Fifth Third Bank was launched as Bank of Ohio Valley in 1858. Five years later, it was acquired by Third National Bank. In 1908, a merger with Fifth National Bank resulted in the company’s unusual name. Numerous mergers and acquisitions over the years—including the acquisitions of Enterprise Federal Bancorp, Ashland Bankshares and South Florida Bank Holding Corp.—have produced tremendous growth. Fifth Third Bank now boasts well over 1,300 locations across the nation, with more than $940 million in operating revenue. The company provides a wide range of banking and financial services, including investment advice, consumer lending, title insurance and payment processing. It also offers a number of different credit cards.

Rank Chart
APR
Reward Options
Our Score
#1
0 - 23.24%
Yes
7.5
#2
0 - 26.24%
Yes
7.1
#3
6.99 - 10.5%
Yes
6.7
#18
fifth_third_bank
0 - 23.24%
Yes
4.9

The Good

  • Competitive APRs
  • Rewards programs
  • No annual fees
  • No foreign transaction fees
  • Fraud safeguards

Competitive APRs

Depending on the card, Fifth Third Bank offers 0 percent APRs for the first 12 to 15 months. After that, variable APRs range from 12.24 to 23.24 percent*, which is competitive among rates offered by other top companies in the industry.

Rewards Programs

Fifth Third Bank offers a number of rewards programs that provide valuable benefits for customers. Cardholders who participate in these programs can earn points that can be used to pay for dinners, movies, gift cards, and travel expenses. Fifth Third Bank also offers a rewards program that allows participants to earn unlimited cash back for the first 90 days and 2 percent cash back for every dollar spent thereafter on gas and grocery store expenses.

No Annual Fees

Fifth Third Bank does not charge any annual fees, which can save cardholders hundreds of dollars each year.

No Foreign Transaction Fees

Some credit card companies charge a percentage fee for foreign transactions. However, Fifth Third Bank does not, making its cards appealing for frequent travelers.

Fraud Safeguards

Fifth Third Bank does offer fraud protection services such as credit monitoring and identity theft insurance. Unfortunately, these services cost an additional $9.95 to $14.95 per month to enroll in.

The Bad

  • Late payment penalties
  • No free credit score tracking

Late Payment Penalties

Fifth Third Bank charges a fee of up to $35 per late payment.

No Free Credit Score Tracking

As mentioned above, Fifth Third Bank offers fraud protection services for an additional monthly fee and credit score tracking is offered as a part of these services. However, some credit card companies offer monthly credit score tracking to their cardholders at no additional cost.

The Bottom Line

Fifth Third Bank offers competitive APRs, rewards programs, and fraud safeguards. In addition, the company does not charge annual fees or foreign transaction fees. However, Fifth Third Bank does charge a late payment fee and does not offer free credit score tracking to its cardholders.

*Disclaimer: Listed interest rates were accurate as of December 2016 but are subject to change. Actual rates may differ from those listed in our review.

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