Overall Score

52.2

Net Monetary Value

51.8

Product Features

77.8

Customer Experience

41.2
 

Pros & Cons

With the Fifth Third Preferred Card, users can earn points on all their spending. However, the card offers the most points for dining, travel, gas and grocery purchases. The card’s annual fee is waived for all cardholders during the first year, and there is never a fee for clients of Fifth Third’s Preferred Program or Private Bank. In addition to this, the card has no foreign transaction fees.

  • No Foreign Transaction Fee
  • $0 Annual Fee First Year
  • Annual Fee
  • No Sign-up Bonus

Card Details

Intro Promotions
Intro APR

N/A

Intro Balance Transfer

N/A

Credit Needed
Good

(690-720)

Ongoing
APR

14.24% – 24.24%

Balance Transfer

14.24%

Annual Fee

$79

Foreign Transaction Fee

0%

EMV

Yes

Fifth Third Bank

Based in Cincinnati, Fifth Third Bank serves customers’ commercial and branch banking, consumer lending and investment advising needs. Moreover, it’s one of the largest money managers in the Midwest of the USA.

According to statistics from the Consumer Financial Protection Bureau, Fifth Third Bank received a total of 47 complaints from customers in 2014. That same year, the bank addressed 100 percent of the total complaints in a timely manner and managed to resolve 79 percent of complaints without customer dispute.

Posted on May 22, 2023