Fifth Third Most well-liked Money/Again Card Assessment — Execs & Cons

In relation to rewards bank cards, generally easier is healthier. “Easy” definitely describes the Fifth Third Most well-liked Money/Again Card, which has probably the most easy rewards program conceivable and an in any other case normal menu of perks and advantages. 

The Fifth Third Most well-liked Money/Again Card doesn’t reinvent the wheel, nevertheless it does supply strong returns on each buy, every single day. Should you’re out there for a brand new cash-back bank card, give it due consideration.

What Is the Fifth Third Most well-liked Money/Again Card?

The Fifth Third Most well-liked Money/Again Card is a no-annual-fee cash-back bank card that earns limitless 2% again on all eligible purchases. There are not any caps on cash-back incomes potential and rewards don’t expire so long as your account stays open and in good standing.

You will need to have a Fifth Third Most well-liked Banking relationship to qualify for a Fifth Third Most well-liked Money/Again Card. Fifth Third Most well-liked Banking has loads of selection advantages, together with particular discounted charges on eligible Fifth Third loans. Nevertheless, it does have a comparatively difficult-to-avoid month-to-month upkeep price, so it’s not the only option for people preferring free checking accounts.

What Units the Fifth Third Most well-liked Money/Again Card Aside?

The Fifth Third Most well-liked Money/Again Card is your normal 2% cash-back bank card. It doesn’t have loads of bells and whistles. Nevertheless it does have a number of options price noting upfront:

• Requires a Fifth Third Most well-liked Banking Relationship. You will need to have a Fifth Third Most well-liked Banking relationship (which features a checking account and different elements) to qualify for this card. Should you don’t need to take care of the related charges, take into account as an alternative a Fifth Third Momentum Banking relationship and its tie-in card, the Fifth Third 1.67% Money/Again Card.
• No Worldwide Transaction Charges. This can be a good profit for worldwide vacationers that’s not normal within the no-annual-fee card house. Should you don’t but have a go-to journey bank card, this one can stand in till you do.
• 0% Intro APR Stability Switch Promotion. This card’s 12-month 0% APR introductory steadiness switch promotion presents a decently lengthy runway to pay down high-interest bank card balances with out incurring further prices. It’s not paired with a corresponding buy promotion, nevertheless.

Key Options of the Fifth Third Most well-liked Money/Again Card

Should you’re nonetheless within the Fifth Third Most well-liked Money/Again Card, see beneath for extra particulars on its most necessary options.

Incomes Money-Again Rewards

The Fifth Third Most well-liked Money/Again Card’s rewards program couldn’t be easier. Each eligible buy earns 2% money again, with no caps or restrictions on how a lot you possibly can earn. As soon as earned, rewards don’t expire so long as your account stays energetic and in good standing.

Redeeming Money-Again Rewards

You’ll be able to redeem gathered rewards in any quantity for assertion credit to your Most well-liked Money/Again account or deposits into your linked Fifth Third checking account. Assertion credit and financial institution deposits can take as much as 2 weeks to hit the account.

0% APR Intro Stability Switch Promotion

Take pleasure in 0% APR on eligible steadiness transfers for 12 months from account opening. Stability switch charges apply —  $5 or 4% of the quantity of every switch, whichever is larger. Failure to repay the total switch quantity inside the promotional interval might end in deferred curiosity expenses.

Cell Cellphone Safety Protection

The Fifth Third Most well-liked Money/Again Card comes with complimentary cellphone safety protection backed by Mastercard. It’s capped at $800 per declare (much less a small deductible) and $1,000 per 12-month interval, no matter declare depend. See the Mastercard information to advantages for extra on potential restrictions and exclusions.

Further Mastercard Advantages

This card has another Mastercard-backed advantages price noting:

• 24/7 Mastercard journey concierge help
• Mastercard Airport Meet & Greet (helpful for navigating unfamiliar airports, particularly overseas)
• Buy safety, topic to sure limitations and restrictions
• Mastercard ID theft safety, which incorporates id decision providers

Necessary Charges

This card has no annual price or worldwide transaction price. Different charges might apply — see charges and phrases.

Credit score Required

This card requires good to glorious credit score, although particular underwriting requirements might differ by applicant.

Benefits of the Fifth Third Most well-liked Money/Again Card

These are the Fifth Third Most well-liked Money/Again Card’s largest promoting factors.

• No Annual Price for the Card Itself. Though it’s tied to Fifth Third Most well-liked Banking, which does have some charges, this card has no direct annual price. 
• 2% Money Again on Each Eligible Purchases. The Most well-liked Money/Again Card earns limitless 2% again on all eligible purchases, every single day. You don’t have to fret about rotating classes or different complicated program options.
• No Caps or Expiration on Money Again Rewards. As soon as earned, your money again by no means expires until you shut your account or grow to be delinquent. This can be a huge benefit over competing playing cards that do put an arbitrary time restrict on redemptions.
• Strong 0% APR Intro Stability Switch Promotion. This card has a 0% APR introductory steadiness switch promotion that stretches for 12 months out of your account opening date. It’s a good way to repay high-interest bank card debt with out incurring further curiosity expenses. (However do repay any transferred quantities earlier than the promotional interval ends to keep away from deferred curiosity.)
• No Worldwide Transaction Charges. This card has no worldwide transaction price. That’s a welcome benefit over many different no-annual-fee cash-back playing cards and excellent news for frequent vacationers (and folk who purchase stuff from abroad retailers).
• Good Cell Cellphone Safety Profit. This card’s cellphone safety profit gives as much as $1,000 in protection (much less deductible) per 12-month interval and as much as $800 per particular person declare. That’s greater than the usual $600-per-claim protection widespread elsewhere.

Disadvantages of the Fifth Third Most well-liked Money/Again Card

Contemplate these downsides earlier than you apply for the Fifth Third Most well-liked Money/Again Card.

• No Signal-up Bonus. The Most well-liked Money/Again Card has no sign-up bonus for brand spanking new cardholders. Should you’re in search of a straightforward increase to your rewards proper out of the gate, look to rivals just like the Chase Freedom Flex Credit score Card or Chase Freedom Limitless Credit score Card.
• No Option to Earn Extra Than 2% Again on Purchases. Flat-rate 2% money again is sweet, however there’s no solution to earn greater than that with this card. If that’s an issue, take into account a bank card with higher-earning bonus classes, like Freedom Flex or Limitless.
• Requires a Fifth Third Most well-liked Banking Relationship. This isn’t an issue when you’re already a Fifth Third buyer, nevertheless it’s an inconvenient and probably pricey additional step when you’re not. Most competing cash-back playing cards don’t have this requirement, together with comparable 2% playing cards just like the Citi Double Money Card.
• No 0% APR Intro Promotion for Purchases. The Most well-liked Money/Again Card has no 0% APR introductory promotion for purchases to go together with its 12-month 0% APR intro steadiness switch promotion. The Chase Freedom playing cards supply each.

How the Fifth Third Most well-liked Money/Again Card Stacks Up

Earlier than you apply for the Fifth Third Most well-liked Money/Again Card — and doubtlessly enter right into a Fifth Third Most well-liked Banking relationship with month-to-month charges — see the way it compares in opposition to a barely much less beneficiant providing from Fifth Third: the Fifth Third 1.67% Money/Again Card.

Last Phrase

Should you’re glad together with your present cash-back bank card, significantly if it’s a flat-rate 2% (or higher) card, I wouldn’t advise operating out to exchange it with the Fifth Third Most well-liked Money/Again Card. The Most well-liked Money/Again Card merely isn’t well worth the bother.

That stated, it’s a terrific card for what it’s: a card that earns you limitless 2% money again on all eligible purchases, every single day. Nothing fancy, nothing earth-shattering, however as I stated — generally easier is healthier.