Private Label Credit Cards
These are all general purpose cards that can be used basically anywhere that money can be spent except of course for companies that take cash only. What is a private label credit card.
A private label credit card is a type of revolving credit plan managed by a bank or commercial finance company for either retail or wholesale manufacturers such as department and specialty stores.
Private label credit cards. What is a private label credit card. The report covers the us. With primaxs private label card program you benefit from increased control over customer payments and any business can tap into this advantage.
If you currently extend credit to your customers or want to you can offer a special purpose. Terms and conditions for private label credit cards are made by contracts between the retailer and the third party. Plcc cards can be a dual card where a card network is associated with it.
All of us are familiar with the big four credit card labels that are issued throughout the world visa mastercard discover and american express. Private label credit cards are cards branded for a specific retailer independent dealer or manufacturer. Private label credit card.
Retailers like nordstrom shell best buy and bjs wholesale club are few top merchants which has large number of plcc accounts. The plcc card is issued by a bank. If the retailer does not manage the private label card a third party issues the cards and collects the payments from cardholders.
Market for private label credit cards with an emphasis on retail credit card program features and benefits analysis retail card strategies growth trends and. Tap into the benefits of a private label card program for your business. Private label card programs.
A private label credit card is a store branded credit card that is intended for use at a specific store. Private label credit cards are cards branded for a specific retailer independent dealer or manufacturer.
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