U.S. Bancorp Plans to Offer American Express Credit Cards

U.S. Bancorp (USB), the nation’s biggest regional lender by assets, is partnering with American Express Co. (AXP) to offer credit cards accepted on AmEx’s network.

American Express, the largest credit-card issuer by customer purchases, will help design programs for customers of Minneapolis-based U.S. Bancorp beginning in the second half of 2014, the Minneapolis-based lender said today in a statement.

“The American Express network provides a combination of benefits and services that many of our customers want,” Pam Joseph, vice chairman of U.S. Bancorp, said in the statement.

Wells Fargo & Co., the largest U.S. mortgage lender, said in August it teamed up with New York-based American Express to begin a similar card program in select U.S. markets this year, before offering all customers a full plan starting in the first half of 2014.

To contact the reporter on this story: Elizabeth Dexheimer in New York at edexheimer@bloomberg.net

To contact the editor responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net

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