WILMINGTON, Del. - June 23, 2011 - Today, Chase Card Services, a division of JPMorgan Chase & Co. [NYSE: JPM], and Amazon.com, Inc. [NASDAQ: AMZN] launched a feature on the Amazon.com Rewards Visa® Card that provides cardmembers the opportunity to use rewards points to pay on Amazon.com. Cardmembers may now use Amazon Shop with Points to redeem rewards points at checkout. Each point cardmembers earn can be redeemed for one cent, meaning 100 points can be redeemed for one dollar.
"Amazon.com cardmembers have enjoyed combining a great rewards program with the convenience, selection, and value of Amazon," said Chris Conrad, general manager at Chase Card Services. "This new feature delivers terrific value with fast and easy access to rewards points instantly redeemable for millions of items on Amazon.com."
The Amazon.com Rewards Card from Chase offers an exceptional value on Amazon.com and has no annual fee. Cardmembers can earn points for everyday purchases made with the Card, including:
Three points for every $1 spent on Amazon.com purchases means cardmembers earn and redeem points quickly. For example, cardmembers who spend $1,500 on Amazon.com using the Card earn 4,500 points, which can be used towards $45 in purchases. As a result, after their next billing statement, cardmembers can use Shop with Points to instantly redeem that $45 towards items they purchase at checkout. It's 3 percent in cash back.
With the new Amazon Shop with Points feature, cardmembers may also combine any amount of points with their Amazon.com Visa card, Amazon.com Gift Cards, or Amazon Payments account balance to pay for their purchases - as many or as few as they want. There is no minimum and no specified amount of points to use.
"Amazon Shop with Points is a great enhancement to the Amazon.com Rewards Visa Card," said Matt Swann, vice president of Global Payments, Amazon.com. "Amazon's broad selection of low priced products and the convenience of paying with Amazon Reward points provide our cardmembers with an exceptional shopping experience."
There is no expiration date on points and no cap on the number of points earned. For more information on the Amazon.com Rewards Visa Card from Chase or to apply for a new Card, visit www.chase.com/amazon or call 888-247-4080. For more information about Amazon Shop with Points, visit www.amazon.com/rewardscard.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. Chase serves consumers and small businesses through 5,200 bank branches, 16,200 ATMs, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships and schools and universities. Chase also has issued more than 90 million credit cards. More information about Chase is available at www.chase.com.
Amazon.com, Inc. (NASDAQ: AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc. seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of unique new, refurbished and used items in categories such as Books; Movies, Music & Games; Digital Downloads; Electronics & Computers; Home & Garden; Toys, Kids & Baby; Grocery; Apparel, Shoes & Jewelry; Health & Beauty; Sports & Outdoors; and Tools, Auto & Industrial. Amazon Web Services provides Amazon's developer customers with access to in-the-cloud infrastructure services based on Amazon's own back-end technology platform, which developers can use to enable virtually any type of business. Kindle, Kindle 3G, Kindle with Special Offers, Kindle 3G with Special Offers and Kindle DX are the revolutionary portable readers that wirelessly download books, magazines, newspapers, blogs and personal documents to a crisp, high-resolution electronic ink display that looks and reads like real paper. Kindle 3G, Kindle 3G with Special Offers and Kindle DX utilize the same 3G wireless technology as advanced cell phones, so users never need to hunt for a Wi-Fi hotspot. Kindle is the #1 bestselling product across the millions of items sold on Amazon.
Amazon and its affiliates operate websites, including www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.co.jp, www.amazon.fr, www.amazon.ca, www.amazon.cn, and www.amazon.it. As used herein, "Amazon.com," "we," "our" and similar terms include Amazon.com, Inc., and its subsidiaries, unless the context indicates otherwise.
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.