Hypercard Expands Consumer Financial Options with Launch of Credit Card on American Express Platform

Introduction

The new financial technology company Hypercard, committed to introducing innovative solutions in the payments industry, will introduce its first consumer credit card on the American Express network. This card will be available for businesses to provide to their employees. Personal usage will be permitted with the new credit card, which will combine the benefits offered by employers with those offered by prominent credit card companies and exclusive points for dining and lifestyle prizes. In addition, the card will make it simpler for employees to file reimbursement requests for personal expenses. These two individuals, Marc Baghadjian and Nikolas Ioannou, are the founders of Hypercard. They are driven by an entrepreneurial ethos that prioritizes design.

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Hypercard reached a contract to issue cards on the American Express network in the United States, and Deserve will serve as the responsible party for managing the program. Celtic Bank is the official issuer of the card. Several prominent individuals, including Open AI CEO Sam Altman, former Mastercard CEO Gene Lockhart, Netflix Co-founder Mark Randolph, One Medical Founder Tom Lee, and others, have provided financial support to Hypercard, which is a new player in the payments business.

Cardmembers will be able to take advantage of integrated perks from their employers along with the following rewards and perks:

Lifestyle perks, such as complimentary Priority Pass Lounge Membership and TSA PreCheck®
Wellness perks, such as statement credits for BetterHelp and ClassPass
Travel perks, such as statement credits for purchases of Blade’s Airport Pass and Wander bookings

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Industry Comments

“Fintechs like Hypercard are tapping into the American Express network as an innovation hub,” said William Stredwick, Senior Vice President and General Manager, Global Network Services North America, American Express. “We look forward to giving Hypercard’s customers access to benefits like Amex Offers and the security of our global payments network.”

“Employees can miss out on incredible work perks – gym memberships, meal stipends, transportation reimbursement – simply because they are unaware of these benefits or they are inconvenient to use,” says Marc Baghadjian, CEO of Hypercard. “Employees will have the option to get a personal credit card from their employer that makes it easy to use their company benefits, with a slew of other rewards layered into the card.”

Altman stated, “Marc and Niko embody the spirit, drive, and creativity of incredible founders, and I’m thrilled to back them as they work on a new tool to support amazing employee talent. Hypercard’s clever fusion of employee benefits and a consumer credit card allows companies to bring their employees tangible benefits which may help increase retention.”

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FAQ

1. What is Hypercard, and what does it offer?
Hypercard is a new fintech company that has developed a consumer credit card combining employee benefits with exclusive rewards. It’s designed to make it easier for employees to use company perks and offers added rewards for dining, lifestyle, wellness, and travel.

2. What network is the Hypercard credit card issued on?
Hypercard’s consumer credit card is issued on the American Express network in the United States.

3. Who will manage and issue the card?
Deserve will manage the program, and Celtic Bank will serve as the official issuer of the card.

4. What are the key benefits of the Hypercard credit card?
The card offers a variety of perks, including:

Lifestyle perks like Priority Pass Lounge Membership and TSA PreCheck®
Wellness perks such as BetterHelp and ClassPass credits
Travel perks like Blade’s Airport Pass and Wander booking credits
Company-specific benefits integrated into the card

5. How does this card help employees?
Employees can use the card to access their company benefits easily and earn rewards for personal expenses like dining and travel. It also simplifies the reimbursement process for personal expenses.

6. Who are the financial backers of Hypercard?
Prominent backers include OpenAI CEO Sam Altman, former Mastercard CEO Gene Lockhart, Netflix Co-founder Mark Randolph, One Medical Founder Tom Lee, and others.

7. Why is this card a unique offering?
The card uniquely blends personal credit card rewards with employer-sponsored benefits, offering employees an easy and convenient way to enjoy both.

8. How do fintech companies like Hypercard benefit from working with American Express?
Hypercard’s partnership with American Express provides its customers access to Amex Offers and the security of a global payments network, enhancing its value proposition for users.

Conclusion

Hypercard is innovating the payments space with its new consumer credit card that combines traditional financial benefits with employer-specific perks. By partnering with American Express and offering a range of rewards from wellness to travel, the card simplifies access to both personal and work-related benefits. This integration helps employees get more out of their company benefits while earning additional rewards, making it a compelling option for businesses looking to enhance employee satisfaction and retention. With the backing of key industry figures and a strong fintech foundation, Hypercard is poised to make a significant impact on the payments industry.