Citi & Sears Extend Co-Branded Credit Card – $425 Million Dollar Deal

Citi and Sears have extended their contract for their co-branded credit card. Citi will pay Sears $425 million as part of the deal that will see the co-branded deal extended until December 31st, 2020. As part of the new deal Sears has also given up the right to purchase certain assets tied to the card program. Citi & Sears have been co-branded partners for 15 years and arguably offer the best store credit card due to the frequent promotions they offer.