Amazon Launches New Prime Rewards Visa Card

Shares of Amazon.com were barely higher pre-market Wednesday after the online retailer said it launched a new Amazon Prime Rewards Visa Signature Card together with JPMorgan Chase & Co.’s (JPM) Chase unit.

The card offers existing Amazon Prime members 5% back on all Amazon.com purchases, no foreign transaction fees and certain Visa Signature benefits.

Cardmembers who are not eligible Prime members will also enjoy no foreign transaction fees and 3% back on all Amazon.com purchases, the company said.

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