Credit Card Product UpdateJanuary2016– July2016MeredithBarthold

July2016

Table of Contents

▪ Background▪ NewCreditCards▪ DigitalPaymentServices▪ RemovedCards▪ ServiceOverviewandContactInformation

Background

Background

▪ Thisslidedeckexaminesnewproductreleasesfrom11creditcardcarriersintheCreditCardMonitor coveragegroupinthefirsthalfof2016

▪ Inside,wehighlightbasicfeeinformation,rewardscriteriaandspecificstandoutfeaturesuniquetoeachcardandincludeachartshowingwhatfirmsfeaturewhichdigitalpaymentservicesfortheirproductofferings

Firms Covered

▪ AmericanExpress▪ BankofAmerica▪ BarclaycardUS▪ CapitalOne▪ Chase▪ Citicards

▪ Discover▪ PNC▪ U.S.Bank▪ USAA▪ WellsFargo

New Credit Cards

Credit Card Product Releases

▪ Firmswithinthecoveragegrouplaunchedatotalof14 newcardsinthefirsthalfof2016thatarecurrentlypromotedonline-Oneisare-release,twowerepreviouslyissuedbyAmericanExpressandthreewerepreviouslyintheMasterCardnetwork

-Allcardsinthisslidedeckhaveafocusonrewards,witheachcreditcardproductreleasedinQ1andQ2providinguserstheabilitytoearnpoints,milesandcashback

Barclaycard USJetBlue World MasterCard

▪ 3pointsper$1onJetBluepurchases▪ 2pointsper$1atrestaurantsandgrocerystores▪ 1pointper$1onallotherpurchases▪ 0%APRonbalancetransfersfor12months▪ 12.24%,20.24%or25.24%purchaseandbalancetransferAPRthereafter▪ Noannualfee▪ 5,000bonuspointsafterspending$1,000infirst90days

▪ Standoutfeature:acceleratedJetBlueandrestaurantandgrocerystoreearnings▪ Introduced:April2016(previouslyavailablefromAmericanExpress);ratesandfeesasofJuly2016

ChaseAARP Credit Card from Chase

▪ 3%cashbackatrestaurantsandgasstations▪ 1%cashbackonallotherpurchases▪ 0%APRonpurchasesandbalancetransfersfor12months▪ 16.49%purchaseandbalancetransferAPRthereafter▪ Noannualfee▪ $100cashbackbonusafterspending$500infirstthreemonths

▪ Standoutfeature:restaurantandgasstationearnings▪ Introduced:April2016;ratesandfeesasofJuly2016

ChaseChase Freedom Unlimited Card

▪ 1.5%cashbackonallpurchases▪ 0%APRonpurchasesandbalancetransfersfor15months▪ 14.24%,19.24%or23.24%purchaseandbalancetransferAPRthereafter▪ Noannualfee▪ $150cashbackbonusafterspending$500inthefirstthreemonths▪ $25cashbackbonusafteraddinganauthorizeduserandmakingapurchaseinthefirstthreemonths

▪ Standoutfeature:1.5%cashbackonallpurchases▪ Introduced:April2016;ratesandfeesasofJuly2016

CiticardsCostco Anywhere Visa Card by Citi

▪ 4%cashbackongasandCostcogas(upto$7,000/year;then1%)▪ 3%cashbackontravelandatrestaurants▪ 2%cashbackatCostco▪ 1%cashbackonallotherpurchases▪ 0%APRonpurchasesforsevenmonths▪ 15.49%purchaseandbalancetransferAPRthereafter▪ Noannualfee(withpaidCostcomembership)

▪ Standoutfeature:4%cashbackongas▪ Introduced:June2016(previouslyofferedbyAmericanExpress);ratesandfeesasofJuly2016

DiscoverDiscover it Chrome Card

▪ 2%cashbackongasandatrestaurants(upto$1,000/quarter)▪ 1%cashbackonallotherpurchases▪ 0%APRonpurchasesandbalancetransfersfor12months▪ 11.24%- 23.24%purchaseandbalancetransferAPRthereafter▪ Noannualfee▪ Cashbackearnedthroughthefirstyearisdoubled

▪ Standoutfeature:cashbackearnedthroughthefirstyearisdoubled▪ Re-released:January2016;ratesandfeesasofJuly2016

DiscoverDiscover it for Students Card

▪ 5%cashbackonrotatingquarterlycategories(upto$1,500)▪ 1%cashbackonallotherpurchases▪ 0%APRonpurchasesforsixmonths▪ 10.99%APRonbalancetransfersforsixmonths▪ 13.24%- 22.24%purchaseandbalancetransferAPRthereafter▪ Noannualfee▪ $20cashbackeachschoolyearwithaGPAof3.0orhigherforuptofiveyears▪ Cashbackearnedthroughthefirstyearisdoubled

▪ Standoutfeature:cashbackrewardsforgoodgrades▪ Introduced:January2016;ratesandfeesasofJuly2016

PNC BankPNC Premier Traveler Visa Signature

▪ 2milesper$1onallpurchases▪ 0%APRonbalancetransfersfor12months▪ 16.24%purchaseandbalancetransferAPRthereafter▪ $85annualfee(waivedforfirstyear)▪ Noforeigntransactionfees▪ 30,000bonusmilesafterspending$3,000infirstthreemonths

▪ Standoutfeature:noforeigntransactionfees▪ Introduced:May2016;ratesandfeesasofJuly2016

U.S. BankCash 365 American Express Card

▪ 1.5%cashbackonallpurchases▪ 0%APRonbalancetransfersfor12months▪ 13.24%- 23.24%purchaseandbalancetransferAPRthereafter▪ Noannualfee▪ $100customerrelationshipbonustocardholderswithexistingU.S.Bankrelationshipsthatspend$500infirst90days

▪ Standoutfeature:1.5%cashbackonallpurchases▪ Introduced:June2016;ratesandfeesasofJuly2016

U.S. BankFlexPerks Gold American Express Card

▪ 3pointsper$1atrestaurants▪ 2pointsper$1atgasstationsandairlines▪ 1pointper$1onallotherpurchases▪ 14.24%- 24.24%purchaseandbalancetransferAPR▪ $85annualfee▪ Noforeigntransactionfees▪ 30,000bonuspointsafterspending$2,000infirstfourmonths▪ StatementcreditreimbursementforTSAPreCheck orGlobalEntryprograms

▪ Standoutfeature:acceleratedearningsatrestaurants,gasstationsandairlines▪ Introduced:June2016;ratesandfeesasofJuly2016

USAACash Rewards Visa Signature

▪ 1.25%cashbackonallpurchases▪ 10.15%- 26.15%purchaseandbalancetransferAPR▪ Noannualfee▪ Noforeigntransactionfees

▪ Standoutfeature:noforeigntransactionfees▪ Re-IssuedasaVisaSignatureProduct:February2016;ratesandfeesasofJuly2016

USAAPreferred Cash Rewards Visa Signature

▪ 1.5%cashbackonallpurchases▪ 12.15%- 26.15%purchaseandbalancetransferAPR▪ Noannualfee▪ Noforeigntransactionfees

▪ Standoutfeature:1.5%cashbackonallpurchases▪ Re-IssuedasaVisaSignatureProduct:February2016;ratesandfeesasofJuly2016

USAARewards Visa Signature

▪ 1pointper$1onallpurchases▪ 10.15%- 26.15%purchaseandbalancetransferAPR▪ Noannualfee▪ Noforeigntransactionfees▪ 2,500bonuspointsafterfirstpurchase

▪ Standoutfeature:noforeigntransactionfees▪ Re-IssuedasaVisaSignatureProduct:February2016;ratesandfeesasofJuly2016

Wells FargoWells Fargo Cash Wise Visa Card

▪ 1.5%cashbackonallpurchases▪ 0%APRonpurchasesandbalancetransfersfor15months▪ 13.24%- 25.24%purchaseandbalancetransferAPRthereafter▪ Noannualfee▪ 1.8%cashbackonpurchasesmadewithAndroidPayorApplePayinfirst12months

▪ Standoutfeature:acceleratedearningsfrompurchasesmadewithdigitalwalletsforfirstyear

▪ Introduced:June2016;ratesandfeesasofJuly2016

Wells FargoWells Fargo Propel American Express Card

▪ 3pointsper$1atgasstations▪ 2pointsper$1atrestaurants▪ 1pointper$1onallotherpurchases▪ 0%APRonpurchasesandbalancetransfersfor15months▪ 13.24%- 25.24%purchaseandbalancetransferAPRthereafter▪ Noannualfee▪ 10%pointbonuseachyearwithaWellsFargocheckingorsavingsaccount

▪ Standoutfeature:acceleratedearningsatgasstationsandrestaurants▪ Introduced:December2015;ratesandfeesasofJuly2016

Digital Payment Services

Mobile Wallet Summary

Firm Android Pay ApplePay Samsung PayAmerican Express Yes Yes YesBankofAmerica Yes Yes YesBarclaycardUS No Yes NoCapitalOne ComingSoon Yes NoChase No Yes YesCiticards Yes Yes YesDiscover Yes Yes YesPNC Yes Yes YesU.S.Bank Yes Yes YesUSAA Yes Yes NoWellsFargo Yes Yes Yes

Removed Cards

Removed Cards Summary

Firm CardsBankofAmerica AlaskaAirlinesPreferredVisaCardCiticards AT&TAccessCard

AT&TAccessMore CardU.S.Bank LifeMiles VisaCard

LifeMiles VisaSignatureCardUSAA CashRewardsVisaCard

Classic PlatinumMasterCardRateAdvantagePlatinumMasterCardUSAARewards VisaCard

WellsFargo CashBackVisaCardCashBackVisaSignatureCardPropel WorldAmericanExpressCard

Barclaycard US – A Firm in Transition

▪ Thoughcustomerscannotcurrentlyapplyforthemonline,thefirmpromotesthefollowingcardsonthepublicsite:BarclaycardArrivalWorldMasterCard,BarclaycardArrivalPlusWorldMasterCardandBarclaycardRingMasterCard

▪ Thefirmdoesnotpromotethefollowingcardsonthepublicsite,thoughtheystillexist:BarclaycardVisawithAppleRewards,FrontierAirlinesWorldMasterCard,Miles&MoreWorldEliteMasterCardandWilliams-SonomaVisaSignature

Service Overview and Contact Information

Credit Card Monitor

▪ CreditCardMonitorwaslaunchedin2001andfocusesontheonlineuserexperiencethatleadingcreditcardissuersprovidecardholdersandprospects

▪ Usingactualaccounts,CreditCardMonitor givesafirsthandlookatcurrentonlinecapabilities,includingclientaccountinformation,transactionresources,interactivetools,customerserviceandaccountdocuments

▪ CreditCardMonitor followsthecardproductsandservicesofferedbycompetitorsacrossthecreditcardindustry,providinganup-closeviewofwhatotherfirmsaredoingtoattractnewclients

Contact Us

MeredithBartholdSeniorResearchAssociate– BankingandCreditCards(646)929-5151mbarthold@corporateinsight.com