Citizens Partners with Wyndham Destinations to Offer Flexible Down Payment Financing to Vacation Club Members
03 August 2023 - 10:00PM
Business Wire
Citizens today announced a partnership with Wyndham
Destinations, the world’s largest vacation ownership business, to
offer a more predictable and affordable way for consumers to
explore their favorite resort destinations.
The company’s installment-based financing solution, Citizens
Pay, enables Wyndham Destinations vacation club members to pay for
down payment costs through fixed monthly payments at more than 200
resorts in the U.S., including Club Wyndham, WorldMark by Wyndham,
and Margaritaville Vacation Club by Wyndham properties. The
flexible financing offered through Citizens Pay provides a simple,
safe, and responsible way for consumers to discover vacation
ownership as a dynamic travel option.
“Fueled by a desire for unforgettable experiences and
long-awaited adventures, travelers are reclaiming lost time and
seeking simplicity when it comes to planning and paying for their
vacations,” said Christine Roberts, Executive Vice President and
President of Citizens Pay. “By working with Wyndham Destinations as
their down payment financing partner, we offer travelers a flexible
and predictable pay-over-time option, transforming their vacation
aspirations into reality.”
Wyndham Destinations offers travelers the chance to own their
vacations year after year, exploring places they’ve never visited
or returning to their favorite destinations. Through Citizens Pay,
eligible new and existing vacation club members can easily and
responsibly finance their down payments, so they can fully enjoy
vacation in their home away from home.
“Our mission is to put the world on vacation, and we work hard
to make it easy for travelers to enjoy new experiences through our
flexible vacation ownership program,” said Scott Cavanaugh, vice
president of strategic partnerships and licensing at Wyndham
Destinations. “Our new partnership with Citizens Pay will make it
simpler than ever for new and existing vacation club members to
start planning their next adventure.”
Citizens Pay is a market leader in point-of-sale financing,
offering a responsible way for consumers to pay for large purchases
in fixed, monthly payments, while providing retailers and merchants
with tailored, embedded financing options that drive customer
loyalty. For additional details, visit www.citizenspay.com.
About Citizens Financial Group, Inc. Citizens Financial
Group, Inc. is one of the nation’s oldest and largest financial
institutions, with $223.1 billion in assets as of June 30, 2023.
Headquartered in Providence, Rhode Island, Citizens offers a broad
range of retail and commercial banking products and services to
individuals, small businesses, middle-market companies, large
corporations and institutions. Citizens helps its customers reach
their potential by listening to them and by understanding their
needs in order to offer tailored advice, ideas and solutions. In
Consumer Banking, Citizens provides an integrated experience that
includes mobile and online banking, a full-service customer contact
center and the convenience of approximately 3,400 ATMs and
approximately 1,100 branches in 14 states and the District of
Columbia. Consumer Banking products and services include a full
range of banking, lending, savings, wealth management and small
business offerings. In Commercial Banking, Citizens offers a broad
complement of financial products and solutions, including lending
and leasing, deposit and treasury management services, foreign
exchange, interest rate and commodity risk management solutions, as
well as loan syndication, corporate finance, merger and
acquisition, and debt and equity capital markets capabilities. More
information is available at www.citizensbank.com or visit us on
Twitter, LinkedIn or Facebook.
About Wyndham Destinations Wyndham Destinations is the
world’s largest vacation ownership business with more than 245
vacation club resorts around the world that offer a contemporary
take on the timeshare model. The brand portfolio -- featuring Club
Wyndham®, WorldMark® by Wyndham, Margaritaville Vacation Club® by
Wyndham, and Shell Vacations Club -- offers travelers the chance to
own their vacation and explore places they’ve never visited before,
year after year. More than 800,000 owners enjoy stays in a home
away from home, featuring spacious suites with separate bedrooms,
fully-equipped kitchens, living and dining areas, as well as
resort-style amenities and services. Wyndham Destinations is part
of Travel + Leisure Co. (NYSE:TNL). Learn more at
WyndhamDestinations.com.
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Eleni Garbis eleni.garbis@citizensbank.com 781-471-2233
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