The Credit Card Product Update slide deck examines new product releases from 11 credit card carriers in the Credit Card Monitor coverage group over the course of 2016. Inside, we highlight basic fee information, rewards criteria and specific standout features unique to each card and include a chart showing what firms feature which digital payment services for their product offerings.

1. Credit Card Product Update
2016 Year in Review
Meredith Barthold

2. Table of Contents
▪ Background
▪ New Credit Cards
▪ Digital Payment Services
▪ Removed Cards
▪ Service Overview and Contact Information

3. Background

4. Background
▪ This slide deck examines new product
releases from 11 credit card carriers in
the Credit Card Monitor coverage group
over the course of 2016
▪ We highlight basic fee information,
rewards criteria and specific standout
features unique to each card and
include a chart showing what firms
feature which digital payment services
for their product offerings

5. Firms Covered
▪ American Express
▪ Bank of America
▪ Barclaycard US
▪ Capital One
▪ Chase
▪ Citicards
▪ Discover
▪ PNC
▪ U.S. Bank
▪ USAA
▪ Wells Fargo

6. New Credit Cards

7. Credit Card Product Releases
▪ Firms within the coverage group launched a total of 19 new cards
in 2016 that are currently promoted online
-Two are re-releases, two were previously issued by American Express and
six were previously offered on different networks
 Three were previously on the MasterCard network
 Two were previously on the Visa network
 One was previously on the American Express network
-All cards in this slide deck have a focus on rewards, with each credit card
product released in 2016 providing users the ability to earn points, miles
and cash back

8. Bank of America
Allegiant World MasterCard
▪ 3 points per $1 on Allegiant purchases
▪ 2 points per $1 on qualifying dining purchases
▪ 1 point per $1 on all other purchases
▪ 0% APR on balance transfers for 12 months
▪ 13.24% - 23.24% purchase and balance transfer APR thereafter
▪ $59 annual fee
▪ 15,000 bonus points after spending $1,000 in first 90 days
▪ Standout feature: accelerated Allegiant and dining earnings
▪ Introduced: September 2016; rates and fees as of December 2016

9. Bank of America
Asiana Visa Signature Card
▪ 3 miles per $1 on Asiana Airlines purchases
▪ 2 miles per $1 on gas and groceries
▪ 1 mile per $1 on all other purchases
▪ 12.49% - 19.49% purchase and balance transfer APR
▪ $99 annual fee
▪ No foreign transaction fees
▪ 30,000 bonus miles after spending $3,000 in first 90 days
▪ 10,000 Bonus Miles Certificate awarded annually
▪ $100 annual rebate on Asiana Airlines ticket purchases
▪ Standout feature: accelerated Asiana Airlines earnings and yearly bonuses
▪ Re-issued as a Visa Signature product: September 2016; rates and fees as of December 2016

10. Barclaycard US
JetBlue World MasterCard
▪ 3 points per $1 on JetBlue purchases
▪ 2 points per $1 at restaurants and grocery stores
▪ 1 point per $1 on all other purchases
▪ 0% APR on balance transfers for 12 months
▪ 12.24%, 20.24% or 25.24% purchase and balance transfer APR thereafter
▪ No annual fee
▪ 5,000 bonus points after spending $1,000 in first 90 days
▪ Standout feature: accelerated JetBlue and restaurant and grocery store
earnings
▪ Introduced: April 2016 (previously available from American Express); rates and fees
as of December 2016

11. Capital One
Venture Rewards Card
▪ 2 miles per $1 on all purchases
▪ 13.24%, 18.24% or 23.24% purchase and balance transfer APR
▪ $59 annual fee (waived for first year)
▪ No foreign transaction fees
▪ 40,000 bonus miles after spending $3,000 in first three months
▪ Standout feature: no foreign transaction fees
▪ Re-issued as a World Elite MasterCard product: December 2016; rates and
fees as of December 2016

12. Capital One
Quicksilver Rewards Card
▪ 1.5% cash back on all purchases
▪ 0% APR on purchases and balance transfers for 9 months
▪ 13.24%, 18.24% or 23.24% purchase and balance transfer APR thereafter
▪ No annual fee
▪ No foreign transaction fees
▪ $100 cashback bonus after spending $500 in first three months
▪ Standout feature: no foreign transaction fees
▪ Re-issued as a World Elite MasterCard product: December 2016; rates and
fees as of December 2016

13. Chase
AARP Credit Card from Chase
▪ 3% cash back at restaurants and gas stations
▪ 1% cash back on all other purchases
▪ 0% APR on purchases and balance transfers for 12 months
▪ 16.49% - 23.24% purchase and balance transfer APR thereafter
▪ No annual fee
▪ $100 cashback bonus after spending $500 in first three months
▪ Standout feature: restaurant and gas station earnings
▪ Introduced: April 2016; rates and fees as of December 2016

14. Chase
Chase Freedom Unlimited Card
▪ 1.5% cash back on all purchases
▪ 0% APR on purchases and balance transfers for 15 months
▪ 14.24%, 19.24% or 23.24% purchase and balance transfer APR thereafter
▪ No annual fee
▪ $150 cashback bonus after spending $500 in the first three months
▪ $25 cashback bonus after adding an authorized user and making a purchase
in the first three months
▪ Standout feature: 1.5% cash back on all purchases
▪ Introduced: April 2016; rates and fees as of December 2016

15. Chase
Chase Sapphire Reserve Card
▪ 3 points per $1 on travel and dining
▪ 1 point per $1 on all other purchases
▪ 16.24% - 23.24% purchase and balance transfer APR
▪ $450 annual fee
▪ 100,000 bonus points after spending $4,000 in first three months
▪ $300 annual travel credit
▪ No foreign transaction fees
▪ Standout feature: 100,000 bonus point initial spend offer
▪ Introduced: August 2016; rates and fees as of December 2016

16. Citicards
Costco Anywhere Visa Card by Citi
▪ 4% cash back on gas and Costco gas (up to $7,000/year; then 1%)
▪ 3% cash back on travel and at restaurants
▪ 2% cash back at Costco
▪ 1% cash back on all other purchases
▪ 0% APR on purchases for seven months
▪ 15.49% purchase and balance transfer APR thereafter
▪ No annual fee (with paid Costco membership)
▪ Standout feature: 4% cash back on gas
▪ Introduced: June 2016 (previously available from American Express); rates and fees
as of December 2016

17. Citicards
AT&T Access Card
▪ 2 points per $1 online at retail and travel websites
▪ 2 points per $1 on products and services purchased directly from AT&T
▪ 1 point per $1 on all other purchases
▪ 14.24% - 23.24% purchase and balance transfer APR
▪ No annual fee
▪ 10,000 bonus points after spending $1,000 in first three months
▪ Standout feature: accelerated earnings at AT&T and on online retail and
travel purchases
▪ Re-issued: September 2016 (reported as removed in March 2016); rates and
fees as of December 2016

18. Discover
Discover it Chrome Card
▪ 2% cash back on gas and at restaurants (up to $1,000/quarter)
▪ 1% cash back on all other purchases
▪ 0% APR on purchases and balance transfers for 14 months
▪ 11.24% - 23.24% purchase and balance transfer APR thereafter
▪ No annual fee
▪ Cash back earned through the first year is doubled
▪ Standout feature: cash back earned through the first year is doubled
▪ Re-released: January 2016; rates and fees as of December 2016

19. Discover
Discover it for Students Card
▪ 5% cash back on rotating quarterly categories (up to $1,500)
▪ 1% cash back on all other purchases
▪ 0% APR on purchases for six months
▪ 10.99% APR on balance transfers for six months
▪ 13.24% - 22.24% purchase and balance transfer APR thereafter
▪ No annual fee
▪ $20 cash back each school year with a GPA of 3.0 or higher for up to five years
▪ Cash back earned through the first year is doubled
▪ Standout feature: cashback rewards for good grades
▪ Introduced: January 2016; rates and fees as of December 2016

20. PNC Bank
PNC Premier Traveler Visa Signature
▪ 2 miles per $1 on all purchases
▪ 0% APR on balance transfers for 12 months
▪ 16.49% purchase and balance transfer APR thereafter
▪ $85 annual fee (waived for first year)
▪ No foreign transaction fees
▪ 30,000 bonus miles after spending $3,000 in first three months
▪ Standout feature: no foreign transaction fees
▪ Introduced: May 2016; rates and fees as of December 2016

21. U.S. Bank
Cash 365 American Express Card
▪ 1.5% cash back on all purchases
▪ 0% APR on balance transfers for 12 months
▪ 13.49% - 23.49% purchase and balance transfer APR thereafter
▪ No annual fee
▪ $100 customer relationship bonus to card holders with existing U.S. Bank
relationships who spend $500 in first 90 days
▪ Standout feature: 1.5% cash back on all purchases
▪ Introduced: June 2016; rates and fees as of December 2016

22. U.S. Bank
Club Carlson Rewards Visa Card
▪ 3 points per $1 at Carlson Rezidor hotels
▪ 1 point per $1 on all other purchases
▪ 23.49% purchase and balance transfer APR
▪ No annual fee
▪ 30,000 Bonus Gold Points after spending $1,000 in first 90 days
▪ One free night stay after spending $10,000 each year
▪ Standout feature: accelerated earnings at Carlson Rezidor hotels
▪ Introduced: November 2016; rates and fees as of December 2016

23. U.S. Bank
FlexPerks Gold American Express Card
▪ 3 points per $1 at restaurants
▪ 2 points per $1 at gas stations and airlines
▪ 1 point per $1 on all other purchases
▪ 14.49% - 24.49% purchase and balance transfer APR
▪ $85 annual fee
▪ No foreign transaction fees
▪ 30,000 bonus points after spending $2,000 in first four months
▪ Statement credit reimbursement for TSA PreCheck or Global Entry programs
▪ Standout feature: accelerated earnings at restaurants, gas stations and airlines
▪ Introduced: June 2016; rates and fees as of December 2016

24. USAA
Cash Rewards Visa Signature
▪ 1.25% cash back on all purchases
▪ 10.15% - 26.15% purchase and balance transfer APR
▪ No annual fee
▪ No foreign transaction fees
▪ Standout feature: no foreign transaction fees
▪ Re-issued as a Visa Signature product: February 2016; rates and fees as of
December 2016

25. USAA
Preferred Cash Rewards Visa Signature
▪ 1.5% cash back on all purchases
▪ 12.15% - 26.15% purchase and balance transfer APR
▪ No annual fee
▪ No foreign transaction fees
▪ Standout feature: 1.5% cash back on all purchases
▪ Re-issued as a Visa Signature product: February 2016; rates and fees as of
December 2016

26. USAA
Rewards Visa Signature
▪ 1 point per $1 on all purchases
▪ 10.15% - 26.15% purchase and balance transfer APR
▪ No annual fee
▪ No foreign transaction fees
▪ 2,500 bonus points after first purchase
▪ Standout feature: no foreign transaction fees
▪ Re-issued as a Visa Signature product: February 2016; rates and fees as of
December 2016

27. Wells Fargo
Wells Fargo Cash Wise Visa Card
▪ 1.5% cash back on all purchases
▪ 0% APR on purchases and balance transfers for 15 months
▪ 13.49% - 25.49% purchase and balance transfer APR thereafter
▪ No annual fee
▪ $150 cashback bonus after spending $1,000 in first three months
▪ 1.8% cash back on purchases made with Android Pay or Apple Pay in first 12
months
▪ Standout feature: accelerated earnings from purchases made with
digital wallets for first year
▪ Introduced: June 2016; rates and fees as of December 2016

28. Wells Fargo
Wells Fargo Propel American Express Card
▪ 3 points per $1 at gas stations
▪ 2 points per $1 at restaurants
▪ 1 point per $1 on all other purchases
▪ 0% APR on purchases and balance transfers for 15 months
▪ 13.49% - 25.49% purchase and balance transfer APR thereafter
▪ No annual fee
▪ 10% point bonus each year with a Wells Fargo checking or savings account
▪ Standout feature: accelerated earnings at gas stations and restaurants
▪ Introduced: December 2015; rates and fees as of December 2016

29. Digital Payment Services

30. Noteworthy Changes
▪ Android Pay – Chase cards compatible as of September 2016
▪ Apple Pay – No changes
▪ Samsung Pay – USAA cards compatible as of November 2016;
Capital One cards compatible as of December 2016

31. New Digital Payment Services
▪ Chase Pay (originally announced in October 2015) – Starting in
November 2016, Chase customers can download and pay with the
new, standalone Chase Pay app
▪ Microsoft Wallet (originally announced in August 2016) – Bank of
America, PNC Bank and U.S. Bank cards are currently compatible
▪ Walmart Pay (originally announced in July 2016) – Available with
Discover cards starting in August 2016
▪ Wells Fargo Wallet (originally announced in May 2016) –Starting
in August 2016, customers with the Wells Fargo mobile app for
Android devices can use this service

32. Mobile Wallet Summary
Firm Android Pay Apple Pay Microsoft Wallet Samsung Pay
American Express   No 
Bank of America    
Barclaycard US No  No No
Capital One Coming Soon  No 
Chase   Coming Soon 
Citicards   No 
Discover   No 
PNC    
U.S. Bank    
USAA   No 
Wells Fargo   No 

33. Removed Cards

34. Removed Cards Summary
Firm Cards
Bank of America Alaska Airlines Preferred Visa Card
Asiana American Express Card
AAA Rewards Credit Card
Barclaycard US Barclaycard Arrival World MasterCard
Barclaycard Rewards Card
Barclaycard Ring MasterCard
Barnes & Noble MasterCard
L.L. Bean Visa Card
RCI Elite Rewards MasterCard
Williams-Sonoma Visa Signature
Capital One PlayStation Card
Sony Card

35. Removed Cards Summary
Firm Cards
Citicards AT&T Access More Card
U.S. Bank LifeMiles Visa Card
LifeMiles Visa Signature Card
USAA Cash Rewards Visa Card
Classic Platinum MasterCard
Rate Advantage Platinum MasterCard
USAA Rewards Visa Card
Wells Fargo Cash Back Visa Card
Cash Back Visa Signature Card
Propel World American Express Card

36. Service Overview and
Contact Information

37. Credit Card Monitor
▪ Credit Card Monitor (CCM) was launched in 2001 and focuses on
the online user experience that leading credit card issuers provide
card holders and prospects
▪ Using actual accounts, CCM gives a firsthand look at current online
capabilities, including client account information, transaction
resources, interactive tools, customer service and account
documents
▪ CCM follows the card products and services offered by competitors
across the credit card industry, providing an up-close view of what
other firms are doing to attract new clients

38. Contact Us
Meredith Barthold
Senior Research Associate – Banking and Credit Cards
(646) 929-5151
mbarthold@corporateinsight.com