dcsimg PNC Bank Drops MBNA in Favor of Credit Card Alliance with US Bank - indexcreditcards.com

Credit Card Calculators

How long will it take to pay off my credit card?

In the News
  • "As comprehensive a list as you'll find of all the credit card offers on the table now."

PNC Bank Drops MBNA in Favor of Credit Card Alliance with US Bank

by Peter Andrew
PNC Bank Drops MBNA in Favor of Credit Card Alliance with US Bank

PNC

Editor’s Note:  This offer is expired and is no longer available.

Bank Drops MBNA in Favor of Credit Card Alliance with US Bank

PNC Bank, which offers financial services in 8 eastern states

and the District of Columbia, announced this week that it will

begin issuing credit cards in association with US Bank starting

September 1. PNC has been offering co-branded cards through

MBNA since ending its credit card business in 1999. PNC’s arrangement

with US Bank allows PNC to “own” the cardholders on

its balance sheet, where its arrangement with MBNA had allowed

MBNA to own the customers after paying PNC a finder’s fee of

sorts. US Bank offers similar credit card processing arrangements

to many local and regional banks, allowing them to offer credit

cards as part of their financial services.

PNC

will offer the Select Rewards Visa Platinum Card for consumers

and the Platinum Business Rewards MasterCard to small businesses.

The cards will offer zero percent interest rates on purchases

and balance transfers (with no fee) for 12 months, and customers

will also receive a $50 statement credit after their first purchases

with the cards.

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 )

Share this article with: