Fifth Third 1.67% Money/Again bank card evaluation

Fifth Third 1.67% Money/Again Card: Overview

APR:

• Intro: 0% introductory APR with stability transfers for the primary 12 billing cycles after account opening. (After that, your APR might be 20.74%–29.99% based mostly in your creditworthiness.)
• Buy: 20.74%–29.99% variable
• Stability switch: 20.74%–29.99% variable (plus a price of $5 or 4% of the transferred quantity, whichever is bigger)
• Money advance: 29.99% (plus $10 or 5% of the quantity of your advance, whichever is bigger)

Annual price: $0

International transaction price: $0

Comfort examine price: Both $5 or 4% of the quantity of every examine, whichever is bigger

Late fee price: As much as $40

Minimal curiosity charged: $1.50

The Fifth Third 1.67% Money/Again Card is a principally vanilla money again bank card. It’s obtained a hard and fast 1.67% incomes charge on all purchases with the choice to redeem for both a direct deposit or a press release credit score in your card. This super-simple method could also be an enormous draw for some—however it may be a deterrent for others. Its one-dimensional method signifies that it’s unattainable to get outsized worth in your rewards.

Many bank cards tack on as much as 3% of your complete abroad spending. The Fifth Third 1.67% Card waives these overseas transaction charges, so it’s a superb companion for worldwide journeys. It additionally doesn’t cost an annual price, which implies it might probably proceed to profit your credit score profile even when your bank card technique evolves away from utilizing the cardboard recurrently. A giant issue that makes up your credit score rating is “size of credit score historical past,” which is decided by the common age of your accounts. By protecting the  card open, your size of credit score historical past will develop even in case you don’t use it (although you must swipe it as soon as each six months to keep away from account closure as a result of inactivity).

Fifth Third is a financial institution that operates primarily within the Midwest—however it has branches from Illinois to West Virginia to Florida. In the event you don’t reside in an space the place it has bodily areas, it’s possible you’ll doubtless have by no means heard of it.

Right here’s why that’s essential: In the event you don’t have a Fifth Third checking or financial savings account, you’re ineligible to open the Fifth Third 1.67% Money/Again Card. Solely these with a earlier relationship with the financial institution will qualify.

Fifth Third 1.67% Money/Again Card: Rewards

The Fifth Third 1.67% Card presents a singular mounted return charge for all purchases: 1.67% uncapped. Sounds random, however it ties in with the financial institution’s “Fifth Third” motif (5/3 = 1.67). That is an above common return for a no annual price money again bank card with a flat incomes charge. Extra frequent are presents between 1% and 1.5%.

The cardboard technically earns “Rewards Factors,” that may be redeemed at a charge of 1 cent per level. Whenever you make a purchase order, your factors earnings might be rounded (up or down) to the closest complete quantity. For instance, in case you spend $6, you’ll earn 10.02 factors. This might be rounded to 10 factors.

Does Fifth Third 1.67% Money/Again Card supply a brand new buyer bonus?

The Fifth Third 1.67% Card doesn’t at present supply a welcome bonus to new members.

Learn how to redeem Fifth Third 1.67% Money/Again Card rewards

In the case of utilizing your rewards, the Fifth Third 1.67% Card doesn’t have many methods up its sleeve.

Assertion credit score

Whenever you earn factors with the Fifth Third 1.67% Card, you need to use them towards a press release credit score in your card to offset your stability. You are able to do this instantly after the rewards are posted to your account.

Many money again bank cards require you to earn a certain quantity earlier than you’re eligible to redeem them ($25 is a standard threshold). This card doesn’t.

Direct deposit

Alternatively, you’ll be able to request a direct deposit into your Fifth Third checking or financial savings account in case you don’t at present have a stability in your bank card, or in case you’d like to make use of your funds ultimately aside from reducing your bank card debt.

Computerized redemptions

If you wish to spend as a lot mind energy redeeming your factors as you do incomes them (i.e., none), you’ll be able to enroll in auto-redemption which can empty your full rewards stability into your account every month.

Extra advantages

The Fifth Third 1.67% Card’s ongoing advantages aren’t jaw-dropping, however few no annual price money again bank card advantages are. Right here’s what you’ll be able to count on:

• Cellular phone safety: In case your cellphone is misplaced or stolen, you’ll obtain as much as $800 per declare (most two claims or $1,000 per 12-month interval) with a $50 deductible. All you’ve obtained to do is use the cardboard to pay your month-to-month cellphone invoice. That is glorious for a no annual price bank card.
• Contactless funds: You need to use your card touch-free with eligible bank card terminals. You may add the cardboard to Apple Pay, Google Pay, and Samsung Pay.
• Simply lock your card: The Fifth Third cellular app means that you can successfully activate and deactivate your bank card at will, just like flipping a change. For instance, in case your card goes lacking, you’ll be able to instantly lock the cardboard till you discover it.
• Mastercard ID Theft Safety: Mastercard will monitor the web (together with the darkish and deep internet) to search out any of your delicate info, together with compromised credentials. This can be a profit that each one Mastercard bank cards clients have.

Is the Fifth Third 1.67% Money/Again Card best for you?

It’s true: Many different bank card rewards applications have a better potential worth than the Fifth Third 1.67% Card. Incomes airline miles, lodge factors, or transferable rewards that may be transformed to journey loyalty applications can actually be price exponentially extra. The caveat is that these applications take a whole lot of analysis and experimentation to maximise.

The Fifth Third 1.67% Card is for individuals who don’t have a grasp’s diploma in bank card rewards—and aren’t focused on placing within the effort. With this card, you’ll be able to assure that you simply’ll get a stable return each time you swipe the cardboard. There aren’t any catches (besides maybe the truth that it’s essential to have a Fifth Third checking or financial savings account to qualify).

Bank cards just like Fifth Third 1.67% Money/Again Card

There are many different money again bank cards that may compete with the Fifth Third 1.67% Card, a lot of which don’t require you to have a earlier relationship with the financial institution to safe an approval. Listed below are a few of the finest bank cards to think about if the Fifth Third 1.67% Card simply isn’t doing it for you.

Capital One Quicksilver Money Rewards Credit score Card vs. Fifth Third 1.67% Money/Again Card

The no annual price presents a limiteless 1.5% money again return. That is barely under the Fifth Third 1.67% Card, however it makes up for the deficit in different methods.

For instance, you’ll earn 5% money again on motels and rental automobiles booked by way of Capital One Journey. You’ll additionally earn $200 after spending $500 within the first 3 months from account opening. The cardboard even presents six months of free Uber One membership by way of Nov. 14, 2024 (in any other case $9.99 monthly).

Citi® Double Money Card vs. Fifth Third 1.67% Money/Again Card

The no annual price earns 1% again while you make a purchase order and 1% again while you repay that buy. That’s 2% in every single place, which is notably larger than the Fifth Third 1.67% Card.

The cardboard doesn’t earn a welcome bonus. And its advantages are comparatively slim. For instance, it doesn’t waive overseas transaction charges and it doesn’t supply cellphone insurance coverage. If the additional 0.33% in earnings doesn’t offset these shortcomings, the Fifth Third 1.67% Card is probably going your higher choice.

Continuously requested questions

Is the Fifth Third 1.67% Money/Again Card price it?

The Fifth Third 1.67% Card is price it for anybody who values simplicity above all else. It’s obtained a stable return charge for all purchases—and since it doesn’t incur an annual price, you’re assured to make a revenue (so long as you avoid different charges like APR and money advances).

How does a Fifth Third money again card work?

The Fifth Third 1.67% Money/Again Card presents a hard and fast 1.67% return for all purchases. You may redeem them as a direct deposit into your Fifth Third checking or financial savings account, or you’ll be able to request {that a} assertion credit score be utilized to your card.

What’s the APR for the Fifth Third 1.67% Card?

The Fifth Third 1.67% Card comes with a 20.74%–29.99% variable APR.

Please be aware that card particulars are correct as of the publish date, however are topic to vary at any time on the discretion of the issuer. Please contact the cardboard issuer to confirm charges, charges, and advantages earlier than making use of.