Nordstrom Cards Now A Part of the TD Bank Portfolio - Card Issuers News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Card Issuers » Nordstrom Cards Now A Part of the TD Bank Portfolio

Nordstrom Cards Now A Part of the TD Bank Portfolio

Nordstrom Cards Now A Part of the TD Bank Portfolio
The content is accurate at the time of publication and is subject to change.

TD Bank will take over Nordstrom’s U.S Visa and private label credit card portfolio, totaling a whopping $2.2 billion in assets. But that’s not all, they have also inked an additional long-term deal making TD Bank the exclusive issuer of Nordstrom branded Visa and private label consumer credit cards in the U.S.

Already existing credit card customers, and individuals enrolled in Nordstrom’s Rewards loyalty program will not see any changes in the cards, rewards or customer service  when the new deal kicks in later in the year.

A long time coming

Both of these deals have been in the works for the past twelve months, and Nostrom’s new partnership with TD bank is seen as being a way for Nordstrom to keep their hands on approach to customer service, while also improving their bottom line.

“When we began this process a year ago, our number one goal was to continue to take care of our customers directly. We are pleased to meet this goal through our collaboration with TD, a premiere global financial institution and experienced credit card partner. We found TD to be a strong cultural fit, sharing our customer-focused approach and providing capabilities to help us further enhance the customer experience,” said Blake Nordstrom, co-president, Nordstrom, Inc.

TD Bank has been seeking to increase their credit card reach in North America, and this partnership gives them a stronger foothold in the market. “TD will be working with one of the most highly respected retail brands in the world and one with a well-established, national customer base. We are excited that they have chosen us as their credit card partner,” said Bharat Masrani, group president and CEO, TD Bank Group.

How it works

With the signing of this agreement Nordstrom is set to sell all its credit card receivables, but the retailer will still receive a significant portion of the money generated by the credit cards.

Once that happens, TD will take over the maintenance of the portfolio, but Nordstrom will keep servicing their customers’ accounts, as well as keeping its retail and card services integrated, and running their rewards program.

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.
Add to Favorites:

Related News:

U.S. Bank Gearing up with Geolocation
U.S. Bank Gearing up with Geolocation

Posted: October 11, 2016

Did you ever have your credit or debit card declined when on vacation or traveling for business because you are out of your usual shopping zone – and your issuer thinks you’re being hacked? Continue reading

New Premium Rewards Card from U.S. Bank
New Premium Rewards Card from U.S. Bank

Posted: May 15, 2017

There is a new travel credit card in town from U.S. Bank, the Altitude Reserve Visa Infinite credit card, offering cardholders triple points back for travel related purchases. Continue reading

Citi and Office Depot Extend Their Relationship
Citi and Office Depot Extend Their Relationship

Posted: March 26, 2015

Citibank and Office Depot are extending their 25-year consumer and commercial credit relationship. Part of the new agreement includes consolidating the Office Depot and OfficeMax credit cards into a single program. Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, and more up to the quarterly maximum, each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
Earn unlimited 1.5% cash back on every purchase, every day
For Average, Fair, Limited Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!