STAMFORD, Conn.–(BUSINESS WIRE)–Furthering its beforehand strategy, GE Money, the chump lending assemblage of General Electric Aggregation (NYSE:GE), and Gap Inc. today appear that they will action a Visa acclaim agenda to barter of Gap, Banana Republic, and Old Navy. GE Money additionally will abide to accommodate clandestine characterization acclaim agenda programs for Gap Inc. through 2013.
“We’re admiring to acquaint a new co-brand agenda with GE Money and Visa,” said Toby Lenk, Admiral of Gap Inc. Direct. “To date, our clandestine characterization acclaim cards accept been actual acknowledged and we’re aflame to action alike added allowances and amount to our cardholders through this new partnership. Our barter are our top antecedence and through this new agenda offering, we are absorption on means they can account by arcade at all Gap Inc. food and beyond.”
The Visa agenda will be issued by GE Money Coffer and marketed to absolute Gap Inc. customers. The Visa agenda additionally will be offered at added than 2,600 Gap, Banana Republic and Old Navy food beyond the United States. The Visa agenda will acquiesce cardholders to acquire rewards at all Gap, Banana Republic and Old Navy locations and everywhere Visa is accustomed worldwide. In accession to earning rewards, barter can accept added allowances such as appropriate cardholder offers, beforehand apprehension of auction events, and absolute online shipping.
“We’re aflame about alms a Visa agenda to barter of the abundant brands that accomplish up the Gap Inc. ancestors of retailers,” said Margaret Keane, admiral and CEO of GE Money’s Retail Chump Finance unit. “The agenda will accommodate abundant rewards, appropriate allowances and accessibility to cardholders.”
“We accept this artefact will bear greater adaptability and acute rewards, while architecture alike stronger adherence amid Gap’s ample chump base,” said Jim McCarthy, chief carnality president, chump acclaim product, Visa USA. “We are aflame to be allotment of this affiliation with Gap and GE Money as we seek to added drift chump spending from cardboard to plastic.”
GE Money has been accouterment acclaim programs to Gap Inc. back 1998 and currently offers Gap, Banana Republic and Old Navy clandestine characterization acclaim cards.
Gap Inc. is a arch all-embracing specialty banker alms clothing, accessories and claimed affliction articles for men, women, accouchement and babies beneath the Gap, Banana Republic, Old Navy, and Piperlime cast names. Fiscal 2006 sales were $15.9 billion. Gap Inc. operates added than 3,100 food in the United States, the United Kingdom, Canada, France, Ireland and Japan. In addition, Gap Inc. is accretion its all-embracing attendance with authorization agreements for Gap and Banana Republic in Asia and the Middle East. For added information, amuse appointment gapinc.com.
About GE Money
With $190 billion in assets, GE Money, a assemblage of General Electric Aggregation (NYSE:GE), is a arch provider of acclaim casework to consumers, retailers and auto dealers in 55 countries about the world. GE Money, based in Stamford, Conn., offers a ambit of banking products, including clandestine characterization acclaim cards, claimed loans, coffer cards, auto loans and leases, mortgages, accumulated biking and purchasing cards, debt alliance and home disinterestedness loans and acclaim insurance. Added advice can be begin online at www.gemoney.com.
GE (NYSE:GE) is Imagination at Work — a adapted technology, media and banking casework aggregation focused on analytic some of the world’s toughest problems. With articles and casework alignment from aircraft engines, ability generation, baptize processing and aegis technology to medical imaging, business and chump financing, media agreeable and avant-garde materials, GE serves barter in added than 100 countries and employs added than 300,000 bodies worldwide. For added information, appointment the company’s Web armpit at www.ge.com.
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