Bloomberg News

U.S. Bancorp to Offer American Express Credit Cards Next Year

November 20, 2013

U.S. Bancorp (USB:US), the nation’s biggest regional lender by assets, is partnering with American Express Co. (AXP:US) to offer credit cards accepted on AmEx’s network.

American Express, the largest credit-card issuer by customer purchases, will help design programs for customers of Minneapolis-based U.S. Bancorp beginning in the second half of 2014, the Minneapolis-based lender said today in a statement.

“The American Express network provides a combination of benefits and services that many of our customers want,” Pam Joseph, vice chairman of U.S. Bancorp, said in the statement.

Wells Fargo & Co., the largest U.S. mortgage lender, said in August it teamed up with New York-based American Express to begin a similar card program in select U.S. markets this year, before offering all customers a full plan starting in the first half of 2014.

To contact the reporter on this story: Elizabeth Dexheimer in New York at edexheimer@bloomberg.net

To contact the editor responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net


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Companies Mentioned

  • USB
    (US Bancorp/MN)
    • $45.2 USD
    • -0.14
    • -0.31%
  • AXP
    (American Express Co)
    • $92.9 USD
    • -0.27
    • -0.29%
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