Fetch has announced it will be launching Fetch American Express® Card, powered by Imprint in the Fall. Card basics:
- Card earns at the following rates:
- 10x points per $1 spent on retail and grocery
- 5x points on all other purchases
- Earn extra points in high-value categories that change each month
- No annual fee
- No sign up bonus, but “point bonuses” for hitting key checkpoints (image shows 3,000 points after making your first purchase)
- Expanded access to spin and win (non cardholders have access to this, so it’s unclear what the expanded access actually is)
Our Verdict
Earning 10x points sounds great, but a $50 Amazon giftcard costs 55,000 points so that is actually an earning rate under 1% back. Lower value gift cards are even worse at 0.08 per point. This card is an easy pass, although I am sure it will sucker a few people.
