Stearns Bank Launches New Credit Card Offers and New High-Earning Online Account Options
Posted on: Nov 29, 2023
New accounts provide fast, online access
St. Cloud, Minn. (November 29, 2023) – Stearns Bank N.A. is offering new credit cards including three unique options for consumers, businesses and nonprofits.1
In addition, online bank account opening is faster and easier. New customers can click through just a few screens and immediately open an account and transfer funds to start earning more on their money.
The business credit cards include even more high-value benefits in the following options: Platinum, Platinum Payback, Platinum Preferred, World Elite and World Elite Plus.
All new credit card accounts include a 0% introductory annual percentage rate (APR) for 6 months on purchases, balance transfers and cash advances.2
Stearns Bank’s new Platinum Payback earns annual 1% cash back on all qualifying purchases, as well as up to 5% cash back while shopping online with nearly 400 retailers via the Everywhere Rewards website.3 The Platinum Preferred card allows for points to be earned on everyday purchases redeemable for airfare, merchandise and gift card rewards. Additionally, new card holders have the opportunity to earn 5x reward points on qualifying everyday purchases while shopping online on the Everywhere Rewards website. The Platinum Preferred card also includes identity theft resolution services, travel accident insurance, baggage delay and lost luggage protection.3
New Business Platinum Preferred, World Elite, and World Elite Plus cardholders can earn 25,000 bonus reward points after spending at least $3,000 on purchases within the first 90 days of card activation.4
These credit cards also include:
- Mastercard ID Theft Protection
- Mastercard Zero Liability Protection
- 24/7 Mastercard Global Services
- Mastercard Receipt Management
- And more
“We stay connected with our customers and continually upgrade our offerings to maximize their benefits and make their account opening easier and faster. We are thrilled to offer these new credit cards, and new customers will love how fast and easy it is for them to open their account online to start earning higher interest immediately,” said Kelly Skalicky, President & CEO of Stearns Bank N.A. “Our customers are our priority — and we are laser focused on delivering increased benefits with more convenience. benefits for our customers and speed and ease of opening new accounts. At Stearns Bank, our customers win!”
1 Contact our Nonprofit Banking Specialists at 800-320-7262 to apply for a Nonprofit Credit Card.
2 0% introductory APR for the first 6 months on purchases, balance transfers and cash advances from the date of opening. After that, the variable rate will be 18.24% to 21.74% for purchases and balance transfers, and 21.74% to 25.24% for cash advances, based on your creditworthiness. There is a balance transfer fee of either $10 or 4% of the amount of each transfer, whichever is greater. A cash advance fee of either $10 or 5% of the cash advance, whichever is greater. Some balance transfer limitations apply. Foreign transaction fees may apply, see terms and conditions for rate, fee and other cost information. Annual fees are as follows: Platinum products - $0; World Elite - $29 per card; World Elite Plus - $249 and $49 for each additional card. Offer may be withdrawn at any time.
3 Platinum Preferred Reward Points expire after 3 years. Platinum Payback Cash Back is redeemable online at any time, provided that the amount of the Cash Back earned is at least $25.00. Rewards are subject to certain restrictions and exclusions. See complete Rewards Program Rules included with your card and Cardholder Agreement.
4 Cardholders should read the Guide to Benefits they receive with their credit card for a full and detailed description of benefits, terms and conditions.
About Stearns Bank N.A.
Minnesota-based Stearns Bank National Association is a $2.2 billion, independently owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide. Recognized as having a bullet-proof balance sheet with 25% capital and earning top rankings as one of the nation’s highest-performing banks by American Banker, and most recently ranked fourth in the U.S. among banks having more than $1 billion in assets by Independent Banker’s 2023 Best of the Best ranking of banks with the highest 3-year average Return on Assets, Stearns Bank specializes in nationwide affordable housing, workforce and multifamily housing, commercial construction lending, build-to-suit and CRE-repositioning lending, family office and lender financing, USDA and SBA lending, and small business and equipment financing. As a national leader for nonprofits, Stearns Bank offers its customized suite of Nonprofit Banking Solutions specially designed to empower nonprofit organizations across the country. Driven by a passion to help others achieve their greatest ambitions, Stearns Bank’s mission is to Get the Job Done! For more information, visit StearnsBank.com.