Credit Report 2GO!

Its one of those things that makes you wonder why it wasnt available before. Fifth Third Bank has just introduced Duo, a piece of plastic that works as both a debit card and a credit card.

Fifth Third, based in Cincinnati, says that while various institutions have been testing the cards, it is the first to formally offer it to consumers. Research with its own customers suggested that there was a significant demand for the two-in-one cards, said Stephanie Honan, a spokeswoman for Fifth Third. Many customers use both type of cards debit for smaller purchases, say, and credit for larger purchases they want to pay off over time. So, she said, customers like the idea of being able to choose credit or debit while carrying just one card.

Heres how it works: First, you have to have a checking account at Fifth Third, since debit cards are linked to checking accounts.

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