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

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.

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 rewards.

About U.S. BankMinneapolis-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.

Copyright Business Wire 2010

More from Press Releases

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

Meet the Real Money Pros: Market Strategies for 2012

Meet the Real Money Pros: Market Strategies for 2012