Amazon to offer own brand credit card for Prime members

Amazon is seeking to coax its Prime members into splurging more cash with the introduction of its own brand credit card offering 5% cashback on all Amazon purchases, 2% cashback at selected restaurants, petrol stations and chemists and 1% cashback on all other purchases.
Issued by JP Morgan Chase, the Visa cards represent a significant boost to the 3% cashback offered by the current iteration of cards and come with the added perk of no annual fee and no foreign transaction levy – although