U.S. Bank wins Amazon small‑business card portfolio

Minneapolis‑based U.S. Bank is taking over Amazon’s small‑business credit‑card program from American Express and will run it on the Mastercard network, giving the Twin Cities banking giant a marquee national co‑branded portfolio. The deal covers widely used Amazon cards aimed at small businesses that buy through the e‑commerce platform, though financial terms and any transition dates weren’t disclosed in the previewed article. For Twin Cities residents, the move cements U.S. Bank’s role as a national player in small‑business lending and card services, with potential upside for jobs and influence at its downtown Minneapolis headquarters. It also means many local small firms that rely on Amazon for inventory and supplies may eventually see their existing AmEx‑branded cards migrated to a U.S. Bank/Mastercard product, changing who holds their receivables and who they deal with when something goes wrong. In a banking sector where consolidation often flows away from Minnesota, this is one of the rare big consumer‑facing wins flowing into a Minneapolis institution, not out of it.