Cardless is teaming up with American Express to seamlessly launch digital-first credit cards backed by the benefits, offers, and security of the American Express network. The announcement will see Cardless shift to Amex from Mastercard, brining new benefits to credit cards from some of the country’s most celebrated brands.
Cardless and American Express Form Partnership
Cardless has had an impressive 2022 so far, with the recent launch of the LATAM Airlines Mastercard and World Elite Mastercard brining the digital-first credit card brand’s portfolio to eight credit cards. Now, Cardless is doubling down with a new partnership with American Express.
The agreement empowers some of the country’s most celebrated brands – including travel providers and retailers – to seamlessly launch digital-first cards leveraging the Cardless platform, backed by benefits, offers, and security of the American Express network. The company also received a significant investment from Amex Ventures, American Express’ strategic investment group.
Customers will enjoy unique rewards from their favorite brands and access some of American Express’ sought-after benefits, including Amex Offers (for shopping, travel, dining services, entertainment, etc.) and Global Dining Access by Resy, among others.
A More Personalized Experience
“American Express is recognized for having one of the largest and most active credit card networks in the world, with the most loyal cardholders,” said Michael Spelfogel, President and Co-Founder of Cardless in a press release. “We couldn’t be more excited to combine Cardless’ ability to launch cards seamlessly with the valuable benefits that consumers expect from the American Express network.”
Cardless credit cards offer several features designed for digital-native consumers via security and easy access. Potential applicants can quickly apply using their smartphones. A virtual card will be delivered to their mobile wallet seconds upon approval. The entire Cardless process operates through the fintech’s intuitive app, including synching the accountholder’s bank information for seamless payments and no-fuss account management.
“Cardless’ digital-first mission and customer-first mindset make our brands a strong match,” said William Stredwick, Senior Vice President and General Manager, Global Network Services North America, American Express. “Leading brands want to give their customers a more personalized experience and engage with them more deeply, and our relationship with Cardless makes that possible by offering their customers access to benefits and protections from American Express.”
Related Article: Barclays, Carnival Extend Credit Card Partnership