Citi Retail Services (CRS), a part of Citigroup, has inked a long term partnership agreement with e-commerce company Wayfair to launch new credit cards for customers in the US.
The firms will roll out a private label ‘Wayfair Credit Card’ and a co-branded ‘Wayfair Mastercard’.
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These cards will provide Wayfair customers in the US with unified digital financing options, rewards, and benefits.
Both the cards come with a cashback offer of 5% or up to 60 months of financing on eligible Wayfair purchases.
The rewards do not expire, and the cards have no annual fees. Cardholders can also get $40 off on a Wayfair purchase of $250 or more.
Wayfair head of US consumer financing Larry Lataif said: “With the Wayfair Credit Card and Wayfair Mastercard, we are also able to reward our loyal customers with more added perks and benefits than ever before.
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By GlobalData“We are pleased to partner with Citi Retail Services to make it even more rewarding for our customers to create a home they love.”
Citi Retail Services head Craig Vallorano said: “Our new digital credit card program with Wayfair further diversifies our CRS portfolio, offering innovative financing options for consumers across a wide array of leading brands spanning brick-and-mortar and e-commerce.”
Additionally, the Wayfair Mastercard offers cardmembers with a 3% cashback at grocery stores, 2% on online purchases, and 1% back on other purchases.
Mastercard North America EVP Meredith Spatz said: “As we all are spending more time at home, we are excited to work with Citi and Wayfair to provide Wayfair customers with a convenient and rewarding program that enables them to make purchases towards their home and beyond.”
Last week, Zimswitch partnered with Mastercard to modernise Zimbabwe’s payment infrastructure.
