U.S. Bank has unveiled the U.S. Bank Split™ World Mastercard, a new credit card designed to simplify how consumers manage purchases through automatic no-fee, no-interest monthly payments. Unlike standard Buy Now, Pay Later (BNPL) programs, the U.S. Bank Split Card brings everything under one roof, letting users manage several installment plans through a single account. Backed by a major bank, the card offers users an added sense of security and peace of mind.
It can be used anywhere Mastercard is accepted, whether shopping online or in person. Every purchase is automatically split into three monthly payments, with no interest or annual fee. For bigger buys, customers can stretch payments over six or twelve months for a small, fixed monthly fee. This flexibility allows users to better manage expenses of varying sizes without worrying about accumulating debt or surprise charges.
“Split Card meets the diverse needs of today’s consumers who are seeking easy and transparent ways to fund purchases of all sizes,” said Chris Roncari, head of product and experience for consumer and small business payments at U.S. Bank. “Split Card has elements of a typical card but is far from a typical credit card with its budgeting control and interest-free option. We expect Split Card will be a top choice for Gen Z consumers, and many others, who desire the broad scale usability, simplicity, and protections of a credit card but also need the financial consistency of equal monthly payments.”
Through the U.S. Bank Mobile App and online banking, cardholders can monitor and manage their payment plans using a clear and intuitive dashboard. The card carries no APR or annual fee and includes Mastercard World benefits, such as built-in travel, entertainment, shopping, and protection perks. The U.S. Bank Split Card follows the 2021 introduction of U.S. Bank ExtendPay, which allowed customers to convert eligible transactions into equal monthly payments. With Split Card, this process happens automatically, turning every purchase into a structured three-month plan with no additional steps required.