TRIO Credit Card from Fifth Third Bank Review

The Verdict: The TRIO® Credit Card from Fifth Third Bank is best for relatively light spenders with good or excellent who want to earn bonus rewards at restaurants, gas stations, grocery stores and drug stores. The TRIO Card offers 2% to 3% “cash” back in those purchase categories, you see, but only on first $1,500 that you spend each quarter. So you can earn a maximum of $45 in bonus rewards every three months, or $180 per year. All other purchases – including those in bonus categories once you’ve crossed the quarterly spending threshold – yield just 1% back. And that’s just the market average for a rewards card.

As a result, you should only plan to use the TRIO Card from Fifth Third Bank for $500 in bonus-category purchases per month. So it’s actually a better complementary card than an everyday workhorse. Fortunately, TRIO is well suited to such a specialized role. There’s no annual fee, which means you won’t need to spend a certain amount to get your money’s worth. Plus, you can qualify for the card’s 10,000 points initial bonus, which requires you to spend $1,000 within 90 days of account opening.

Finally, it’s worth noting that while the TRIO Card does offer a 0% for 12 months on balance transfers, it also has a balance transfer fee of 4% (min $5). So make sure to use a credit card calculator to see if the card is a good fit for you.

Below, you can learn more about the TRIO Credit Card.

The Highlights

• 10,000 points Initial Bonus: If you charge at least $1,000 to your TRIO Credit Card from Fifth Third within 90 days of opening an account, you’ll receive 10,000 bonus points, redeemable for a $100 statement credit. In other words, you’ll earn the equivalent of 10% cash back on your first $1,000 in TRIO Card purchases, if you time things right. The average for an initial bonus is $231.

• Up to 3% Back on Purchases: You will earn 2-3 points per $1 for the first $1,500 that you spend in the following bonus categories each quarter: restaurants, gas, grocery stores and drug stores. More specifically, dining at restaurants yields 3 points per $1, while the other categories give you 2 points per $1. But the overall spending limit is for all of those categories combined.The TRIO Card rewards you with 1 point for each $1 that you spend on all other purchases. And that’s actually a bit below what the average card offering points or miles brings to the table.

• No Annual Fee: TRIO won’t cost you anything just to keep. That not only saves you about $21.65 per year compared to the average card, but also makes TRIO a viable candidate for a secondary role in your spending arsenal. You don’t have to spend a certain amount to get your money’s worth, after all.

The Lowlights

• High Regular APR: The TRIO Card’s regular APR is advertised as a range: 13.99% - 22.99% (V). And you’ll be assigned a specific rate from that range, based on your overall creditworthiness. But in any case, this aspect of the TRIO Mastercard offer doesn’t compare favorably to the rest of the market.People with excellent credit can expect an APR of 17.23%, according to WalletHub’s latest Credit Card Landscape Report. And the average cards for folks with good and fair credit charge around 23.24% and 25.54%, respectively. So despite requiring good or excellent credit for approval, the TRIO Card could charge interest at a rate more befitting someone with limited or fair credit.

Other Things to Consider

• Average Balance Transfer Offer: The TRIO Credit Card offers 0% interest on transferred balances for the first 12 billing cycles your account is open. That’s roughly a month less than the average balance transfer credit card will give you. But the TRIO Card also charges a balance transfer fee equal to 4% of the amount transferred or $5, whichever is more. In contrast, the average balance transfer fee is about 2.55%.

• Rewards Are Earned as Points: The TRIO Card doesn’t actually offer cash back rewards. You actually get points, which can devalue.

• Multiple Redemption Options: You can cash in your points for a statement credit, a deposit into a Fifth Third checking or savings account, or a payment toward a Fifth Third home loan. In any case, your points will be worth a penny apiece.

• Good Credit Required: You need good or excellent credit to get TRIO Mastercard. And we actually recommend a score closer to excellent (700+) for good approval odds. If you’re not sure where you stand, check your latest credit score for free on WalletHub.

Compared to the Competition

If you have good credit or better and want an everyday rewards card, the Trio Card is a solid choice. But it’s not the only good option available. Below, you can see how it compares to some other notable rewards cards.

TRIO® Credit Card from Fifth Third Bank Review Methodology

This TRIO® Credit Card from Fifth Third Bank review is based on WalletHub’s proprietary 100-point credit card rating system. By using a consistent methodology to evaluate the TRIO® Credit Card from Fifth Third Bank and all other cards, WalletHub’s credit card experts make it easy for people to compare their options and find the best credit cards for their needs.

The WalletHub rating system uses 16 key metrics grouped into seven categories: Fees, Rewards, Two-year Cost, Interest Rates, Approval Requirements, Special Features, and Reviews. Each metric has a maximum number of points allocated to it, based on the metric’s importance as determined by our editors. The points are added up to create an overall rating for the TRIO® Credit Card from Fifth Third Bank out of a maximum of 100 points, which is then converted to a 5-point scale.

Ratings for each category reflect how close TRIO Credit Card is to WalletHub’s definition of a 5-star credit card, which is based on market conditions and what we believe are reasonable terms. We compare TRIO Credit Card to that standard to give a numerical approximation of how reasonable and competitive its terms are compared to other cards.

To learn more about how WalletHub rates credit card offers, check out our full credit card review methodology.