Highnote simplifies the complexity of launching and operating a credit program by integrating all aspects into a single unified solution

Highnote, a leader in modern card platform management, announced the launch of a new consumer credit card program with Fasten Rewards. Leveraging Highnote’s customizable platform, Fasten aims to strengthen the relationship between drivers and dealerships by providing access to an innovative credit card which rewards consumers for auto loan or lease payments while increasing dealership loyalty, engagement, and sales velocity.

Highnote’s consumer revolving credit platform was purpose built to make the complexity of operating a revolving credit program more simple. Working closely with Fasten, Highnote created a product tailored to the needs of car owners and dealerships. Fasten’s innovative new consumer credit card product is powered by Highnote’s white-labeled API, which supports key operations for Fasten, such as:

• Credit Underwriting: Highnote pulls credit reports and applies the Fasten credit policies.
• Credit Bureau Reporting: Highnote manages data exchanges with all three major credit reporting agencies.
• Account Servicing: Fasten uses Highnote’s platform to handle billing, interest and fee assessments, and account management.

On average, Americans spend $12,182 annually on their vehicles¹, contributing to $1.62 trillion in auto loan debt². The Fasten™ Rewards Visa® Card offers significant benefits for both consumers and dealerships, including:

• A Visa® Card with Rewards for Car Payments and More: Customers earn 3x points on in-network dealership services, fuel, tolls, and other automotive categories; 2x points on car loan, lease, or insurance payments made with a linked account; and 1x rewards on all other purchases. Points are redeemable for in-network dealership services, Amazon gift cards, or card account statement credit*.
• Branded Digital and Physical Cards: Customers receive both digital and physical cards, which can be used everywhere Visa is accepted.
• Increased Dealership Engagement & Loyalty: Fasten points can be redeemed for any spend within a customer’s preferred dealership group – regardless of vehicle brand or lender – which creates dealer lock-in and drives retention in the critical post-warranty period. Dealer partners can also purchase and distribute Fasten points to incentivize customer behavior across the dealership group.

“As consumer expectations change, we saw a need for a product that makes earning rewards on auto payments easy while driving loyalty to dealerships,” said Jacob Zachs, Founder & CEO of Fasten. “Highnote’s platform enabled us to create a unique credit card that enhances the ownership experience by keeping customers connected to their dealership for service, vehicle purchase, and rewards.”

“We are excited to partner with Fasten to launch their consumer revolving credit program, enabling dealerships to integrate rewards with car payments and maintenance,” said John MacIlwaine, CEO of Highnote. “Our platform is built to help companies like Fasten deliver custom card solutions that unlock new revenue opportunities and deepen customer relationships.”

The Fasten™ Rewards Visa® Card program will be available to consumers and auto dealerships nationwide in 2025. To learn more, sign up to be one of the first invited to apply, or to become a Fasten dealership, visit fasten.cc.

*Please see Terms and Conditions for full reward details.

About Highnote

Highnote is an embedded finance company setting the new standard in modern card platform management. Its integrated technology enables companies of all sizes to embed virtual and physical card payments, ledger, and wallet functionalities into their products, creating compelling value for users. Highnote has raised more than $100 million from leading investors and is headquartered in San Francisco, California. Visit highnote.com for more information.

About Fasten Rewards

Fasten Rewards is a visionary fintech redefining how drivers and dealerships connect. Bringing together a team of fintech and automotive experts and innovative technologies, Fasten aims to strengthen the relationship between drivers and dealerships with its loyalty card. Its suite of embedded rewards and loyalty product offerings for dealerships boosts retention, accelerates sales velocity and unlocks new revenue streams. For more information, visit fasten.cc.

All Fasten™ Rewards Visa Cards are powered by Highnote and issued by Celtic Bank. Visa is a registered trademark of Visa Inc. All cards are subject to credit approval.

¹https://www.bts.gov/content/average-cost-owning-and-operating-automobilea-assuming-15000-vehicle-miles-year

²https://fred.stlouisfed.org/series/MVLOAS

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