Saturday, September 09, 2006

The Home Depot Launches Co-Branded Credit Cards

Do-It-Yourselfers and Businesses Earn Rewards for Purchases Made With The Home Depot Rewards and Business Rewards MasterCard Cards issued by Citi(R) Cards

ATLANTA, Aug. 25 /PRNewswire-FirstCall/ -- The Home Depot(R), the world's largest home improvement specialty retailer, announced today the launch of its first co-branded consumer and business rewards credit cards - The Home Depot Rewards MasterCard(R) and The Home Depot Business Rewards MasterCard(R) issued by Citi Cards - providing consumers and business owners with the power to earn rewards for their everyday purchases.


The Home Depot Rewards and Business Rewards MasterCard credit cards provide cardmembers with special incentives and rewards. Cardmembers earn 2,500 bonus points with their first purchase (enough for a $25 gift card), two points on every dollar spent at The Home Depot and EXPO Design Center, and one point for every dollar spent on purchases at the millions of locations worldwide where MasterCard is accepted. Customers can choose from hundreds of reward options, including everything from gift cards to travel and merchandise.

The cards include optional cash access through the worldwide Cirrus ATM network, and consumers enjoy the same MasterCard zero liability protection in the United States that applies to consumer and small business MasterCard cardholders if their card is subject to loss, theft or fraud.

"The Home Depot is pleased to offer our customers a chance to earn points for rewards while still receiving low rates and enjoying no annual fees," said Frank Blake, executive vice president, Business Development and Corporate Operations for The Home Depot. "The MasterCard Rewards and Business Rewards products are the perfect addition to our existing credit financing options."

"Citi Cards is proud of our ongoing relationships with MasterCard and The Home Depot in providing our customers with exceptional value, benefits and rewards for all of their purchases," said Loren Kranz, senior vice president, Citi Cards. "These relationships reinforce our goal to be the 'partner of choice' for innovative, leading business partners who seek new programs to enhance their relationships with current and prospective customers."

"MasterCard Worldwide is always seeking opportunities to provide additional customized benefits that cater to the needs and interests of our cardholders, customer financial institutions and retail partners," said Gareth Forsey, Group Executive, US Commerce Development & Co-brand, MasterCard Worldwide. "With The Home Depot Rewards MasterCard and Business Rewards MasterCard from Citi Cards, cardholders will receive all the purchasing convenience, flexibility and security of a MasterCard card, while earning points for great rewards."


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