Capital One and Hudson’s Bay Company Join... - Card Issuers News

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Credit Card Applications » News » Card Issuers » Capital One and Hudson’s Bay Company Join Forces

Capital One and Hudson’s Bay Company Join Forces

Capital One and Hudson’s Bay Company Join Forces
December
9
The content is accurate at the time of publication and is subject to change.

Capital One Financial Corporation has inked a new deal with Hudson’s Bay Company, to issue its store branded cards. Hudson Bay Company is the multinational parent company of Saks Fifth Avenue and other luxury brands like Lord & Taylor.

With this new partnership Capital One becomes the exclusive issuer of all HBC credit cards, including private label cards and co-branded ones. Now Capital One will have access to all HBC-owned retailers, which also include OFF 5TH and Home Outfitters.

They plan on adding Lord & Taylor credit cards, which are now offered by Synchrony Bank, into the mix in June.

According to both companies, this new branding alliance will offer customers a wide range of flexible payment options and a streamlined experience in all their stores.

“Our branded credit cards are part of that experience and, building on the success we have had thus far, we are pleased Capital One will continue to deliver this service to our customers,” said Jim Coggin Jr., SVP, Credit Operations & Facilities, HBC.

They go way back

Capital One and Hudson’s Bay Company have history going back to January 2011, when Capital One acquired Hudson’s Bay Company credit card portfolio from GE Capital Retail. This deal resulted in Capital One Canada almost tripling the accounts they service in Canada.

The continuation of their relationship is seen as evidence of Capital One’s commitment to growing its credit card partnership business.

“We’re extending this partnership with HBC because our companies share a deeply rooted commitment to delivering the very best experience for our customers,” said Jimmy Cannon, EVP, Card Partnerships.

Capital One Financial Corporation, the holding company for Capital One, N.A., and Capital One Bank (USA), N. A., has over $200 billion in deposits and $300 billion in total assets.

Hudson’s Bay Company was founded in 1670, and is the longest continually operated company in North America. They own retail stores in the U.S and Canada, including Hudson’s Bay in Canada with 90 locations, two outlet stores and thebay.com.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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