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Highnote and Fasten Launch Rewards Credit Card for Auto Payments
Slice of Finance Team
06 Feb
Key Highlights:
Highnote partners with Fasten Rewards to launch an innovative consumer credit card.
Earn rewards on auto-related expenses, including car payments, fuel, and dealership services.
Enhanced dealership loyalty with redeemable rewards for in-network services.
Branded digital and physical Visa® cards, accepted everywhere Visa is used.
Nationwide launch in 2025 for consumers and auto dealerships.
Source: Business Wire
Notable Quotes:
“As consumer expectations change, we saw a need for a product that makes earning rewards on auto payments easy while driving loyalty to dealerships.”
“Our platform is built to help companies like Fasten deliver custom card solutions that unlock new revenue opportunities and deepen customer relationships.”
Why This Matters:
With Americans spending over $1.62 trillion on auto loans, Fasten’s new credit card offers a unique way to earn rewards on essential car expenses while strengthening dealership-customer relationships. By integrating customized credit underwriting, servicing, and rewards, Highnote empowers Fasten to boost consumer engagement and dealership retention in an increasingly competitive auto industry. Launching in 2025, this initiative could redefine how drivers interact with their dealerships and manage their car-related finances.