What is the new U.S. Bank Split Card?

The U.S. Bank Split Card is a new credit card that automatically divides every purchase into equal monthly payments without interest or an annual fee.

Does the U.S. Bank Split Card have an annual fee?

No, the U.S. Bank Split Card does not charge an annual fee for its services.

How does the U.S. Bank Split Card's payment system work?

It automatically splits each purchase into equal monthly installments, allowing for interest-free repayment over time.

Home / Business and Economy / U.S. Bank's Split Card: Buy Now, Pay Later, Zero Interest

U.S. Bank's Split Card: Buy Now, Pay Later, Zero Interest

20 Nov

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Summary

U.S. Bank introduced the Split Card for interest-free monthly payments.
The new credit card has no annual fee and applies to all purchases.
The company shows mixed recent shareholder returns but solid long-term growth.

U.S. Bank's Split Card: Buy Now, Pay Later, Zero Interest

U.S. Bancorp has unveiled the U.S. Bank Split Card, a novel credit card product that automatically separates all transactions into interest-free monthly installments. This new offering requires no annual fee, enhancing its appeal to consumers seeking flexible payment options. The bank's strategic move into new product development coincides with a period of evolving financial performance, marked by a recent 4.8% decrease in total shareholder return over the past twelve months.

Despite the short-term dip, U.S. Bancorp boasts a 25.3% total shareholder return over the last five years, indicating sustained long-term growth. Analysts are currently assessing whether the company's stock, trading at a notable discount to price targets, offers significant future upside. The bank's investments in digital platforms and artificial intelligence are expected to drive operating efficiencies and potentially increase net margins, positioning it for growth in an increasingly digital banking landscape.