Bank of America Corp (NYSE: BAC) and Capital One Financial (NYSE: COF) were ranked as being the most up-front about fees and rewards on their credit cards, according to a study by credit card research group CardHub.
Capital One and Bank of America ranked highest among 10 issuers in clarity on their applications, with scores of 96.4% and 95% respectively. The cards were ranked on a scale of 1 through 10 for their clarity in rewards, annual fees, costs to carry a balance, and costs to make a balance transfer.
U.S. Bank bottomed out the list with a ranking of 59.3%. “We believe that we have built a site that is easy to use and provides our customers clear and accurate information for them to make informed choices,” a U.S. Bank spokesman said. But “U.S. Bank values feedback from consumers and members of the Web community, and will consider CardHub’s viewpoint in ongoing reviews of our Web channel.”
Shares of Capital One Financial (NYSE: COF) traded down 2% on Wednesday during mid-day trading hitting $40.69. Shares of Bank of America Corp (NYSE: BAC) traded down 1.54% on Wednesday hitting $13.42 during mid-day trading.
Bank of America Corporation is a bank holding company, and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services.
Capital One Financial Corporation (Capital One) is a diversified financial services company, whose banking and non-banking subsidiaries market a variety of financial products and services. Capital One, National Association (CONA), which offers a range of banking products and financial services to consumers, small businesses and commercial clients. T
