Mentioned Companies:

Citi Buys Dillard’s Credit Cards from Wells Fargo

The private label card and co-branded American Express card portfolios of specialty retailer Dillard’s will be purchased by Citi, the 3rd largest US general purpose credit card issuer and 2nd largest US private label credit card issuer. Wells Fargo was the seller of both portfolios. Terms were not disclosed. Wells Fargo ranks 8th among general purpose credit card issuers and 5th among private label credit card issuers. Citi will convert the American Express-Dillard’s co-branded cards to Mastercard-Dillard’s co-branded cards in the fall of 2024. The Amex co-branded card had $532.0 m...

Want to read more?

Please log into your subscriber account.

Check out our subscription offers.
New subscribers receive over 130 articles in the 22 issues published each year, plus the last five years of issues (that’s over 1,200 articles) as a download link, which are fully searchable in PDF format.

© Copyright 2024 Nilson Report


February 2024
Headlines in this Issue
Charts in this Issue

Global Network Card Brands in the United States 2023

US General Purpose Credit and Debit Cards with Change vs. 2022

Credit Card Outstandings on US Global Network Cards

Market Shares of Purchase Volume on US General Purpose Cards

General Purpose Credit Cards in the US with Change vs. 2022

US Mastercard and Visa Credit and Debit Cards—Purchase Volume 2003-2023

US Mastercard and Visa Debit and Prepaid Cards

US Mastercard and Visa Credit Debit and Prepaid Cards

History of Mastercard and Visa in the US Purchase Transactions—2016 through 2023

Investments & Acquisitions—January 2024