Carrefour China and China CITIC Bank have signed an agreement to launch the Carrefour CITIC credit card.
Carrefour China, a subsidiary of the multinational supermarket chain, will install 200 financial services counters with co-operation from China CITIC Bank from September 2013 to mid-2014.
Go deeper with GlobalData
At these counter, customers will be able to apply for the credit card, make inquiries, payments, and credit exchanges.
The new card will offer customers 5% cash back on purchases in Carrefour on Wednesdays and Saturdays on condition of a minimum spend of RMB99 ($16), preferential treatment once a month on Co-Branded Card Day.
They will also receive a gift for first-time use, member prices and services at Carrefour stores and an exclusive payment channel.
Visa will be the payment processor for the new co-branded card.
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.
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 GlobalDataChina CITIC Bank has 43 ATMs and 35 branches across Hong Kong and customers can use 210,000 ATMs in mainland China.
Related articles
JCB and China CITIC Bank unveil card specifically for women
Ta Chong Bank in Taiwan to issue JCB cards
China Mobile upgrades consumers to NFC
