Hypercard launches Consumer Credit Card on the American Express Network
Hypercard, a new FinTech dedicated to payment innovation, is set to launch its first consumer credit card on the American Express network. This innovative credit card will be available for personal use and will seamlessly integrate the perks provided by employers with leading credit card benefits, exclusive dining experiences, and lifestyle rewards. Additionally, it will simplify the process of submitting expense reimbursements for employees.
Founders and Vision
The brainchild of Marc Baghadjian and Nikolas Ioannou, Hypercard is driven by a design-first, entrepreneurial mindset. Marc Baghadjian, the CEO of Hypercard, emphasizes the importance of employees leveraging their work perks efficiently. He believes that many employees miss out on valuable benefits such as gym memberships and meal stipends simply because they are unaware of these perks or find them inconvenient to use. The new Hypercard consumer credit card aims to bridge this gap by providing a seamless experience for employees to utilize their company benefits alongside a range of other rewards.
Strategic Partnerships
Hypercard has entered into an agreement to issue cards on the American Express network in the U.S. The program management responsibilities will be handled by Deserve, while Celtic Bank has been appointed as the official card issuer. Notable personalities backing Hypercard include Sam Altman, Gene Lockhart, Mark Randolph, Tom Lee, and others, positioning the company as a promising entrant in the payments market.
Cardmember Benefits
Cardmembers can look forward to a host of integrated perks from their employers, in addition to a range of rewards and benefits that the Hypercard consumer credit card will offer. This strategic collaboration between Hypercard and American Express signifies a significant step towards enhancing the overall user experience and maximizing the value proposition for cardmembers.
