chase &amp; Co. as the issuer on its popular co-brand credit card, according to people familiar with the matter.</p>\n<p>American <a href=\"https://laohu8.com/S/EXPR\">Express</a> Co. and <a href=\"https://laohu8.com/S/SYF\">Synchrony Financial</a> are among those bidding on the portfolio, according to the people, who asked not to be identified discussing the negotiations. Representatives for the lenders declined to comment, while a spokesperson for Amazon didn’t have immediate comment when reached by email on Tuesday.</p>\n<p>JPMorgan is willing to part with the Amazon portfolio, according to some of the people familiar with the matter. Banks in recent years have loaded up their cards with rich perks, making it harder for lenders to turn a profit, especially in the world of co-brand cards where revenue is often shared with the merchant partner.</p>\n<p>JPMorgan’s current Amazon card comes with a lucrative set of rewards, including offering the e-commerce giant’s Prime members 5% cash back on purchases made on its site and at its subsidiary Whole Foods Market. That’s helped it become the fastest-growing portfolio among the top 10 co-brand card programs in the U.S., according to a 2019 study by Packaged Facts.</p>\n<p>JPMorgan could fetch a 15% premium on the portfolio, which contains more than $15 billion in loans, said some of the people familiar with the matter. Cardholders spend more than $50 billion a year on the card, according to the Packaged Facts study.</p>\n<p>Amazon and JPMorgan first issued a card together in 2002 and their offerings have long operated on the <a href=\"https://laohu8.com/S/V\">Visa</a> Inc. network.</p>\n<p>It wouldn’t be the first time Amazon worked with other credit-card issuers. The retailer already offers a card with AmEx that’s targeted at small-business owners. The firm has also long partnered with Synchrony on its private-label card and the two debuted a secured card together in 2019.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Explores Replacing JPMorgan in Credit-Card Partnership</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Explores Replacing JPMorgan in Credit-Card Partnership\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-08/amazon-explores-replacing-jpmorgan-in-credit-card-partnership><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Amazon.com Inc. is fielding bids to replace JPMorgan Chase & Co. as the issuer on its popular co-brand credit card, according to people familiar with the matter.\nAmerican Express Co. ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-08/amazon-explores-replacing-jpmorgan-in-credit-card-partnership\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","09086":"华夏纳指-U","JPM":"摩根大通","AXP":"美国运通","V":"Visa","AMZN":"亚马逊","SYF":"Synchrony Financial"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-08/amazon-explores-replacing-jpmorgan-in-credit-card-partnership","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142964252","content_text":"(Bloomberg) -- Amazon.com Inc. is fielding bids to replace JPMorgan Chase & Co. as the issuer on its popular co-brand credit card, according to people familiar with the matter.\nAmerican Express Co. and Synchrony Financial are among those bidding on the portfolio, according to the people, who asked not to be identified discussing the negotiations. Representatives for the lenders declined to comment, while a spokesperson for Amazon didn’t have immediate comment when reached by email on Tuesday.\nJPMorgan is willing to part with the Amazon portfolio, according to some of the people familiar with the matter. Banks in recent years have loaded up their cards with rich perks, making it harder for lenders to turn a profit, especially in the world of co-brand cards where revenue is often shared with the merchant partner.\nJPMorgan’s current Amazon card comes with a lucrative set of rewards, including offering the e-commerce giant’s Prime members 5% cash back on purchases made on its site and at its subsidiary Whole Foods Market. That’s helped it become the fastest-growing portfolio among the top 10 co-brand card programs in the U.S., according to a 2019 study by Packaged Facts.\nJPMorgan could fetch a 15% premium on the portfolio, which contains more than $15 billion in loans, said some of the people familiar with the matter. Cardholders spend more than $50 billion a year on the card, according to the Packaged Facts study.\nAmazon and JPMorgan first issued a card together in 2002 and their offerings have long operated on the Visa Inc. network.\nIt wouldn’t be the first time Amazon worked with other credit-card issuers. The retailer already offers a card with AmEx that’s targeted at small-business owners. The firm has also long partnered with Synchrony on its private-label card and the two debuted a secured card together in 2019.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":31,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2142964252"}