Business Fintech News

Citi Retail Services and Wayfair Announce New Strategic Partnership With Launch of Private Label and Co-Brand Credit Cards

CitiDirect BE® Earns Top Ranking in Greenwich Associates Study

Multi-year agreement provides customers with seamless financing options

Citi Retail Services and Wayfair, one of the world’s largest online destinations for the home,  announced a long-term partnership to provide a new private label Wayfair Credit Card and co-brand Wayfair Mastercard with compelling rewards and benefits for Wayfair customers.

Read More: Doxim Announces Omnichannel Loan Origination and Account Opening in Partnership with Mobetize

“Our new credit card program with Wayfair further diversifies our CRS portfolio, offering innovative financing options for consumers across a wide array of leading brands spanning brick-and-mortar and e-commerce.”

This new partnership with Citi Retail Services – one of North America’s largest and most experienced retail credit solution providers – will be focused on delivering a seamless digital loyalty and financing experience to Wayfair customers in the U.S.

Read More: Options Announces Expansion into Gemini Cryptocurrency Exchange

Starting today, the Wayfair Credit Card and Wayfair Mastercard will offer 5% back in rewards or financing up to 60 months on eligible Wayfair purchases. In addition, Wayfair Mastercard cardmembers will earn:

  • 3% back in rewards at qualifying grocery stores
  • 2% back in rewards for qualifying online purchases
  • 1% back in rewards on all other qualifying purchases

The cards have no annual fee and rewards do not expire. Customers will also receive $40 off their first qualifying Wayfair purchase of $250 or more.

“At Wayfair, we are focused on creating the best possible shopping experience for home, and that includes delivering the best value while making it as easy as possible for customers to shop millions of items for every room in the home. With the Wayfair Credit Card and Wayfair Mastercard, we are also able to reward our loyal customers with more added perks and benefits than ever before,” said Larry Lataif, Head of U.S. Consumer Financing, Wayfair. “We are pleased to partner with Citi Retail Services to make it even more rewarding for our customers to create a home they love.”

Read More: GlobalFintechSeries Interview with Clara Shih, CEO and Founder at Hearsay Systems

Related posts

Bank of America and Apple Executives Join Chargebacks911 to Drive Rapid Expansion

Business Wire

Aleo Raises $200M in Series B to Expand Products and Services Built on Private-by-Default, Blockchain-Based Platform

Fintech News Desk

Cloud Capital Launches to Address the Changing Needs of Modern Financial Services Clients

Fintech News Desk
1