Dillard's To Launch Co-Branded Credit Card With Mastercard, Citi
By Ben Glickman
Dillard's will partner with Citigroup and Mastercard on its new credit-card program for customers.
The department-store chain said Monday that Mastercard would serve as the exclusive payment network for co-branded cards under the new program, while Citi will purchase the existing Dillard's credit card accounts.
The program offered by Citi will include a co-branded Mastercard and a private-label credit card.
The program is expected to be available in late summer for new applicants. Existing accounts will be transferred to Citi in the fall.
The new co-branded Mastercard will replace existing co-branded cards.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
January 29, 2024 16:45 ET (21:45 GMT)
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