First Bank & Trust and Mercury Financial are extending their partnership for the foreseeable future. The new agreement, set to run to 2025, will allow Mercury to expand its digital services, further driving its mission toward greater financial inclusion.
Mercury Financial and First Bank & Trust Extend Partnership to 2025
Mercury Financial is continuing its partnership with First Bank & Trust. The partnership, which has provided credit to nearly one million near-prime consumers since 2017, includes the popular Mercury® Mastercard® and the Free Spirit® Points Mastercard®. The partnership extension with South Dakota’s First Bank & Trust (FB&T) will run through 2025.
The partnership between Mercury and FB&T will continue the shared mission to support customer programs and help deliver credit to deserving Americans in the near-prime segment. FB&T is the issuer behind Mercury’s financial technology platforms. Over the next four years, the partnership model will grow behind Mercury’s expanded digital services and capabilities.
“Delivering Fair and Transparent Financial Products”
“Our partnership with Mercury Financial allows us to diversify and engage with a forward-thinking, entrepreneurial organization, committed to delivering fair and transparent financial products, with worthy benefits for our customers,” said Cal DeJong, president of national products at FB&T, in a press release accompanying the news. “We’ve experienced many triumphs over the last four years, and I’m excited to see what this next chapter will bring, building upon the success of the Mercury credit card program.”
Mercury Financial Credit Cards
The Mercury™ Mastercard® is the partnership’s most successful product to date. The card offers generous credit lines, competitive interest rates, and the chance at basic cash back rewards for some applicants. The card is one of the most competitive credit cards for fair credit on the market.
Mercury and FB&T also issue the Free Spirit® Points Mastercard®. That card, only available by responding to a mail offer, earns points in the Free Spirit frequent flyer program from Spirit Airlines. The Points Mastercard is unique in that it offers an unsecured line of credit and airline miles for fair credit scores. Typically, only good to excellent credit scores are required to open a co-branded airline rewards card.
Related Article: Spirit Airlines and Mercury Financial Launch New Credit Cards