Posted by William Charles on February 22, 2018
Credit Cards

Published on February 22nd, 2018 | by William Charles

121

FNBO Won’t Renew NRA Cobrand Credit Card Deal

First National Bank of Omaha (FNBO) has announced that they won’t be renewing the co-branded credit card deal with the NRA. “Customer feedback has caused us to review our relationship with the NRA,” said First National Bank of Omaha spokesman Kevin Langin. For those unfamiliar this card earns 5% cash back on gas and sporting goods purchases. It isn’t clear at this stage if they will continue to issue the Ducks Unlimited credit card which has the same rewards structure. It also isn’t clear when the the current co branded deal with the NRA ends and what will happen to existing cardholders.

Small update: Looks like the NRA card isn’t accepting new applications currently, but the Ducks Unlimited card is.

I know readers on both sides of the gun divide will have extremely strong views on this. I plead you to remain respectful of each other in the comments.

Hat tip to reader Raphael S & Gadget



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Duke I.
Duke I.

Very good! #standup

Tall T
Tall T

+1

dumps
dumps

+1

Avi
Avi

+3

Bob Unferth
Bob Unferth

+1

Barb
Barb

Very Bad! #2amendent

Mike L
Mike L

+1

Brenton
Brenton

-1

Not a second amendment issue.

Banks can take on co-branded accounts as they see fit. So if you want to dig up the mason jar and pull out a couple hundred dollar bills and go down to ye olde gun shop, you can still do that…

Mike L
Mike L

Yeah because all people who support with the second amendment are rednecks… good one, genius.

Brenton
Brenton

If someone thinks that a bank dropping a co-branded credit card is a second amendment violation, then I’m pretty sure I read the situation correctly…

Leo
Leo

-5

Avi
Avi

-10 brownie points for you

Leo
Leo

+200

Creditian
Creditian

I have no opinion toward NRA since Boeing makes weapons killing thousand times of people than NRA in the world. But nobody boycotts Boeing.
If FNBO wants to do something, reopen public offer of non af Travelite again and add 5% on it!!!

Uncivil_Engineer
Uncivil_Engineer

“reopen public… Travelite”

Hear, hear!

Matt
Matt

People do ‘boycott’ Boeing. There are funds and individual investors that utilize socially responsible investing (SRI) and Environmental, Social And Governance (ESG) strategies to avoid investing in defense contractors. Funds such as the iShares MSCI KLD 400 Social ETF.

I’m such an investor. My number one consideration is of course buying good companies at good prices. That’s my starting point when I look at a potential investment. But after I find a good company at a good price, I next make sure that any potential investment aligns with my beliefs and concerns about various issues. For example, I avoid Chinese companies because of corporate governance issues (among other concerns).

Some criticize SRI and ESG investing strategies. Some people might say: “Investing should be about making money, not making political statements. You’re only hurting yourself by limiting your investment opportunities.” But there are thousands of publicly traded companies to select from. I can avoid a few such companies and still beat the market.

Matt
Matt

It is not about me changing anything. I have a choice about where I put my investing dollars to work. And I choose certain companies over other companies for various reasons. Simple as that.

Take my above Chinese companies example. I don’t investing in Chinese companies because of corporate governance issues. I’m avoiding those companies not to change their governance. It would be great if I did have teh power to change corporate governance on my own, but I have no ability to change the way China does business, haha. I’m avoiding those companies because I (as a foreign shareholder) don’t have the same legal protections as I would with American companies with better corporate governance standards and legal protections.

Could I make money investing in Chinese companies with poor corporate governance. Sure. Many people have made lots of money investing in Chinese companies. But I’d rather invest in American, Canadian, European, and Japanese companies with higher corporate governance standards and legal protections.

There are thousands of publicly traded companies. I don’t need to lower my personal standards to make money in the stock market. They are plenty of good companies that reward their shareholders while also scoring high on various SRI and ESG criteria.

Matt
Matt

Not picking on China specifically. There are also bad examples in America as well. For example, I would never invest in a company like Snap, Inc. (Snapchat). Individual Snap, Inc. shareholders have absolutely no voting rights. All of the voting rights belong only to the company’s management team. Awful corporate governance. Terrible. Stay away.

Sarah
Sarah

If you think people aren’t boycotting Boeing then you’re not paying attention.

Chris
Chris

This is ridiculous. The card should remain available. Let economics control the cards future, not politics.

Blue
Blue

Without taking a side, I think economics has controlled this card’s future.

Brenton
Brenton

+1

Alex
Alex

Disagree with you here. I think one of the best ways to speak your mind is with your dollar.

Lrdx
Lrdx

Take the Ducks Unlimited card then. Same rewards.

Matt
Matt

Economics and politics are linked. There is/has (/and likely always will be) a strong relationship between economics and politics.

Kevin
Kevin

yes, economics should also control illegal drugs. now that sounds pretty ridiculous doesn’t it?

GD
GD
Lrdx
Lrdx

Or Netherlands, the elephant in the china shop of the war on drugs.

Steven
Steven

This is economics, bro – as they make clear in the statement, they’re trying to keep a majority of customers happy, not out of some principled stand. And they’ll surely hear from another large contingent of customers from the other direction. At the end of the day, their being caught in the middle will prevent banks from associating with controversy in future.

David Lawleit
David Lawleit

Fort Knox Federal Credit Union Platinum Visa credit card

 • 5% Unlimited Cash Back rebates on gas purchases (Even at Costco Gas Station!!!)

• 1% Cash Back rebates on all retail purchases

• No Balance Transfer Fee or Annual Fee

 • Credit limit up to $25,000 for qualifying members

• Interest rates as low as 10.00% APR

• Low monthly payments

1% foreign transaction fee

Anyone can join this credit union

Blue
Blue

For this card the 5% gas is only at the pump which makes it…less interesting.

David Lawleit
David Lawleit

How So? It’s the only consistent 5% unlimited cash back on gas stations that is left that I know….

Glenn
Glenn

He means you can’t use it to M/S at all, like buying GCs in the gas station’s store.

Jethro Tuller
Jethro Tuller

True but it wouldn’t apply to food, beverage, and other purchases inside. Plus 7-11 and CircleK for example have a gas-station MCC even if they don’t sell gas. Plus Speedway for example, makes you pay inside if you bought gas previously that day.

BPS
BPS

NOT TRUE: “Gas Purchases” are Net Purchases made at any merchant whose MCC is classified by the payment card industry as “Service Stations” (MCC 5541) or “Automated Fuel Dispensers” (MCC 5542). 5% includes in store purchases

Uncivil_Engineer
Uncivil_Engineer

One could say that the NRA’s extension deal was… shot down. *sunglasses*

#guyswearentontwittercmonnow

Linda
Linda

Doc, thank you for making this site one of the few places where politics are kept to a polite minimum.

Let us continue to put aside our differences and focus on the one thing we all agree on: extracting as much bonus money as possible from financial institutions.

Brenton
Brenton

While I definitely have a strong opinion on the political part of this, I 100% agree on the “extracting as much bonus money as possible” part. 🙂

Jason smith
Jason smith

Anytime I hear a company who stops selling something and panders to a certain group of protesters (no matter which side of the political spectrum it is), I make it a point to stay away from that company.

Mike
Mike

+1

CryptoChrist
CryptoChrist

No way I’ll ever touch FNBO product after this.

Rene
Rene

Do you think that is the case? I am sure dollars made that decision, not a conscience. Corporations don’t behave like individual humans.

I think they were just losing customers because of that and this is a good opportunity to hit the break.

Mike L
Mike L

+1

Credit
Credit

Why the drama?

This is not the first shooting. Not the last. And yesterday more than 17 young people ODed or died in road accidents etc

I.e those 17 people were collateral damage.

Why are they sucking up so much oxygen?

Avi
Avi

It’s not a drama. It’s a stand against NRA and its political influence that prevents he congress from imposing gun control, which causes so many mass shootings in this country. So please do not trivialize the death of those seventeen in Florida or the 300 in Vegas. It is not the same as someone dying in road accidents (unless it was caused by a MAGA trumpster opening fire on the highway).

sam
sam

dude your posts are nuts, youre on the wrong website. go back to r/politics. 300 weren’t killed in vegas, but not sure if facts really matter to you. guns dont kill people, people kill people

Avi
Avi

Yes facts do matter to me. So I will correct myself. ~60 were killed, but almost 500 were wounded which is not a good thing I am sure you will understand. And that doesn’t change my stand against guns. 🙂
Also you know nuclear weapons don’t kill people? Do you wanna unban them too now?

Don
Don

By your logic we should ban school busses because they can cause large numbers of school children to die. But that would ignore that they are safer than the alternatives of private vehicles, biking etc. The same is true with guns. If you really could impliment a gun ban it would reduce mass shootings but the lives saved there would be eclipsed by additional deaths due to beatings stabbings etc. Just look at what happened in Britain with hot burglaries. Not to mention rapes and property crimes prevented by fear of encountering a armed victim. You have fallen into the same logically trap Dave Ramsey disciples do when they swear off credit cards because they only evaluate the down side and are uniformed about the benefits

Avi
Avi

No one said banning guns is gonna prevent all forms of crime. So no one’s talking about burglaries, rape, stabbings, etc. They are different forms of crime and they are being dealt separately.
Also could you enlighten me on the “benefits” of having guns? Aside from personal entertainment, I cannot think of any.

JKK
JKK

@Avi, your argument is a non sequitir, You can’t logically disassociate the effects of banning guns on one type of crime (mass murder) from the same ban’s effects on other types of crime (rapes, burglaries, etc). That’s like saying “let’s only evaluate a new drug based on its effect on the liver but not on the kidneys, because that is a different type of organ.”

JKK
JKK

I know hundreds, if not thousands, of people with guns. Almost all own at least one AR-15. Many have owned these guns for decades–well before anyone ever started talking about Columbine or Sandy Hook or Parkland, FL. And yet not a single one of their guns ever got up and shot anyone. The US doesn’t have a gun control problem. The US has a self control problem. It’s not the guns; its the culture.

Chris
Chris

Please tell everyone in your social circle to look up the toxic lead exposure they are subjecting themselves to anytime they go to a firing range. It’s very concerning.

lexi
lexi

Plus white people were killed. There’s silence when the same numbers of African Americans are gunned down but when it’s white people then the outage returns.

David Lawleit
David Lawleit

Oh Chuck Fort Knox federal credit union has a great balance transfer offer:

Fort Knox federal credit union classic visa credit card:

6.99% Apr

No balance transfer fees

Special Promo!

4.99% Apr balance transfer offer for life until balance transfer is paid off!!

Offer expires April 30, 2018

https://onesimplepayment.com

john mccann
john mccann

2nd Amendment was for muskets not automatic rifles.

Don
Don

The musket was the premier military weapon of the day and such protection put citizens on parity with soldiers as far as armerment. Also automatic rifles have been largely banned and have taken no part in this shooting or any mass shooting in recent history.

Doug
Doug

what do automatic rifles have to do with the public debate? further production has been banned since 1986. did you know an AR-15 is a semiautomatic and fires one round per trigger pull, just like a hunting rifle, semi auto pistol, and revolver? Did you know AR-15s are not “assault rifles”, because assault rifles are rifles that have the capacity to fire in automatic or burst in addition to semi auto? did you know an assault weapon is a made-up term by the anti-gun lobby that classifies weapons based on merely cosmetic features?

Avi
Avi

I don’t care if the AR-15 was an assault rifle or not. If that shit kills 17 people, it shouldn’t be out there in the open.

Doug
Doug

well everybody should have an interest in honest and well informed discourse, and that is certainly not happening. all emotion based. any gun can kill 17 people (virginia tech shooter only used pistols) and so can lots of other things when used to commit violence (cars, small airplanes packed with fuel flown into football stadiums, explosives, etc). we live in a society where guns exist and aren’t going anywhere. and we also live in a society that refuses to protect its schools and these other unsecure gun free zones. Ask yourself what is the logic of having an area where it is known that the only people carrying firearms will be those seeking to commit mass violence. Anybody evil enough can decide to bring a gun to a school to kill, but nobody with good intention can defend themselves and others

Avi
Avi

There we go once again with the “cars can kill” argument. I agree that anything around you can be used as a weapon, but most of them have some practical utility. Cars are an absolute necessity. So we can’t put a ban on cars or airplanes. Guns 💪 on the other hand, DO NOT have any real use for a common man. You use guns either for entertainment or for killing people. Hence I’d say that if we eradicate guns we could bring down the number of mass shootings without losing anything of use to us.

JKK
JKK

@Avi, your entire argument (eradicating guns will make us safer) is based on a premise that is impossible to achieve (the eradication of guns). I applaud your idealism. But this is the real world. Time to stop virtue signalling and propose some solutions that actually might work..

Avi
Avi

A gun ban isn’t idealism. Most developed and developing nations do not allow their citizens easy access to guns. If they can, then why not us? 🙂

Brian
Brian

Agreed. In addition, as a society we put huge sums of money and energy into making cars (and virtually everything else) safer; not so with guns.

Will all gun violence cease if we ban assault rifles (or any other type of firearm)? No, of course not. Would we see a spike in mass murders committed with knives after such a ban? Unlikely.

It should be unsurprising that countries with fewer guns experience fewer gun deaths. Ditto for states in the US. If we want fewer gun deaths (which I and many other do), the best way to do that is reduce the number of guns in circulation.

The simple fact is it’s the combination of sick people and easy access to guns that are the root cause of the problem and we must address both of those if we want to make real progress on the issue. (Maybe we can also improve school safety, but I believe all three Florida schools with mass shootings in recent years had armed guards on campus.)

Avi
Avi

Totally agree with this.

lexi
lexi

Because other countries don’t have a document that lists specific rights – in this case a right that was written specifically to allow citizens to have a chance to overthrow the government should it become to authoritarian. As per yh drafters & confirmed by the Supreme Court this is an individual right & thus can only be limited by certain time & place restrictions, the same as the other bill of rights amendments.

Fight to repeal the 2nd amendment otherwise you’re just advocating for the passage of unconstitutional laws to limit a specifically outlined right – that’s a slippery slope can of worms I’d rather avoid in regards to all of the specific constitutional rights but to each their own.

Avi
Avi

Think about it – if the government ever turns authoritarian and uses military/nuclear/chemical weapons against its citizens, do you think your semi-automatic guns can protect you? No way right? So what’s the point of even having guns?
The forefathers wrote the constitution (and hence the second amendment) at a time when nuclear weapons or other forms of mass destruction didn’t exist. So the masses owning guns to protect themselves made sense. But in a 21st century world, you simply cannot protect yourself if the government wants to kill you. All modern democracies understand this and hence 100% of them do not make provisions for gun ownership. The faster we Americans catch up to this the better it is for us.

MIDWESTCOAST
MIDWESTCOAST

Exactly. If that human can kill 17 people, they shouldn’t be out there in the open. Guns don’t kill people. Just like cars, knives and planes don’t kill people.

Avi
Avi

“nuclear weapons don’t kill people, people kill people”. So let’s start selling nuclear weapons?

J. Grant

Did you know that people that are SUPER EXCITED about getting a semi-automatic AR-15 are the same people that may be interested in, and have the tools at their disposal (among others, interwebz, and other enthusiasts) to make minor modifications to make said “semi-automatic” rifle a “fully-automatic assault” rifle?

There are many ex-military peeps out there with modified AR-15s that function as fully-automatic guns. Because, why would you downgrade to a semi when you had a full in the ARMY?

Part of the #DidYouKnow series!

MIDWESTCOAST
MIDWESTCOAST

You have no idea what you’re talking about.

Uncivil_Engineer
Uncivil_Engineer

… or they get a Class 3 FFL and *legally* shoot automatic firearms.

sam
sam

while youre right that someone who is skilled in milling and gunsmithing can modify a gun to function automatically, youre idea that gun enthusiasts would do such a thing is absurd. illegal possession of an automatic weapon gets you about 20 years in federal prison at minimum. That’s simply not worth the risk. Much better to go with a bump stock or binary trigger system (fires one round on trigger pull and one round on trigger release) if youre intent on achieving something closer to automatic fire… or if you have the money pay $30k to acquire a fully automatic weapon that was produced before 1986. hope my gun knowledge helps clarify some of your conjectures

Matt

AR15’s are the weapon of choice for mass shooters. They’re highly customizable, easy and quick to reload, look terrifying (and make the shooter feel powerful), are accurate at distance, and they’re easy to get ahold of. I’m sick of hearing this bullshit argument that the semi-auto mechanism in all guns is the same. It’s right up there with that “guns don’t kill people” line.

The AR15 is designed explicitly to kill humans. And it’s really good at that. It is an offensive weapon built for modern siege warfare (which is coincidentally perfect for mass shootings). In the 1950s NATO theory was whoever could get the most bullets downrange the quickest would win in a given engagement. They needed a gun that held up to the fire rate and characteristics of the AK, but was a little more accurate, and they didn’t have it until armalite started making these. The AR15 is heavily influenced by military need to be efficient at killing people. Aim center mass and the bullets are flying fast enough to liquify organs, but not kill the enemy right away — best to wait and kill all their buddies that try to rescue them first. What kind of hunter is using an AR15? The 223 rounds are too small to guarantee a kill on any large game so you’re not cleanly taking down grizzlies or even deer with it (and it’s illegal in many states as this is ‘inhumane’ to use such a small caliber for hunting). Self defense? Give me a fucking break. Get a shotgun (you’re not gonna miss!) or a semi-auto pistol (good for close range. Wounds are more survivable if someone goes on a shooting spree) to defend yourself. They work great and they’re very reasonable weapons to have available for defensive use. The AR15 is not a self defense weapon. If you want an assault rifle, join the army. I’m tired of selfish gun owners telling me that their deadly toys are more important than 17 high school student’s lives or 20 elementary school kids’ lives or 60 something concertgoers’ lives and what have you. It’s fucking absurd.

Uncivil_Engineer
Uncivil_Engineer

Having done a decent amount of research on the subject, I would be more inclined to turn to an AR15 over a pistol or shotgun for a self-defense weapon, primarily because standard .223 rounds reduce the risk of overpenetration through walls and other “barriers” without significant compromises in other areas. In an urban environment, this is crucial, and while you do sacrifice the maneuverability of a pistol, a short-barreled rifle would give you an advantage in mobility over a shotgun while providing similar stopping power and significantly lower overpenetration risk than, at the very least, a pistol. It may seem counterintuitive, but the very same characteristics that make a .223 round deal significant damage to a target also makes it dissipate most of its energy into the first wall it sees.

Doug
Doug

thanks for this post, it actually inspired me to add a couple more AR15s to my collection. kind of speculative on my part, but if there is a ban on these weapons, the grandfathered ones produced before the ban will drastically increase in value (same thing occurred when automatic weapons were banned in 1986). i encourage everyone to go out and invest in some AR15s!

Matt

Not a bad idea on your part — now you have an incentive to join the pro ban side so you can get grandfathered in and profit! Did you meet minimum spend on a card at least? Might as well do it right!

Rene
Rene

I am pretty sure that this is not related to the recent events, but has pure economic reasons. It’s just a good time to get out.

I think it was a bad idea to partner with a controversial group like the NRA, to begin with. Especially given the demographics of NRA supporters and opponents.

MIDWESTCOAST
MIDWESTCOAST

What exactly are the demographics of the supporters and opponents?

calwatch
calwatch

Exactly, FNBO is the First National Bank of Omaha and serves a Midwestern, largely White base. We all know that the NRA is white supremacist by how they were silent when Philando Castile got shot. If they want to deter people with too much time on their hands complaining at them, then dropping the card was a good call. This isn’t the Louisville alumni association, even though they won the 2013 NCAA men’s basketball tournament with the help of strippers and had their title revoked. It isn’t a political party, but an active lobbying group which millions disagree with (unlike the Sierra Club which has a card as well with crappy benefits).

Matt

Definitely. I think you’re right. They decided to get out of the card or were on the fence already and dumped it now to make some good pr.

CryptoChrist
CryptoChrist

Glad I’ve not once done business with FNBO. With this politicking, I now can safely say I never will do business with FNBO.

DMitri
DMitri

You’re on a site designed to squeeze and churn profits from banks and card issuers. . .

Matt

Lol. So you’re not going to cost them money? I’m so sad for them.

DMitri
DMitri

Got the NRA card just this January.

I use it *exclusively* for gas (and cigarettes bought at gas stations) and never carry a balance forward (on any card), some speculated that the NRA wouldn’t make a dime off cardholders like me *shrug*.

I chose it over the Ducks Unlimited card for the $40 sign up bonus.

I’ll wait and see what happens with the cash back before opening a DU or Knox card.

Avi
Avi

Though I am staunchly against the NRA and gun ownership, I do like your view. If we as “churners” suck maximum rewards out of their cards, then we would be causing massive losses to the NRA, which is just what I want. Oh man now I wish I could sign up for this card!

Lrdx
Lrdx

That’s not how cobrand agreements work.

Matt

Yeah. The NRA gets a tiny piece of every transaction. The bank takes the loss.

emergdoc67
emergdoc67

they more likely make money every time someone opens the card and the profitability or lack thereof is with the affiliated bank. your joining did support the NRA

Carter
Carter

If only our politicians had the backbone to stand up to them as well. Their endless strawmanning and fearmongering prevents even the beginning of a logical, mature discussion on guns. Good riddance.

Avi
Avi

Guess what’s cheaper than a burger at McDonald’s? Republicans in Congress!

MIDWESTCOAST
MIDWESTCOAST

They’re both for sale for next to nothing. You just happen to agree with the other side. If you’re too naive to see that, you’re part of the problem.

JKK
JKK

+1

cc
cc

+2

Matt

That would be optimal. But we get the government we deserve. ;(

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