US-based Fifth Third Bank has released two new credit cards, TRIO and Truly Simple, which are claimed to be easy for consumers to understand, use and maximize their benefits.
TRIO creates easy ways to earn cash back rewards faster by automatically enrolling the cardholders to earn rewards for every dollar they spend. Additional features include a 3% cash back rewards for every $1 spent at restaurants and 2% cash back rewards for every $1 spent on gas, and at grocery stores and drug stores, up to $1,500 spend per quarter in these combined purchase categories.
The credit card does not levy any annual fee and any international transaction fees on purchases. It offers $100 bonus when a new cardholder spends $1,000 in the first 90 days from account opening.
Truly Simple is available without any annual fees. It offers a low introductory rate with no hidden fees. The cardholders get 0% introductory offer on purchases and balance transfers for 15 billing cycles from account opening.
Fifth Third Bancorp director of consumer and small business payments Jimm Bell said: “Understanding rewards programs should be simple. 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.”
“Consumer habits show that people don’t want to switch cards all the time. The Truly Simple credit card offers a competitive rate and no surprise fees.”