Fifth Third Launches New Credit Cards
Fifth Third unveiled two new credit cards today: a rewards card called TRIO, and the Truly Simple card, a card with an attractive introductory interest rate.
With TRIO, consumers are automatically enrolled in a rewards program where they will earn points for every dollar spent, and earn extra rewards at restaurants, gas stations, grocery stores and drug stores, the places people shop most frequently. The rewards can be redeemed for cash back, deposited into a Fifth Third checking or savings account or used to pay for a Fifth Third loan or mortgage.
“Understanding rewards programs should be simple,” Jimm Bell, Director of Consumer and Small Business Payments for Fifth Third Bancorp, said. “Customers don’t want to stand at a register trying to remember which card they should use based on rotating categories that change every month. They want a single card that earns great rewards where they tend to spend most. That’s why we created TRIO.”
The TRIO card features:
- 3% cash back for every $1 spent at restaurants, and 2% cash back for every $1 spent on gas, at grocery stores and at drug stores. Customers can earn rewards on up to $1,500 in purchases per quarter. Cardholders earn unlimited 1% cash back on all other purchases.
- When a cardholder spends $1,000 within the first 90 days of opening their account, they will receive a $100 bonus.
- No international transaction or annual fees.
The Truly Simple credit card was created for customers looking for a lower interest rate, so they can make a large purchase or pay down balances with higher interest rates.
Features of Truly Simple include:
- 0% APR on purchases and balance transfers during the first 15 billing cycles. After that, the variable APR will be 12.24% to 23.24%, based on a customer’s creditworthiness.
- No annual fee.