Fifth Third Introduces the Fifth Third Cash/Back Card
November 16 2020 - 8:42AM
Business Wire
New card offers unlimited 1.67% cash back on
every purchase
Fifth Third Bank today announced its new cash back rewards
credit card. The Fifth Third Cash/Back Credit Card is the bank’s
new flagship rewards credit card product, offering 1.67% cash back
on every purchase, no matter the category.* The new
contactless-enabled card gives customers the ability to tap and go
in store or load into their digital wallet as a safer way to pay.
Customers can also manage the card directly from their Fifth Third
Mobile Banking app.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20201116005759/en/
Fifth Third Introduces the Fifth Third
Cash/Back Card. New card offers unlimited 1.67% cash back on every
purchase. (Photo: Business Wire)
“The new card empowers customers to earn 1.67% cash back on all
their purchases. It’s that simple,” said Mike Butera, head of
consumer products and payments for Fifth Third Bank. “There are no
hidden requirements or qualifications. Customers can use one card
and know that they are receiving tangible benefits no matter where
and what they purchase.”
The new Fifth Third Cash/Back Card offers:
- Unlimited 1.67% cash back on every purchase.
- Contactless payment option.
- No annual fee.
- No rewards expiration.
- No rotating categories.
Additionally, Fifth Third is introducing two new products that
will offer unlimited 2% cash back on every purchase and no annual
fee** for clients who have a Preferred or Private Bank
relationship. The card is one more initiative that demonstrates how
the Bank is creating solutions to fit neatly into customers’ lives
and making banking a Fifth Third better.
“Consumers want one card that earns abundant cash back on all
purchases regardless of the category,” Butera said. “The Fifth
Third Cash/Back Card keeps things simple: You make purchases, you
earn cash back. We are excited to introduce our new flagship
rewards card that ensures a seamless experience for our customers,
as well as offers more rewards and benefits as their relationship
expands with us.”
Customers can learn more and apply for the new Fifth Third
Cash/Back Card at 53.com or at any Fifth Third branch location.
*Earn 1.67 Rewards Points (1.67% cash
back) for each $1 spent on qualified purchases. The value of each
point is $0.01. If earned points result in a fractional amount,
then such fractional amount will be rounded to the nearest whole
number. For example, if your Rewards Points total 3.216, you will
be awarded 3 Rewards Points.
**Earn 2 Rewards Points (2% cash back) for
each $1 spent on qualified purchases. The value of each point is
$0.01.
See the rewards terms and conditions at
53.com/myrewards for important information including details about:
(1) Purchases: dollar value of goods and services, minus credits
and adjustments, excluding fees and other items. (2) Categories:
merchants’ card readers are assigned to categories which determine
how a transaction is characterized for rewards purposes. We do not
control which categories card readers are assigned to. (3)
Redemption options. (4) Changes: the program may change. (5)
Expiration: points do not expire.
Variable APR of 15.49% to 25.49% on
purchases when you open your account and on balance transfers after
the introductory period. Variable APRs are accurate as of
11/12/2020 and are subject to change with the market based on the
prime rate. Cash advance variable APR: 24.99%. Annual Fee: None.
Balance transfer fee either $5 or 4% of the amount of each
transfer, whichever is greater. Cash advance fee either $10 or 5%
of the amount of each cash advance, whichever is greater.
Convenience check fee either $5 or 4% of the amount of each check,
whichever is greater. International transaction fee: None. Late
payment fee of up to $40. Minimum interest charged is $1.50. We may
end any promotional (including introductory) APR(s) and apply the
standard APR for purchases or balance transfers, as appropriate, if
you make a late payment.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio and the indirect parent company
of Fifth Third Bank, National Association, a federally chartered
institution. As of Sept. 30, 2020, Fifth Third had $202 billion in
assets and operated 1,122 full-service banking centers and 2,414
ATMs with Fifth Third branding in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia,
North Carolina and South Carolina. In total, Fifth Third provides
its customers with access to approximately 52,000 fee-free ATMs
across the United States. Fifth Third operates four main
businesses: Commercial Banking, Branch Banking, Consumer Lending
and Wealth & Asset Management. Fifth Third is among the largest
money managers in the Midwest and, as of Sept. 30, 2020, had $422
billion in assets under care, of which it managed $53 billion for
individuals, corporations and not-for-profit organizations through
its Trust and Registered Investment Advisory businesses. Investor
information and press releases can be viewed at www.53.com. Fifth
Third’s common stock is traded on the Nasdaq® Global Select Market
under the symbol “FITB.” Fifth Third Bank was established in 1858.
Deposit and Credit products are offered by Fifth Third Bank,
National Association. Member FDIC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201116005759/en/
Laura Trujillo (Media Relations) Laura.Trujillo@53.com |
513-534-NEWS
Chris Doll (Investor Relations) Christopher.Doll@53.com |
513-534-2345
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