U.S. Bank Expands Card Rewards to Put EV Charging Transactions on Par With Gas
January 10 2022 - 1:00PM
Business Wire
Cardmembers who receive points for gas
station purchases can now earn up to 4x points or 4% cash back for
EV charging
U.S. Bank wants to make sure
all drivers – regardless of what they drive – are rewarded for
their purchases. That is why U.S. Bank has expanded the rewards on
its business and consumer credit cards that reward cardmembers for
gas station purchases to include equal rewards for electric vehicle
(EV) charging transactions.
While many EV owners charge
their vehicles at home, there are times on longer trips where they
may use a public charging station. Cardmembers can now earn up to
4x points or 4% cash back for their EV charging transactions,
depending on the terms and conditions of the rewards offered when
using their cards for gas station purchases.
“We have expanded our card rewards to put EV charging
transactions on par with gas,” said Steve Mattics, head of U.S.
Bank Retail Payment Solutions. “We are continuously evaluating our
credit card offerings to ensure we provide meaningful rewards to
our customers, and as options for fueling vehicles expand from gas
to a mix of gas and electric charging, we are making sure that our
cards follow our customers’ needs and preferences.”
Mattics noted that, as an
example, the U.S. Bank Altitude Connect® Visa Signature® Card
provides cardmembers with 4X points for purchases at gas stations.
Using this same card, cardmembers can now earn the same point value
for their EV charges.
The United States has approximately 45,000 public EV charging
stations, according to the U.S. Department of Energy.
About U.S. Bank U.S. Bancorp, with nearly 70,000
employees and $567 billion in assets as of September 30, 2021, is
the parent company of U.S. Bank National Association. The
Minneapolis-based company serves millions of customers locally,
nationally and globally through a diversified mix of businesses:
Consumer and Business Banking; Payment Services; Corporate &
Commercial Banking; and Wealth Management and Investment Services.
The company has been recognized for its approach to digital
innovation, social responsibility, and customer service, including
being named one of the 2021 World’s Most Ethical Companies and
Fortune’s most admired superregional bank. Learn more at
usbank.com/about.
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version on businesswire.com: https://www.businesswire.com/news/home/20220110005791/en/
Evan Lapiska, U.S. Bank Public Affairs & Communications
evan.lapiska@usbank.com | 612-303-9122
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