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Fanatics and American Express launch card earning FanCash for bets

Deals & M&A1 min read

Fanatics announced a co-branded American Express card that earns FanCash, which users can redeem across the Fanatics platform, including for sports wagers. The card offers 5% FanCash on purchases through Fanatics consumer platforms, 8% on purchases through the Fanatics app and 2% on other spending; Fanatics is also joining Amex Membership Rewards as a transfer partner.

Fanatics announced an American Express credit card that earns FanCash, which can be redeemed for sports wagers and other purchases. US applicants can join a waiting list for the card, which has no annual fee.

The card offers 5% FanCash on purchases through Fanatics’ consumer-facing platforms, rising to 8% FanCash for those purchases made on its app. Users also earn 5% FanCash on sports event tickets and streaming services, with 2% on all other purchases. According to a statement, FanCash can be redeemed across the Fanatics platform for items and experiences including apparel, trading cards, collectibles, tickets and event access.

Fanatics is joining Amex Membership Rewards, allowing holders of various Amex cards to exchange points for FanCash. The exchange rate is $10 in FanCash per 1,000 points, according to the press release.

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