SunTrust Prepares to Dump MBNA/Bank of America as Its Credit Card Issuer
Atlanta-based SunTrust Banks will begin issuing credit cards to its customers through a partnership with First National of Nebraska’s InfiCorp Holdings unit beginning early next year, when its current agreement with MBNA runs out.� Like Wachovia before it, SunTrust seems to prefer not having a rival issue its credit cards—a situation that occurred this year after Bank of America completed its acquisition of MBNA.
SunTrust agreement with MBNA, under which MBNA purchased SunTrust’s consumer credit card portfolio and marketed personal card products and services to the bank’s customers, began in 1999 and ends in January.
Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.
This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.
Published (Modified )