Fifth Third launches first U.S. ?Duo Card?
Fifth Third Bank has become the first U.S. card issuer to launch a combined debit and credit card.
Its Duo Card allows customers to conduct either credit or debit transactions using the same Duo MasterCard. Customers can choose to make purchases using either a line of credit for the credit option or funds available in their checking account for the debit option. They make the choice at the point of purchase. Customers can also use the card to withdraw money at an ATM.
The card will act just like Fifth Third?s other debit and credit card products, Fifth Third spokeswoman Stephanie Honan said...