I spend a lot of my time finding out and evaluating cash-back bank cards, so it takes so much for a brand new bank card to shock me. I nearly hate to confess it, however the brand new Fifth Third 1.67% Money/Again Card threw me for a loop.

Not as a result of 1.67% Money/Again has a revolutionary rewards program or beautiful advantages lineup. That’s why I hate to confess it: the novelty is mainly a gimmick, and proper there within the title of the cardboard.

You simply don’t see bank cards with a flat 1.67% cash-back fee fairly often. 1.5%, certain. 2%, positively. However 1.67%? Simply what is Fifth Third considering? 

I had no thought till somebody a lot better at math jogged my memory that 5 divided by 3 equals 1.67. 5/3…Fifth Third…1.67.

You get it now. Seems it’s proper there within the emblem too. (And the “Money/Again” bit is per the slash-in-the-name factor too.) Hats off to Fifth Third’s advertising division for this one, you’re smarter than I’m.

What Is the Fifth Third 1.67% Money/Again Card?

This may shock you, however the Fifth Third 1.67% Money/Again Card is a cash-back bank card that earns limitless 1.67% money again on all eligible purchases. Gas, groceries, takeout, journey — all of it earns on the identical fee.

You should have a Fifth Third Momentum® Checking account to use for the 1.67% Money/Again Card. That is an inconvenience for those who don’t need or want one other checking account, however Momentum Banking is fee-free and simple to open on-line, so it may not be a dealbreaker. If and while you improve to Fifth Third Most popular Banking, which has harder-to-avoid charges, chances are you’ll qualify for the two% cash-back Fifth Third Most popular Money/Again Card.

In any other case, the 1.67% Money/Again Card is a fairly commonplace Mastercard. Right here’s what else it’s best to know earlier than you apply.

What Units the Fifth Third 1.67% Money/Again Card Aside

The Fifth Third 1.67% Money/Again Card isn’t a revolutionary bank card, however it does have three uncommon or distinctive options value noting:

• Limitless 1.67% Money Again. Novelty, gimmick, no matter you need to name it — the 1.67% Money/Again Card goes the place few if any cash-back bank cards have gone earlier than it.
• Tied to a Particular Fifth Third Financial institution Account. This isn’t factor in my e book, until you’re already a Fifth Third Momentum Checking buyer. Standard no-annual-fee cash-back bank cards typically don’t require you to have a selected checking account earlier than you apply.
• Stable Introductory Stability Switch Promotion. The 1.67% Money/Again Card has a 0% APR introductory promotion on steadiness transfers for 12 months from account opening. That’s one of many higher steadiness switch presents within the class.

Key Options of the Fifth Third 1.67% Money/Again Card

Let’s discover crucial options of the Fifth Third 1.67% Money/Again Card in additional element. 

Incomes Money Again

The 1.67% Card’s rewards program couldn’t be easier. All eligible purchases earn 1.67% money again, with no caps on incomes potential and no bonus rewards classes or tiers to complicate issues. Rewards don’t expire so long as your account stays open and in good standing.

As flat cash-back charges go, 1.67% occupies a center floor between the comparatively low 1% to 1.5% fee supplied by many entry-level playing cards and the two% to 2.5% supplied by extra beneficiant playing cards. It’s nothing particular, however not insultingly low.

Redeeming Money Again

You’ll be able to redeem money again in any quantity, at any time. The easiest way to do that is by establishing computerized redemptions, zeroing out your rewards steadiness every month and lowering the time funding of redeeming to zero as properly.

Intro Stability Switch Supply

The 1.67% Card has a 0% APR introductory supply on steadiness transfers made through the first 12 months of account opening. 

You received’t pay curiosity on these transfers till the thirteenth billing cycle after your account is open. Make sure you repay any transferred balances in full through the interval although, otherwise you’ll must pay deferred curiosity on any unpaid portion after the introductory interval ends.

There’s no corresponding promotion for purchases, so this isn’t the suitable card for those who’re planning to make a giant buy early on within the hopes that you just received’t must pay curiosity on it.

Cell Cellphone Safety

This card’s signature value-added profit is a comparatively beneficiant cellular phone safety plan value as much as $1,000 per yr. The utmost per declare is $800, much less a $50 deductible, and also you’re restricted to 2 claims per yr.

The catch: You must pay your cellular phone invoice in full together with your 1.67% Card every month for the profit to stay in impact. If a month goes by with no cellular phone invoice fee showing in your assertion, protection now not applies.

Contactless Funds

Hyperlink your 1.67% Card to your cellular pockets to make contactless tap-to-payments together with your telephone wherever it’s potential. The cardboard is suitable with Google Pay, Apple Pay, and Samsung Pay.

Vital Charges

There’s no annual payment or international transaction payment. The latter isn’t commonplace for a fundamental cash-back card, so it counts as a strong perk, particularly for those who plan to journey outdoors the US.

Credit score Required

The 1.67% Money/Again Card requires first rate (or higher) credit score. You’ll have bother qualifying for this card in case your FICO rating is under 700.

Benefits of the Fifth Third 1.67% Money/Again Card

The 1.67% Card’s shiny spots embody its first rate cash-back fee, strong steadiness switch promotion, and no annual payment.

• 1.67% on All Eligible Purchases. The title says all of it. Each buy earns 1.67%, daily, with no caps or restrictions on how a lot you’ll be able to earn.
• No Annual Price. The 1.67% Card doesn’t cost an annual payment. That is par for the course for this sort of cash-back card, however nonetheless value noting as a bonus.
• 0% APR on Stability Transfers for 12 Months. Stability transfers made early inside 12 months of account opening don’t accrue curiosity for your complete interval, making this a strong if not spectacular steadiness switch card. Simply remember to repay transfers in full earlier than the intro interval ends or chances are you’ll be on the hook for deferred curiosity.
• Straightforward to Redeem Money Again. You’ll be able to redeem money again in any quantity, at any time. Enroll in computerized redemption to set and overlook your month-to-month redemptions.
• No Overseas Transaction Charges. This card doesn’t cost international transaction charges, which is good news for those who plan to journey outdoors the US or make purchases from abroad retailers.
• Comes With Complimentary Cell Cellphone Safety. Pay your cellular phone invoice in full every month together with your 1.67% Money/Again Card and revel in complimentary cellular phone safety value as much as $800 per declare and $1,000 per 12-month interval.

Disadvantages of the Fifth Third 1.67% Money/Again Card

The 1.67% Card has some notable drawbacks that might provide you with pause. Contemplate them rigorously earlier than you apply.

• Requires a Fifth Third Financial institution Account. You should open a Fifth Third Momentum Checking account earlier than making use of for this card. Hottest cash-back bank cards don’t require a linked checking account as a situation of approval, so it is a particular downside for individuals who aren’t already Fifth Third clients.
• No Bonus Rewards. 1.67% money again is a superb rewards fee, however it could be good for those who may do higher. And you’ll’t with this card.
• No Signal-up Bonus. This card doesn’t have a sign-up bonus both. The perfect no-annual-fee cash-back bank cards do.
• No 0% APR Buy Promotion. The 1.67% Card’s intro steadiness switch promotion doesn’t pair with a comparable buy promotion, as is usually the case. A transparent downside for those who’re planning a serious buy.

How the Fifth Third 1.67% Money/Again Card Stacks Up

Earlier than you apply for the Fifth Third 1.67% Money/Again Card, see the way it compares to a different widespread cash-back bank card: the Citi Double Money Card.

Different Credit score Playing cards to Contemplate

The Double Money and 1.67% Money/Again Playing cards aren’t the one fish within the cash-back bank card sea, in fact. Contemplate these alternate options as properly.