Mercedes Financial has partnered with American Express, which is Amex’s first partnership with an automobile brand in the U.S.
One card offers a revolving credit line, the other requires payment in full monthly.
Both offer 5x membership rewards points on purchases of Mercedes-Benz products and services, including maintenance, and other perks.
The credit card – with an annual fee of $95 – offers a variety of perks including 1,000 miles waived at lease-end while the Platinum Card – with an annual fee of $475- offers such features as a $1,000 certificate toward the purchase or lease of a Mercedes-Benz and access to airport clubs and resorts.
This is only the sixth time American Express has teamed with another company to offer a co-brand card. Other partnerships include Delta Airlines and JetBlue.
The cards already have a potential customer base of about 3 million Mercedes-Benz drivers in the U.S.