U.

S. Bank has launched the U.

S. Bank Split™ World Mastercard®, a new credit card designed to automatically split all purchases into no-fee, no-interest equal monthly payments, offering a novel approach to consumer financing.

The Split Card allows cardholders to use it anywhere Mastercard is accepted, with every purchase automatically divided into a three-month payment plan. This plan comes with no interest charges or annual fees. For larger purchases totaling $100 or more, cardholders have the option to extend the payment period to six or 12 months, incurring a small, fixed monthly plan fee.

Chris Roncari, head of product and experience for consumer and small business payments at U.

S. Bank, stated, “Split Card meets the diverse needs of today’s consumers who are seeking easy and transparent ways to fund purchases of all sizes. 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.”

Cardholders can manage and monitor each purchase plan through a transparent dashboard accessible in the U.

S. Bank Mobile App and online banking. The card operates without an APR or an annual fee and includes Mastercard World benefits such as built-in travel, entertainment, shopping, and protection features. It aims to provide an alternative to traditional Buy Now, Pay Later options by offering a single solution for managing multiple pay-over-time plans, backed by a major bank, which provides consumer protections and the opportunity to build credit.

This introduction follows U.

S. Bank ExtendPay®, which launched in 2021, providing consumer and business cardholders the ability to move eligible transactions to equal monthly payments. The Split Card automates this process for all purchases. The U.

S. Bank Split™ World Mastercard® is available to residents of the United States, with U.

S. Bank National Association serving as the creditor and issuer.

U.

S. Bancorp, the parent company of U.

S. Bank National Association, is headquartered in Minneapolis, with approximately 70,000 employees and $695 billion in assets as of September 30, 2025. The company provides a diversified range of services including consumer banking, business banking, commercial banking, institutional banking, payments, and wealth management.