CHERRY HILL, NJ, September 21, 2022 – TD Bank, America’s Most Convenient Bank®today announced a multi-year contract extension with Target Corporation (NYSE:TGT), under which TD will continue to be the exclusive issuer of Target co-branded and private-label consumer credit cards.
“A decade of partnership has allowed our teams to innovate together and deliver an engaging card program to Target customers,” said Chris Fred, head of US credit cards and unsecured lending, TD Bank. “We are excited to continue our collaborative relationship with Target, a leading retailer that shares our spirit of growth and customer focus.”
Earlier this year, Target and TD expanded the RedCard Mastercard program at point-of-sale in Target stores and on Target.com, to create co-branded cards that deliver exceptional value to customers. In addition to the industry-leading 5% instant savings available every day at Target, RedCard Mastercard holders can earn 2% on eligible food and gas purchases and 1% everywhere else.
“RedCard holders are among Target’s most engaged customers and have saved more than $9.7 billion over 12 years of Target journeys. By deepening our partnership with TD Bank, Target will continue to provide customers with meaningful everyday value through 5% savings, free Target.com shipping on most items, extended return times and special offers. exclusive,” said Gemma Kubat, President, Finance and Retail. Services, Target.
TD first acquired Target’s US credit card portfolio in 2013.
About TD Bank, America’s Most Convenient Bank®
TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the United States, providing more than 9.8 million customers with a full range of banking products and services for individuals, small businesses and – Atlantic, Metro DC, the Carolinas and Florida. Additionally, TD Auto Finance, a division of TD Bank, NA, provides vehicle finance and business services to dealerships. TD Bank and its subsidiaries also offer personalized private banking and wealth management services through TD Wealth Management.®. TD Bank is headquartered in Cherry Hill, NJ 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 the TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, one of the top 10 financial services companies in North America. The Toronto-Dominion Bank is listed on the New York and Toronto stock exchanges under the symbol “TD”. To learn more, visit www.td.com/us.
Corporate and Public Affairs, TD Bank