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U.S Bank Introduces Community Card For Tax-Exempt Organizations

Stocks in this article: USB

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 guarantor required.
  • 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. Bank branches.

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