MINNEAPOLIS — Whether a driver is filling up on gas or charging their electric vehicle (EV), U.S. Bank wants to make sure they both are rewarded.
The Minneapolis-based bank expanded the rewards on its business and consumer credit cards that reward cardmembers for gas station purchases to include equal rewards for EV charging transactions as gas transactions. Those rewards amount to four times points or 4% cashback, depending on terms and conditions.
“We have expanded our card rewards to put EV charging transactions on par with gas,” said Steve Mattics, head of U.S. Bank Retail Payment Solutions. “We are continuously evaluating our credit card offerings to ensure we provide meaningful rewards to our customers, and as options for fueling vehicles expand from gas to a mix of gas and electric charging, we are making sure that our cards follow our customers’ needs and preferences.”
The United States has approximately 45,000 public EV charging stations, U.S. Bank said, citing the U.S. Department of Energy (DOE).
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