Toronto-Dominion Bank has extended its exclusive co-branded and private label consumer credit card contract with Target Corp.
Under terms of the agreement, the Canadian bank with extensive retail operation in the United States will issue the credit cards to Target’s U.S. customers until March of 2025.
TD, which has been boosting credit card assets along with other Canadian banks, bought Target’s U.S. credit card portfolio in 2013. At that time, the two companies entered an initial seven-year credit card agreement intended to run through 2020.
“We are excited to continue our agreement with Target, a top brand with an industry-leading card and rewards program,” Michael Rhodes, TD’s executive vice president for North American credit cards and merchant services, said in a statement.
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