Retail Cards

Nordstrom, Target issue branded debit cards

When is a store credit card not a credit card? When it's a debit card, a scenario that is showing signs of becoming more common. Two major retailers are quietly leading the latest salvo into retaining consumers who grow increasingly wary of debt, according to Candice Choi, Associated Press. Target and Nordstrom offer branded debit cards [...]

Categories: Retail Cards
Bon-Ton inks deal with new retail credit card provider

The Bon-Ton Stores proved they weren't going to be jilted for long. Less than a week after the department store chain was dumped by HSBC Bank Nevada N.A, its private-label retail credit card provider, the company has found a new suitor to take over its credit operations. Alliance Data has signed a multi-year deal to begin [...]

Categories: Retail Cards
Stein Mart revamps retail credit card

Fashion discount retailer Stein Mart has inked a new deal to retain and revamp its retail credit card offerings with GE Capital. The deal announced is a multi-year agreement between the retailer and the bank to continue the co-branded Platinum Rewards MasterCard. As part of the agreement, GE Capital will create a new private label Stein [...]

Categories: Retail Cards
GE Powers Dick's Sporting Goods Retail Credit Cards for the Next Seven Years

Customers of Dick's Sporting Goods will soon get instant credit from the same company that makes many of the flashlights and camping lanterns sold at the retailer. GE Money, a division of General Electric, reached an agreement to provide credit card services to customers of the Pittsburgh-based retail chain. Under the deal, GE will offer [...]

Categories: Retail Cards
Kroger Credit Cards Now Serviced by U.S. Bank

Kroger's credit card accounts have returned to American ownership after U.S. Bank's purchase of the retailer's private label credit portfolio from the Royal Bank of Scotland. Like most retailers, Kroger has relied on banking partnerships to extend credit and other financial services to its customers. With RBS facing pressure from European regulators to increase its [...]

Categories: Retail Cards
Chase, Citi Liquidating Some Affinity Credit Cards

As one major credit card issuer raises cash by selling off operations, another prepares to streamline its offerings to save money. A report in the Wall Street Journal chronicled the efforts of Citigroup CEO Vikram Pandit to liquidate some Citi Credit Card private label and affinity products. Citi's Sears Holdings card accounts and other affinity products [...]

Categories: Retail Cards, Chase Bank, Citi Bank

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