Organizations get online tools to manage expenses, can earn cash
MINNEAPOLIS--(BUSINESS WIRE)--Dec. 5, 2013--
Non-profit organizations and small municipalities can now apply for a
U.S. Bank credit card with fewer fees, a powerful online
expense-management tool and other features crafted to their unique needs.
The U.S. Bank Visa® Community Credit Card has no annual fees, no late
fees and no over-limit fees and is now offered in all U.S. Bank branches.
“The U.S. Bank Community Card is designed for non-profit organizations
and municipalities where usual credit-underwriting standards sometimes
aren’t appropriate,” said Cathi Stanton, senior vice president for U.S.
Bank Retail Payment Solutions. “For instance, instead of assigning
liability to board members – which can be a tough ask for non-profits –
the liability is held by the organization.”
Other features include:
All accounts receive consolidated central billing statements – making
it easy for organizations to track expenses.
Domestic, dedicated cardmember service available 24 hours a day, 7
days a week.
Free online management reporting with ScoreBoard (www.usbank.com/scoreboard).
Optional, free rewards program: 1% cash back on all net purchases. A
non-reward option is also available.
Underwritten on the financial strength of the organization, no
Line size based on the financial strength of the organization.
Examples of non-profits that can benefit include: religious
organizations; cultural groups; foundations; social services;
educational institutions; and other tax-exempt institutions. Municipal
organizations that may qualify include: local, state, federal entities;
schools; city or county offices; fire, police, and sheriff departments;
and public housing administrations.
“U.S. Bank’s free ScoreBoard tool lets tax-exempt organizations see,
compare and control expenses more efficiently, giving staff more time to
focus on the organization’s mission and needs,” Stanton said. “We’re
delighted to offer a high-value product for our communities.”
The U.S. Bank Visa Community Credit Card is now available at all U.S.
In October, U.S. Bank introduced another new specialty credit card: the
U.S. Bank Visa Signature® Company credit card. Designed for companies
with $1 million to $10 million in annual revenues, it offers unique
advantages for businesses such as no personal guarantor and cash-back
About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB),
with $361 billion in assets as of Sept. 30, 2013, is the parent company
of U.S. Bank, the 5th largest commercial bank in the United States. The
company operates 3,088 banking offices in 25 states and 4,937 ATMs and
provides a comprehensive line of banking, brokerage, insurance,
investment, mortgage, trust and payment services products to consumers,
businesses and institutions. Visit U.S. Bancorp on the web at usbank.com.
Source: U.S. Bank
Teri Charest, 612-303-0732
U.S. Bank Public Relations