business news in context, analysis with attitude

• The Wall Street Journal reports that Amazon "is introducing a new card for Prime customers offering 5% back on all purchases. The card, issued by J.P. Morgan Chase & Co. and branded with the Visa Inc. logo, doesn’t have an annual fee or foreign-transaction fees ... The Amazon rewards are deposited as points in a customer’s account and can be redeemed for Amazon items. Customers can also choose to receive a credit against items purchased."

The story goes on to say that "the card represents the latest in many offers that are increasingly popular with consumers because they provide cash or discounts on future purchases."
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