Retail Card definition
Examples of Retail Card in a sentence
Genasys Primary consumer Credit Originations platform for Retail Card portfolios.
Keane President & CEO, Synchrony Financial CEO since April 2011 CEO, Retail Card SVP, GE Consumer Finance Various leadership roles at Citicorp Henry F.
Under the Prescription Drug Benefit, you have two programs available to you: the Retail Card Program and the Mail Order Program.
Retail Card accounted for $11.0 billion, or 69%, of our total interest and fees on loans for the year ended December 31, 2020.
Retailer Share Arrangements Most of our Retail Card program agreements contain retailer share arrangements that provide for payments to our partner if the economic performance of the program exceeds a contractually-defined threshold.
A total of 14 of our 25 ongoing Retail Card program agreements now have an expiration date in 2025 or beyond.
Employees who are covered under either the PPO or HMO plan will receive prescription drug coverage according to the following schedule: Retail Card Based on a 30-day supply Co-payment Generic $ 9.00 Formulary $25.00 Non-Formulary $45.00 Specialty $100.00 Employees may obtain up to a 90-day supply of maintenance drugs.
Other Economic Terms In addition to the retailer share arrangements, the program agreements typically provide that the parties will develop a marketing plan to support the program, and they set the terms by which a joint marketing budget is funded, the basic terms of the rewards program linked to the use of our product (such as opportunities to receive double rewards points for purchases made on a Retail Card product), and the allocation of costs related to the rewards program.
The average length of our relationship with our Retail Card partners is 23 years.
Credit under a private label credit card typically is extended either on standard terms only in our Retail Card sales platform, which means accounts are assessed periodic interest charges using an agreed non-promotional fixed and/or variable interest rate, or pursuant to a promotional financing offer in our Payment Solutions and CareCredit sales platforms, involving deferred interest, no interest or reduced interest during a set promotional period.