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Truist Financial review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Truist Financial's Enjoy Cash card suits US spenders who drive and shop for groceries, since its rewards pay 3% gas, 2% groceries and utilities, 1% other on the spending most households do anyway. The trade-off is 19.24% to 28.24% interest, so a carried balance is expensive and the group is US only.

Key facts

Best for
A fee-free cashback card for US drivers and grocery spenders who clear the balance each month.
Annual fee
$0↗
APR
19.24% to 28.24%↗
Currency conversion fee
0%↗
Rewards type
Cashback↗
Rewards rate
3% gas, 2% groceries and utilities, 1% other↗
Balance transfer intro period
12 months↗
Balance transfer fee
3%↗
Credit needed
Good↗
Card kind
Credit↗
Legal entity
Truist Bank↗
Headquarters
United States↗
Founded
2019↗
Support channels
Phone, Help-centre↗
Pricing model
No annual fee
Features
Rewards
Audience
Students
Official website
truist.com

Loans

Loan amount
$5,000 to $100,000↗
Term
24 to 240 months↗
Arrangement fee
$0 (no origination fees)↗
Credit check
Hard↗
Funding time
Same-day funding by wire transfer if approved and steps completed before 2:30 pm ET, or schedule within 30 days of approval↗
Representative example
Monthly payments for a $10,000 loan at 7.49% APR with a term of 3 years would result in 36 monthly payments of $311.02↗
Rate type
Variable↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
18 or older, good-to-excellent credit, sufficient income and assets; US applicants funding from a personal US bank account↗
Origination fee (%)
0%↗
Loan types
Personal, Debt-consolidation↗
Use cases
Home-improvement↗

Savings

Headline rate
0.01%↗
Minimum deposit
$50↗
Deposit protection
FDIC up to USD 250,000↗
Access terms
6 withdrawals and transfers per statement cycle, then $5 per withdrawal↗
Monthly fee
$12↗
Account kind
Easy access↗

Debit cards

Card type
Debit↗
Card network
Visa↗

Mortgages

Purpose
Purchase, Remortgage, First-time-buyer↗

Facts checked September 26, 2026, 12 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaX

Pros and cons

Pros

  • Rewards of 3% gas, 2% groceries and utilities, 1% other hit fuel and groceries rather than travel, and they are paid as cashback.
  • Loans come with origination fees of $0 (no origination fees) and free early repayment, so clearing a balance early costs nothing.
  • Deposits carry FDIC up to USD 250,000 through Truist Bank.

Cons

  • Interest of 19.24% to 28.24% makes a carried balance the expensive part of a card whose annual fee is $0.
  • Savings pay a variable headline rate of 0.01% and need $50 to open, so cash sitting there earns little.
  • Applications use a hard credit check and applicants are asked for good credit.
Truist Financial

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Scored 8.7 / 10 by SumCue.

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Who it suits

  • US drivers and grocery shoppers who pay the card off in full, since 19.24% to 28.24% interest punishes anything else.
  • People keeping savings at a US bank who want FDIC up to USD 250,000 behind the balance.
  • Anyone wanting a easy access savings account for a short stop rather than a term deposit.

Who should look elsewhere

  • Not for carrying a balance month to month: Wise has an annual fee of £0, so plain fee-free spending costs less than 19.24% to 28.24% interest.
  • Not for applicants with no credit history yet: Varo Believe Secured Credit Card carries an APR of 0%, while this card asks for good credit.
  • Not for euro spenders: bunq has an annual fee of €0, while this group is headquartered in the United States and priced in US dollars.

How it compares on our data

On annual fee it sits at 1 out of 312 brands, and on currency conversion fee at 1 out of 186. Both measures are fees on the card, and both put it at the free end of the field on this data, which is where its value sits.

How Truist Financial compares

Where Truist Financial is available

Available
United States
Licence in United States
FDIC (FDIC cert 9846), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the Truist card cost to hold and spend on?+

The annual fee is $0 and the currency conversion fee is 0%, so holding it and spending abroad carry no fees. Interest is the exception: the APR is 19.24% to 28.24%, which applies to any balance left on the card.

How does the cashback work?+

Rewards run at 3% gas, 2% groceries and utilities, 1% other, paid as cashback rather than points or miles. Because the annual fee is $0, the categories that pay most are worth concentrating spending on, and a points scheme would tie the reward to a partner programme instead.

Is there a balance transfer offer?+

Transfers carry a fee of 3% during the first 12. That intro window lowers the cost of shifting an old balance onto the card, though the standard APR of 19.24% to 28.24% still applies to whatever is left afterwards.

Is the money protected?+

Savings sit with Truist Bank, a US bank, under FDIC cert 9846. Deposit protection runs to FDIC up to USD 250,000, and FDIC is the US regulator named on the licence. Truist One banking and the card sit with the same legal entity.

What rate do savings pay, and can I get at the money?+

It is a easy access account paying a variable headline rate of 0.01%, open with a minimum deposit of $50. Access terms allow a set number of withdrawals and transfers each statement cycle, then charge per withdrawal after that.

Does Truist lend, and on what terms?+

Truist lends from its own book as a direct lender, on amounts of $5,000 to $100,000 across terms of 24 to 240. Origination fees are $0 (no origination fees), early repayment is free, and applications run a hard credit check.

Who is the card aimed at?+

Truist One banking lists students as its audience, so student accounts are part of the offer. Card applicants need good credit; loan applicants need a minimum age, good-to-excellent credit and enough income, funding from a personal US bank account if they are in the US.

What support is there?+

Support runs on phone and help centre. For a card that costs $0 to hold, the questions that come up are fees, rewards categories and balance transfers, and both a phone line and a help centre sit behind them. Truist Bank is the legal entity behind the account.

Do people commonly lose money on products like this?+

Losses here sit at a median of 70.15%, with 65.75% to 74.5% covering the middle of the range and 40.3% to 88% the spread. A card with an annual fee of $0 removes the fee side of that risk.

Sources

Compiled from 13 source pages, checked September 26, 2026. We did not open an account.

Truist Financial

Truist Financial

A fee-free cashback card for US drivers and grocery spenders who clear the balance each month.

8.7/10See alternatives