Breaking Points: Credit Card News

Two new Amazon Business cards are now accepting applications following the move from Amex to U.S. Bank. One card is for Prime members and one is for non-Prime members. The Prime version earns 5% back on up to $150,000 annually in eligible Amazon, Whole Foods, and U.S. Bank travel portal purchases, while the non-Prime version earns 3% back in those same categories. Both cards also earn 2% back in your top three eligible spending categories, up to $150,000 annually, and neither card carries an annual fee.

Welcome offers appear to be dynamic and vary by account. Some users are seeing $100-$250 back with little or no spending requirement, while others are targeted for offers as high as $750 back after $3,000 in spending. If you have an Amazon Prime account, you may want to click here to check your offer.

The Business Prime card was previously issued by Amex, and existing cardholders will begin transitioning to the new U.S. Bank version starting August 14, 2026.

If you have Rakuten set to earn Bilt points instead of cashback or Amex Membership Rewards points, be aware of a major change following the May 15, 2026 payout. Bilt Blue members will now receive only 50% of the normal Rakuten payout when earning Bilt points, while Silver, Gold, and Platinum members will continue receiving the full payout rate. You can still unlock Silver status by earning 50,000 Bilt points in a calendar year or spending $10,000 on eligible non-rent purchases. The Bilt Palladium card also includes complimentary Gold status during the welcome-offer year and the following calendar year. If you expect to remain a Blue member, we’d strongly consider switching your Rakuten earnings preference to Amex Membership Rewards points or cashback instead.

Citi ThankYou Rewards is offering a 30% transfer bonus to Preferred Hotels & Resorts I Prefer Hotel Rewards. The standard transfer ratio is 1:2, so with the bonus, you’ll receive 2,600 I Prefer Hotel Rewards points for every 1,000 Citi ThankYou Rewards points transferred. Offer expires June 13, 2026.

Citi ThankYou Rewards is offering a 25% transfer bonus to Wyndham Rewards. The standard transfer ratio is 1:1, so with the bonus, you’ll receive 1,250 Wyndham Rewards points for every 1,000 Citi ThankYou Rewards points transferred. Offer expires June 13, 2026.

Chase Ultimate Rewards is offering a 30% transfer bonus to Southwest Rapid Rewards. The standard transfer ratio is 1:1, so with the bonus, you’ll receive 1,300 Southwest Rapid Rewards points for every 1,000 Chase Ultimate Rewards points transferred. Offer expires June 5, 2026.