What happened
American Express and Fanatics announced a partnership that includes Fanatics becoming a new transfer partner for Amex Membership Rewards. Eligible U.S. consumer and business cardmembers will be able to transfer points into FanCash, Fanatics' rewards currency, which can be redeemed for sports apparel, trading cards, collectibles, and exclusive experiences. The transfer partnership is slated to launch within the next year, though the specific transfer ratio has not yet been revealed. Additionally, the companies announced plans to launch the new Fanatics American Express Card later this year. Issued by First Electronic Bank and managed by Imprint, the card will offer FanCash earning, elevated status in the Fanatics ONE loyalty program, and access to Amex offers and benefits. Key details like annual fee and earning rates are pending