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Truist Financial review

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

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Our verdict

Truist Financial pairs a credit card with an annual fee of $0 and a currency conversion fee of 0%, so costs stay low for anyone who spends abroad or moves a balance. It suits people with good credit who want cashback on everyday spending.

Key facts

Best for
A cashback card with an annual fee of $0 plus a balance transfer offer.
Annual fee
$0 (Source, checked September 26, 2026)
APR
19.24% to 28.24% (Source, checked September 26, 2026)
Currency conversion fee
0% (Source, checked September 26, 2026)
Rewards type
Cashback (Source, checked September 26, 2026)
Rewards rate
3% gas, 2% groceries and utilities, 1% other (Source, checked September 26, 2026)
Balance transfer intro period
12 months (Source, checked September 26, 2026)
Balance transfer fee
3% (Source, checked September 26, 2026)
Credit needed
Good (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
Truist Bank (Source, checked September 26, 2026)
Headquarters
United States (Source, checked September 26, 2026)
Pricing model
No annual fee
Features
Rewards
Audience
Students
Official website
truist.com

Debit cards

Monthly fee
$12 (Source, checked September 26, 2026)
Currency conversion fee
0% (Source, checked September 26, 2026)
Card type
Debit (Source, checked September 26, 2026)
Card network
Visa (Source, checked September 26, 2026)
Legal entity
Truist Bank (Source, checked September 26, 2026)
Headquarters
United States (Source, checked September 26, 2026)
Features
Rewards
Audience
Students

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaX

Pros and cons

Pros

  • An annual fee of $0 and a currency conversion fee of 0% on the credit card.
  • Cashback of 3% gas, 2% groceries and utilities, 1% other, paid as cashback rather than points.
  • A balance transfer offer with a fee of 3% and an intro period of 12.
  • An FDIC licence for Truist Bank, recorded as FDIC cert 9846.

Cons

  • The debit card comes with a monthly fee of $12.
  • Borrowing costs run high, with an APR of 19.24% to 28.24% while the site median is 20.97%.
  • Cashback pays above the base rate only in the categories listed in 3% gas, 2% groceries and utilities, 1% other.
Truist Financial

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Scored 9.0 / 10 by DebitCue.

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Who it suits

  • People with good credit who want cashback without paying an annual fee.
  • Students, since the listed audience is student.
  • Anyone who spends in other currencies, given the conversion fee of 0%.

Who should look elsewhere

  • Varo Believe Secured Credit Card if your credit file is thin, because its APR is 0%.
  • Wise if you want a pure spending account, since its annual fee is £0.
  • Starling Personal Account Debit Card if you would rather hold no borrowing, because its annual fee is £0.

The company behind it

Truist Bank is the legal entity that issues these cards, and it is based in the US. It is supervised by the FDIC, and the licence is recorded as FDIC cert 9846. Cardholders deal with a chartered bank rather than a standalone app, and the same entity runs the checking and debit side.

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 it cost to keep the card?+

The credit card charges an annual fee of $0, and it is listed under the no annual fee model. The linked account is the cost to watch, because the checking and debit side carries a monthly fee of $12.

Is there a charge when I spend in another currency?+

The card is listed with a currency conversion fee of 0%, which sits at the good end of the site range, where the median is 1%. The debit card runs on visa, so it is accepted in the same networks abroad.

What interest do I pay if I do not clear the balance?+

Purchases and carried balances carry an APR of 19.24% to 28.24%. Paying the balance in full each month is what keeps the interest away, and the card still pays cashback of 3% gas, 2% groceries and utilities, 1% other on spending you do make.

How does the balance transfer offer work?+

Balances moved onto the card pay a transfer fee of 3%, and the promotional period runs 12. After that the balance is treated like any other and priced at the card APR of 19.24% to 28.24%, so the transfer only helps if you clear it in time.

What rewards does the card pay?+

Rewards are paid as cashback, at a rate of 3% gas, 2% groceries and utilities, 1% other, so the highest rate applies to a few named categories rather than every purchase. The reward type is listed as cashback, and cashback is what 49.5% of the site's cards use.

What credit do I need to be accepted?+

Approval is aimed at applicants with good credit, so a thin credit file is the main barrier. The audience tag is student, and the balance transfer offer sits alongside the main card.

Who regulates the bank behind the card?+

Cards are issued by the entity recorded as Truist Bank, based in the US. The regulator is the FDIC, and the licence is listed as FDIC cert 9846. Deposits sit with a chartered bank rather than a standalone app, and that licence record is worth checking when you compare providers.

Is there a debit card as well as the credit card?+

The brand also runs a debit card, listed as debit, on the visa network. The credit side is a credit card, so the two products are separate: one borrows, the other spends what you already hold.

How does the card score against the field?+

Its overall score is 5.4, split into 6.5 for cost and 3.9 for the offer. It ranks 1 of 301 brands on annual fee and 1 of 181 on currency conversion.

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Truist Financial

Truist Financial

A cashback card with an annual fee of $0 plus a balance transfer offer.

9.0/10See alternatives