Bancorp Bank is one of the major credit and debit card issuers in the US. The bank is owned by The Bancorp, Inc. and insured under FDIC. It offers a wide range of financial products and services, including cards – more specifically, Bancorp Bank offers private-label banking and technology solutions. That’s why you will find several debit and credit cards issued and managed by the bank.
Most Popular Cards Issued by The Bancorp Bank
Bancorp Bank issues and manages debit and credit cards for many financial companies. Some of these cards are quite popular among consumers. Here are some of the most popular cards issued by the Bancorp Bank.
NorthOne Business Card. NorthOne offers a business bank account and a business debit card for small and medium businesses. The account has a monthly fee and offers 1 month free. As we as it has no minimum balance requirements, real human support, and full compatibility with multiple accounting and business apps. See the NorthOne Business Debit Card page for more details.
Chime Secured Card. Chime delivers 2 card offers issued and managed by Bancorp Bank – Chime Credit Builder Card and Chime Visa Debit Card. The Chime Credit Builder Visa Credit Card is perfect for people looking for an easy-to-apply card that can provide them with the ability to improve their credit score. It sends reports to all three major credit bureaus helping cardholders to improve their scores consistently. While it comes with no annual fees, interest rates, and no credit check to apply, you will need to deposit $200 into a Chime Spending Account to qualify for a card application. See the Chime Secured Visa page for more details.
Chime Visa Card. A Chime Visa Debit Card is great for people who want to build healthy spending habits. The card comes with no activation, monthly, or maintenance fees. Direct deposits are free, and applying for the card doesn’t trigger credit checks. Overdraft is available, but it comes with a limit which is great for people who want to avoid paying high fees. See the Chime Visa Debit Card page for more details.
SoFi World Elite Card. SoFi Credit Card is another popular product issued and managed by Bancorp Bank. It’s perfect for consumers who look for credit cards with a reward program. In fact, this card will enable you to earn 3% cash back when directly depositing with SoFi. Additionally, you can earn 2% cash back on purchases if you redeem them toward paying down loans, investing, or saving with SoFi. See the SoFi World Elite Mastercard page for more details.
SoFi Money World Debit Card. Sofi debit card is popular for its free checking and savings account. The package offers up to $325 bonus cash back and high APY on savings. It is easy to apply online and there are no credit or employment verification requirements. In addition, all ATM fees are fully reimbursed. See the SoFi Money World Debit Mastercard page for more details.
Stilt Debit Card. Stilt is famous for offering instant bank account with debit Mastercard even for those with no SSN. There are Zero fees – No overdraft fee and No NSF Fee. Moreover, with the Stilt personal loan, you can start building your credit. See Stilt Debit Mastercard page for more details.
The Bancorp Bank Cards Are Best for
- Fintech companies interested in issuing credit and debit cards;
- No-bank financial services companies interested in issuing credit and debit cards;
- Individuals seeking credit and debit cards that are issued and managed by a trustworthy and reputable bank.
As we already mentioned, The Bancorp Bank specializes in providing private-label banking solutions, including prepaid card-issuing sponsorship. It enables non-bank financial institutions and fintech companies to offer their clients access to debit and credit cards while providing all the banking services in the background. The most noteworthy companies that use Bancorp Bank’s services to issue cards to clients include Chime, SoFi, PayPal, and PEX.
What Makes The Bancorp Bank Different
While many banks offer program sponsorship to fintech and no-bank financial services companies, Bancorp Bank continues to be the leader in the field. In fact, this bank is the number one issuer of prepaid cards and the 7th largest issuer of debit cards in the US overall. Here is what makes cards issued by Bancorp Bank different from the competition.
First, we have to address the reliability of the cards the bank issues. Over 20 years of experience in the program sponsorship niche make Bancorp Bank a pioneer in providing this service. Their staff has the knowledge and expertise to offer great issuance capabilities. Their services are available 24/7/365, ensuring the best experience for their clients’ card holders.
Bancorp Bank uses industry-grade security solutions to minimize the risk of fraudulent charges. It enables clients to cancel and freeze cards to protect their clients’ finances. Additionally, the bank is devoted to remaining compliant while regularly offering new risk programs to its clients. Cardholders of cards issued by Bancorp Bank can benefit from fast deposits and fund transfers. The bank has developed the Rapid Funds Transfer platform internally. It enables the cardholders to deposit funds on their cards in real-time.
Finally, the bank offers unparalleled support services to its clients. It benefits cardholders directly because they can access these services through the company they got the card from. Whether you are a Chime or SoFi cardholder, you will still be able to benefit from the stellar customer support practices.
Comparisons and Reviews
We’ve intentionally listed different cards issued by Bancorp Bank to help you understand how diverse services the bank offers. While the credit cards carry the names of other financial companies, the Bancorp Bank does everything in the background. When you know that the card is issued and operated by one of the best banks in the US, you can rest assured that you are placing your cash into trustworthy hands.