GE Money Extends Consumer Credit Card Program Partnership with Walmart
GE Money Retail Consumer Finance today announced a multi-year renewal of the Walmart credit card program for Walmart stores in the United States and Puerto Rico and on walmart.com.
STAMFORD, Conn. — GE Money Retail Consumer Finance, a consumer lending unit of General Electric Company (NYSE:GE - News), today announced a multi-year renewal of the Walmart credit card program for Walmart stores in the United States and Puerto Rico, and on walmart.com.
Since 1999, GE Money has been Walmart’s credit partner. The partnership started with one product – a Walmart store card – and has since grown to include multiple programs, including store and co-branded consumer credit cards and commercial and community cards.
“GE Money has been a valued partner in helping us provide more ways for our customers to save in our stores and online,” said Jane Thompson, president of Walmart Financial Services. “We look forward to working together to provide even better value and services for our customers.”
The Walmart consumer card program provides cardholders with convenience and security, including:
· no annual fee
· up to 1 percent cash back on the Walmart co-branded dual card
· 3 cents discount per gallon on gas at participating Walmart and Murphy gas stations
· 12-month special financing offers
· $0 fraud liability
· flexibility to choose the monthly payment due date
· cash back at the register, up to $100
“We are excited to extend our 10-year relationship with Walmart for an additional six years and to continue providing credit to consumers, especially in these challenging economic times,” said Margaret Keane, president and CEO of GE Money Retail Consumer Finance. “We look forward to working with the entire Walmart team to help serve millions of customers across America.”
In addition to the Walmart consumer and commercial credit programs, GE is also the banking partner with Walmart on the Walmart MoneyCard, a leading co-branded prepaid reloadable Visa debit card in partnership with Green Dot Corporation.
About GE Money Retail Consumer Finance
GE Money’s Retail Consumer Finance is one of the most successful retail credit providers with more than $30 billion in assets and over 40 million account holders. The business unit provides private label credit card programs, bankcards, and financial services for consumers – all retail-branded through its retail partners. It is part of General Electric Company’s GE Capital division, (NYSE: GE), which has extended $127 billion of credit to 50 million customers since January 1, 2008.
GE (NYSE:GE - News) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company’s Web site at www.ge.com.
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