TRIO® Credit Card review September 2018 | finder.com

TRIO® Credit Card review – September 2018

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A rewards credit card with a long intro APR period on balance transfers and with no annual fee.

30-seconds take

  • Get this card if you want rewards on your spending and an intro APR period on balance transfers.
  • Pick something else if you want higher rewards and an intro APR period on purchases.
  • Apply with a good to excellent credit score of 680 or higher.
Product NameTRIO® Credit Card
Card TypeMastercard
Annual Fee$0
APR (Annual Percentage Rate) for Purchases15.74% to 24.74% variable
Introductory Balance Transfer APR 0% for the first 12 billing cycles (then 15.74% to 24.74% variable)
Balance Transfer Fee$5 or 4% of the transaction, whichever is greater
Cash Advance Rate26.74% variable
Cash Advance Fee$5 or 4% of the cash advance amount, whichever is greater
Foreign Transaction FeeNone
Interest Free PeriodUp to 23 days
Minimum Interest$1
Late Payment Fee$38
Additional Cardholder Fee$0
Minimum Age18 years of age
Welcome BonusEarn 10,000 cash back after spending $1,000 in the first 90 days
Reward Value per Dollar1% cash back
Rewards Points ExpiryNever

The basics

This is a decent no-annul-fee credit card that lets you earn a high number of Real Life Rewards Points on dining, gas, groceries and at drug stores. You can redeem your points for a number of rewards, including cash back and travel.

Furthermore, you get a long intro APR period on balance transfers, which can help you out if you’re stuck paying a high interest rate on another non-Fifth Third Bank account.

Where does Fifth Third Bank operate?

The bank operates across 10 states with more than 1,200 locations.

  • Ohio
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Kentucky
  • Michigan
  • North Carolina
  • Tennessee
  • West Virginia

The perks

  • Signup bonus.

    Get 10,000 bonus points, worth $100, once you spend $1,000 in the first 90 days of card membership. This may not be as generous as other cashback cards offer, but it’s not that bad either.

  • Cash back.

    Earn 3% back at restaurants and 2% on gas, groceries and at drug stores for up to $1,500 in combined purchases per quarter. Get 1% back after the cap and for all other purchases.

  • Intro APR period on balance transfers.

    Enjoy a 0% intro APR period for the first 12 billing cycles billing cycles following your account opening. After that, a variable APR of 15.74% to 24.74% applies. This is a decent balance transfer promotion, though it’s not the longest you’ll find.

  • No annual fee.

    You’ll get all these perks without paying an annual fee.

How do I redeem my rewards points?

Log in to your Real Life Rewards® account and redeem your points for:

  • Cash back. A direct deposit into your Fifth Third checking or savings account.
  • Gift cards. Select from a range of restaurants and retailers.
  • Merchandise. Shop from fashion and beauty products to electronics and sporting goods.
  • Travel. Arrange flights, hotels or car rentals with the Fifth Third Bank self-booking tool.
  • Loan and mortgage credit. Set up automatic redemption to help you pay off your loan or mortgage.
  • Experiences. Redeem points for culinary, entertainment and sporting events.

You’ll also like …

  • No foreign transaction fees.

    Use your card freely when you travel abroad and you won’t incur any fees. Other cards have a fee of up to 3% for each international transaction.

  • No penalty APR.

    You won’t pay a penalty APR if you make late or returned payments. Other cards have penalty APRs up to 30% variable that can apply once you make a single late or returned payment. What’s worse is you could be stuck with it indefinitely.

  • Cell phone protection.

    When you pay your cell phone bill with your card, you’ll qualify for Fifth Third Bank Cell Phone Protection. This covers costs up to $200 in case of theft or damage. Two additional phones on your cell phone bill are also covered. The Cell Phone Protection plan comes with a $50 deductible per claim.

  • Digital wallets.

    Add your card to Fifth Third Masterpass, Apple Pay, Samsung Pay, Google Pay and Microsoft Wallet and pay faster.

  • Mastercard® benefits.

    Receive special offers for events with Priceless® Cities and get an airport concierge to help you get through immigration quicker, assists you with baggage or get you transportation. Also receive a 10% discount at OneFineStay properties and more. On top of everything else, you’ll receive additional shopping and security benefits, including price protection, zero liability, identity theft protection and more.

What to watch out for

  • No intro APR for purchases.

    A long intro APR period for purchases can be a fantastic deal. Unfortunately, the card doesn’t offer one.

  • Potentially high APR.

    If you have a weaker credit history, you may get an interest rate toward the higher end of 24.74% variable. Considering the average APR is around 16%, this may not be the best deal.

Consider other cards if …

  • You want a similar card from another bank.

    If you’re looking for high cash back on dining and groceries, consider the Savor® Rewards from Capital One®. Plus, you’ll get a long intro APR period on balance transfers and purchases, and the signup bonus is easy to get.

    The AARP® Credit Card from Chase has a similar offer for both cash back and intro period.

  • You want higher cash back.

    If you spend heavily on groceries, consider the Blue Cash Preferred® Card from American Express, which offers a high 6% back at supermarkets on up to $6,000 in purchases per year and 1% back after that, 3% at gas stations and select department stores and 1% back on everything else. And you’ll get an intro APR period on balance transfers and purchases.

    The no-annual-fee Uber Visa Card by Barclays could also be a great choice. It lets you earn 4% back on dining, 3% back on travel purchases, 2% back on online purchases and Uber rides and 1% back on everything else you buy.

Compare cash back credit cards

Name Product Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
$0
14.74%, 18.74% or 24.74% variable
0% for the first 15 months (then 14.74%, 18.74% or 24.74% variable)
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees
$0 to $99
19.74% to 25.74% variable
Get 1% cash back rewards on eligible purchase, terms apply.
$0
14.74% to 25.74% variable
0% for the first 15 months (then 14.74% to 25.74% variable)
Snag a $150 bonus statement credit after you spend $1,000 in the first 3 months
$95
14.74% to 25.74% variable
0% for the first 12 months (then 14.74% to 25.74% variable)
Earn $200 bonus cash back after you spend $1,000 in the first 3 months
$0
15.24% to 25.24% variable
0% for the first 18 months (then 15.24% to 25.24% variable)
Earn 1% cash back for payments on purchases, on top of the 1% cash back on purchases. No annual fee.
$0
14.99% to 24.99% variable
0% for the first 12 statement closing dates (then 14.99% to 24.99% variable)
Earn more cash back for the things you buy most.
16.74%, 22.49% or 25.49% variable
Get 4 points back on dining, 3 on travel, 2 on Uber rides and online shopping and 1 on other purchases, and redeem points for Uber credits, gift cards or cash back.

Compare up to 4 providers

How does a balance transfer work with this card?

With this card, you get a 0% intro APR period on balance transfers for the first 12 months. After that, your rate will be 15.74% to 24.74% variable.

The fee for each transfer is either $5 or 4% of the transaction, whichever is greater. This means you’ll pay $120 for a $3,000 balance transfer. Other cards have fees of 3%, which would lower the fee for the same transfer to $90.

What should I know before I apply?

To apply for this card, you must be at least 18 years old and a citizen or permanent resident of the US.

You’ll need to provide:

  • Your full name and contact information.
  • Your residential status.
  • Your annual income and employment information.
  • Your Social Security number.
  • A valid driver’s license or state ID.

What credit score do I need?

To get the lowest APR and to get a high credit limit, apply with a credit score in the high 700s or more. It doesn’t hurt to have a low utilization as well.

Otherwise, you can apply with a good credit score of 680 or higher.

What do customers say about the TRIO® Credit Card?

Users are generally happy with the card. Those who applied with a high credit score and low utilization are satisfied with the size of the credit line and the low APR they received.

The Better Business Bureau has accredited the Fifth Third Bank since 1928 and rates it with an A+.

How to apply for the TRIO® Credit Card

  1. Go to the Fifth Third Bank website and find the TRIO® Credit Card. Click Apply now.
  2. Fill out the form with your personal details.
  3. Review and submit your completed application.

How long will it take to get my TRIO® Credit Card?

Due to automated preapproval, you’ll likely get a decision within a minute. In the event that more information is needed, Fifth Third Bank will send an answer within 30 days. Upon approval, you should receive your card in the mail within 7 to 10 business days.

I got the card. Now what?

  • Download the Fifth Third Mobile Banking app. And use it to transfer money, pay your bills, track your transactions and manage your accounts. You can also find nearby ATMs and more.
  • Avoid interest. After the close of each billing cycle, you have a grace period of 23 days to pay your balance. If you do, you won’t pay interest on your purchases.
  • Avoid fees. For late payments, you’ll pay up to $38. Balance transfers, cash advances and convenience checks also come with fees.
  • Customer service. For any questions you may have, call Fifth Third Bank support at 1-800-972-3030.

Bottom line

With cash back rewards, a long intro APR period on balance transfers and without an annual fee — there’s nothing to complain about the card. It stacks up well with its competitors and even overshadows some of them with the variety of rewards you can get.

But if you’re still unsure whether this is a good card for you, check out other cashback or balance transfer credit cards and compare your options.

Frequently asked questions

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