FNBO CLD ****Master Thread****

[Anonymalous]

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@Anonymous wrote:

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If I had to guess, they're spooked by the economy. They're a small bank after all...

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Over 150 years old, First National Bank was founded by two pioneers, Herman and Augustus Kountze in 1857 serving Omaha and the surrounding communities. The pioneers who founded First National Bank did so in the spirit of innovation and commitment to customer service. Today, this sixth generation family- owned business has become the largest privately owned banking company in the United States, with locations in seven states and more than 6.6 million customers across the country.

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The "privately owned" is key. The vast majority of large banks are publicly owned.

They're 81st in number of branches:

https://www.bankbranchlocator.com/top-100-banks-in-usa.html

And 79th in terms of assets:

https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_United_States

Most of the major credit card issuers are in the top 20, and have at least 10 times as many assets (Chase/JP Morgan has more than 150 times as many). Skim either list, and see if you can find any other banks that far down with credit cards that are talked about on the forums.  For a bank that effectively has competive cards, and a national presence on the credit card scene, FNBO is very small.

Which is fairly impressive -- they're batting well out of their league in terms of their credit card offerings. But it does help to explain their skittishness, because they just don't have the buffer that JP Morgan does.

[Anonymous]

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@Anonymalous wrote:

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@Anonymous wrote:

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If I had to guess, they're spooked by the economy. They're a small bank after all...

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Over 150 years old, First National Bank was founded by two pioneers, Herman and Augustus Kountze in 1857 serving Omaha and the surrounding communities. The pioneers who founded First National Bank did so in the spirit of innovation and commitment to customer service. Today, this sixth generation family- owned business has become the largest privately owned banking company in the United States, with locations in seven states and more than 6.6 million customers across the country.

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The "privately owned" is key. The vast majority of large banks are publicly owned.

They're 81st in number of branches:

https://www.bankbranchlocator.com/top-100-banks-in-usa.html

And 79th in terms of assets:

https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_United_States

Most of the major credit card issuers are in the top 20, and have at least 10 times as many assets (Chase/JP Morgan has more than 150 times as many). Skim either list, and see if you can find any other banks that far down with credit cards that are talked about on the forums.  For a bank that effectively has competive cards, and a national presence on the credit card scene, FNBO is very small.

Which is fairly impressive -- they're batting well out of their league in terms of their credit card offerings. But it does help to explain their skittishness, because they just don't have the buffer that JP Morgan does.

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Do you have some special knowledge on "batting well out of their league"? They have been around a long time, offer many Co-Branded Cards for other banks much like Elan (US Bank) and have been quite successful over time. Certainly we are entitled to our views but, I question the statement!

[Anonymalous]

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@Anonymous wrote:

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Do you have some special knowledge on "batting well out of their league"? They have been around a long time, offer many Co-Branded Cards for other banks much like Elan (US Bank) and have been quite successful over time. Certainly we are entitled to our views but, I question the statement!

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I just provided the evidence I used to draw that conclusion. We're talking about bank size, and there are almost no banks of their size who seem to have comparable credit card offerings.

[SUPERSQUID]

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@Anonymous wrote:

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@Anonymalous wrote:

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@Anonymous wrote:

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If I had to guess, they're spooked by the economy. They're a small bank after all...

---

Over 150 years old, First National Bank was founded by two pioneers, Herman and Augustus Kountze in 1857 serving Omaha and the surrounding communities. The pioneers who founded First National Bank did so in the spirit of innovation and commitment to customer service. Today, this sixth generation family- owned business has become the largest privately owned banking company in the United States, with locations in seven states and more than 6.6 million customers across the country.

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The "privately owned" is key. The vast majority of large banks are publicly owned.

They're 81st in number of branches:

https://www.bankbranchlocator.com/top-100-banks-in-usa.html

And 79th in terms of assets:

https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_United_States

Most of the major credit card issuers are in the top 20, and have at least 10 times as many assets (Chase/JP Morgan has more than 150 times as many). Skim either list, and see if you can find any other banks that far down with credit cards that are talked about on the forums.  For a bank that effectively has competive cards, and a national presence on the credit card scene, FNBO is very small.

Which is fairly impressive -- they're batting well out of their league in terms of their credit card offerings. But it does help to explain their skittishness, because they just don't have the buffer that JP Morgan does.

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Do you have some special knowledge on "batting well out of their league"? They have been around a long time, offer many Co-Branded Cards for other banks much like Elan (US Bank) and have been quite successful over time. Certainly we are entitled to our views but, I question the statement!

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FNBO offers cards thru my union of 40 plus years but wont give me a card directly, im retired.

when i checked the FNBO prequal the last 2 times it said i was out of their area yet my union is in my area and it offers cobranded cards. my union has 180,000 members.

EDIT - After reading these recent posts i really dont want an FNBO card, i'll stick to navy and penfed.

[Anonymous]

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@Anonymalous wrote:

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@Anonymous wrote:

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Do you have some special knowledge on "batting well out of their league"? They have been around a long time, offer many Co-Branded Cards for other banks much like Elan (US Bank) and have been quite successful over time. Certainly we are entitled to our views but, I question the statement!

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I just provided the evidence I used to draw that conclusion. We're talking about bank size, and there are almost no banks of their size who seem to have comparable credit card offerings.

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Appreciate your follow back. Do agree on the Private vs Public Bank size (knew that). However, what you wrote and how I interpreted it is now clarified.  Some days it just doesn't pay to get out of bed 

[M_Smart007]

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@SUPERSQUID wrote:

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FNBO offers cards thru my union of 40 plus years but wont give me a card directly, im retired.

when i checked the FNBO prequal the last 2 times it said i was out of their area yet my union is in my area and it offers cobranded cards. my union has 180,000 members.

EDIT - After reading these recent posts i really dont want an FNBO card, i'll stick to navy and penfed.

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And yet, I do not believe.. That I have read one single post of a cobranded FNBO CLD. ¯\_(ツ)_/¯

I could be wrong?

[Anonymous]

@SUPERSQUID

Understand your concern about FNBO cards.

Over the years there are a few (very) credit card issuers who offer cards with other banks/merchant's names. FNBO used to never allow their Core Credit Cards to leave the geo-fence (seven states now eight).

A Co-Branded/Affinity Card issued by FNBO is nationwide and not geo-fenced unless so required by the people desiring the Co-Branded/Affinity Cards.

Only of late has FNBO strayed over the fence. In the last few years, they would open the fence gate around calendar year end for a few weeks where a Core Card could be applied for and bang, the gate closed.

Frankly, this is how I got into FNBO in 2017 (Core Card open gate November 2017 to January 4, 2018 Visa Card with 2% before the Evergreeen Card). Before that, I only had non-Core Cards issued going way back to the 1970's (AAA Club Midwest for three years) issued by First National Bank of Omaha.

Also, they used to issue under the name of First National Bank of Omaha and since they are wandering outside the fence more they made some internal changes to offer under the name FNBO and not to long back (suspect a legal reason) and also FNBO Direct.

[difringe]

just an update from me, i paid off my card before my october statement cut; no cld to $500 as of yet, but we'll see. i'm not planning on using the card again, but i'll let them close it when they feel like closing it. of course it's also annoying that you have to redeem their rewards in intervals of $25, so i've got $9.41 in rewards just sitting there...

[Anonymalous]

I'm curious about FNBO's current geofence. They seem to issue cards nationally... except there are a few cases like @SUPERSQUID.

[SUPERSQUID]

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@Anonymalous wrote:

I'm curious about FNBO's current geofence. They seem to issue cards nationally... except there are a few cases like @SUPERSQUID.

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 I was denied twice in the last 6 months via the FNBO qualifier and when i got the letter it said out of area.

last year their prequal offered me the secured card so i think something changed in 2022.