American discount store chain Target
Corporation is to discontinue its Visa-branded credit cards in
favour of its own card brand.

The switch to Target credit cards, which will
become effective at the end of this month, comes after research
undertaken by the discount store shows that guests tend to spend
more at Target when issued a Target credit card instead of a Target

Jennifer Doidge, senior business leader for
corporate relations at Visa Inc told CI: “We respect
Target’s business decision to move ahead promoting their
proprietary cards.  We look forward to working with Target to
provide existing Visa Target cardholders with the value they have
come to enjoy, with a product that can be used both in Target
stores, and at millions of merchant locations worldwide.”

Target Corporation has advised that existing
Target Visa Credit Card holders will not be affected.

Terry Scully, president, Target Financial
Services, said: “Our financial products are designed to deepen
relationships with our retail guests and drive profitable sales for

“Recent product testing and guest research
underscores the tremendous value enjoyed by Target Credit Card
guests. Target benefits from these powerful guest relationships
through increased trip frequency and retail sales.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.