U.S. Bank has launched a new credit card called ‘U.S. Bank Split™ World Mastercard®‘. This is a buy now, pay later card that splits purchases into three payments. There are no fees if you choose a three month plan and a fixed ‘plan fee’ if you choose a 6 or 12 month plan. The card does not earn any rewards.
Card Basics
- No annual fee
- No sign up bonus
- Card does not earn rewards
- No interest fees
- No plan fee on a three month plan, fixed fee for six or twelve month plan (disclosed when extending from a three month plan)
Our Verdict
Can’t see this being very useful to any of our readers due to the fact that there is no rewards program. Might be able to arbitrage funds into a high yield account if you get a high enough credit limit and buy cash equivalents but I doubt that would ever be worth it.
Hat tip to reader 14lopeza
