HILL, N.J., Sept. 21,
2022 /PRNewswire/ -- TD Bank, America's Most
Convenient Bank®, today announced a multi-year contract extension
with Target Corporation (NYSE:TGT), in which TD will continue to be
the exclusive issuer of Target co-branded and private label
consumer credit cards.
"A decade of partnership has enabled our teams to innovate
together and deliver a compelling card program for Target guests,"
said Chris Fred, Head of U.S. Credit
Cards and Unsecured Lending, TD Bank. "We are thrilled to continue
our collaborative relationship with Target, a leading retailer that
shares our growth mindset and sharp focus on the customer."
Earlier this year, Target and TD expanded the RedCard Mastercard
program at the point of sale in Target stores and on Target.com, to
originate co-branded cards that offer exceptional value for guests.
In addition to industry-leading 5% instant savings available every
day at Target, RedCard Mastercard holders can earn 2% on eligible
dining and gas purchases and 1% everywhere else.
"RedCard holders are among Target's most engaged guests and have
saved more than $9.7 billion over 12
years of Target runs. By deepening our partnership with TD Bank,
Target will continue to offer guests meaningful, everyday value
through 5% savings, free shipping from Target.com on most items,
extended return times and exclusive offers," said Gemma Kubat, President, Financial & Retail
TD first acquired Target's U.S. credit card portfolio in
About TD Bank, America's Most
TD Bank, America's Most Convenient Bank, is one of the 10
largest banks in the U.S., providing over 9.8 million
customers with a full range of retail, small business and
commercial banking products and services at more than 1,100
convenient locations throughout the Northeast, Mid-Atlantic, Metro
D.C., the Carolinas and Florida.
In addition, TD Auto Finance, a division of TD Bank,
N.A., offers vehicle financing and dealer commercial
services. TD Bank and its subsidiaries also offer customized
private banking and wealth management services through TD
Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more,
visit www.td.com/us. Find TD Bank on Facebook
at www.facebook.com/TDBank and on Twitter
at www.twitter.com/TDBank_US and www.twitter.com/TDNews_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank
Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services
company in North America. The
Toronto-Dominion Bank trades on the New
York and Toronto stock
exchanges under the ticker symbol "TD". To learn more,
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SOURCE TD Bank